Featured Tadawul to see influx of IPOs Aya Anwar May 9, 2024 0 Saudi Arabia boasts over ten companies eagerly awaiting to embark on initial public offerings (IPO) on its stock…
Featured Aramco’s ’23 profit drops to $121b Aya El Sayed Mar 10, 2024 0 Aramco, the Saudi oil giant, announced on Sunday a $121 billion profit in 2023, down from its record high of $161…
MENA News S. Arabia’s MMC plans to sell 30% stake in IPO Nada Ali Feb 7, 2024 0 Saudi Arabia's Modern Mills for Food Products Co. (MMC) intends to sell a 30 per cent stake in an initial public…
Featured S. Arabia’s Savola group to issue Almarai stake to shareholders Aya Anwar Feb 7, 2024 0 Saudi Arabia's Savola announced that it intends to give its eligible shareholders a 34.52 per cent stake in the…
Banks Saudi Investment Bank posts SAR 1.76 bln net profit in ’23 Nada Ali Feb 4, 2024 0 The Saudi Investment Bank (SAIB) reported a net profit of 1.76 billion Saudi riyal (about $469,3 million) in 2023,…
Tech/AI Saudi Almarai approves $108mln investment for bakery segment Sama Mousa Oct 3, 2023 0 Saudi Arabia's Almarai Company said it approved a 405 million riyal ($108 million) investment plan on Tuesday to…
Tech/AI Saudi SALIC increases stake in NADEC by 6.2% Sama Mousa Sep 19, 2023 0 The Saudi Agricultural and Livestock Investment Company (SALIC) increased its stake in the National Agricultural…
Stocks Gulf markets briefing 26/03/2023 Sama Mousa Mar 26, 2023 0 The markets in the gulf inclined slightly on Sunday, with the Qatari main index, QE All Shares, rising by 1.34…
Stocks Gulf Markets Briefing 23/03/2023 Sama Mousa Mar 23, 2023 0 The majority of markets in the Gulf witnessed an incline in the main indices on Thursday, with the Saudi Tadawul…
News Saudi crown prince plans IPO of $500 billion megaproject Neom by 2024 Nada Ali Jul 27, 2022 0 Saudi Arabia's Crown Prince Mohammed bin Salman is planning the Initial Public Offering (IPO) of the Kingdom’s SAR…