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Saudi Arabia’s Almarai, the largest dairy company in the Middle East, declared a more than 4% surge in fourth-quarter net profit, driven by increased revenue from its poultry and dairy sectors.
Saudi Tadawul Group (Tadawul) has agreed to purchase a 32.6 percent stake in Dubai Mercantile Exchange (DME) for $28.5M (SAR 107M), becoming the joint largest shareholder alongside US-based CME Group.
IPOs in the Gulf experienced a 55% decline last year, as indicated by data from Kuwait Financial Centre “Markaz.”
Saudi Arabia’s Tadawul stock exchange has introduced a new index that monitors the top 50 companies based on their market value on the largest bourse in the Arab world.
Saudi broadcaster MBC Group has garnered $14.5B (SAR 54.5B) in investor orders for its initial public offering (IPO) on the Saudi Exchange (Tadawul).
The exchange is selling a 30 per cent stake, or 36 million shares. Saudi Arabia’s…