Browsing: Tadawul

S&P Global has upgraded Saudi Arabia’s long-term credit rating to A+, citing improvements in governance…

Derayah Financial Company has set its initial public offering (IPO) price at 30 SAR per…

EFG Hermes, the investment banking division of EFG Holding, the successful completion of its advisory role for Almoosa Healthcare Company’s $449M initial public offering (IPO) on the Saudi Exchange (Tadawul).

In the second quarter of 2024, 14 IPOs raised $2.64B, according to the EY MENA IPO Eye report. This represents an increase from 13 IPOs.

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…