The company recently concluded its IPO of six million ordinary shares
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Al Rajhi Bank
Saudi Arabian miner Amak hopes to raise up to $332m from IPO
Move comes after Saudi Arabian companies raised almost $9.3bn from share offerings last year
IPO
Saudi Arabia’s Nahdi Medical seeks primary healthcare expansion as IPO plans continue
Nahdi may start using its pharmacies across Saudi Arabia to start offering primary healthcare services
Foreign investors
Saudi’s Tadawul said to start options trading on single stocks soon
Sources say Saudi stock exchange plans to allow options trading in five to 10 companies initially
Aramco IPO
Saudi Arabia said to start talks on new Aramco stock offering
Sources say Saudi government has held talks with advisers on the potential share sale
Al-Dawaa Medical Services Company
Saudi pharma major Al-Dawaa Medical Services Company plans IPO
Announcement follows the Capital Market Authority’s approval of the company’s application for the listing in December
gender parity
How Al Jaweini is banking on continued gender parity in Saudi Arabia
Noelle Al Jaweini is chief of cash markets at Saudi Exchange (Saudi Tadawul Group) and has been involved in the country’s financial sector for the last ten years
Public Investment Fund
Saudi wealth fund PIF raises $3.2bn from sale of STC stake
Public Investment Fund offered 120 million shares in Saudi Telecom Co
Delivery Hero
Saudi food delivery firm Jahez eyes IPO of up to $2.4bn
Valuation would vault Jahez into the ranks of the biggest start-ups in the Middle East
initial public offerings
Saudi Arabia’s bourse wins approval to list 30% stake
Tadawul IPO could be one of the biggest in the exchange sector since Euronext’s $1.2bn listing
Saudi debt
Saudi Arabia inks deal to give foreigners access to debt
Deal between Securities Depository Centre Company and Brussels-based Euroclear Bank will give foreign investors access to the sukuk and bond market
Nomu Parallel Market
Saudi bourse in talks to recast small-cap market as start-up hub
Sources say Tadawul could offer incentives such as regulatory waivers to companies to list on Nomu
ACWA Power
Biggest Saudi IPO since Aramco slumps on day 2 of trading
ACWA Power International slumps as much as 10% on its second day as a listed company
ACWA Power International
Saudi power major sets IPO price at top end of range
ACWA Power International will raise $1.2bn and the IPO will value the company at $10.9bn
ACWA Power International
Power giant ACWA plans largest Saudi IPO since Aramco
ACWA Power International is selling 81.2 million shares to raise financing for its transformation into a low-carbon energy producer
Elm
Saudi’s PIF-owned digital security firm Elm hires IPO adviser
Elm is aiming to complete the sale of shares on the Saudi stock exchange by next year
Emerging Markets
Saudi Arabian shares lead Gulf gains on oil, earnings
Bank AlBilad and United International Transport were among the company’s reported higher-than-expected earnings
