Gulf stock markets closed mixed on Tuesday, with Oman leading regional gains, Saudi steady, and Qatar, Kuwait, and Bahrain ending lower
Saudi Stock Exchange
Latest in Saudi Stock Exchange
Capital Market Authority
Saudi Arabia may scrap foreign ownership limit rules; markets see 5-year surge
Markets soar in Saudi Arabia as reports suggest foreign ownership caps could be lifted
SABIC
Saudi chemical giant SABIC exploring IPO for its gas subsidiary
Bloomberg reports discussions held with Lazard, HSBC Holdings, JPMorgan Chase and Morgan Stanley on listing National Industrial Gases Company
poultry
Saudi poultry firm Entaj sets IPO price range at SAR 46-50 per share
The company’s shares are to be listed in the Parallel Market of Tadawul
IPO in Saudi Arabia
Saudi’s Derayah Financial secures Olayan Saudi as cornerstone investor for Tadawul IPO
Olayan Saudi is an investment arm of the kingdom’s Olayan Financing Company
Makkah
Saudi-PIF backed Umm Al Qura moves ahead with IPO to support $26bn Masar project in Makkah
The company said it plans to offer 130.8 million new shares, representing 9.09 percent of its post-increase capital
poultry
Saudi poultry leader Entaj announces plans to list on Main Market of Saudi Exchange
The company intends to offer 9 million shares for sale, accounting for 30 per cent of its issued share capital
Saudi Arabia
Revived confidence in follow-on offerings: A significant sign of Saudi market maturity
The prospects of follow-on offerings as drivers of Saudi Arabia’s economic growth and diversification are raised by their demonstrated efficacy in other markets
Saudi Arabia
Saudi retailer Cenomi fined by CMA for non-disclosure of financials
The franchise retailer has presence in more than 1,650 stores across 100 shopping malls in 11 markets