Abu Dhabi’s main stock index advanced 0.41 percent, while Saudi Stock Exchange’s main index ended trading higher on Monday, gaining 31.67 points
Saudi Tadawul
Abu Dhabi Securities Exchange
Stock market: UAE indexes gain, Saudi main index ends in red on Monday
The Abu Dhabi main index edged 1.57 percent higher, supported by First Abu Dhabi Bank gaining 1.52 percent to close at AED17.36
Capital Market Authority
Saudi Arabia announces new rules for foreign investors
The latest proposals are expected to have a positive impact on encouraging foreign investment in the Saudi capital market, besides increasing its attractiveness and efficiency and enhancing its regional and international competitiveness
Abu Dhabi Securities Exchange
Revealed: How Americana’s value rose by AED200m a month for six years
Analysis shows remarkable rise in food operator’s value since buyout in 2016
Abu Dhabi Securities Exchange
Americana IPO: KFC operator issues minimum of 1,000 shares to UAE retail investors
Following the allocation, Americana will be listed on the Abu Dhabi Securities Exchange (ADX) and Saudi Arabia’s Tadawul on December 12
Abu Dhabi Securities Exchange
KFC operator Americana increases IPO shares for UAE retail offer to 10%
Americana was previously reported to list over 2.52 billion shares on UAE and KSA bourses
Abu Dhabi Securities Exchange
KFC operator Americana opens IPO, shares priced at AED2.50 to 2.62
The final offer price will be determined through a book-building process and is expected to be announced on November 23
Capital Market Authority
Saudi Arabia signals listing of more state-owned companies and assets
The country’s market regulator said it will work with Saudi Stock Exchange (Tadawul) and other concerned bodies to come up with suitable procedures and initiatives for it
Abu Dhabi Securities Exchange
UAE financial market ends in green, Saudi in red amid interest rate hike
Market analysts attributed the reason for the upbeat sentiments in UAE market to the robust Q3 corporate earnings, though there was caution persisting on interest rate hike decision
Abu Dhabi Securities Exchange
Alabbar says KFC operator Americana to double revenues
Company to list shares on Saudi Tadawul and Abu Dhabi Securities Exchange
carbon emissions
Saudi PIF sets up regional voluntary carbon market company to support businesses to achieve net zero targets
The new company announcement is expected to facilitate the efforts of the carbon credit auction – billed as the world’s largest-ever – at the 6th edition of the Future Investment Initiative (FII) in Riyadh on Tuesday
Capital Market Authority
Saudi Arabia fine-tunes guidelines for equity share offerings by companies
Significantly, the move comes ahead of IPO plans of many Saudi companies, including the energy arm of Saudi Aramco
initial public offerings
Saudi Arabia’s Marafiq to list shares on Tadawul
The state-backed private integrated power and water utility company, received the regulatory approval on September 26, and plans to list 30 percent (73,094,500 ordinary shares) of its share capital
Almarai
Saudi food giant Almarai records 8% jump in profits as revenues rise
Almarai’s bakery category led the growth during the period, recording a 124.6 percent increase due to higher sales
Exchange Traded Fund (ETF)
Saudi Arabia’s stock exchange Tadawul to launch first Islamic index
Its first Shariah compliant Index, TASI will track the performance of the Shariah compliant companies listed on the exchange under the supervision of an independent Shariah advisory committee
Aramco IPO
2022: Another buoyant year for GCC IPO markets?
The next big thing in the region’s IPO space could be family group listings
Abdullah Al Othaim Markets
Saudi mall operator Abdullah Al Othaim Markets cancels IPO plans
The company earlier said it was going to sell 30 percent of its shares