Volatile energy prices, the Russia-Ukraine conflict, and the Covid pandemic in China continue to be prime factors impacting markets
Saudi Tadawul
Ahmed Saud Hamza Ghouth
Saudi’s Alkhabeer fund units begin trading on Tadawul, IPO subscription valued at $288mn
Fund attracted over 470,000 individual and institutional investors
Capital Market Authority
Saudi Tadawul Group initiative looks to increase investment opportunities, improve access to financial instruments
The Group has decided to roll out largest post-trade enhancements in the history of the Saudi capital market
Abu Dhabi Securities Exchange
Record IPO proceeds generated as Gulf bourses rally after pandemic
New research shows 21 IPOs in MENA region raising proceeds of $7.9bn in 2021
Capital Markets
Tadawul Group’s net profit up 17% to $156.6mn in 2021 following strong Saudi Capital Market performance
The Tadawul Group’s revenues were up 8.01% year-on-year to $309.15 million in 2021, predominantly driven by solid growth in trading services, post trade services, and listing fees, on the back of strong Saudi Capital Market performance.
Capital Markets
PIF-owned Saudi digital security firm Elm surges on Tadawul trading debut
Elm’s own offering drew $57 billion in institutional orders this week, almost 70 times the targeted proceeds
GCC IPO activity
Saudi stock exchange seeks to raise as much as $1bn in IPO
Exchange is selling a 30 percent stake, or 36 million shares
Almunajem Foods
Almunajem’s IPO said to draw demand for all shares on sale
Riyadh-based firm is selling 18 million shares through the IPO, that’s seeking to raise as much as $288 million
Almunajem Foods
Saudi food giant Almunajem picks HSBC for IPO, plans to list 30%
Almunajem supplies foodstuffs to more than 22,000 outlets, including retail, food services, and wholesale channels
Almunajem Foods
HSBC chosen to advise on Saudi food giant’s IPO as boom rolls on
Riyadh-based Almunajem could announce the deal as soon as in the next few weeks
IPO activity
JPMorgan, Citigroup to get slice of $21m Saudi IPO fee
Fees compare with the $42m that lenders and advisers including JPMorgan and Citigroup shared from ACWA Power International’s IPO in September
IPO activity
Saudi stock exchange set for December trading debut, CEO says
Offering could value the bourse at between $3bn and $4bn, according to sources
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
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
Capital Markets
Morgan Stanley puts buoyant Saudi stocks back on the buy list
Financials and materials stocks have been the best performers on the MSCI Saudi Arabia index this year
ACWA Power
ACWA says investor pitch well received as it gears up for IPO
Company’s IPO on the Saudi stock exchange could raise about $1 billion, valuing the company at $10bn
carbon credits
Saudi Arabia reveals carbon credits plan to fight climate change
Public Investment Fund in collaboration with the Saudi Tadawul Group announces plans to establish the Riyadh Voluntary Exchange Platform