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Derayah’s listing aligns with Saudi Arabia’s broader efforts to deepen its capital markets as part of the Financial Sector Development Program under Vision 2030
The Saudi Exchange granted conditional approval on December 8, 2024, for the listing of Umm Al Qura’s shares on Tadawul’s Main Market
The healthcare company began trading publicly on Tuesday and rose 15 per cent on debut as it hovered around the SAR139.60 mark
The healthcare operator is offering 13.3 million shares to investors – equivalent to 30 per cent of the company’s paid-up capital
Founded in 2017, Nice One has rapidly grown to become the largest online platform for beauty and personal care products in Saudi Arabia
The milling firm said that the retail subscription period will run from September 18 to September 19
Al Majed for Oud is offering 7,500,000 shares to investors – equivalent to 30 per cent of the company’s paid-up capital – at a price range of SAR90 to SAR94
The milling is offering the shares in two tranches — to institutional investors and retail investors — between September 1-19
Leading the pack is the Saudi Exchange (Tadawul), with a market value of $2.68tn, solidifying its position as the largest in the region
The company was part of a wider privatisation programme under Saudi Arabia’s Vision 2030 strategy aimed at diversifying the oil-dominated economy
The final offer price was set at SAR7.50 per share, at the top end of the price range, raising gross proceeds of approximately SAR900m
The world’s top oil exporter has been seeking to bring in international investment as it launches a range of projects as the Saudi government seeks to diversify its oil-based economy
The fintech firm is offering 5.3 million new shares and 17.4 million existing shares to investors – equivalent to 30 per cent of the company’s paid-up capital
Miahona was established as one of the first proponents of the public-private partnership (PPP) model in the kingdom
In a statement, the company said that Awad Farouk Al-Desouki is no longer CEO at Saudi Fisheries, effective from 15 April 2024
The Saudi Exchange played a pivotal role in facilitating more than SAR11.9bn ($3.2bn) raised through IPOs on the Main Market in 2023
The IPO involved the offering of 24,549,600 shares, constituting 30 per cent of the company’s issued share capital
The GCC region is set to see more equity capital markets activity in 2024 as more companies are considering public listings amid a global slowdown
The IPO will offer 120,000,000 shares, representing 30 per cent of SMASCO’s total issued share capital
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Shares in regional broadcaster MBC Group soared 30 per cent on its debut on Saudi Arabia’s Tadawul stock exchange on Monday
These indices will serve as reference points for various investment products, aiding institutional investors in monitoring the performance of market segments
The offering will consist of 338.7 million shares, which will include the issuance of 237.1 million new shares through a capital increase
Saudi Arabia dominated the region in terms of the number of listings, with four listings on the Tadawul’s main market raising $0.8bn
The Luberef IPO marks the firm’s eighth private equity exit, and at SAR5bn the offering brings Jadwa’s aggregate private equity distributions to clients to SAR11bn
This step further enhances the Saudi Exchange’s appeal as an investment destination for investors and issuers, regionally and internationally
The Middle East is having a banner year for IPOs on the back of high oil prices, investor inflows and strong demand for share sales
The index will track the performance of companies listed as Shariah-compliant on the Saudi stock exchange
EFG Hermes has advised on other landmark listings such as ACWA Power’s offering on Tadawul and ADNOC Drilling’s milestone IPO on ADX
The initial public offering’s price range has been set at SAR65-SAR73