This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

VideosInforgraphics
Sign inSubscribe

Business

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

Tadawul of Saudi Arabia to list its IPO on the bourse

November 7, 2021 4:06 pm
  • The operator of the bourse will offer 36 million ordinary shares, representing 30 percent of its issued share capital of 120 million shares
  • This comes after the Gulf state’s regulator, Capital Markets Authority (CMA), signed off on the exchange’s IPO last week

Tadawul, the owner of Saudi Arabia’s stock exchange, will proceed with its initial public offering (IPO) and list the shares on the bourse.

The operator of the bourse will offer 36 million ordinary shares, representing 30 percent of its issued share capital of 120 million shares through a sale of existing shares by the sole shareholder, the Public Investment Fund (PIF).

This comes after the Gulf state’s regulator, Capital Markets Authority (CMA), signed off on the exchange’s IPO last week.

Tadawul has a market capitalization of over 10 trillion riyals ($2.6 trillion). Once listed, it will become the third publicly traded stock exchange in the region after the Dubai Financial Market (DFM) and Boursa Kuwait.

Most Read