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Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Tadawul of Saudi Arabia to list its IPO on the bourse

Saudi Home Loans is the main market’s seventh listing this year.
By TRENDS Desk
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.

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