Business

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Tadawul shares set to trade, after huge investor interest

The Saudi index fell 0.1 percent on Sunday (April 3, 2022), affected by a 1.1 percent decline in the share of the National Commercial Bank and 1.5 percent of Riyad Bank.
By TRENDS Desk
December 6, 2021 4:33 pm
  • The individual subscribers tranche of Tadawul’s initial public offering was 442.53 percent oversubscribed with a total demand of SR5.02 billion ($1.3 billion)
  • The stock exchange group was offering 10.8 million shares to individual investors, or 30 percent of the total offer shares at a final price of SR105

After evoking a huge interest in investors, shares of Tadawul group will begin trading on the main market on Wednesday, Dec. 8.

The individual subscribers tranche of Tadawul’s initial public offering was 442.53 percent oversubscribed with a total demand of SR5.02 billion ($1.3 billion).

The stock will have a ± 30 percent daily price fluctuation limit and ± 10 percent static price fluctuation limit, according to the company’s filing.

The stock exchange group was offering 10.8 million shares to individual investors, or 30 percent of the total offer shares at a final price of SR105.

Around 598,327 subscribers participated in the period, which started on Nov. 30.

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