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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Nahdi Medical to list on Tuesday

Ahead of listing, Nahdi generated an order book of $80 billion from institutional investors, while retail subscribers poured in $1.8 billion.
By TRENDS Desk
March 21, 2022 7:25 pm
  • With an offer price of SR131 ($35), Nahdi had raised $1.36 billion from its initial public offering, slightly higher than the $1.2 billion sold by ACWA Power a year earlier
  • The Jeddah-based pharma retailer currently operates over 1,150 pharmacies across the Kingdom and a rising number in the UAE

Nahdi Medical Co. of Saudi Arabi will begin trading on March 22 in what is going to be the kingdom’s biggest listing since the listing of Aramco.

With an offer price of SR131 ($35), Nahdi had raised $1.36 billion from its initial public offering, slightly higher than the $1.2 billion sold by ACWA Power a year earlier.

Ahead of listing, Nahdi generated an order book of $80 billion from institutional investors, while retail subscribers poured in $1.8 billion.

The Jeddah-based pharma retailer currently operates over 1,150 pharmacies across the Kingdom and a rising number in the UAE.

With a presence across Saudi Arabia and the UAE, the company held a 31 percent market share of total pharmacy sales in the Kingdom by the end of 2021.

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