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TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

SHL of KSA to be on bourse

Saudi Home Loans is the main market’s seventh listing this year.
By TRENDS Desk
April 18, 2022 9:20 pm
  • Operating since 2007, SHL is 40-percent owned by Arab National Bank, the second-largest shareholder is Dar Al Arkan, with 15 percent of the share capital
  • The Riyadh-based company raised SR600 million ($160 million) in an initial public offering last month that saw huge demand from investors

Shares of Saudi Home Loans, a Shariah-compliant real estate lending firm, will start trading on Tadawul’s main market from April 20.

Operating since 2007, SHL is 40-percent owned by Arab National Bank, the second-largest shareholder is Dar Al Arkan, with 15 percent of the share capital.

The Riyadh-based company raised SR600 million ($160 million) in an initial public offering last month that saw huge demand from investors and was priced at SR20 per share.

SHL generated orders worth SR1.6 billion from retail subscribers, and the book-building was 50 times oversubscribed.

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

Despite global market volatility, investor interest in the Kingdom’s IPOs has been rapidly growing so far in 2022, with Tadawul being one of the region’s busiest stock exchanges.

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