Search Site

Trends banner

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

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.

Bahrain’s Batelco looks to dual list on Tadawul, could be first to do so

     

    • Bahrain’s biggest telecommunications firm has hired the investment arm of Samba

    • Tadawul has been trying to encourage Middle Eastern firms to dual list for years, without success

     

    Although the final decision has not been yet taken about the listing of the company on Tadawul, but if it gets the approval, Bahrain Telecommunications Co. (Batelco) would be the first company to be dual listed on Tadawul.

    The investment arm of Samba Financial Group has been hired as an adviser on the deal, the people said, asking not to be identified for information privacy, reported Bloomberg.

    No decision has been made and the company may decide against the dual listing, they said. Batelco is planning to become the first company to have a dual listing of shares on Saudi Arabia’s stock exchange (Tadawul).

    A spokesperson at Batelco declined to comment, while Samba Capital didn’t respond to messages seeking comment, Bloomberg said. Tadawul has been trying to encourage Middle Eastern firms to dual list for years, without success. Aluminium Bahrain had considered a dual listing in 2014, but it never occurred.

    The Saudi exchange is the largest and most actively traded in the Gulf region. Trading volumes on other exchanges have languished, leading several firms to delist from bourses in Dubai and Bahrain.