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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.

CMA approves 18 listings on Tadawul

The final offer price will be announced after a book-building process.
By TRENDS Desk
October 26, 2022 2:07 pm
  • According to Mohammed al-Rumaih, CEO of Tadawul, the Capital Market Authority has approved 18 listings through 2022
  • The number surpasses the 2021 figure, which saw 21 listings, as well as the number witnessed in 2020, when the market recorded only eight listings

Riyadh, Saudi Arabia—Saudi Tadawul Group has recorded another listing of a company on its stock exchange, the 39th listing since the beginning of the year,

According  to Mohammed al-Rumaih, CEO of Tadawul. the Capital Market Authority has approved 18 listings through 2022.

This number surpasses the 2021 figure, which saw 21 listings, as well as the number witnessed in 2020, when the market recorded only eight listings, according to the CEO of Saudi Arabia’s stock exchange.

Tadawul is also working on developing a market marker for the stock exchange, al-Rumaih added, without giving further details.

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