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Company News, Business

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

East Pipes to list on TASI

Dammam-based East Pipes specializes in manufacturing steel pipes
By TRENDS Desk
February 13, 2022 11:21 pm
  • This came after the initial public offering of the company was 71.8 times oversubscribed, setting the final offer price at SR80 ($21.3)
  • SNB Capital, as the financial advisor of the offer, led the book-building process, which started on Jan. 11 and ran through Jan. 17

East Pipes Integrated Co. will be listed on Saudi Arabia’s main stock index, TASI, on Monday, Feb. 14, Saudi exchange said in a statement.

This came after the initial public offering of the company was 71.8 times oversubscribed, setting the final offer price at SR80 ($21.3) per share.

SNB Capital, as the financial advisor of the offer, led the book-building process, which started on Jan. 11 and ran through Jan. 17.

The offer comprised a total of 6.3 million shares.

Established in 2010, Dammam-based East Pipes specializes in manufacturing steel pipes.

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