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‘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.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Tadawul looks to raise $1bn from its IPO

The Saudi index fell 0.1 percent on Sunday (April 3, 2022), affected by a 1.1 percent decline in the share of the National Commercial Bank and 1.5 percent of Riyad Bank.
By TRENDS Desk
November 21, 2021 5:19 pm
  • Tadawul appointed SNB Capital as the lead manager, financial advisor, book-runner, Global Coordinator and underwriter for the initial public offering
  • while J.P. Morgan Saudi Arabia, and Citigroup Saudi Arabia were appointed as financial advisors on the offering of 36 million shares of Saudi Tadawul Group Holding Co

Tadawul is looking to raise up to $1 billion from its initial public offering (IPO), after setting the price range per share between SR95 and SR105.

Tadawul appointed SNB Capital as the lead manager, financial advisor, book-runner, Global Coordinator and underwriter for the initial public offering, while J.P. Morgan Saudi Arabia, and Citigroup Saudi Arabia were appointed as financial advisors, book-runners, global coordinators and underwriters on the offering of 36 million shares of Saudi Tadawul Group Holding Co., it said in a filing today.

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