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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Tadawul of Saudi Arabia to list its IPO on the bourse

Saudi Home Loans is the main market’s seventh listing this year.
  • The operator of the bourse will offer 36 million ordinary shares, representing 30 percent of its issued share capital of 120 million shares
  • This comes after the Gulf state’s regulator, Capital Markets Authority (CMA), signed off on the exchange’s IPO last week

Tadawul, the owner of Saudi Arabia’s stock exchange, will proceed with its initial public offering (IPO) and list the shares on the bourse.

The operator of the bourse will offer 36 million ordinary shares, representing 30 percent of its issued share capital of 120 million shares through a sale of existing shares by the sole shareholder, the Public Investment Fund (PIF).

This comes after the Gulf state’s regulator, Capital Markets Authority (CMA), signed off on the exchange’s IPO last week.

Tadawul has a market capitalization of over 10 trillion riyals ($2.6 trillion). Once listed, it will become the third publicly traded stock exchange in the region after the Dubai Financial Market (DFM) and Boursa Kuwait.