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Business, Economy, Markets

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.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Tadawul’s sukuk, bonds market sees $3.4bn negotiated deals in first 9 months of 2023

The financing aims to strengthen the company’s financial position. (Tadawul)
By TRENDS Desk
October 6, 2023 1:53 am
  • March recorded the highest number and value of deals, as 18 transactions were executed at a value of $853 million
  • KSA Sukuk 2021-06-10 topped the list in the first nine months of 2023 with US$821 million.

RIYADH, SAUDI ARABIA – The Saudi Exchange’s (Tadawul) sukuk and bonds market witnessed 74 negotiated deals worth nearly SAR 12.77 billion in the first nine months of 2023.

March recorded the highest number and value of deals, as 18 transactions were executed at a total value of US$853 million.

KSA Sukuk 2021-06-10 topped the list in the nine-month period with US$821 million.

Meanwhile, KSA Sukuk 2019-04-30 came in second with US$544 million, followed by KSA Sukuk 2019-03-15 with US$517 million.

The Saudi Stock Exchange main index ended trading lower on Thursday, losing 75.42 points to close at 10764.85 points.

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