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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.

Three Saudi companies to offer nine million shares in IPO

By TRENDS Desk
November 5, 2021 10:57 pm
  • Among them was the Riyadh-based Advanced International Company, specializing in providing technical and security solutions
  • Alwasail Industrial Co., also offered 2.5 million shares
Three Saudi private companies will go public, offering around nine million shares in IPOs, according to the Saudi Exchange market (Tadawul).

Among them was the Riyadh-based Advanced International Company, specializing in providing technical and security solutions, offering 400,000 shares.

Alwasail Industrial Co., also offered 2.5 million shares. It manufactures and supplies polyethylene pipes and parts, irrigation equipment, communication channels, drinking water pipes and fittings, gas and oil pipes and fittings, and rubber products.

Both will list on Nomu, the Kingdom’s parallel equity market with lighter listing requirements that serves as an alternative platform for companies to go public.

Scientific and Medical Equipment House is offering 6 million shares to be listed on main market TASI, offering 30 percent of the company’s shares.

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