INSEAD Day 4 - 728x90

Business, Economy, Markets

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

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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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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