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ADX signs MoU with SZSE
The agreement will bolster cross-border ETF cooperation.
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UAE stocks generate strong cash flows as DFM hits 8-month high
Abu Dhabi, UAE--UAE stock markets Thursday continued to capitalize on improved investor sentiments, defying US Fed's decision to keep interest rates steady on Wednesday, while projecting an increase by year-end. Blue-chip real estate, banking, and energy stocks lead the gainers in the Capital's bourse, as giant property Emaar drove DFM... -
Saudi Arabia’s mining company Ma’aden to buy 10% of Brazilian firm
Riyadh, Saudi Arabia - Saudi Arabian Mining Company, known as Ma’aden, has agreed to acquire a 10 percent stake in Brazil’s base metals company Vale, it said in a bourse statement on Sunday, as part of a strategy to invest in global mining assets. A binding agreement was signed by... -
ACWA Power logs 411m profit
The company's operating profit rose 13.5% to $696 million. -
BinDawood’s profit falls by 74%
Its net profit tumbled to $16m in first nine months. -
Al-Othaim’s profit up by 436%
Its profit rose to $235m in the first nine months of 2022. -
Arriyadh posts 20% profit drop
Its profit declined to $69.6m in the first nine months of 2022. -
Savola Group posts 36% increase in profit
It recorded $173m profit in the first nine months of 2022. -
SABB posts 26% profit rise
The profit touched $931m in the first nine months of 2022. -
Sipchem posts jump in profit
It recorded a 37% increase in net profit to $800m. -
Saudi Top to list on Nomu
The company will list 880,000 ordinary shares via an IPO. -
Al Sagr to cut capital
It has sought shareholders' nod for 65% capital reduction. -
Almarai posts profit in Q3
The Saudi firm's net profit rose 10% to $372m. -
Tihama’s stock surges 10%
The firm won the nod from CMA to increase capital by 700%. -
CMA clears three new IPOs for listings on Saudi bourses
The CMA has approved an application from Power and Water Utility Co. for Jubail and Yanbu to register and sell 73.09 million shares, or 29.24 percent of equity, on the Saudi Exchange. -
AlBabtain launches IPO
The company has set a price range of $18 to $21 per share. -
Saudi Steel lands contract
It won a $40 million contract from Aramco to supply pipes. -
Walaa to merge with SABB
The firm won the shareholders' approval for the merger. -
Saudi Electricity borrows $568m
The money will be used to fund Egypt interconnection project. -
SAMA approves merger of SABB Takaful and Walaa Insurance
Saudi Central Bank has approved the merger of SABB Takaful with the rival insurer Walaa Insurance, following an agreement between the two groups in February. -
SAIB shares vault more than 2%
The stock rose after it declared cash dividends of $80 million. -
Bank Muscat net profit up 5 percent
The bank said profits up despite lower net interest income and higher expenses. -
Ladun to list on Nomu
The Saudi firm's IPO was priced at $4.8 per share. -
Nayifat CEO resigns
Al-Sowailem resigned due to “personal circumstances." -
SHL of KSA to be on bourse
Saudi Home Loans to trade on Tadawul from April 20. -
UAE stock markets gain almost $6bn in first week of Ramadan
The two bourses have been adhering to the Monday-to-Friday workweek — the norm across most of the world — since the beginning of the current calendar year. -
Tadawul posts 17% jump in net profit to $157m in 2021
Tadawul Group has posted a seventeen percent jump in net profit to $157 million in 2021, according to a bourse filing. Tadawul owns Saudi Arabia's main stock exchange. -
Saudi Parts Center to list on Nomu
Saudi Parts Center Co. will begin trading on Nomu, the Saudi stock exchange's parallel market, on Monday, according to a bourse statement. -
Non-Jordan investors buy less, sell more at Amman bourse
The net of non-Jordanian investments during January 2022 showed a negative value of JD5 million ($7.05 million). -
Which are the top equity markets in the Middle East?
Here is a comparison between the top equity markets in the Middle East, and how they stack up against a couple of their global counterparts. -
Saudi telecom firm Zain reports 36% dip in net profit
Zain KSA, the Saudi telecom firm, has reported a 36 percent drop in net profit to SR143 million in the first nine months of 2021. -
Post merger, Emaar Properties and Emaar Malls form a single company
Shareholders of Emaar Properties have approved the merger of the company with Emaar Malls, according a bourse filing. -
Natural Gas Distribution all set to list and trade on Nomu
The listing and trading of shares of Natural Gas Distribution on Nomu will start on September 22, as a direct listing, according to a bourse filing. -
UCAC gets nod to amend insurance practice
The company had sought Saudi Central Bank's approval for the amendment. -
Tadawul in deal with SIX Group
The two will deal in Exchange products like cross listing & facilitate investors. -
Mubadala’s satellite unit IPO on the cards in Abu Dhabi
Mubadala will follow it up with its aluminum venture It is intended to strengthen Abu Dhabi bourse The initial public offering (IPO) of Mubadala’s satellite unit in Abu Dhabi is on the cards as the UAE capital intends to bolster its bourse. Musabbeh Al-Kaabi, the CEO of Mubadala's UAE investments...