This will raise its share capital by $163 million to $944 million.

The offer was oversubscribed 165 times for all tranches combined.

Dubai, UAE - Parkin Company on Tuesday announced an increase in the number of shares offered in the UAE Retail Offer of its initial public offering (IPO) following an exceptional level of over-subscription and demand from retail investors. Following the approval of the Securities and Exchange Authority (SCA), the UAE...

AMMAN, JORDAN – Data released by the Amman Stock Exchange reveals that non-Jordanian investors bought shares worth US$12.5 million (JD8.9 million) in February 2024, accounting for 8.7 percent of the month's total trading volume. Conversely, these investors offloaded shares valued at US$44.7 million (31.7 million dinars) during the same timeframe....

Saudi Arabia said it transferred an additional eight percent stake from oil giant Aramco to firms owned by the kingdom's PIF sovereign wealth fund, according to state media. Aramco is the main source of revenue for Crown Prince and Prime Minister Mohammed bin Salman's ambitious economic and social reform program...

The 50% cash dividend would be to the tune of US$2.12bn.

Its next-generation console will be delayed until 2025.

Riyadh, Saudi Arabia - The Saudi Stock Market's general index (TASI) surged past the 12,500-point milestone on Sunday, reaching its highest level since August 2020. The increase can be attributed to the positive momentum generated by the disclosure of financial results, the majority of which met anticipated outcomes. The gains...

With this deal, the value of the firm has tripled in 10 months.

He reportedly intends to sell, next July, 50 million shares of the group.

The company reported $37.3 billion in sales in 2023.

Banking arm asked to stop accepting fresh deposits.

The company's capital now stands at US$266 milion.

Abu Dhabi, UAE--UAE stocks generated strong cash flows Monday, with market liquidity surpassing $272 million. International Holding Company (IHC) and Dubai Electricity and Water Authority (DEWA) topped the market in terms of number of transactions. The Abu Dhabi Securities Exchange (ADX) gained $241.25 million in liquidity, as compared to the...

Warner Brothers Discovery brands include CNN and HBO.

MBC Group runs a group of TV and radio channels.

The IPO witnesses demand of over AED 265bn ($72.15bn).

Final offer price will be fixed through a book-building process

Its earnings fell to US$6.5bn, down from $11.2bn last year.

The listing of shares on ADX is set for November 17.

It is the first crypto entity to be listed on a Middle East bourse.

Evergrande estimated it had debts of $328 billion at the end of June.

The company acquires 51 percent stake in First Fix.

Evergrande's enormous debt has contributed to the country's deepening property market crisis, raising fears of a global spillover. The property sector, which along with construction accounts for about a quarter of China's gross domestic product, is a key pillar of the country's growth and has experienced a dazzling boom in...

Qantas said some of the former airline chief's pay could be subject to clawback "should the board determine that necessary". The airline said its reputation took a blow when Australia's competition commission last month launched a Federal Court case accusing it of selling more than 8,000 tickets for flights that...

The daylong retail offering saw 124,900 investors subscribe.

The book-building process starts Sunday and run through Sept. 14.

It will be hiked by US$79.6m through a public offering.

Its shares will begin trading on the bourse later this month.

The company suffered a net loss of US$0.79 million.

Profits in the second quarter were $1.9 bn.

The aerospace company reported a $149 million Q2 loss.

The shareholders approved to distribute an 8.3% dividend.

FRANKFURT, GERMANY -  Shares in Siemens Energy plummeted on Friday after the company warned that technical problems at its wind turbine unit were worse than previously thought. The group scrapped its full-year profit target and said it was setting aside more than US$1.1 billion (1 billion euros) over the coming years...

Dubai, UAE -- Dubai Financial Market has delisted shares of Gulf General Investments Company's shares, effective 23 June 2023, under the rule that empower it to delist any security that has been suspended from trading for a duration of six months. The shares will remain in each investor's account with...

The total dividend of $241.63 million will be paid on July 19.

The energy company will pay US$462 million for the buyout.

Jamjoon Pharma IPO was launched on May 25 at SAR 60 per share.

More than 1.35 billion shares of the energy distribution firm were listed.

The company will follow it up with a listing on QSE.

Some 207mn shares will be on QSE through direct listing.

Abu Dhabi, UAE --Abu Dhabi National Oil Company (ADNOC) Monday said it has increased by the number of shares offered in the initial public offering (IPO) of ADNOC Logistics and Services by 4 percent on high investor demand across all tranches. ADNOC will now offer 1.40 billion ordinary shares, equivalent...

It has sold more than US$7bn of its shares since early 2023.

Beijing, China--Investment bank China Renaissance suspended trading in its Hong Kong-listed shares on Monday, saying the disappearance of its chairman meant it was unable to publish its annual results. Bao Fan, the group's billionaire chairman and executive director, went missing in February and was later revealed to be "cooperating" in an official investigation...

Petrofact and Hitachi Energy secured a $14.1bn energy deal.

The stock rocketed to AED3.7 from an offer price of AED1.34.

The shares fell on the lender's rising cost of default cover.

The UAE-based exchange house said the number of ordinary shares has been increased from 37.50 million to 56.25 million. But the total size of the IPO— 750 million shares, equivalent to 10 percent of the Group’s issued share capital—remains unchanged.

It will make an initial public offering before listing.

ADNOC Gas said that ADNOC will now offer 3.83 billion shares, equivalent to approximately 5 percent of ADNOC's total issued share capital. Previously, the offering size was $2 billion or 3.07 billion shares. The final offer price is expected to be announced on March 3.