Drake & Scull to issue 2.4 billion shares
This will raise its share capital by $163 million to $944 million.
Aramex gets regulatory approvals to increase foreign ownership limit to 100%
The company has obtained necessary approvals from Securities and Commodities Authority and all other relevant regulatory authorities to raise the FOL.Multiply to invest in Borouge IPO
The company to make this investment at the final offer price set by Borouge.Al-Waleed to sell 16.87 percent of his firm to Saudi sovereign fund
The sale of 625 million shares of the Riyadh-headquartered Kingdom Holding Company is worth roughly $1.5 billion. The company owns the famed George V hotel in Paris and has a majority stake in The Savoy in London.Blue-chip shares surge as Wall Street stocks bounces back
Investors remain cautious as to whether China will ease its zero-Covid policy, which has added to the disruption of the world's supply chains.Emirates shares could be placed for IPO, says chairman
The flagship carrier’s chairman, Ahmed Al Maktoum was reported to have announced plans by Emirates to repay 15 billion dirhams ($4.1 billion) in pandemic-related support to the Dubai governmentAramco shares up 3 percent
Oil prices continue to spike, beefing up energy companies.Former tennis star jailed in Britain over bankruptcy
Former tennis star Boris Becker was on Friday jailed for two and a half years after being found guilty by a British court of charges relating to his 2017 bankruptcy.Amazon reports rare quarterly loss
The company warns of continuing challenges in the months ahead.Can Twitter become more profitable under Elon Musk?
Listed on the New York Stock Exchange for just under nine years, Twitter has posted a net loss every year, except 2018 and 2019 when it made a profit of just over $1 billion.Twitter shares rise on reports it will accept Musk takeover bid
The deal, which media outlets including The Wall Street Journal reported could be announced later in the day, would put the Tesla boss in charge of the influential social media site.Netflix reports subscriber drop
It ended Q1 2022 with fewer subscribers than Q4 2021.SIIG of Saudi Arabia to buy all shares of Petrochem
SIIG, also known as Saudi Industrial Investment Group, has obtained the approval to buy all shares of Petrochem.DEWA raises $6.1bn for GCC’s second-largest IPO
The Dubai Electricity and Water Authority said Wednesday it had raised $6.1 billion for the Gulf's second-largest IPO since 2019. Some nine billion shares will be listed from April 12 on the Dubai stock exchange, with the price set at $0.68.DEWA to increase shares for retail investors to 760 million
DEWA has decided to increase number of shares from 260 million to 760 million to be offered to retail investors in its Initial Public Offering (IPO).Amak of KSA sees 30% jump in shares on first trading day
Shares of Saudi mining firm Amak surged 30 percent on its debut on the kingdom's main stock exchange.ADH invests $100m in DEWA
Abu Dhabi-based Alpha Dhabi Holding is a subsidiary of the IHC.DEWA prices shares AED2.25-2.48 in Dubai’s biggest IPO since 2017
The IPO size implies a market capitalization at listing of between $30.63 billion and $33.76 billion, which would make DEWA, the exclusive provider of electricity and potable water in Dubai, as the largest company on the Dubai Financial Market by market capitalization.Tabreed to pay highest ever dividend
The payout will be in the form of cash and bonus shares.Dubai to list DEWA in the biggest IPO by April
In a first, the state-owned DEWA will be listed on the Dubai Financial Market by April as part of Dubai's drive to list ten companies in an attempt to revive the stock market.Al-Dawaa starts trading on TASI
The pharmacy chain operator collected $500 million from shares buyers.India Paytm shares crash on news of regulatory ban, CEO arrest
Paytm shares nosedived 13 percent Monday after Indian regulators banned the beleaguered payments platform from enrolling new customers and reports its founder was arrested for crashing into a police car.Aramco shares hit record high on the back of high oil prices
Saudi energy giant Aramco's shares rose to a record high on Wednesday amid a surge in global oil prices following Russia's invasion of Ukraine. The Gulf kingdom -- the world's top crude exporter -- has remained the firm's majority shareholder since a December 11, 2019 listing.Amiantit appoints new CEO
Feras Bin Ghassab Al-Harbi has held several leadership positions.Tibbiyah closes IPO at $22 million
Fully owned by Al Faisaliah Group, Tibbiyah is a leading healthcare provider in Saudi Arabia and the region.Alibaba shares slump 5%
The drop followed reports that the Ant Group was being probed.Aramco stock rises 4%
Recently, a 4% stake of the oil giant had been transferred to PIF in an $80bn deal.UAE to allow cooperative associations to trade in markets
The UAE has announced that it will allow cooperative associations to trade their shares in financial markets, according to media reports.Saudi crown prince transfer 4% Aramco shares to PIF
The transfer was part of Saudi Arabia’s long-term strategy to support the restructuring of its economy, in line with Vision 2030.Al Seer Marine invests in AD Ports
With an investment of $326m, Al Seer now owns 7.36 percent of AD Ports.Spotify posts $44.1m loss
The company reported a loss of $44.1 million in Q4 2021.Evergrande undergoes rejig
A state firm official was appointed to the Chinese firm’s board.Tibbiyah of Saudi Arabia to offer 5m shares through IPO
Tibbiyah of Saudi Arabia that also goes by the name of the Arabian International Healthcare Holding will offer 5 million ordinary shares — 25 percent of its $53.29 million capital.Gulf Navigation to issue $41m bonds
The company is calling a meeting of all stakeholders for this.KNPC warns people not to fall for ‘dubious’ online ads
Kuwait National Petroleum Company (KNPC) has denied offering shares for trading, warning social media users not to believe in some "dubious" online advertisements illegally using the company's name.Tadawul shares set to trade, after huge investor interest
After evoking a huge interest in investors, shares of Tadawul group will begin trading on the main market on Wednesday, Dec. 8.New Covid-19 variant spooks global markets
Firms linked to travel were among the worst affected as investors fretted over the possibility of more government-mandated restrictions.Elon Musk loses $50 billion as Tesla shares fall for third day
Elon Musk, the CEO of Tesla lost $50 billion in two days as shares of Tesla fell for the third consecutive day. According to Bloomberg Billionaires Index, this is the biggest two-day fall in its history, leaving the worth of Musk at $323 billion. The heavy loss occurred as Tesla’s...Elon Musk to sell 10% of Tesla stock after Twitter poll
Musk owned about 17 percent of Tesla's outstanding shares as of June 30, currently worth $208.37 billion. His wealth swelled with the recent surge in Tesla's stock price. By selling 10 percent of his shares, he could theoretically earn just under $21 billion. His wealth swelled with the recent surge...Three Saudi companies to offer nine million shares in IPO
Three Saudi private companies will go public, offering around nine million shares in IPOs, according to the Saudi Exchange market (Tadawul).Evergrande shares rise
The Chinese firm has restarted work on 10 projects.ACWA Power to enter Saudi Arabia’s main market from Oct. 18
Riyad-based ACWA Power will enter Saudi Arabia’s main market from the start of trading on Oct.18 and also join the Utilities Industry Group Index, Tadawul announced on Tuesday. ACWA, in which the kingdom's largest sovereign wealth fund, the Public Investment Fund, owns nearly half the stake, saw its shares jump...Arkan-Emirates Steel merger complete
The merger creates the UAE’s largest steel and building material company.Shareholders of Jeddah’s International Medical Center to sell shares in an IPO
Fitaihi Holding Group, which owns part of IMC, has declared that it intends to sell the hospital’s shares in a public offering, following the company’s exit from Dubai’s Amanat.ADNOC Drilling starts trading on ADX
It will start trading under the symbol ADNOCDRILL.East Pipes Integrated plans IPO
The Saudi Arabia-based company gets approval to float 6.3 million shares.ADNOC Drilling IPO raises $1.1bn
The UAE's state oil giant will be listed on ADX on October 3.PIF acquires 25 percent stake in EEC
Under the deal, EEC transferred part of its loan to PIF in exchange for company shares.UAE’s ADNOC Drilling to list on Abu Dhabi Securities Exchange
ADNOC Drilling will list on Abu Dhabi Securities Exchange on October 3. The company will list under the trading symbol ADNOCDRILL.Al Mazaya’s subsidiary to sell Saudi firm stake
First Dubai Real Estate Development Co. board cleared the $51.4m deal.Adnoc Drilling IPO increased
Adnoc Drilling will list on the ADX on or around October 3.