Arabian Drilling to pay $60m dividend
The firm said the total dividend for 2023 will be S120 million.
Tadawul market cap vaults
Its value is $2.8trn in the first nine months of the year.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.Al-Ittefaq plans an IPO
The $2bn worth Saudi steel giant will list on Tadawul.Dallah reports 52% profit rise
The healthcare company saw its profit vault to $40m in H1.Tadawul posts 23% fall in profit
The profit fell to $74 million in H1 in a year of record listings.Dubai Clear and Muqassa to cooperate in central clearing services
Dubai Clear, a subsidiary of the Dubai Financial Market (DFM), and the Securities Clearing Centre Company "Muqassa", a subsidiary of Saudi's Tadawul Group, will create a framework to strengthen collaboration and share knowledge on central clearing services as well as to actively explore ways of enhancing these services in line...Salama Coop Insurance to cut capital
The company’s shares will also reduce from 25 million to 10 million.Tadawul launches single-stock futures trading
Tadawul has posted more than 30 trades in single-stock futures on its launch as Aramco and Saudi Telecom Co. led the trading.UAE, KSA bourses to stay range-bound until 2022-end
The volatility in oil prices will affect the markets. If there is a higher-than-expected decline, the markets may feel the heat, Junaid Ansari of Kamco Invest tells TRENDS.GCC stock exchanges witness a mixed week
The main Saudi index had a variable week, the Abu Dhabi exchange suffered a slight decline, while, the main index in Dubai closed unchanged.Tadawul sets up SAC
The stock exchange established Shariah Advisory Committee.SHL of KSA to be on bourse
Saudi Home Loans to trade on Tadawul from April 20.GCC exchanges recoup their losses
From the UAE to Saudi Arabia, the main indexes made up for their losses as the week came to a close.Tadawul bars three firms from trading in shares
Tadawul, the Saudi stock exchange, has barred three companies from trading in shares over their failure to issue financial statements for 2021.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.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.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.Tadawul approves listing of SAR 2.8bn debt instruments
The debt instruments are issued by the Saudi government and submitted by the Ministry of Finance.TASI rises for 10th session, UAE bourses fluctuate
The surge in oil prices fueled the start of the week's high for the Saudi stock market, while the UAE indices fluctuated throughout the week.Saudi index shines, UAE stocks ripple
Global cues and local developments could not dampen the overall improvement.Al Arabia of KSA sets up a joint stock firm in Egypt
Al Arabia also known Arabian Contracting Services Co., has set up a joint stock company in Egypt with United Media Services Company, marking its first partnership outside the kingdom.Saudi markets rocky, Abu Dhabi index loses ground
The Saudi and Abu Dhabi indices saw a choppy week, while the Dubai markets saw some good gains.Saudi Arabia, Oman ink 13 business deals
The deals were inked by Oman Investment Authority firms with Saudi counterparts as Saudi Crown Prince Mohammed bin Salman visited.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.Global ripples await MidEast markets on Sunday
Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday.Tadawul looks to raise $1bn from its IPO
Tadawul is looking to raise up to $1 billion from its initial public offering (IPO), after setting the price range per share between SR95 and SR105.Nayifat Finance to trade on Tadawul
Nayifat Finance Company (NFC) will start trading on Tadawul on November 22, according to a Saudi Exchange filing.Tadawul bars Anaam Holding from trading for one day
Tadawul, the Saudi Exchange, has barred Anaam International Holding Group from trading for one day, after an adverse comment in auditor’s report against the company.Saudi stock market larger than kingdom’s economy: CMA head
The Saudi stock market is now larger than the Kingdom's entire economy — even without taking Aramco into consideration, the Capital Market Authority (CMA) chairman has said.Tadawul of Saudi Arabia to list its IPO on the bourse
Tadawul, the owner of Saudi Arabia's stock exchange, will proceed with its initial public offering (IPO) and list the shares on the bourse.Herfy Foods appoints new CEO
Saudi Arabia’s Herfy Food Services Company (Herfy Foods) has appointed Sam Bader as CEO, after he served as acting CEO.Al Babtain to procure SAR 250m loan
The facility will be provided through Murabaha modeBanan to distribute cash dividends
The shareholders will get dividends for the period ending June 30.Tasi, the Tadawul All Share Index, vaults 0.4% to go past 11,800
The Tadawul All Share Index, TASI, vaulted 0.4 percent to surge past the 11,800 point level in early trade today.Jarir posts $194m net profit in nine months
Q3 net profit surges 44 percent compared to Q2.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...ACWA Power listed on Saudi bourse
ACWA Power shares can be traded on Tadawul from Monday.Outdoor ad firm Al Arabiya announces IPO
The company expects to sell 30 percent of its shares in the offering.Anaam land sale nets $22.6m
The transaction will be reflected on Anaam’s Q3 financial results.Wataniya Insurance to raise $53.3m through a rights issue
Wataniya Insurance Company’s board of directors has recommended to increase the company’s capital through a $53.3 million rights issue, according to a bourse filing.UCAC gets nod to amend insurance practice
The company had sought Saudi Central Bank's approval for the amendment.Saudi Arabia’s ACWA Power plans $1bn IPO
The Saudi utility developer -- half-owned by the the Kingdom's Public Investment Fund, plans to issue 85.3 million shares -- representing 11.67% of the firm after a capital increase.ADX is the least expensive equity market in MENA
ADX has plans to get at least 10 companies as well as additional services such as derivatives trading by the end of 2021Tadawul in deal with SIX Group
The two will deal in Exchange products like cross listing & facilitate investors.Saudi Arabia prods tech, industrial firms to list on Tadawul
Industrial companies to be given help in procuring land and factories In May, the kingdom issued 59 new industrial licenses to companies with a capital of $141.8m In order to prod more firms in Saudi Arabia to list on Tadawul, the Saudi Authority for Industrial Cities and Technology Zones (MODON)...Saudi bourse’s 2020 net profit surged ahead of listing
Tadawaul Group also said revenue more than doubled It posted a profit after zakat of $133.5 million Saudi Tadawul Group, the owner and operator of the country’s stock market, said its net profit rose 227 percent in 2020 from a year earlier, while revenue more than doubled with a boost...Bahrain’s Batelco mulls Saudi listing
In case of Saudi listing, Batelco will become the first company to have a dual listing of shares on the Saudi Stock Exchange (Tadawul) and the Bahrain Bourse According to a Bloomberg report quoting sources, Batelco has hired the investment arm of Samba Financial Group as an adviser for the...Saudi stocks lead GCC region in losses
Tadawul All Share Index (TASI) loses 62.37 points and drops as much as 0.57% Trading valued amounted to around US$3.08 billion after exchanging 342.02 million shares Barring Qatar Stock market in the region which closed higher, Saudi Arabia’s Tadawul All Share Index (TASI) led losses in the GCC dropping as...Bahrain’s Batelco looks to dual list on Tadawul, could be first to do so
Bahrain’s biggest telecommunications firm has hired the investment arm of Samba Tadawul has been trying to encourage Middle Eastern firms to dual list for years, without success Although the final decision has not been yet taken about the listing of the company on Tadawul, but if it gets...