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Business, Uncategorized

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

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Yalla Group Q1 revenue $83m

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Qatar Airways annual profit $2bn

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Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

APICO to list on Nomu

Established in 1996, APICO serves customers across different sectors. (APICO)
By TRENDS Desk
September 19, 2022 10:52 am
  • According to a bourse filing, the offering coverage was 15.43x of the total shares offered during the subscription period
  • Yaqeen Capital, the financial adviser and lead manager, will finalize the required procedures with the Saudi Stock Exchange and will determine the date for listing of the shares

Riyadh, Saudi Arabia—Arabian Plastic industrial Co. will offer 1 million shares, or 20 percent of its valuation, through an initial public offering at $7.19 per share.

According to a bourse filing, the offering coverage was 15.43x of the total shares offered during the subscription period.

Yaqeen Capital, the financial adviser and lead manager, will finalize the required procedures with the Saudi Stock Exchange and will determine the date for listing of the shares of APICO on the parallel market, Nomu.

Established in 1996, APICO serves customers across different sectors, including but not limited to Almarai Co., flynas, TotalEnergies, and Nahdi Medical Co.

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