RIYADH: Arabian Plastic Industrial Co.’s initial public offering price range has been set at SR24-27 ($6.4-7.2) per share as it kicks off the book-building period on Sunday. The book-building process for qualified investors will be led by Yaqeen Capital and shall end on Sept. 13, according to a bourse filing. APICO is offering 20 percent of its capital, representing one
RIYADH: Arabian Plastic Industrial Co., which is in the process of joining the Saudi stock exchange, has reported a 29 percent profit increase for 2021. The Jeddah-based plastic manufacturer made SR7.8 million in profit and SR117 million worth of revenues during the year, Argaam reported. A day earlier, APICO said it will proceed with an initial public offering of 20 percent
RIYADH: Arabian Plastic Industrial Co., a Jeddah-based plastic manufacturer, said it intends to proceed with an initial public offering on the Saudi Exchange. The company seeks to offer 20 percent of its capital, representing 1 million shares, on the Kingdom’s parallel Nomu market, Yaqeen Capital said in a bourse filing. Led by Yaqeen Capital, the book-building period will
RIYADH: Saudi stocks declined in last week’s final session in line with most Gulf peers, as oil prices continued to fluctuate. The main TASI index finished 0.2 percent lower at 12,621, while the parallel Nomu market edged up 0.2 percent to 21,574. Abu Dhabi, Dubai, Bahrain, and Oman all lost between 0.1 and 1.5 percent, while Qatar and Kuwait bucked the trend to close 0.2
RIYADH: Saudi Arabian stocks gained on Wednesday, supported by a rise in oil prices despite ongoing concerns over a potential global recession. The main index TASI advanced 0.5 percent to reach 11,727, while the parallel market, Nomu, added 1.8 percent to 20,728. TASI was lifted by a 0.9 percent rise in oil giant Aramco and a 2.9 percent surge in the Kingdom’s biggest lender