RIYADH: Saudi construction firm Ladun Investment Co. will start trading its shares on the Kingdom’s parallel Nomu market on June 14, a bourse filing revealed. This comes after the company’s initial public offering was priced at SR18 ($4.8) per share, with 20.97 times oversubscription. The Riyadh-based firm sold 5 million shares, representing 10 percent of its capital. Yaqeen
RIYADH: The initial public offering of Ladun Investment Co. has been priced at SR18 ($4.8) per share after the offering was oversubscribed by 20.97 times. Yaqeen Capital, the financial advisor and lead manager for the offering, will determine the date of the company’s listing on the parallel market, Nomu, it said in a bourse filing. Based in Riyadh, Ladun is part of the
RIYADH: Saudi Arabia’s main stock market notched its second day of gains on Wednesday, after listed companies concluded a strong earnings season. TASI surged 2.3 percent to close at 12,588, whereas the parallel market Nomu slipped 1 percent to 22,020. TASI led the gains in the Gulf, followed by Abu Dhabi’s stock market with a 0.9 percent gain and Kuwait’s BKP, up 0.6 percent.
RIYADH: Saudi stocks closed higher on Tuesday, bucking the downward trend in most Middle Eastern and global markets. TASI rebounded from three days of losses to advance 0.5 percent to 12,300, while the parallel market Nomu lost 0.5 percent to 22,251. Stock exchanges of Abu Dhabi, Kuwait, Dubai, and Egypt dropped 2.5, 2.2, 1.5, and 1 percent, respectively. While those of Qatar,
RIYADH: Saudi Arabia’s main stock market ended Monday with another steep decline, as concerns over the global economy and mixed earnings reports tempered investor optimism. TASI lost 0.8 percent to 12,235, while the parallel market Nomu added 0.15 percent to 22,363. Dubai’s stock market led the fall in the Gulf as it shed 2.5 percent, followed by indexes of Abu Dhabi and