RIYADH: Upon completion of last week’s episode of IPOs and dividends, the Saudi stock market soared to end the trading week higher, which was offset by a fall in the previous trading session in line with Gulf indexes. A series of initial public offerings, dividend announcements, and coronavirus cases have been the main drivers of the Kingdom’s bourse as it approaches the end
RIYADH: Saudi bourse’s main stock index, TASI, surged this morning amid a tsunami of initial public offerings that may continue to the end of the year. TASI went up by 0.57 percent to 11,267 points at 11:20 a.m. Riyadh time, partly recouping last trading session’s losses. The parallel market Nomu rose by 0.49 percent to 26,538 points. Saudi Capital Market Authority approved
RIYADH: Saudi Arabia is still seeing a tsunami of initial public offerings with yesterday's latest round of approvals for companies to sell shares to the public. The Capital Market Authority approved on Wednesday the offering of 70.3 million shares, the market regulator revealed. The approvals were led by Public Investment Fund's fully owned Elm Co. that got the OK to sell 24
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