RIYADH: Saudi Arabia’s stock market wrapped its third straight day in green on Tuesday, despite ongoing concerns over inflation and a potential global economic slowdown. TASI, as the main index is known, was up 1.8 percent to 11,680, and the parallel Nomu market advanced by 0.5 percent to close at 20,816. Gulf markets rebounded in line with Saudi Arabia, with Abu Dhabi, Dubai,
RIYADH: Saudi Arabia’s stock market closed the previous week at one of its lowest levels in years on the back of rising recession fears. TASI, the main index, ended Thursday’s session 1.1 percent lower at 11,163 points, after closing at 11,417 prior to the Eid Al-Adha holiday. Elsewhere in the Gulf, Abu Dhabi, Dubai, and Oman advanced by 0.9, 1.3 and 0.7 percent, respectively,
RIYADH: Naqi Water Co. has set its initial public offering price range at SR65-69 ($17-18) as it opened for investors on Sunday. The Saudi-based bottled mineral water producer earlier said it will float a 30-percent stake, or 6 million shares, on Tadawul’s main TASI market. Participating entities will be allocated all offered shares and the book-building period will run for
RIYADH: Naqi Water Co. said it intends to proceed with an initial public offering of a 30 percent stake on Saudi Exchange’s main market. The Saudi-based bottled mineral water producer is looking to float 6 million shares of its SR200 million ($53.3 million) capital, according to a statement. Participating entities will be allocated all offered shares, and retail investors will
RIYADH: Saudi mineral water brand Naqi Water Co. has received the necessary regulatory approval to go ahead with its initial public offering on the Kingdom’s stock exchange. The resolution for releasing six million shares through IPO was issued by the Saudi stock market regulator Capital Market Authority in a statement on Wednesday. Naqi Water is looking to float a 30-percent