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Gulf startups Credable, LandVault, Estater, Aumet raise funds this week

With fintech and sustainability driving the funding activity in the Middle East, the week saw key deals being struck in the startup space ranging from ..

United arab emiratesAr riyaSaudi arabiaAl qahirahAshraf samhouriJamal abu samraMohammad issaNadeem jumaYahya aqelSanjay goyalDilasha sethTariq khaderHamad ali sagriMichael tarimoMahmoud aljarrahInvestment in fintech vc fund

Saudi market regulator approves Aramco s capital hike to $24bln via bonus issue

Saudi market regulator approves Aramco s capital hike to $24bln via bonus issue
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Saudi Arabian auto rental firm Lumi hires banks for planned IPO

The Middle East has been a bright spot for stock market listings in 2022.

Ar riyaSaudi arabiaAsh sharqiyahSaudi arabianAbu dhabiLumi rental companyAbraj energySaudi arabia capital market authorityGlasgow research consultingSaudi fransi capitalCapital market authoritySaudi fransiGlasgow researchMiddle east

Saudi Arabia s Seera Seeks IPO for Car Rental Firm Lumi

Saudi Arabian auto rental firm Lumi plans to sell 30 percent of its shares in a planned initial public offering.

Ar riyaSaudi arabiaAsh sharqiyahSaudi arabianAbu dhabiSaudi arabia capital market authorityAbraj energyLumi rental companyGlasgow research consultingSaudi fransi capitalCapital market authoritySaudi fransiGlasgow researchMiddle east

Closing bell: Saudi stock market cap up 2 7% in March to $2 66tn

RIYADH: The total equity market capitalization of Saudi Arabia’s stock exchange, also known as Tadawul, rose by 2.7 percent month-on-month in March to SR9.98 trillion ($2.66 trillion). In its statistical report for the first quarter of 2023, Tadawul revealed that foreign investors’ ownership accounted for 3.47 percent of the exchange’s total market capitalization. The market

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