RIYADH: Saudi Arabia’s Tadawul All Share Index rose 89.56 points or 0.84 percent on Thursday to close at 10,051.78, led by sustained buying in all large-cap stocks. The Banking Index moved up 1.63 points to 10,714.58, led by about a 3 to 3.5 percent increase in the share prices of Banque Saudi Fransi, Saudi British Bank, Alinma Bank and Arab National Bank. TASI’s total
Though Pittsburgh has bragging rights when it comes to pro sports championships, the speculation has it the Steel City has a deep-rooted resentment of all things Philadelphia because Philly is a bigger and, arguably, more influential city. Whether that’s on the mark or not, for whatever reason most Pittsburghers can’t
RIYADH: The Power and Utility Co. for Jubail and Yanbu, known as Marafiq, completed its retail offering with 632 percent oversubscription, the initial public offering financial advisors, HSBC Saudi Arabia and Riyad Capital, said. The firm attracted total orders of nearly SR6.37 billion ($1.7 billion). A minimum of 10 shares were allocated per individual subscriber, while the
RIYADH: Saudi utility firm Marafiq’s initial public offering has seen strong demand, recording 59 percent oversubscription in the book-building period. With a share price of SR46 ($12), the subscription period took place for five days starting Oct. 9, the financial advisor of the offer, HSBC Saudi Arabia, and Riyad Capital, said in a filing. The Individual Investors tranche