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Acwa Power shares up 30pc on big Saudi market debut

Saudi Arabia s Acwa Power, a leader in power generation and water desalination plants, today saw its share value jump 30 per cent on its market debut after a $1.2 billion IPO, the kingdom s biggest since Aramco s massive public offering two years back.
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Acwa Power shares up 30pc on big Saudi market debut

Saudi Arabia s Acwa Power, a leader in power generation and water desalination plants, today saw its share value jump 30 per cent on its market debut after a $1.2 billion IPO, the kingdom s biggest since Aramco s massive public offering two years back.
....

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Saudi Tadawul becomes holding group; first step towards IPO


Saudi Tadawul becomes holding group; first step towards IPO
RIYADH, 5 hours, 4 minutes
ago
The Saudi Stock Exchange (Tadawul) has announced its transformation into a holding group structure and reinforcing its capabilities in technology innovation by launching a dedicated applied technology solutions company, Wamid.
 
This transformation marks a new chapter in the group s history and signals its readiness for the IPO in 2021.  
 
Announcing the launch of Saudi Tadawul Group today (April 7), the Saudi bourse said it will become the parent company with a portfolio of four subsidiaries: Saudi Exchange, a dedicated bourse business (previously known as the Saudi Stock Exchange Company - Tadawul), the Securities Clearing Center Company (Muqassa), the Securities Depository Center Company (Edaa) and Wamid – a new innovative applied technology services business, focused on providing innovation and nascent technologies within the Saudi economy through ....

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Saudi National Grain Company appoints new board members


Saudi National Grain Company appoints new board members
RIYADH, 22 days
ago
The National Grain Company (NGC), a strategic partnership between Saudi Agricultural and Livestock Investment Company (Salic) and Bahri, a global leader in logistics and transportation, has announced the appointment of its first board of directors.
 
Nasser Abdulrahman Alissa has been elected as the first chairman of the board for a three-year term, while Bahri CEO Engineer Abdullah Aldubaikhi was named the vice-chairman. Fayez Al Asmari and Faisal Almangour were named the new board members at the company s inaugural shareholders meeting held at the Bahri head office in Riyadh.
 
The meeting saw the subscribers verifying the full subscription of the National Grain Company’s shares and the fulfilment of the minimum capital, in addition to approving the final provisions of the company’s foundation system.  ....

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