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Saudi market regulator approves Nomu listing of Leen Alkhair, Meshkati Trading

RIYADH: Saudi Arabia’s Capital Market Authority has given its approval for initial public offerings by two companies seeking to join the Kingdom’s Parallel market. Leen Alkhair Trading Co. has received approval to register and offer 23.5 percent of its total capital, equivalent to 958,750 shares, the Saudi market regulator said in a statement. Leen Alkhair specializes in ....

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Here's what you need to know before Tadawul trading on Thursday

RIYADH: Saudi Arabia’s main index ended higher for a second session following a sharp drop earlier in the week sparked by economic concerns. The Tadawul All-Share Index rose 1.39 percent to reach 11,120 at the end of Wednesday, while the parallel market Nomu rose 1 percent to 19,916. Abu Dhabi’s main followed the Saudi trend to close 0.4 percent up to 9,740 on Wednesday. In a ....

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