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TASI closes down 2.7% points: Market wrap

RIYADH: The Saudi stock market ended the session on Monday, down 2.7 percent or 314 points, to close at 11,172 points. Today’s decline is the largest in percentage terms and points since October 2020, when the market fell by 4.1 percent and 351 points. It follows yesterday’s fall after 14 drone attacks by Houthis in Yemen on a number of Saudi cities and Aramco facilities. Some ....

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Nayifat to begin trading on Tadawul on Nov. 22

Nayifat to begin trading on Tadawul on Nov. 22
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Nayifat to begin trading on Saudi's Tadawul on November 22

Nayifat to begin trading on Saudi's Tadawul on November 22
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Nayifat Finance IPO 136 times oversubscribed with share price at $9

RIYADH: Nayifat Finance Co. (NFC) completed the institutional book-building process for its planned IPO, according to a bourse filing. Coverage was 136 times of total offered shares, while the final offer price was set at SR34 ($9) per share, HSBC Saudi Arabia announced on Saudi Stock Exchange (Tadawul). Nayifat announced earlier it plans to offer 35 million shares for IPO, ....

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