Closing Bell: Saudi main index rises to close at 12,145 arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Saudi Arabia’s Capital Market Forum held in Riyadh witnessed three memorandums of understanding being signed between local and international companies on its second day. The first MoU was signed by Saudi Tadawul Group and Clarity AI, an artificial intelligence-powered platform that empowers assessment and reporting for businesses. The partnership between the two
RIYADH: Walaa Cooperative Insurance Co. has completed its merger deal with SABB Takaful Co. after listing the consideration shares to SABB Takaful entitled shareholders, according to a bourse filing. The merger was conducted through a share swap, where Walaa issued 0.6 shares against each share issued by SABB Takaful. SABB Takaful shareholders listed at the Securities
RIYADH: Saudi Tadawul Group, the holding company behind the Kingdom’s stock exchange, on Wednesday announced it has appointed NCB Capital, JP Morgan, and Citigroup as financial advisors and global coordinators for its initial public offering (IPO) planned for later this year.
“The IPO will provide an important strategic dimension to realize the group’s expansion plans, strengthen its position globally, and align its growth objectives with the Public Investment Fund’s strategy to boost the economic transformation of Saudi Arabia,” the Saudi Tadawul Group said in a press statement.
Earlier this month, the Tadawul stock exchange announced it had become a holding company under the name Saudi Tadawul Group, with four subsidiaries. The four new Saudi Tadawul Group companies are Saudi Exchange (Tadawul), Securities Clearing Center Co. (Muqassa), Securities Depository Center Co. (Edaa) and a new company, Wamid.
The Saudi Stock Exchange is ready for the IPO zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.