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Saudi Exchange/Tadawul News

King Abdullah Financial District in Riyadh. The Saudi stock market is down almost 4 percent this year

Paper firm plans first Saudi IPO since global stock rout

Saudi Arabia’s United Carton Industries Company (UCIC), the largest paper packaging company in the Middle East by sales, plans to sell shares to the public to fund expansion. This is the first Saudi announcement of a planned IPO on the Saudi Exchange’s main market since a rout in global markets following Donald Trump’s near tripling […]

A Saudi farmer in a coffee plantation. Saudi chain Barn's launched in 1992 and operates 850 coffee shops in the Middle East, with 600 in the kingdom

Saudi coffee chain Barn’s plans IPO on Tadawul

Barn’s, a homegrown Saudi coffee chain, is planning an initial public offering (IPO) on the Tadawul stock exchange, with an aim to generate funds to finance Middle East expansion. It is working with Saudi regulator Capital Market Authority to meet the IPO criteria and appoint bankers for the potential offering, Bloomberg reported, citing CEO Mohammed […]

The CMA says Spacs would enable investments in unlisted companies that were previously difficult to access directly, but they provide less information to investors

Special purpose companies proposed to boost Saudi IPOs

Consultations on introducing special purpose acquisition companies to the Saudi stock exchange’s junior market in an effort to encourage initial public offerings and listings have been announced by Saudi Arabia’s Capital Markets Authority regulator. A special purpose acquisition company, or Spac, is formed to raise money through an IPO, with the funds then used to […]

The discoveries will strengthen Saudi Arabia's ability to meet both domestic and global energy demand for decades, said energy minister Prince Abdulaziz bin Salman

Saudi Aramco discovers 14 new oil and gas fields

Saudi Aramco, the state-controlled oil major, has discovered 14 oil and natural gas fields and reservoirs in the Eastern Region and the Empty Quarter, according to Prince Abdulaziz bin Salman, the energy minister. The discoveries include six fields and two reservoirs of oil, as well as two fields and four reservoirs of natural gas, state-run SPA news […]

Saudi Aramco has signed an agreement with Sinopec and Yasref for petrochemical expansion

Aramco and Sinopec move ahead with petrochemical expansion

Saudi Aramco says it has signed an agreement to move forward with expanding a petrochemical complex on the west coast of Saudi Arabia. The oil major, which trades on the Saudi stock exchange, has signed a venture framework agreement with China Petroleum & Chemical Corporation (Sinopec) and Yanbu Aramco Sinopec Refining Company (Yasref) to carry out engineering […]

Saudi Aramco will purchase 1.2 mtpa of LNG  from NextDecade's Rio Grande facility in Texas

Aramco finalises 20-year LNG supply from the US  

Saudi Aramco has signed a 20-year liquefied natural gas (LNG) purchase agreement with Houston-headquartered producer NextDecade. The Saudi energy major will purchase 1.2 million tonnes per annum (mtpa) of LNG on a free-on-board basis from NextDecade’s Rio Grande facility at the Port of Brownsville, Texas, the US company said in a statement. The Rio Grande facility […]

Stock market volatility following President Trump's widespread tariffs is likely to delay the launch of IPOs in the Gulf

Global stock market dive likely to delay Gulf IPOs

Steep declines in stock markets since President Donald Trump set out sweeping tariffs will almost certainly delay initial public offerings in the Gulf, analysts have told AGBI. Markets around the world have tumbled since the US president announced his plans for import taxes last Wednesday. Saudi Arabia’s Tadawul All-Share Index had its biggest one-day fall […]

Traders on the floor of the New York Stock Exchange on Friday. Markets around the world have been rocked by Trump's tariffs

Aramco losses mirror wider Saudi stock plunge

The Saudi stock market opened at more than 2 percent lower on Monday to a 17-month low, following its biggest single one-day drop since the 2008 financial crisis. The Tadawul All Share Index (Tasi) tumbled by about 1,025 points or 8.6 percent following US President Donald Trump’s announcement last week of a minimum 10 percent […]

SMC intends to open three moree hospitals in Riyadh, which will become operational before 2029

Hospital operator SMC given approval for Saudi IPO

Specialized Medical Company (SMC), which operates two hospitals in Riyadh, has received approval from Saudi Arabia’s Capital Markets Authority to launch an initial public offering (IPO). The announcement allows SMC to issue 75,000 shares, representing 30 percent of its share capital. No further details about the listing were released. SMC’s CEO, Bassam Chahine, told AGBI […]

Nomu, which means 'growth' in Arabic, has become a platform for small and medium sized companies to scale up

Junior Saudi market considers easing investor requirements

Saudi Arabia’s Capital Markets Authority has proposed reforms to broaden the investor base of the kingdom’s junior stock market in an attempt to increase liquidity. The changes relax the requirements to register as a “qualified investor” on Nomu, the parallel alternative to the Tadawul, and extend this designation to board and committee members of listed […]