Company Insights Saudi Exchange/Tadawul Finance Saudi Exchange/Tadawul News Markets More dual listings expected as IPO trend continues Last year, eight companies launched initial public offerings (IPO) on the two main stock exchanges in the UAE, attracting more than $7 billion in investment. The same number could float this year and list in neighbouring Saudi Arabia, analysts say. UAE-based technology company Alpha Data has already announced plans to list 40 percent of its […] February 20, 2025 Energy Saudi Aramco re-enters Philippines after 17 years Saudi Aramco, which trades on the Saudi Exchange (Tadawul), will acquire a 25 percent stake in the third-largest petroleum company in the Philippines, as part of a retail network-building strategy, the company said in a statement. The Saudi major’s proposed purchase of the stake in Unioil is subject to regulatory approvals, the company said. The […] February 20, 2025 Renewable Energy Acwa Power to build 2GW wind power project in Egypt Saudi renewables major Acwa Power will build, own and operate a 2-gigawatt (GW) wind power generation plant in South Hurghada, Egypt, typically enough to power nearly 2 million homes. The company, which is listed on the Saudi stock exchange, signed a 25-year power purchase agreement (PPA) with the state-run Egyptian Electricity Transmission Company for the SAR8.6 […] February 19, 2025 Real Estate Dar Al Arkan wins $1bn Jeddah real estate deal A consortium including the Saudi construction company Dar Al Arkan Real Estate Development has been awarded a deal worth SAR4.46 billion ($1.2 billion) covering a square kilometre of land in Jeddah. The consortium includes the real estate investment company Kenzi Al Arabiya and a group of investors, according to a statement filed to Tadawul, the […] February 17, 2025 Markets Mecca project developer targets $533m from Saudi listing Umm Al Qura for Development and Construction (Umm Al Qura), the developer of Masar, a mixed-use project in Mecca, expects to raise between SAR1.8 and SAR2 billion ($480-$533 million) through an initial public offering (IPO) on the Saudi stock exchange. The company has set the IPO price range between SAR14 and SAR15 per share. This month […] February 17, 2025 Mining Ma’aden aims to be world’s most valuable mining company Saudi Arabia’s majority state-owned Ma’aden aims to grow ten-fold by 2040 to become the world’s most valuable mining company by market capitalisation, its CEO said. The country is accelerating development of its copper and other mineral resources, estimated to be worth as much as $2.5 trillion. “I can tell you, the minerals are here,” Ma’aden […] February 12, 2025 Food & Drink Americana Restaurants profit rises as Gaza boycott eases Americana Restaurants, the largest food service business in the Middle East and North Africa, said profit rose in the fourth quarter as a consumer boycott that is related to the Gaza conflict eased. Net income in the three months to December 31 rose 26 percent to $41 million, compared with $32 million in the same […] February 12, 2025 Finance Tabby hires three global banks for Saudi listing Tabby, the buy-now-pay-later startup backed by Abu Dhabi sovereign wealth fund Mubadala, has appointed three global banks to oversee its potential initial public offering (IPO) on the Saudi stock exchange. The company has brought in HSBC Holdings, JPMorgan Chase. and Morgan Stanley to finalise the flotation process, Bloomberg reported, citing informed sources. The plans are still in the early […] February 11, 2025 Markets IPO for Saudi poultry producer Entaj off to a flying start The initial public offering (IPO) of Saudi Arabian poultry producer Entaj is already oversubscribed, barely 24 hours after the book-building exercise began. Starting the exercise on Sunday and pricing the shares at between SAR46 and SAR50 each, the books were covered “within hours”, CEO Raja Alharbi told AGBI. The IPO could raise more than SAR450 […] February 10, 2025 Agriculture Poultry firm Balady to boost Saudi output by 200m chicks a year Saudi Arabia’s Balady Poultry Company is to invest SAR1.14 billion ($303 million) over five years to expand its business. The plans involve establishing two hatcheries with a combined capacity of 200 million chicks a year. In a statement to the Saudi stock exchange, Balady said it aims to establish a facility with the capacity to […] February 7, 2025 Posts navigation Previous 1 … 3 4 5 … 8 Next
Markets More dual listings expected as IPO trend continues Last year, eight companies launched initial public offerings (IPO) on the two main stock exchanges in the UAE, attracting more than $7 billion in investment. The same number could float this year and list in neighbouring Saudi Arabia, analysts say. UAE-based technology company Alpha Data has already announced plans to list 40 percent of its […] February 20, 2025
Energy Saudi Aramco re-enters Philippines after 17 years Saudi Aramco, which trades on the Saudi Exchange (Tadawul), will acquire a 25 percent stake in the third-largest petroleum company in the Philippines, as part of a retail network-building strategy, the company said in a statement. The Saudi major’s proposed purchase of the stake in Unioil is subject to regulatory approvals, the company said. The […] February 20, 2025
Renewable Energy Acwa Power to build 2GW wind power project in Egypt Saudi renewables major Acwa Power will build, own and operate a 2-gigawatt (GW) wind power generation plant in South Hurghada, Egypt, typically enough to power nearly 2 million homes. The company, which is listed on the Saudi stock exchange, signed a 25-year power purchase agreement (PPA) with the state-run Egyptian Electricity Transmission Company for the SAR8.6 […] February 19, 2025
Real Estate Dar Al Arkan wins $1bn Jeddah real estate deal A consortium including the Saudi construction company Dar Al Arkan Real Estate Development has been awarded a deal worth SAR4.46 billion ($1.2 billion) covering a square kilometre of land in Jeddah. The consortium includes the real estate investment company Kenzi Al Arabiya and a group of investors, according to a statement filed to Tadawul, the […] February 17, 2025
Markets Mecca project developer targets $533m from Saudi listing Umm Al Qura for Development and Construction (Umm Al Qura), the developer of Masar, a mixed-use project in Mecca, expects to raise between SAR1.8 and SAR2 billion ($480-$533 million) through an initial public offering (IPO) on the Saudi stock exchange. The company has set the IPO price range between SAR14 and SAR15 per share. This month […] February 17, 2025
Mining Ma’aden aims to be world’s most valuable mining company Saudi Arabia’s majority state-owned Ma’aden aims to grow ten-fold by 2040 to become the world’s most valuable mining company by market capitalisation, its CEO said. The country is accelerating development of its copper and other mineral resources, estimated to be worth as much as $2.5 trillion. “I can tell you, the minerals are here,” Ma’aden […] February 12, 2025
Food & Drink Americana Restaurants profit rises as Gaza boycott eases Americana Restaurants, the largest food service business in the Middle East and North Africa, said profit rose in the fourth quarter as a consumer boycott that is related to the Gaza conflict eased. Net income in the three months to December 31 rose 26 percent to $41 million, compared with $32 million in the same […] February 12, 2025
Finance Tabby hires three global banks for Saudi listing Tabby, the buy-now-pay-later startup backed by Abu Dhabi sovereign wealth fund Mubadala, has appointed three global banks to oversee its potential initial public offering (IPO) on the Saudi stock exchange. The company has brought in HSBC Holdings, JPMorgan Chase. and Morgan Stanley to finalise the flotation process, Bloomberg reported, citing informed sources. The plans are still in the early […] February 11, 2025
Markets IPO for Saudi poultry producer Entaj off to a flying start The initial public offering (IPO) of Saudi Arabian poultry producer Entaj is already oversubscribed, barely 24 hours after the book-building exercise began. Starting the exercise on Sunday and pricing the shares at between SAR46 and SAR50 each, the books were covered “within hours”, CEO Raja Alharbi told AGBI. The IPO could raise more than SAR450 […] February 10, 2025
Agriculture Poultry firm Balady to boost Saudi output by 200m chicks a year Saudi Arabia’s Balady Poultry Company is to invest SAR1.14 billion ($303 million) over five years to expand its business. The plans involve establishing two hatcheries with a combined capacity of 200 million chicks a year. In a statement to the Saudi stock exchange, Balady said it aims to establish a facility with the capacity to […] February 7, 2025
