Company Insights Saudi Exchange/Tadawul Finance Saudi Exchange/Tadawul News Mining Ma’aden announces new gold discoveries in Saudi Arabia Saudi Arabia’s state-owned mining company Ma’aden has announced the discovery of “multiple intercepts of recoverable gold and copper grades” in exploratory sites at Wadi al Jaww and Jabl Shayban, in a note published on the Saudi stock market (Tadawul) on Wednesday. In a separate note, it also revealed “strong gold mineralisation” beneath its flagship open […] January 15, 2025 Retail Nice One share price up 55% in first week of trading Nice One Beauty Digital Marketing Co’s shares jumped 9.81 percent on Tuesday, beginning the day at SAR49.75 ($13.25) and reaching SAR 54.30 by its close. Eight days after the Saudi cosmetics retailer launched an initial public offering (IPO) for 30 percent of its capital (36.5 million shares) on January 7, its shares have increased in […] January 15, 2025 Finance Saudi Arabia’s Riyad Capital explores $2.5bn IPO The proposed listing of Riyad Capital, the investment banking arm of Riyad Bank, would value the business at $2.5 billion, Bloomberg has reported. Riyad Capital is working with JP Morgan Chase & Co on the plan to list on the Saudi stock exchange, which is expected in mid-2025. Founded in 2008, Riyad Capital offers a […] January 14, 2025 Banking & Finance PIF acquires 23% stake in Saudi Reinsurance Company Saudi Arabia’s Public Investment Fund has acquired a 23 percent stake in Saudi Reinsurance Company (Saudi Re) through a capital increase and subscription to new shares. Reinsurance offers insurance companies insurance of their own, helping insurers manage their risks by absorbing some of their losses. The investment will improve the reinsurer’s growth potential in the Saudi market […] January 14, 2025 Opinion Mining Riyadh seeks to become ‘rule shaper, not rule taker’ in mining Saudi Arabia's ambitions for a super-region will be on display at this week's Future Minerals Forum January 13, 2025 Manufacturing Alba and Ma’aden end merger discussions Aluminium Bahrain (Alba) and the Saudi Arabian Mining Company (Ma’aden) have ended talks over a merger of the two Gulf manufacturing giants. Discussions had been taking place since last year and it had been hoped that a deal could be completed in the first quarter of 2025, according to Alba’s chief executive, Ali Al Baqali. […] January 13, 2025 Industry As prices rise, Saudi cement companies may seek alternatives Cement companies in Saudi Arabia may be forced to turn to more sustainable alternatives after the prices of fuel products used in production rose for the second successive year. Saudi businesses have been given notice of the price increases, which came into effect from the start of this month. The price of methane, the main […] January 3, 2025 Renewable Energy Acwa Power signs up for 1GW Egyptian wind farm The Saudi energy company Acwa Power has signed agreements worth more than $700 million to fund the development, construction, operation and maintenance of a wind power plant in Egypt. Acwa Power said it signed the 20-year senior debt agreement, worth SAR2.63 billion ($703 million), with a syndicate of development financial institutions. The 1.1GW wind power […] December 31, 2024 Retail Retail orders for IPO of Saudi’s Nice One hit $242m The retail tranche of Nice One Beauty Digital Marketing’s initial public offering on the Saudi stock exchange was 7.9 times oversubscribed, with the order book reaching SAR908 million ($242 million). SNB Capital Company, the lead manager for the IPO, said the two-day subscription included 3.47 million shares, representing 10 percent of the IPO, at SAR35 […] December 31, 2024 People & Lifestyle Almoosa Health IPO’s retail tranche orders hit $372m The retail tranche of Almoosa Health Company’s initial public offering (IPO) on the Saudi stock exchange was 408.7 percent oversubscribed, with the order book reaching SAR1.4 billion ($372.8 million). It ran two days from December 23 and comprised 2.66 million shares, representing 20 percent of the IPO, at SAR127 per share. Individual investors will receive […] December 30, 2024 Posts navigation Previous 1 … 5 6 7 8 Next
Mining Ma’aden announces new gold discoveries in Saudi Arabia Saudi Arabia’s state-owned mining company Ma’aden has announced the discovery of “multiple intercepts of recoverable gold and copper grades” in exploratory sites at Wadi al Jaww and Jabl Shayban, in a note published on the Saudi stock market (Tadawul) on Wednesday. In a separate note, it also revealed “strong gold mineralisation” beneath its flagship open […] January 15, 2025
Retail Nice One share price up 55% in first week of trading Nice One Beauty Digital Marketing Co’s shares jumped 9.81 percent on Tuesday, beginning the day at SAR49.75 ($13.25) and reaching SAR 54.30 by its close. Eight days after the Saudi cosmetics retailer launched an initial public offering (IPO) for 30 percent of its capital (36.5 million shares) on January 7, its shares have increased in […] January 15, 2025
Finance Saudi Arabia’s Riyad Capital explores $2.5bn IPO The proposed listing of Riyad Capital, the investment banking arm of Riyad Bank, would value the business at $2.5 billion, Bloomberg has reported. Riyad Capital is working with JP Morgan Chase & Co on the plan to list on the Saudi stock exchange, which is expected in mid-2025. Founded in 2008, Riyad Capital offers a […] January 14, 2025
Banking & Finance PIF acquires 23% stake in Saudi Reinsurance Company Saudi Arabia’s Public Investment Fund has acquired a 23 percent stake in Saudi Reinsurance Company (Saudi Re) through a capital increase and subscription to new shares. Reinsurance offers insurance companies insurance of their own, helping insurers manage their risks by absorbing some of their losses. The investment will improve the reinsurer’s growth potential in the Saudi market […] January 14, 2025
Opinion Mining Riyadh seeks to become ‘rule shaper, not rule taker’ in mining Saudi Arabia's ambitions for a super-region will be on display at this week's Future Minerals Forum January 13, 2025
Manufacturing Alba and Ma’aden end merger discussions Aluminium Bahrain (Alba) and the Saudi Arabian Mining Company (Ma’aden) have ended talks over a merger of the two Gulf manufacturing giants. Discussions had been taking place since last year and it had been hoped that a deal could be completed in the first quarter of 2025, according to Alba’s chief executive, Ali Al Baqali. […] January 13, 2025
Industry As prices rise, Saudi cement companies may seek alternatives Cement companies in Saudi Arabia may be forced to turn to more sustainable alternatives after the prices of fuel products used in production rose for the second successive year. Saudi businesses have been given notice of the price increases, which came into effect from the start of this month. The price of methane, the main […] January 3, 2025
Renewable Energy Acwa Power signs up for 1GW Egyptian wind farm The Saudi energy company Acwa Power has signed agreements worth more than $700 million to fund the development, construction, operation and maintenance of a wind power plant in Egypt. Acwa Power said it signed the 20-year senior debt agreement, worth SAR2.63 billion ($703 million), with a syndicate of development financial institutions. The 1.1GW wind power […] December 31, 2024
Retail Retail orders for IPO of Saudi’s Nice One hit $242m The retail tranche of Nice One Beauty Digital Marketing’s initial public offering on the Saudi stock exchange was 7.9 times oversubscribed, with the order book reaching SAR908 million ($242 million). SNB Capital Company, the lead manager for the IPO, said the two-day subscription included 3.47 million shares, representing 10 percent of the IPO, at SAR35 […] December 31, 2024
People & Lifestyle Almoosa Health IPO’s retail tranche orders hit $372m The retail tranche of Almoosa Health Company’s initial public offering (IPO) on the Saudi stock exchange was 408.7 percent oversubscribed, with the order book reaching SAR1.4 billion ($372.8 million). It ran two days from December 23 and comprised 2.66 million shares, representing 20 percent of the IPO, at SAR127 per share. Individual investors will receive […] December 30, 2024
