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Saudi Fransi Capital

Saudi Fransi Capital News

Seera Lumi

Seera auto rental unit to float 30% on Tadawul

Saudi Arabian travel company Seera Group Holding’s wholly-owned auto rental subsidiary plans to list 30 percent of its issued share capital on the Saudi Exchange (Tadawul). Car rental company Lumi expects to issue 16.5 million shares, with the listing taking place following regulatory approvals, the company said in its prospectus. Saudi Fransi Capital has been […]

India says connecting its power grid to Saudi Arabia and the UAE will help it supply power to Europe

PIF-backed Saudi Electricity plans sale of dollar sukuk

Saudi Electricity Company is planning to issue a green or conventional sukuk (Islamic bonds) denominated in US dollars. The banks will hold meetings with fixed-income investors starting Friday (March 31), the company said in a statement to the Saudi bourse. The issuance amount will be determined later based on market conditions and requirements. The company […]