Page 10 - Helm Co News Today

(Bloomberg) -- A digital security firm owned by Saudi Arabia’s wealth fund drew about $57 billion in orders from institutional investors, in the latest sign of strong demand for share sales in the Middle East. Elm Co. drew orders worth 213.

RIYADH: Instiutional investors are rushing into buying shares of Saudi Arabia’s digital security firm Elm Co. Riyad Capital the financial advisor, bookrunner, and lead manager of the initial public offering of Elm's shares said that the book-building process is completed with institutional offering being 69.5 times oversubscribed, drawing orders of nearly SR213.2 billion ($57

The Saudi benchmark index has jumped about 9 per cent this year

RIYADH: Saudi Arabia’s stock market ended flat at the closing bell last Thursday as investors saw a wave of earnings announcements that led to cautious trading, despite a rally in the energy market. The main TASI index closed at 12,179 points and the parallel market Nomu ended at 25,660 points. Main indexes of Qatar, Oman, and Kuwait edged up between 0.1 and 0.2 percent, while

RIYADH: Saudi Arabia’s digital security firm Elm Co. plans to collect up to SR2.98 billion ($816 million) from its initial public offering, according to a bourse statement. The Riyadh-based company, which is fully owned by the Public Investment Fund, has set its final offer price per share at SR128 ($34), the top end of the proposed range. This followed the completion of the

CHINA <strong>Blockchain trials begin</strong> The central government picked 15 city governments and 164 other entities — including companies, universities, hospitals and industry groups — to carry out a trial on the application of blockchain technology. The program is aimed at “sufficiently letting the blockchain technology play its role in facilitating data sharing, optimizing business procedures, lowering costs, improving synergy and building reliable systems,” the Cybersp...

Elm Co’s IPO price range has been set at 113 riyals to 128 riyals

RIYADH: Saudi digital security firm Elm Co. has started institutional book-building for its initial public offering on the Saudi stock exchange. Elm, which is fully owned by the Public Investment Fund, will tap interest from institutional investors until Jan. 28 as it aims to raise 24 million shares, or 30 percent of its SR800 ($213 million) capital, as announced by Riyad

RIYADH: Last week, Saudi Arabia’s main stock index TASI wrapped up ten straight days of gains amid heightened investor sentiment. Earnings season is starting to get into full swing for the Kingdom’s listed companies. In the latest session, TASI gained 0.3 percent to reach 12,291 points, while the parallel market Nomu slipped 0.3 percent to close at 26,071 points. Other GCC

Naif Almohaia is human capital general manager of Saudi Exports. In his current role, Almohaia is leading his department’s transformation to achieve the Kingdom’s Vision 2030. Almohaia began his career in finance, staying in the industry for 13 years. It eventually led him to begin his path in human capital development, where he grew his out-of-the-box thinking and analytical