Page 5 - Theeb News Today

* Immediate intention is to sell existing shares * Sees healthy IPO pipeline including interest from Gulf companies (Adds detail on advisory roles, minimum float) DUBAI, April 7 (Reuters) - Saudi Arabia’s stock exchange has converted itself into a holding company and will be renamed Saudi Tadawul Group ahead of its initial public offering (IPO) this year, Group CEO Khalid al-Hussan said on Wednesday. Tadawul has received proposals from 10 local and international firms on potential advisory ro...

2 Min Read DUBAI (Reuters) - Saudi Basic Industries Corp (SABIC) has selected HSBC and Morgan Stanley to work on the planned initial public offering (IPO) of its specialty chemicals business, two sources familiar with the matter said. SABIC, the world’s fourth-biggest petrochemicals firm, hired Saudi investment bank NCB Capital earlier this year to work on the public share sale, which sources said could raise several hundred million dollars. The specialty chemicals business brings in about $2...

By Reuters Staff 2 Min Read (Reuters) - Most major stock markets rose in early trade on Thursday, with the Saudi index extending gains from the previous session following a behemoth private investment push by the kingdom. FILE PHOTO: A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018. REUTERS/Faisal Al Nasser The kingdom’s crown prince said oil firm Aramco and petrochemical firm SABIC would lead 5 trillion riyals ($1.3...

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Saudi Arabia’s stock market is set for another bumper year of stock market listings with several sizeable initial public offerings (IPO) in the pipeline as investors look to allocate a pile of cash. After the then record $29.4 billion listing of oil giant Saudi

Saudi Arabia's stock market is set for another bumper year of stock market listings with several sizeable initial public offerings (IPO) in the pipeline as investors look to allocate a pile of cash built up through the coronavirus pandemic.

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By Craig Mellow Order Reprints Print Article A virtual-reality experience at the Saudi Telecom booth at the GSMA Mobile World Congress 2019. David Ramos/Getty Images Text size Wall Street isn’t the only hot IPO market these days. In Saudi Arabia, a wavelet of new public offerings—though they may not be DoorDash or Airbnb—have yielded outsize returns, with more newcomers in the pipeline.  Saudi Arabia? Really? The broader Saudi market has barely bro...

Wall Street isn’t the only hot IPO market these days. In Saudi Arabia, a wavelet of new public offerings—though they may not be DoorDash or Airbnb—have yielded outsize returns, with more newcomers in the pipeline.  Saudi Arabia? Really? The broader Saudi market has barely broken even this year, as oil prices swooned and Covid-19 forced the cancellation of the hajj, or pilgrimage to Mecca. But its biggest IPO, Dr. Sulaiman al-Habib Medical Services Grou...

Is supposed to be investigating trump-russian collusion, russian interference in the broader issue, why would he ignore the bought and paid for russian dossier that was used to disseminate through the outlets as i mentioned to the american people and then used as the basis for the fisa applications and not think that that was a big deal? >> that is the great irony andh actual tragedy, there was collusion. it was hillary-russia collusion, paying for -- >> sean: why did they not document it? >> mu...