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RIYADH: Saudi stocks rebounded on Monday in line with oil prices. TASI soared 1.46 percent to 12,204, and the parallel Nomu market gained 1.23 percent to 25,105. With TASI leading the gains, Gulf Cooperation Council stock exchanges saw a mixed performance on Monday. Indexes of Abu Dhabi, Qatar, and Kuwait advanced 1.2, 0.4, and 0.6 percent, respectively. Elsewhere, Dubai’s
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(Bloomberg) -- Frenzied demand for initial public offerings in the Middle East shows no signs of slowing, providing a rare bright spot as investors shun listings from the U.S. to Europe. Saudi digital security company Elm Co.
RIYADH: As it plans to list on the Saudi Exchange, digital security firm Elm Co. saw a 162 percent jump in profits year-on-year during the first nine months of 2021. Profits of the PIF-owned company hit over SR456 million ($65.6 million), compared to SR175 million a year earlier, Argaam reported. Alongside the results, the provider of secure e-business services and information
Local investors placed orders worth SAR206bn.