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(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