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RIYADH: Saudi Arabia’s Tadawul All Share Index on Monday rose 100.30 points — or 0.96 percent — to close at 10,519.74. While MSCI Tadawul 30 Index gained 1 percent to 1,438.94, the parallel market Nomu closed 0.49 percent lower at 19,441.04. TASI’s total trading turnover of the benchmark index was SR4.53 billion ($1.21 billion) as 147 stocks of the listed 224 advanced and 61
RIYADH: Knowledge Tower Trading Co. set its offering price at SR40 ($11) per share for a direct listing on Saudi Arabia’s parallel stock market. The subscription period will begin on Sunday, Oct. 30 and close on Thursday, Nov. 3, according to a bourse filing. Watheeq Capital served as the financial advisor for the initial public offering of Knowledge Tower. The Dammam-based
RIYADH: Knowledge Tower Trading Co. will conduct an initial public offering of its 350,000 ordinary shares on the Nomu-Parallel Market according to the company’s plans, revealed by its financial advisor Watheeq Capital. This represents around 20 percent of Knowledge Tower’s SR18 million ($5 million) share capital, which is divided into 1.75 million shares, as it was stated in