Mideast Stocks: Most Gulf bourses gain amid rising oil prices
Page Not Found | ZAWYA MENA Edition
Stay updated with breaking news from Saudi Basic Industries. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Page Not Found | ZAWYA MENA Edition
Shares in Saudi Arabian renewable energy utility ACWA Power International jumped 30% on their market debut on Monday after a $1.2 billion IPO, the kingdom's biggest since Saudi Aramco's massive public offering in 2019.
An IPO of Tadawul has been on the cards since at least 2016.
(Bloomberg) -- Saudi Arabia’s stock exchange is close to announcing plans for a long-awaited initial public offering that could value it at as much as $4 billion, according to people familiar with the matter.
Last year, deep in the throes of the energy crisis, Gulf nations led by Saudi Arabia constantly touted the strength of their economies, claiming they could withstand any scale of shocks. But the truth of the matter is that most Gulf economies were in ...