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Saudi Telecom Co gets approval for planned IPO of unit reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Riyadh awaits IPO tsunami arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Here are a few things you need to know as Saudi stocks start trading on Wednesday. stc is considering an initial public offer (IPO) for its 100%-owned subsidiary, Arabian Internet and Communications Services Co. (solutions by stc), on the Saudi Stock Exchange (Tadawul). Yanbu National Petrochemical Co. (Yansab) announced the scheduled shutdown of two plants to carry out preventive maintenance work. National Commercial Bank (NCB) completed issuing additional Tier 1 sukuk at a value of $1.25 billion (SAR 4.69 billion). Al Moammar Information Systems Co. (MIS) announced that its 50%-owned subsidiary, Edarat Communications and Information Technology Co., appointed FALCOM Financial Services as a financial advisor to start direct registration and listing on the Nomu Parallel Market. ....