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Top related persons:
ADES - 1 EFG Hermes - 1 Goldman Sachs - 1 Lazard - 1 Yousef Saba - 1 Sonia Cheema - 1
Top related locs:
DUBAI Saudi Khobar ADES East North Africa India Saudi Aramco
Top related orgs:
Saudi Exchange - 1 Kuwait Oil Company - 1 North Oil Company - 1 SNB - 1 JPMorgan - 1 underwriters - 1 GIB Capital - 1 HSBC - 1

Search resuls for: "Saudi Exchange"


5 mentions found


☆ Saudi PIF-backed ADES prices IPO at top end, implying over $4 bln valuation
  + stars: | 2023-09-20 | by ( ) www.reuters.com   time to read: +2 min
DUBAI, Sept 20 (Reuters) - Saudi oil and gas driller ADES Holding said on Wednesday it has set the final price for its initial public offering (IPO), implying a valuation of 15.242 billion riyals ($4.06 billion) for the Saudi sovereign wealth fund-backed firm. ADES confirmed the pricing for the IPO, saying it drew nearly $76.5 billion in orders from institutional investors. Its clients include state oil giant Saudi Aramco, Kuwait Oil Company and North Oil Company in Qatar. The four banks are also bookrunners and underwriters, joined by GIB Capital, HSBC, Al Rajhi Capital and Saudi Fransi Capital. Arab National Bank, Alrajhi Bank and Saudi National Bank are the receiving agents and Lazard is independent adviser to ADES.
Persons: ADES, EFG Hermes, Goldman Sachs, Lazard, Yousef Saba, Sonia Cheema Organizations: Reuters, Saudi Exchange, Kuwait Oil Company, North Oil Company, SNB, JPMorgan, underwriters, GIB Capital, HSBC, Al, Saudi Fransi Capital, Arab National Bank, Alrajhi Bank, Saudi National Bank, Thomson Locations: DUBAI, Saudi, Khobar, ADES, East, North Africa, India, Saudi Aramco, Qatar, Al Rajhi Capital
☆ Olam Group targets Olam Agri dual IPO as early as first half of 2023
  + stars: | 2023-01-10 | by ( Yantoultra Ngui | ) www.reuters.com   time to read: +1 min
SINGAPORE, Jan 10 (Reuters) - Singapore commodity trader Olam Group on Tuesday said it plans to conduct an initial public offering (IPO) for majority-owned Olam Agri Holdings as early as the first half of this year, listing the unit domestically and concurrently in Saudi Arabia. A concurrent listing on the Saudi Exchange would make Olam Agri the first company to list in both countries and the first non-Gulf Cooperation Council incorporated business to list in Saudi Arabia. The plan comes weeks after Olam Group completed the sale of 35.43% of Olam Agri to Saudi Agricultural & Livestock Investment Co for $1.24 billion, giving the unit an equity valuation of $3.5 billion. Olam Group continues to own the remainder. Olam Group said the IPO may involve a domestic and global sale of shares it holds in the unit as well as new Olam Agri shares.
☆ Saudi Exchange launches market-making framework to boost liquidity
  + stars: | 2022-12-04 | by ( ) www.reuters.com   time to read: +2 min
DUBAI, Dec 4 (Reuters) - Saudi Arabia's stock exchange said on Sunday it was launching a market-making framework for its stock and derivatives markets to help ensure liquidity and raise price-determination efficiency. Entities must be exchange members, derivatives exchange members or their clients to be market makers. "Market Makers have to ensure the availability of liquidity for a listed security by providing continuous quotes throughout market open session," the Saudi Exchange, also known as Tadawul, said. "The Saudi Exchange will monitor compliance with Market Maker obligations, and will provide incentives to the Market Maker after obligations are met." As of October, Tadawul was the world's ninth largest exchange by market capitalisation of listed companies at $2.86 trillion, just ahead of the London Stock Exchange, according to Statista.
☆ KFC's Middle East and North Africa franchisee plans dual listing in UAE, Saudi
  + stars: | 2022-11-02 | by ( Hadeel Al Sayegh | ) www.reuters.com   time to read: +1 min
DUBAI, Nov 2 (Reuters) - Americana Restaurants, the Middle East and North Africa franchisee of fast-food restaurants KFC and Pizza Hut, said it planned to launch an initial public offering (IPO), followed by a dual listing in the United Arab Emirates and Saudi Arabia. Adeptio Investments, an investment vehicle jointly-held by Dubai businessman and founder of Emaar Properties (EMAR.DU) Mohammed Alabbar and Saudi Arabia's Public Investment Fund, is offering about 2.53 billion existing ordinary shares, representing 30% of the company, Americana said in a regulatory filing on Wednesday. The IPO would start from Nov. 14 to Nov. 21 for retail investors in the UAE and Saudi Arabia, and Nov. 14 to Nov. 22 for institutional investors in both the countries. Following its public share-sale, it expects to list on the Abu Dhabi Securities Exchange and the Saudi Exchange on or around Dec. 6, it said. Reporting by Hadeel Al Sayegh; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
☆ We're continuing to bring good IPOs to the market, says Saudi Exchange CEO
  + stars: | 2022-10-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're continuing to bring good IPOs to the market, says Saudi Exchange CEOMohammed Al-Rumaih, CEO of the Saudi Exchange, tells CNBC's Dan Murphy he expects a strong IPO pipeline in the country despite the challenging economic outlook.
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