News Analysis

Riyadh – Mubasher: The Capital Market Authority (CMA) passed, on 29 June, the initial public offering (IPO) of United International Holding Company to float its shares on the Saudi Exchange (Tadawul). The firm, a subsidiary of United Electronics …

Riyadh – Mubasher: The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) declined by 50.12 points (0.43%) to reach 11,679.50 points at the end of Sunday. The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) …

Riyadh – Mubasher: The Saudi sukuk and debt instruments market reached 18.30% of GDP by the end of 2023, with 70 sukuk and debt instruments listed on the capital market. The funds raised from sukuk and debt instrument offerings amounted to SAR …

Riyadh – Mubasher: The main market’s All Share Index (TASI) of the Saudi Exchange (Tadawul) rose by 73.27 points (0.63%) to reach 11,729.62 points at the end of Thursday’s session. A total of 300.03 million shares were traded at a turnover worth …

Mubasher: The asset management industry in the GCC has significantly improved due to positive regulatory reforms and government support, according to a report by Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre (MARKAZ). Over the …

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the request of Gulf Applications Company to float its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Gulf Applications plans to list 6.25 million shares, …

Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) ended Wednesday lower by 0.63% at 11,656.35 points. TASI’s trading value stood at SAR 5.46 billion through the exchange of 287.58 million shares. Miahona Company …

Riyadh – Mubasher: Leaf Global Environmental Services Company is set to trade its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Thursday, 27 June. Leaf Global will list 1.50 million shares under the symbol 9597, according …

Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Tuesday higher by 0.29% at 11,730.77 points. TASI’s trading value stood at SAR 7.09 billion through the exchange of 261.16 million shares. Al-Rajhi Company …

UAE – Mubasher: HSBC has launched WorldTrader in the UAE, a digital trading platform providing customers with access to a wide range of investments globally, according to a press release. WorldTrader will enable HSBC Wealth and Personal Banking …

Riyadh – Mubasher: Yaqeen Capital Company will commence the listing and trading of its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Wednesday, 26 June. The Saudi firm is set to list 3 million shares, representing 20% of …

UAE-Mubasher: Lunate Capital has launched the Chimera J.P. Morgan Global Sukuk ETF, an exchange-traded fund (ETF) that is scheduled to list on the Abu Dhabi Securities Exchange (ADX) on 8 July. The fund will track the performance of the J.P. …

Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) ended Monday lower by 0.28% at 11,697.04 points. TASI’s trading value stood at SAR 8.69 billion through the exchange of 292.43 million shares. Miahona topped the …

Cairo - Mubasher: Act Financial plans to float 360 million shares, representing 47% of its share capital, on the Egyptian Exchange (EGX) after obtaining the authority’s approval last April. The company will increase its capital by issuing 360 …

Riyadh – Mubasher: Neft Alsharq Company for Chemical Industries is set to begin the listing and trading of its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Tuesday, 25 June. The Saudi firm plans to float 5 million shares …

Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Sunday higher by 2.01% at 11,729.97 points. TASI’s trading value stood at SAR 5.18 billion through the exchange of 205.73 million shares. Rasan Information …

Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has passed the registration and offering shares of Jana Medical Company on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). The CMA’s board issued its resolution on …

Mubasher: The 2024 World Competitiveness Report included six countries from the Arab region which all showed progress in this year’s ranking, according to the International Institute for Management Development (IMD) data. The UAE led the Arab …

Mubasher: The total number of deals registered in the global travel and tourism sector decreased by 10.90% to 286 during the first five months (5M) of 2024 when compared with 321 in January-May 2023, according to GlobalData Deals Database. The …

Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Thursday’s trading session lower by 1.31% at 11,498.93 points. TASI’s trading value stood at SAR 11.01 billion through the exchange of 403.32 million shares. …

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the requests of two companies to trade their shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Al Fakhera Men’s Tailoring Company intends to list 16.67% of its …

Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) showed a negative performance on Wednesday after falling by 1.05% to 11,651.81 points. TASI’s trading value reached SAR 10.38 billion through the exchange of 529.05 …

Riyadh – Mubasher: Alwasail Industrial Company submitted a request, on 11 June, to transfer its shares from the Parallel Market (Nomu) to the main market All Share Index (TASI). The board members granted their approvals on 26 December 2023, …