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Posted On NewsSport Clubs announces IPO subscription date
Institutional investors will be able to start subscribing to the Riyadh-based Sport Clubs Company’s initial public offering (IPO) from June…
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Posted On NewsTwo IPOs scrapped on Saudi Arabia’s junior market
Two planned initial public offerings (IPOs) on Saudi Arabia’s junior stock market have been scrapped. Yaqeen Capital and Watheeq Capital,…
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Posted On NewsOversubscribed Flynas IPO offers hope for other Saudi listings
The Saudi budget airline Flynas announced that the retail tranche of its initial public offering (IPO) was oversubscribed four and a half…
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Posted On NewsCorporate borrowing swells Saudi banks’ Q1 profits
Saudi Arabia’s big banks prospered in the first quarter thanks to soaring borrowing demand from companies. However, lending growth is…
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Posted On NewsHong Kong and Saudi work on cross-border financial products
Hong Kong and Saudi Arabia are considering allowing more cross-border financial products as the two markets seek to deepen financial…
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Posted On NewsSaudi housing changes may stoke demand for smaller properties
A decision to reduce the minimum age at which nationals receive support to buy houses is likely to increase the…
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Posted On NewsPIF unit commits millions to back Aseer province growth
Ardara, a wholly owned subsidiary of the Public Investment Fund (PIF), is making multi-million-dollar investment in Aseer province in the south of…
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Posted On NewsHumain to bankroll AI startups with $10bn fund
Humain, Saudi Arabia’s state-backed artificial intelligence company, plans to launch a venture capital fund to support the country’s goal of becoming an…