Markets
Kingdom to continue voluntary reduction of 1 million barrels per day
Mixed expectations surrounding future prices
Futures prices up 12 percent to just under 50 euros per megawatt
The demand for safe havens led to gold rising over $1,809.50 on October 6th
Canceling commissions for trading sukuks and bonds contributes to market growth
The five-year sukuk segment generated over $14 billion in demand
Deep expertise in complex mathematical models and algorithms
Second Saudi Exchange IPO advisory for the investment bank franchise
The sector raised an impressive $4.8 bn in 2022
Sustained rise in crude oil prices might invigorate the regional energy domain
Order books were fully subscribed across the price range within a few hours
Announces IPO subscription coverage of 62.7 times
Oil at $94 meet inflation concerns and interest rate decisions
To showcase compelling Saudi equities to global investors
Company aimed to achieve SAR1 bn in revenues prior share offering
June saw Saudi Arabia hosting the Arab-China Business Conference
The IPO of ADES comprises an offer of 338,718,754 ordinary shares
Investors urged to take advantage of growth potential
Bonds might be issued before year-end
$888 mn market capitalization achieved by company after listing
IPO could raise as much as SAR 1.26 bn
Company achieved steady sales growth in 2021 and 2022
Offering expected to be the world's largest in recent years
