Markets

Saudi Tadawul reports 24% decline in profit on higher expenses

Its market value reached about $2.8 trillion in 2021

Aramco, stc lead Tadawul’s single-stock futures trading

Single-stock futures will allow for more efficient portfolio risk management

Saudi’s Alamar IPO: Offering price range set between 103, 115 riyals

Alamar to raise about 1.2 billion riyals by offering some shares on Tadawul

Al-Waleed bin Talal sells 17% of “Kingdom Holding” to the PIF

Bin Talal's share in the company's capital declines to 78.13%

Saudi’s CMA’s revenues soar by 6% to SAR1.65 billion in 2021

21 total listings in 2021, with volume offerings amounting to SAR31 billion

Saudi stock market boom boosts Tadawul 2021 profits to 17.4%  

Net profit amounted to 587.7 million riyals ($156.64 million) at the end of 2021

Saudi Arabia preps new batch of IPOs

CMA approves listing of over 70M shares from several companies

MENA M&A exceeds $68B in 2021

Valued at $12.4B, Aramco deal biggest in 2021