Manazel Marketing Group has officially commenced trading on the Saudi stock exchange following a successful IPO. The company offered 4.8 million shares, representing 30% of its capital, at […]
Markets
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Red Sea Global Shareholders Approve IPO of 30% Stake in First Fix
Shareholders of Red Sea Global have approved the initial public offering of a 30% stake in First Fix Electrical Installations, a subsidiary in which Red Sea Global holds […]
Markets
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Jamjoom Fashion Targets $92.3 Million in IPO on Nomu
Jamjoom Fashion, a Saudi retail company, aims to raise 346 million riyals ($92.3 million) through an initial public offering on the Nomu parallel market. The company has set […]
Markets
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Morgan Stanley Approved as Market Maker for 18 Tadawul-Listed Stocks
Saudi Exchange (Tadawul) has authorized Morgan Stanley Saudi Arabia to act as a market maker for 18 listed equities, effective Tuesday. The designation covers securities traded on both […]
Markets
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Saudi Stock Index Drops 0.3% to Close at 10,671 Points
The Saudi stock market ended the trading session with a 0.3% decline, closing at 10,671 points. Fourteen sectors recorded losses, led by energy, which fell 0.82%, followed by […]
Uncategorized
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Syria Resumes Oil Exports After Years-Long Hiatus
Syria has resumed exporting crude oil for the first time in several years, marking a significant shift in its energy sector amid ongoing economic challenges. The renewed shipments […]
Technology
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Saudi Firms Launch Drone Delivery Pilot Program
Jahz, a Saudi technology company, has launched the Kingdom’s first pilot program for drone-based food and retail deliveries. The initiative marks a significant step in integrating advanced logistics […]
Markets
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Ninja Express Explores IPO on Saudi Stock Exchange
Ninja Express, a leading on-demand delivery platform in Saudi Arabia, is reportedly preparing for a potential initial public offering (IPO) on the local stock exchange. According to sources […]
Uncategorized
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FedEx Expansion Strengthens Saudi Arabia’s Global Logistics Hub Ambitions
Saudi Arabia’s ambition to become a global logistics hub is gaining momentum as FedEx completes its transition to direct operations in the country. The U.S.-based shipping giant has […]
Economy
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World Bank: Smart Spending Shields Gulf Economies from External Risks
According to a World Bank report, strategic fiscal policies have played a crucial role in stabilizing the economies of Gulf Cooperation Council (GCC) countries, particularly during periods of […]