Saudi PIF, holders to offer 30% stake in oil driller ADES IPO
Saudi Arabia’s sovereign wealth fund, ADES Investments Holding and Zamil Group Investment plan to sell shares in oil and gas driller Ades International Holding in a local initial public offering (IPO), set to be one of the kingdom’s biggest this year. The offering will consist of 338.7 million shares, or a 30 per cent stake […]
Saudi Arabia launches real estate platform to support owners, buyers
Saudi Arabia has launched a new platform to boost the country’s real estate sector. The platform facilitates real estate transactions and provides various e-services for property owners and buyers. Saudi Justice Minister Walid Al-Samaani inaugurated the ‘Real Estate Market’ platform in Riyadh on August 27. “The real estate market aims to enhance customer experience and […]