Saudi Basic Industries Corp (SABIC), one of the world’s biggest petrochemical companies, on Thursday posted an almost 17 per cent fall in third-quarter revenue and a net loss. In a […]
Saudi Arabian petrochemical giant SABIC reports Q3 net loss Read More »
Elm, a leading digital solutions company, has signed a memorandum of understanding (MoU) with NeXplain Solutions, a Spanish company that specializes in providing smart business solutions and digital consulting. The
Elm & NeXplain Solutions to foster technological and consulting services Read More »
EFG Hermes, the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced today that its investment banking division successfully completed advisory on the landmark SR4.572 billion ($1.219 billion)
EFG Hermes completes advisory on landmark $1.21bln IPO of ADES on the Saudi Exchange Read More »
Saudi Arabia’s oil and gas driller ADES Holding Company’s retail subscription was oversubscribed 9.83 times, the company said in a statement on Wednesday. The order book reached nearly 4.5 billion riyals
ADES Holding IPO’s retail tranche oversubscribed nearly 10 times Read More »
EFG Holding’s investment banking division , EFG Hermes, has completed advisory on the $290m initial public offering (IPO) of Saudi Arabia’s Lumi Rental Company. EFG Hermes acted as a joint
EFG Hermes concludes advisory on Lumi Rental’s $290m IPO Read More »
Rawabi Energy and its subsidiaries have concluded the financial close of $2 billion Syndicated multi-currency senior secured term and revolving SAR and USD facilities, marking one of the largest private sector
Rawabi closes Saudi’s largest private sector syndicated financing of $2bn Read More »
First Milling Company (First Mills) logged net profits after Zakat and tax amounting to SAR 73.75 million in the first quarter (Q1) of 2023, up 1.80% from SAR 72.45
First Mills posts higher profits in Q1-23 initial financials Read More »
The board members of Banan Real Estate Company agreed, on 4 July, to transfer the company’s shares from the Parallel Market (Nomu) to the main market All Share Index (TASI).
Banan Real Estate eyes listing on TASI Read More »
Emaar The Economic City announced the sale of an undeveloped industrial plot to four parties, of which one is a subsidiary of Saudi Arabia’s sovereign wealth fund the Public Investment
Emaar The Economic City sells asset to several parties including PIF unit Read More »
The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) achieved net profits before Zakat worth SAR 37.19 million in the first quarter (Q1) of 2023. The positive results in
MedGulf turns profitable in Q1-23; accumulated losses hit 40% Read More »
