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Saudi Public Transport Company (SAPTCO), the kingdom’s public bus operator, has signed a contract worth more than 149.6 million riyals ($39.8 million) for a public bus transport project across the Gulf country, Zawya reports. In a statement to the Saudi Read more
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) is selling a 5.01 percent stake–amounting to 100.2 million shares–in Saudi Telecom Co. in a secondary share offering, Zawya reports. The final offer price will be announced on December 10, Read more
Saudi food giant Almunajem Foods has announced plans for an Initial Public Offering (IPO) and listing of its ordinary shares on the Saudi Stock Exchange (Tadawul), reports say. The company in a statement Thursday said the listing will involve a Read more
Riyadh-based Dallah Healthcare Co has acquired an 8.2 percent stake in International Medical Co. in line with plans to expand cross the kingdom, Zawya reports. The acquisition, published on the kingdom’s stock market Tadawul, cost Dallah Healthcare SAR 289 million Read more
Saudi National Building and Marketing Co., NBM, has signed an acquisition deal with Ajeej Steel Manufacturing for an operation estimated at 180 million riyals ($ 48 million) and in accordance with its expansion plan. In a statement to the Kingdom’s Read more
Saudi engineering and consulting services, Bawan Co, has called off plans to merge two of its subsidiaries having found it unfeasible upon a revaluation, Zawya reports. The company in a statement sent to the kingdom’s stock exchange, Tadawul, indicated that Read more
Saudi Arabia’s bourse Tadawul said that it could go public within two years and that it would unveil timeline for an Initial Public Offering (IPO) this year. A timeline for an initial public offering (IPO) will be provided this Read more
Saudi Arabia monarch King Salman has named former top adviser and head of Board of Directors of the Saudi Stock Exchange Tadawul, Dr Fahad bin Abdullah bin Abdullatif Al Mubarak, as the new governor of the kingdom’s central bank, reports Read more
Saudi petrochemical company, Saudi Arabian Fertilizer Co. announced Monday change of its name to SABIC Agri-Nutrients Co. on the Saudi stock exchange, following approval by an extraordinary general assembly meeting held in November, Zawya reports. The company founded in 1973, Read more
Saudi Arabian insurers Al Ahlia and have gone into a merger in a move that will increase the Gulf Union shares. Gulf Union made the statement about the operation that brings its shares from 15 million to 22,947,464 and paid Read more