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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
Investment Holding Group (IHG), a Doha-based Investment Management company, is mulling plans to acquire Elegancia group, a business supplies and equipment conglomerate also located in the Qatari capital. IHG’s board of Directors, Zawya notes, indicated to the Qatar Stock Exchange 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
Boursa Kuwait has postponed the initial April 19 date to list its shares on the country’s stock exchange owing to the Coronavirus disease spread, reports say. The state-run financial institution in a statement seen by public news agency, KUNA, said Read more