Saudi Exchange/Tadawul
Saudi Exchange/Tadawul News
Video length:
04:02
- VIDEO
- Finance
One million users for Saudi Arabia’s Sahm trading app
“Riyadh has a population of 8 million. The government is going to double the population. That means money. That means capital,” says Steven Chou, chairman of Saudi-based fintech-driven financial company Sahm Capital. “Local Saudis are keen to look for a new product. They are options lovers,” Chou says, adding that the sectors of interest include […]
- Opinion
- Economy
Trump’s tariffs are bullish for GCC capital markets – for now
King Dollar is currently the beneficiary of classic FX market overshooting
Acwa Power joins China’s renewable energy surge
Saudi renewables major Acwa Power has struck joint ventures with Chinese companies to launch two renewable energy projects worth $312 million in China. The company, which trades on the Saudi Exchange (Tadawul), started due diligence on up to eight projects in China, CEO Marco Arcelli said last May. Acwa Power will develop a 132-megawatt (MW) solar photovoltaic […]
Ma’aden announces new gold discoveries in Saudi Arabia
Saudi Arabia’s state-owned mining company Ma’aden has announced the discovery of “multiple intercepts of recoverable gold and copper grades” in exploratory sites at Wadi al Jaww and Jabl Shayban, in a note published on the Saudi stock market (Tadawul) on Wednesday. In a separate note, it also revealed “strong gold mineralisation” beneath its flagship open […]
Nice One share price up 55% in first week of trading
Nice One Beauty Digital Marketing Co’s shares jumped 9.81 percent on Tuesday, beginning the day at SAR49.75 ($13.25) and reaching SAR 54.30 by its close. Eight days after the Saudi cosmetics retailer launched an initial public offering (IPO) for 30 percent of its capital (36.5 million shares) on January 7, its shares have increased in […]
Saudi Arabia’s Riyad Capital explores $2.5bn IPO
The proposed listing of Riyad Capital, the investment banking arm of Riyad Bank, would value the business at $2.5 billion, Bloomberg has reported. Riyad Capital is working with JP Morgan Chase & Co on the plan to list on the Saudi stock exchange, which is expected in mid-2025. Founded in 2008, Riyad Capital offers a […]
PIF acquires 23% stake in Saudi Reinsurance Company
Saudi Arabia’s Public Investment Fund has acquired a 23 percent stake in Saudi Reinsurance Company (Saudi Re) through a capital increase and subscription to new shares. Reinsurance offers insurance companies insurance of their own, helping insurers manage their risks by absorbing some of their losses. The investment will improve the reinsurer’s growth potential in the Saudi market […]
- Opinion
- Mining
Riyadh seeks to become ‘rule shaper, not rule taker’ in mining
Saudi Arabia's ambitions for a super-region will be on display at this week's Future Minerals Forum
Alba and Ma’aden end merger discussions
Aluminium Bahrain (Alba) and the Saudi Arabian Mining Company (Ma’aden) have ended talks over a merger of the two Gulf manufacturing giants. Discussions had been taking place since last year and it had been hoped that a deal could be completed in the first quarter of 2025, according to Alba’s chief executive, Ali Al Baqali. […]
As prices rise, Saudi cement companies may seek alternatives
Cement companies in Saudi Arabia may be forced to turn to more sustainable alternatives after the prices of fuel products used in production rose for the second successive year. Saudi businesses have been given notice of the price increases, which came into effect from the start of this month. The price of methane, the main […]