Company Insights SNB Capital Banking & Finance SNB Capital News Construction Sharjah confirms $693m water desalination project Saudi renewable major Acwa Power will build a new water desalination plant in Sharjah. The new independent water plant (IWP), which will be constructed at Hamriyah, Sharjah, will need an investment of SAR2.6 billion ($693 million). It will have a capacity of 410,000 cubic metres per day. The project scope includes development, design, financing, engineering, […] September 4, 2024 Markets Saudi Arabia’s PIF hires banks for Nupco’s $1bn IPO Saudi Arabia’s Public Investment Fund (PIF) has hired banks for the initial public offering of its wholly owned subsidiary, National Unified Procurement Company (Nupco), a media report said. The sovereign wealth fund has appointed global and local bankers, such as JPMorgan Chase & Co., Morgan Stanley and SNB Capital, to manage Nupco’s flotation, Bloomberg reported, […] July 16, 2024 Finance Aramco to issue new bonds after $11bn share sale Saudi Aramco has appointed regional and global bankers for a new bond sale just a month after raising more than $11 billion from a secondary share offering. The oil giant, listed on the Saudi stock exchange, will issue senior unsecured US dollar-denominated bonds. The fund will aid in its general corporate purposes or any other […] July 9, 2024 Banking & Finance Edmond de Rothschild to run funding vehicle for Saudi projects The Edmond de Rothschild Group is establishing a funding vehicle for infrastructure projects in Saudi Arabia along with the local firm SNB Capital, as part of a deal in which the Swiss investment bank will set up offices in the country. Saudi Arabia’s massive economic diversification programme has run into financial obstacles as it faces […] June 14, 2024 Finance Aramco retail investors to get a minimum of 10 shares The retail tranche of Saudi Aramco’s secondary share offering has been fully subscribed. The retail offering received a total of 1.33 million subscribers at the final offer price of SAR27.25 ($7.27). A minimum of 10 shares will be allocated to each subscriber, with the remaining shares to be allocated on a pro-rata basis with an average […] June 9, 2024 Markets Smasco market cap to hit $800m on Saudi listing Smasco, the Saudi Manpower Solutions Company, has set its final initial public offering (IPO) price at SAR7.50 per share, giving it a market capitalisation of SAR3 billion ($800 million) at listing. The company will offer 120 million shares, or a 30 percent stake, raising SAR900 million from the listing. This month, the indicative price range […] May 20, 2024 Opinion Finance Strong regional deal growth underpinned by wealth funds Middle Eastern markets have remained resilient, due to supportive government policies May 8, 2024 Finance Saudi staffing company Smasco plans $240m from IPO Smasco, the Saudi Manpower Solutions Company, is expected to raise between SAR840 million and SAR900 million ($224 million to $240 million) from its initial public offering after setting an indicative price range of SAR7 to SAR7.50 per share. The market capitalisation of the staffing company at listing will be between SAR2.8 billion and SAR 3 […] May 8, 2024 Analysis Finance More GCC insurance mergers likely after flooding impact Consolidation in the GCC’s insurance sector – already underway because of rising competition and stricter regulations on solvency capital requirements – could be accelerated by the impact of the flooding in the region last week. Ratings agency S&P Global said this week that many insurance companies – mainly in the UAE, Kuwait and Saudi Arabia […] April 25, 2024 Energy Saudi National Bank’s $230m fund to energise oil sector SNB Capital, the investment arm of Saudi National Bank, has launched a $230 million oil and gas fund to offer investors exposure to top-tier energy companies. The Shariah-compliant fund launched by a Dubai-based unit of SNB Capital will invest indirectly in Repsol E&P, a joint venture between Spain energy giant Repsol and US-headquartered investment company EIG. Repsol […] February 29, 2024 Posts navigation Previous 1 2 3 Next
Construction Sharjah confirms $693m water desalination project Saudi renewable major Acwa Power will build a new water desalination plant in Sharjah. The new independent water plant (IWP), which will be constructed at Hamriyah, Sharjah, will need an investment of SAR2.6 billion ($693 million). It will have a capacity of 410,000 cubic metres per day. The project scope includes development, design, financing, engineering, […] September 4, 2024
Markets Saudi Arabia’s PIF hires banks for Nupco’s $1bn IPO Saudi Arabia’s Public Investment Fund (PIF) has hired banks for the initial public offering of its wholly owned subsidiary, National Unified Procurement Company (Nupco), a media report said. The sovereign wealth fund has appointed global and local bankers, such as JPMorgan Chase & Co., Morgan Stanley and SNB Capital, to manage Nupco’s flotation, Bloomberg reported, […] July 16, 2024
Finance Aramco to issue new bonds after $11bn share sale Saudi Aramco has appointed regional and global bankers for a new bond sale just a month after raising more than $11 billion from a secondary share offering. The oil giant, listed on the Saudi stock exchange, will issue senior unsecured US dollar-denominated bonds. The fund will aid in its general corporate purposes or any other […] July 9, 2024
Banking & Finance Edmond de Rothschild to run funding vehicle for Saudi projects The Edmond de Rothschild Group is establishing a funding vehicle for infrastructure projects in Saudi Arabia along with the local firm SNB Capital, as part of a deal in which the Swiss investment bank will set up offices in the country. Saudi Arabia’s massive economic diversification programme has run into financial obstacles as it faces […] June 14, 2024
Finance Aramco retail investors to get a minimum of 10 shares The retail tranche of Saudi Aramco’s secondary share offering has been fully subscribed. The retail offering received a total of 1.33 million subscribers at the final offer price of SAR27.25 ($7.27). A minimum of 10 shares will be allocated to each subscriber, with the remaining shares to be allocated on a pro-rata basis with an average […] June 9, 2024
Markets Smasco market cap to hit $800m on Saudi listing Smasco, the Saudi Manpower Solutions Company, has set its final initial public offering (IPO) price at SAR7.50 per share, giving it a market capitalisation of SAR3 billion ($800 million) at listing. The company will offer 120 million shares, or a 30 percent stake, raising SAR900 million from the listing. This month, the indicative price range […] May 20, 2024
Opinion Finance Strong regional deal growth underpinned by wealth funds Middle Eastern markets have remained resilient, due to supportive government policies May 8, 2024
Finance Saudi staffing company Smasco plans $240m from IPO Smasco, the Saudi Manpower Solutions Company, is expected to raise between SAR840 million and SAR900 million ($224 million to $240 million) from its initial public offering after setting an indicative price range of SAR7 to SAR7.50 per share. The market capitalisation of the staffing company at listing will be between SAR2.8 billion and SAR 3 […] May 8, 2024
Analysis Finance More GCC insurance mergers likely after flooding impact Consolidation in the GCC’s insurance sector – already underway because of rising competition and stricter regulations on solvency capital requirements – could be accelerated by the impact of the flooding in the region last week. Ratings agency S&P Global said this week that many insurance companies – mainly in the UAE, Kuwait and Saudi Arabia […] April 25, 2024
Energy Saudi National Bank’s $230m fund to energise oil sector SNB Capital, the investment arm of Saudi National Bank, has launched a $230 million oil and gas fund to offer investors exposure to top-tier energy companies. The Shariah-compliant fund launched by a Dubai-based unit of SNB Capital will invest indirectly in Repsol E&P, a joint venture between Spain energy giant Repsol and US-headquartered investment company EIG. Repsol […] February 29, 2024
