RIYADH: Saudi Arabia is bracing for floating and listing SAL Saudi Logistics Services and several affiliates of Saudia, in the stock market, Arab News quoted Minister of Transport and Logistics Services, Saleh Al-Jasser, as saying. SAL is completing the required paperwork after applying for an IPO and is waiting for the Capital Market Authority to … Read more
RIYADH: Three special deals were completed on Tuesday in the Saudi Sukuk and bond market, with a total value of SR51.7 million ($13.7 million), Arab News reported. Special deals are orders executed when a seller and a buyer agree to trade specific securities at a certain price in order to comply with the Saudi Stock Exchange, Tadawul. … Read more
DUBAI: The clients of global banking group Citi are seeing “significant opportunities in Saudi Arabia,” Arab News quoted CEO Jane Fraser, as saying, as the bank ends a high-profile delegation visit to the kingdom. The delegation, led by Fraser, met with key government officials and selected clients to talk about Citi’s work in the region’s … Read more
