Saudi Arabia and the world
Tuesday, May 17, 2022
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CMA approves 2 IPOs as Saudi listing boom continues
Saudi Arabia’s Capital Market Authority has given a green light to two initial public offerings amid the Kingdom’s current bourse listing boom.
The stock market regulator approved the real estate developer, Retal Urban Development Co.’s application, with 12 million shares to be offered, representing 30 percent of the firm’s capital.
Investment firm Abdullah Al-Othaim Investment Co. will also offer 30 million shares, amounting to 30 percent of its total capital, the CMA said in a statement.
Both approvals will be six months from the CMA board resolution date and will be canceled if the companies’ offerings are not completed within this period.
Abdulghani clinches first gold for Saudi Arabia in Gulf Games
Ali Abdulghani grabbed Saudi Arabia’s first gold medal in the 3rd Gulf Games, which kicked off in Kuwait on Monday. He emerged tops in the javelin throw by hurling a distance of...
Al-Khateeb, Pramudwinai seek to strengthen cooperation in field of tourism
Minister of Tourism Ahmed Bin Aqeel Al-Khateeb met with Deputy Prime Minister and Minister of Foreign Affairs of the Kingdom of Thailand Don Pramudwinai.
‘Musical Culture’ to be introduces in Saudi schools
The Music Commission launched on Monday an extra-curricular activity called “Musical Culture” in Saudi schools with the cooperation of the Ministry of Education.
Saudi Arabia facing no crisis of grain supplies, SAGO asserts
Zaid Al-Shabanat, deputy governor of the Saudi Grains Organization (SAGO), emphasized that there is no crisis in the grain supplies in the Kingdom.
Guinea-Bissau supports Saudi Arabia's bid to host World Expo 2030
Minister of Foreign Affairs, International Cooperation and Communities of the Republic of Guinea-Bissau Suzi Carla Barbosa announced her country's support for the Kingdom of Sau...
Oil maximum capacity to reach 13.4 mbpd by 2027: Prince Abdulaziz
Minister of Energy Prince Abdulaziz Bin Salman said that the oil maximum production capacity in the Kingdom would be raised by 13.3 million-13.4 million barrels per day (bpd).
Crown Prince leaves for UAE to offer condolences on death of Sheikh Khalifa
The Royal Court issued Monday the following statement: Upon the directive of Custodian of the Two Holy Mosques King Salman, Crown Prince Mohammed Bin Salman, deputy prime minist...
Saudi surgical team announces death of one of the separated Yemeni conjoined twins
The Saudi specialist surgeons team that successfully operated the separation surgery of the Yemeni conjoined twins in King Abdulaziz Medical City in Riyadh Sunday, announced tha...
Heritage Commission to renovate partially collapsed Sahoud Palace in Mubarraz
Saudi Arabia’s Heritage Commission said that the historic Sahoud Palace in the city of Mubarraz in Al-Ahsa governorate in the Eastern Province had collapsed partially on Sunday.
Foreign minister affirms Saudi Arabia’s commitment to expand ties with Thailand
Foreign Minister Prince Faisal Bin Farhan affirmed Saudi Arabia’s commitment to expand the relationship with Thailand.
Saudi Arabia refutes misinformation on NEOM, affirms sovereignty over city
An official Saudi source refuted the misperceptions published in the media about NEOM, Saudi Press Agency (SPA) reported early Monday.
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