Saudi Arabia and the world
Tuesday, Nov 29, 2022
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Saudi PIF to sell 10% of its stake in Saudi Tadawul Group
Saudi Arabia's Public Investment Fund plans to sell 10 percent of its stake in the Kingdom's stock exchange operator Saudi Tadawul Group Holding Co. through an accelerated book-building offering.
PIF, which has over $600 billion in assets, is selling 12 million shares in Tadawul Group, according to a bourse filing.
The offering is in line with PIF’s strategy of recycling its capital in order to invest in emerging and promising sectors of the local economy, according to a statement.
The price per offer share will be determined through an accelerated book-building process that will begin immediately, and the results will be announced on Friday, Nov. 11.
The sovereign wealth fund has hired both HSBC Saudi Arabia and Morgan Stanley Saudi Arabia to act as joint global coordinators, as well as Al Rajhi Capital to act as joint book-runner.
Leading media outlets urge US to end prosecution of Julian Assange. Publishing war crimes is not a crime, the media outlets said.
The United States should end its prosecution of Julian Assange, leading media outlets from the United States and Europe that had collaborated with the WikiLeaks founder said on ...
Shell to buy renewable gas producer in £1.7bn deal
Shell will acquire a 100% stake in Denmark-based Nature Energy, which produces renewable natural gas.
Oil up amid Wrangling over Russian Oil Price Cap
Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil.
Riyadh hosts WTTC's Global Summit
The 22nd World Travel and Tourism Council Global Summit (WTTC) kicked off in Riyadh on Monday under the theme of “Travel for a Better Future.” The Saudi Press Agency (SPA) quote...
Khamenei's Niece Arrested after Urging World to Cut Ties with Iran
Iranian Supreme Leader Ali Khamenei's niece, a well known rights activist, has called on foreign governments to cut all ties with Tehran over its violent crackdown on popular un...
Lebanon: Hezbollah Calls for Election of a President Capable of Leading Dialogue on Arms
Lebanon’s Hezbollah party called for holding dialogue over its weapons, and for the election of a president, “who has the ability” to carry out economic rescue efforts and to di...
Kuwait is Top Investor in Jordan with $18 Billion
Kuwait's ambassador to Jordan Aziz Al-Daihani revealed on Saturday that Kuwait is the first investor in Jordan with investments worth 5.5 billion Kuwaiti dinars ($18 billion).
UAE Govt Annual Meetings Unveil 8 Projects, National Initiatives
The UAE revealed eight national projects and initiatives as part of the outcomes of the annual meetings of the UAE government, which were held this week in the presence of Presi...
GCC’s Banks Gross Loans Reach $1.93 Trillion
The aggregate gross loans in the Gulf region reached a new record of $1.93 trillion, and the banking sector in the Gulf countries is witnessing the initial interest rate hike ap...
Saudi Non-oil Exports Grow by 13%
The Saudi General Authority for Statistics (GASTAT) revealed on Thursday that Saudi non-oil exports grew during the third quarter of 2022 by 13%, while they jumped by more than ...
Iran Says It Has Proof that Western States Were Involved in Protests
Iran has proof that Western nations were involved in protests that have swept the country, the foreign ministry said on Monday.
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