بالشعب و للشعب
Saturday, Dec 10, 2022
World's Arab Press Reports
Add Your News
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.
Qatar ‘corruption’ scandal rocks EU Parliament
Top MEP Eva Kaili suspended as lobbying inquiry threatens to snowball.
Crown Prince: Arabs will race for progress and renaissance
Wrapping up the Arab-China Summit for Cooperation and Development,Crown Prince and Prime Minister Mohammed bin Salman reiterated on Friday the resolve of the Arabs to strive for...
Xi announces China to list Saudi Arabia as destination for group travel
Chinese President Xi Jinping announced that his country listed Saudi Arabia as an outbound destination for group travel of Chinese tourists.
Giordano Middle East cap off successful year by bagging two prestigious global retail awards
Giordano witnessed a winning streak at a spate of recent global retail award ceremonies, rounding off 2022 on a high.
Hikvision participated at the 6th Future Investment Initiative in Riyadh
Hikvision took part in the 6th Future Investment Initiative (FII) conference, themed "Investing in Humanity: Enabling a New Global Order", which was held in Riyadh, Saudi Arabia.
Russia lauds Saudi Arabia and UAE role in prisoner swap with US
Russia praised Saudi Arabia and the UAE for helping to carry out the exchange of Russian Viktor Bout for US basketball player Brittney Griner, Kremlin spokesman Dmitry Peskov sa...
Opening Gulf summit, Crown Prince hints at new Saudi vision to bolster GCC states
Crown Prince and Prime Minister Mohammed bin Salman reaffirmed on Friday Saudi Arabia’s intention to present a new vision to further boost the development of the Gulf Cooperatio...
England forward Sterling to return to World Cup after absence for 'family matter'
England forward Raheem Sterling is set re-join the national team for their World Cup campaign in Qatar following his absence for a "family matter."
Spain get new head coach after World Cup elimination
Spain have parted ways with their manager Luis Enrique after a shock World Cup last-16 exit to Morocco, the country’s football federation announced on Thursday.
Al-Jadaan: No change in VAT, expat levy
Saudi Arabia’s Minister of Finance Mohammed Al-Jadaan has said that there is no change in the value-added tax (VAT) or the levy for expatriate workers at present.
Saudi Arabia to host meeting of Global Coalition to Defeat Daesh
Saudi Arabia announced on Thursday that it will host the next ministerial meeting of the Global Coalition to Defeat Daesh in 2023.
Subscribe also to our WhatsApp channel:
Add Your News