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Posted inPLANET FINANCE

Another IPO in Riyadh

Another Saudi IPO in the cards: Saudi Arabian Airlines (aka Saudia) and Tarabot Air Cargo services will offer a 30% stake in air cargo handler Saudi Logistics Services(SAL) to the public in an IPO on the Tadawul, according to a press release. The two shareholders will offer 24 mn shares in their subsidiary. Saudia currently […]

Posted inCALENDAR

SEPTEMBER 10-12 September (Sunday-Tuesday): Sahara agriculture exhibition, Egypt International Exhibition Center, Cairo. 13-14 September (Wednesday-Thursday): Hydrogen Egypt Summit, Nile Ritz Carlton, Cairo. 13 September (Wednesday): Deadline for settling outstanding military service in FX. 15 September (Friday): Ultraibex Wadi Degla Protectorate clean-up event. 15 September (Friday): IMF to review USD 3 bn program. 15 September (Friday): […]

Posted inWHAT WE’RE TRACKING TONIGHT

THIS EVENING: Gov’t looking at USD 2 bn Golden Triangle industrial zone with private sector players?

Good afternoon, wonderful people, and happy almost-THURSDAY. We have a pleasantly brisk but balanced news day so far as the slide towards the weekend gathers steam. THE BIG STORY TODAY New Golden Triangle industrial zone? The General Authority for Freezones and Investment (GAFI) is reportedly in talks with a handful of private sector companies to […]

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