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IPO
TASI’s correction year
The telecom sector was the only gainer of the year
CGS ekes out 0.8% gain on first day of Tadawul trading
The company’s debut comes after a run of weak of IPO performances
Alwazn Almithaly opens books on Nomu IPO
The subscription period will run until 9 December.
Almasar Education bucks a bruising year for Saudi IPOs
Around 21.4 mn shares changed hands across 41k trades worth SAR 450.4 mn
M&A
EA deal is on the regulator’s table — US partners and rapport with Washington could help secure the green light
The deal structure sees the PIF taking a 93.4% controlling interest
Al Hammadi to acquire 40% of Wareed Medica
Fakeeh Care targets controlling stake in Diagnostic Elite to fund expansion
PIF raises SAR 950 mn in Masar share sale
The latest offer price represents a 32% premium to Masar’s final IPO price of SAR…
Ades wraps up Shelf Drilling acquisition
Ades plans to refinance Shelf’s debt this year, targeting over USD 30 mn in annual…
Debt
Bank Albilad raises USD 500 mn from AT1 sukuk
PLUS: Binyah and Saudi Cable secure loans
More international sukuk
Riyad and Al Rajhi secured a total of USD 2 bn
Fresh paper to start the year
The offering covers maturities of three, five, 10, and 30 years
AI may be engineering its own bust
Morgan Stanley predicts AI infrastructure investment needs will keep US inflation above the Federal…
Macro + Economy
Non-oil economy, budget deficit, cooling inflation: The 2025 macro mix
The GDP trend followed a clear accelerating trajectory during the first 3 quarters of…
Rebounding sentiment
The Consumer Confidence Index rose to its highest level since March
Services exports outpace imports growth
Travel services took the lion’s share of exports with a total value of SAR…
Rebounding sentiment
The Consumer Confidence Index rose to its highest level since March