Spinneys’ shares rose up to 11% on its trading debut on the Dubai Financial Market (DFM) on Thursday, before settling up nearly 5% at AED 1.6. Shares opened at AED 1.7, up from the final set price of AED 1.53. The IPO had raised AED 1.38 bn after receiving more than AED 71 bn in […]
Author Archives: enterpriseam admin
MAY 13 May (Monday): Saudi Giga Projects, Riyadh. 13-15 May (Monday-Wednesday): Smart Future Expo, Riyadh. 13-15 May (Monday-Wednesday): Poultry Expo Riyadh. 14-15 May (Tuesday-Wednesday): Saudi Great Futures, Riyadh. 15-16 May (Wednesday-Thursday): Arab Forum of Anti-Corruption, Riyadh. 16-18 May (Thursday-Saturday): Red Sea Fashion Week, The St. Regis Red Sea Resort. 19-21 May (Sunday-Tuesday): Saudi Energy Convention, […]
Jazan is getting its first coffee factory
Good morning, wonderful people, and happy THURSDAY to you all. We hope you’re looking forward to the weekend as much as we are — and offer you a nice, compact little issue this morning to send you on your way. HAPPENING NOW: Commerce Minister Majed Al Qasabi is in Thailand through tomorrow to talk trade […]
Saudi Manpower inches closer to an IPO on Tadawul, says it will price shares in the SAR 7.00-7.50 range
The offering could generate up to SAR 900 mn in proceeds
A snapshot of the bank credit sector in 1Q 2024
Personal loans accounted for almost 47.6% of banking system’s loan book in 1Q
Hospitality Management Holding eyes a bigger share of the local market
Expanding to three new cities with a total of 1.3k rooms in the next two years
Renewables are growing globally, but MENA is lagging
Solar power was the largest contributor to the increase.
Jabal Omar Development names new CEO
The outgoing CEO leaves office by the end of May
Telecoms giant stc reports strong 1Q earnings
Revenues rose 5.1% y-o-y to SAR 19.1 bn in 1Q 2024