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IPO
THIS MORNING: IPO ambitions hold steady against valuation markdowns as June deadlines loom
Jazeera Airways is upping its Saudi-based capacity by 40% next month
How Sico navigated the first TASI underperformance in a decade
Active stock picking and shifts into ex-Saudi markets provided a hedge against TASI valuation resets
Saleh Abdulaziz posts first-day pop
The institutional tranche of the offering was 67.7x oversubscribed
Are IPOs heading for a temporary pause?
The window for a pre-summer listing is already closed for companies that haven’t secured regulatory…
M&A
Savvy to snap up ByteDance’s Moonton for USD 6 bn?
The agreement brings Mobile Legends: Bang Bang under the PIF’s umbrella
Sidara closes on Wood — and becomes one of the world's biggest private engineering firms
The deal, nearly two years in the making, will give Sidara a strategic edge as…
Tasnee sells Al Rowad Industrial Transformation to Tahweel Holding
Tasnee divested from all of its shares in Al Rowad Industrial Transformation to Tahweel Holding…
PIF-backed Scopely moves for USD 1 bn Turkey gaming play
The move brings the studio behind the viral puzzle hit Pixel Flow! into the Savvy…
Debt
Saudi debt issuers hold off due to war premium pricing strike
The Iran war appears to have stalled issuers’ willingness to pay, not their ability…
The regional war hits the international bond market
So far this month, over USD 2.5 bn has been wiped off global bond…
GCC debt markets hit the brakes as geopolitical risk spikes
Heavy demand from Islamic banks is keeping sukuk spreads tighter than conventional bonds
Saudi Electricity Company secures SAR 16 bn in shariah-compliant financing
SEC’s refinance play was backed by quite a few local and regional lending giants
Macro + Economy
Uncertainty reigns as ceasefire’s fate hangs in the balance
We’re entering yet another period of uncertainty these next two weeks, where one of…
GCC can withstand war-related shocks -IMF chief
Good morning, friends. The regional war still holds sway as yet another facet of…
Saudization mandate targets back-office roles — with no exemptions for SMEs
Companies have a six-month window to restructure mid-management back-office roles.
Non-oil sector braces for geopolitical storm as PMI dips below 50
The 7.3-point drop is the second-largest in the survey’s history, eclipsed only by the…