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Arabian United Float Glass is taking a 7% stake to Nomu
The offering could see the company raise SAR 64.3 mn in proceeds, if fully covered
Investors lose access to key data as China stops sharing daily flows data
China is expected to see its first annual outflow from its bourse since 2016
Global stocks record best week in nine months as US data calm recession fears
This comes as markets rebound from a “brutal” sell-off during the first week of August
Mawani + Al Jeri to develop two new logistics zones
PLUS: Saudi plans to launch a sky tram by 2025 to improve access to the Cave of Hira in Makkah
Tharwah HR’s Nomu offering closes fully subscribed
The regional HR agency is taking a 15% stake to Nomu
Cenomi Centers is the latest addition to the MSCI Saudi Arabia Small Cap Index
Modern Mills for Food Products was also added to the small cap index
ASG Plastic Factory wraps up its Nomu offering
The company priced the offering top of the price range at SAR 44 a piece.
Investors are piling into Turkish assets as the country’s reform program bears tentative fruit
TRY-denominated bonds have risen 6.3% since March’s rate hike — far outstripping the average 1.1% increase across similar emerging markets
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