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Aramco shares rise after follow-on offering
Foreign investors accounted for the majority of the offering’s institutional tranche
Turkey could levy a tax on stocks
Treasury and Finance Minister Mehmet Simsek said the government is considering a “very limited” transaction tax
Aramco could give more than half of secondary offering to foreign investors
The sale drew in orders of over USD 65 bn
Al Sagr Ins. files for SAR 160 mn rights issue to teak capital base, fuel growth
Shareholders are scheduled to vote on the rights issue on 26 June
Fakeeh Care shares rise 10% in Tadawul debut
Pundits seem to think the shares would have enjoyed a bigger first-day pop had Aramco not been in the market…
Cross-listing ETFs between Tadawul + HKSE could get easier
PLUS: New helicopter landing sites + Shamal Al Riyadh Hospital opens next week
Rasan’s retail offering was 12.8x oversubscribed
Institutional offering reduced to 90%
Aramco’s blockbuster share sale sells out within hours
Institutional book-building continues until this Thursday
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