The listing saw RCGC offer 33,000,000 ordinary shares, representing 22% of its share capital, at a price of SAR 43.00/share, implying a total market capitalization of SAR 6.45bn. The transaction garnered significant traction from regional and global investors, having been 72x oversubscribed on the institutional tranche. Trading on the company’s shares commenced today, with RCGC listed under the ticker 4142.
Saudi stock exchange has been witnessing huge losses for the second week respectively. According to a report issued by Al-Hayat news website, Tadawul—the stock market of Saudi Arabia—lost more than $3.5bn due to declining demand. The report added that the liquidity in the market declined by 18%, affecting the Tadawul All Share Index (TASI) negatively. …
Abu Dhabi Securities Exchange (ADX) rose by 2.25% while Saudi Stock Exchange (Tadawul) increased by1.21%
The Abu Dhabi Securities Exchange (ADX) came in second place, increasing by 4.21%, while the Saudi Stock Exchange (Tadawul) followed, climbing by 4.01%
A minimal surge was noted by the Kuwait Stock Exchange (KSE), which increased by 0.12% over the week’s trading
Saudi stock exchange comes at the top of Arab shares markets with four issuances worth EGP 8.665bn
