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Most major Gulf markets gain after IMF lifts region's economic outlook | Reuters

Most major Gulf markets gain after IMF lifts region's economic outlook | ReutersMost major Gulf stock markets ended higher on Thursday after the International Monetary Fund (IMF) raised its economic forecasts for the region, while the Saudi index closed flat as some stocks traded ex-dividend.The IMF said on Wednesday it expected most Gulf economies to recover this year at a faster pace than previously estimated, as it raised its 2021 global growth forecast to 6% from 5.5%.In Dubai, the main shar...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Imf, Gulf, Reuters, International Monetary Fund IMF, Qatar National Bank, Rupert Neil Bumfrey, Banque Saudi Fransi, Khalid Al Hussan, First Abu Dhabi Bank, Alinma Bank, Emirates NBD Bank


#Saudi bourse Tadawul receives proposals from 10 firms seeking advisory roles for IPO | Reuters

Saudi bourse Tadawul receives proposals from 10 firms seeking advisory roles for IPO | ReutersSaudi Arabia’s bourse Tadawul has received proposals from 10 local and international firms on potential advisory roles for its upcoming initial public offering (IPO), Group Chief Executive Khalid al-Hussan said on Wednesday.“In the next two weeks, we will be announcing the appointment of the advisor or advisors of that offering,” al-Hussan told Reuters.Saudi Arabia’s stock exchange has converted itself ...
Tags: Travel, Reuters, Tadawul, Reuters Saudi Arabia, Rupert Neil Bumfrey, Khalid Al Hussan, HUSSAN, ReutersSaudi Arabia, Saudi Tadawul Group


#Saudi Stock Exchange Targets IPO, Revamps Corporate Structure - Bloomberg

Saudi Stock Exchange Targets IPO, Revamps Corporate Structure - BloombergSaudi Arabia’s stock exchange, the largest in the Middle East, announced a reorganization of its corporate structure as it prepares for a highly anticipated initial public offering this year.The newly created Saudi Tadawul Group will have four subsidiaries, comprising the exchange, a clearing center, a depository company and a technology-services business. The changes create the “necessary platform” to strengthen the group’...
Tags: Travel, Saudi Arabia, Ipo, Middle East, Saudi Aramco, Rupert Neil Bumfrey, Saudi Tadawul Group



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