Saudi Arabian budget airline flynas is planning to raise up to 4.1 billion riyals, equivalent to $1.1 billion, through an initial public offering (IPO) in Riyadh. This announcement was made by the airline on Monday and signifies a significant move in the aviation sector, as it marks the first IPO of a Gulf airline in...
United Carton Industries Company (UCIC), a Saudi cardboard packaging producer, has announced that it will raise 600 million Saudi riyals (approximately $159.98 million) by setting its final initial public offering (IPO) price at SAR 50 per share. This move will position the company with a market capitalization of SAR 2 billion ($533 million) upon its...
First Abu Dhabi Bank (FAB) has emerged as the third-largest banking institution in the Middle East and Africa, with a market capitalization of $41.54 billion. This advancement was marked by a modest increase of 0.6 percent in its market value, reflecting the bank’s competitive standing in a robust financial landscape. The total market capitalization of...