Latest news with #AlbiladInvestment
Argaam
3 days ago
- Business
- Argaam
AICC names Albilad Capital as financial advisor UCA merger
Arabia Insurance Cooperative Co. appointed Albilad Investment Co. (Albilad Capital) as a financial advisor on the proposed merger with United Cooperative Assurance Co. (UCA). In a statement to Tadawul today, the company said that announcements will be made later for any future developments as they occur. In June, AICC signed a non-binding memorandum of understanding (MoU) with UCA to evaluate a potential merger between the two Saudi-listed companies, according to Argaam data.
Argaam
27-02-2025
- Business
- Argaam
Umm Al Qura for Development IPO oversubscribed 241x, final price set at SAR 15
Umm Al Qura for Development and Construction Co. completed the book-building process for the initial public offering (IPO) on the Main Market (TASI), Albilad Investment said in a statement to Tadawul. Albilad Investment, GIB Capital, and Al Rajhi Capital act as financial advisors, while Albilad Investment, GIB Capital, Al Rajhi Capital, and Alinma Investment serve as bookrunners and underwriters on the IPO. The final IPO price was set at SAR 15 per share, and the order book was 241x oversubscribed, it added.
