Latest news with #Argaam
Argaam
5 days ago
- Business
- Argaam
Al Kuzama shares to debut on Nomu on June 2
The Saudi Exchange (Tadawul) announced that Al Kuzama Trading Co. will start trading on the Nomu -Parallel Market as of June 2, with the symbol 9636 and ISIN Code SA16AG54MI15. The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively, according to a Tadawul statement today, May 29. For More IPOs Separately, the Securities Depository Center Co. (Edaa) said Al Kuzama's subscribed securities were deposited today into the accounts of eligible shareholders. According to Argaam data, the company earlier floated 422,400 shares, representing 10.71% of the company's post-IPO capital and 12% of pre-IPO capital, at a nominal value of SAR 10 each. The final IPO price was set at SAR 107 each, and the offering was 108.38% covered.
Argaam
7 days ago
- Business
- Argaam
Dome extends subscription period to end June 1
Dome International for Investment Co. extended the subscription period on Nomu-Parallel Market to June 1, 2025, financial advisor Watheeq Capital said in a statement to Tadawul. The company published a supplementary prospectus that included an amendment to the offering period, which now spans 10 business days, ending on June 1, 2025. The dates for announcing the final allocation and refunding any excess funds, if applicable, were also amended. IPO Summary After Amendment Issue Percentage 14.53% of post-IPO capital (17% pre-IPO capital) Offered Shares 850,000 Offer Period May 19-June 1, 2025 Final Allocation June 3, 2025 Surplus Refund (if any) June 4, 2025 Qualified investors began subscribing to 850,000 shares of Dome International on the Nomu-Parallel Market on May 19, according to Argaam data. The price was set at SAR 42 per share, and the subscription period was set to run for six business days to end May 26. Dome International has SAR 50 million in capital, divided into five million shares at a par value of SAR 10 each. The company's capital will reach SAR 58.5 million after the IPO, divided into 5.85 million shares.
Argaam
24-05-2025
- Business
- Argaam
Saudi stock market in the week ahead
In this report, Argaam watches the most important dates and events for Tadawul and Nomu-listed companies this week. This we
Argaam
21-05-2025
- Business
- Argaam
ACWA Power secures CMA nod on capital hike via SAR 7.12B rights issue
ACWA Power Co. secured the Capital Market Authority's (CMA) no-objection on its planned capital top-up through a rights issue worth SAR 7.125 billion, according to a Tadawul filing today, May 20. Subscription eligibility will be limited to shareholders registered with the Security Depository Center (Edaa) as of the closing of the second trading day after the deciding extraordinary general meeting (EGM), the date for which is yet to be set by ACWA Power's board of directors. The offering price and the number of shares on offer shall be determined by the company after the close of trading on the same day the EGM is due. The rights issue prospectus will be published to the public at a later date. The CMA's approval of the proposed move should never be considered as a recommendation to participate in the offer nor invest in the company's shares. It merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met. In June 2024, ACWA Power's board recommended increasing capital through a SAR 7.125 billion rights offering, according to Argaam 's data. The issuance's proceeds will support its new growth strategy that was adopted in 2023, which targets tripling operations by 2030. This requires higher annual investment obligations, besides maintaining a strong financial position, the company noted.
Argaam
19-05-2025
- Business
- Argaam
Argaam organizes Third Edition of "Argaam Connect"
Argaam team organized the third edition of Argaam Connect as part of the "Argaam 25" Summit. The move builds on the company's continued success. The event brings together investors and financial institutions to explore promising investment opportunities in the Kingdom—particularly those offered by Nomu-listed companies, which represent one of the most dynamic and fast-growing sectors. In addition, the event aims to connect institutional investors with listed companies, enabling them to assess investment opportunities and stay informed about the latest business developments of participating firms. This edition witnessed notable engagement from investors with participating companies, where the operational and financial performance of these firms was presented to the attendees. The event facilitated rich dialogue and constructive discussions between both parties.
