Latest news with #SaudiExchange
Al Bawaba
2 days ago
- Business
- Al Bawaba
Global investors explore deeper diversification in Saudi Arabia as tariff uncertainty persists
Over 300 global institutional investors met with all seven bourses from the Gulf Cooperation Council (GCC) and over 100 GCC corporates at HSBC's GCC Exchanges Conference in London this week. The event comes as global economic uncertainty reshapes capital flows, with global investors exploring new opportunities in the Gulf for long-term, reform-driven growth, and maturing capital in its fourth year, the Conference focused on the region's resilience. Saudi Arabia was a main feature of the first two days of the Conference, where guest speakers included His Excellency Khalid bin Abdulaziz Al-Falih, Minister of Investment of Saudi Arabia and Raed Alrashed Alhumaid, Deputy Market Institutions, Capital Market Authority (CMA), Saudi registered a 3.4% YoY increase in GDP in Q1, Saudi Arabia's non-oil growth is tracking ahead of already strong initial estimates. Discussions focused on plans for the Kingdom's services and non-oil manufacturing sectors, as well as efforts to continue liberalizing financial market AlGhannam, Chief Executive Officer and Board Member, HSBC Saudi Arabia: 'The resilient activity in Saudi Arabia's private and public markets, as well as the breadth of sectors coming to market, is a reflection of investor's confidence in the Kingdom's long-term potential despite testing markets.'Mohammed Al-Rumaih, Chief Executive Officer, Saudi Exchange, said: 'The global investor appetite for the Saudi capital market continues to deepen, driven by the Kingdom's ongoing economic transformation. At the Saudi Exchange, we remain committed to enabling access, enhancing market infrastructure, and fostering transparency to support diversified capital formation across sectors. The strong engagement witnessed this year at the GCC Exchanges Conference further reflects the growing international confidence in the Saudi market and its central role in the Kingdom's national transformation roadmap."Although domestic market liquidity and oil-dependency have been traditional constraints for equity investors, HSBC analysts predict that the combination of IPOs and secondary listings from the Kingdom as well as the removal of foreign ownership limits could lift Saudi Arabia's weight in emerging market Arabia led listing activity in the region during the first quarter, despite a slowdown in issuances globally, with 12 IPOs across sectors such as real estate healthcare, financial services, and AlGhannam continued: 'Global investors are recalibrating for resilience and the GCC's balance sheet strength and sophisticated financial markets ecosystem make it a capital magnet." This year, for the first time, HSBC brought together Emerging Market Macro Strategists with GCC attendees, as EM investors dial-up their exposure to the Gulf's capital markets driven by strong GDP projections relative to the broader EM pool.
Zawya
3 days ago
- Business
- Zawya
Global investors explore deeper diversification in Saudi Arabia as tariff uncertainty persists
Over 300 global institutional investors met with all seven bourses from the Gulf Cooperation Council (GCC) and over 100 GCC corporates at HSBC's GCC Exchanges Conference in London this week. The event comes as global economic uncertainty reshapes capital flows, with global investors exploring new opportunities in the Gulf for long-term, reform-driven growth, and maturing capital markets. Now in its fourth year, the Conference focused on the region's resilience. Saudi Arabia was a main feature of the first two days of the Conference, where guest speakers included His Excellency Khalid bin Abdulaziz Al-Falih, Minister of Investment of Saudi Arabia and Raed Alrashed Alhumaid, Deputy Market Institutions, Capital Market Authority (CMA), Saudi Arabia. Having registered a 3.4% YoY [1] increase in GDP in Q1, Saudi Arabia's non-oil growth is tracking ahead of already strong initial estimates. Discussions focused on plans for the Kingdom's services and non-oil manufacturing sectors, as well as efforts to continue liberalizing financial market infrastructure. Faris AlGhannam, Chief Executive Officer and Board Member, HSBC Saudi Arabia: 'The resilient activity in Saudi Arabia's private and public markets, as well as the breadth of sectors coming to market, is a reflection of investor's confidence in the Kingdom's long-term potential despite testing markets.' Mohammed Al-Rumaih, Chief Executive Officer, Saudi Exchange, said: 'The global investor appetite for the Saudi capital market continues to deepen, driven by the Kingdom's ongoing economic transformation. At the Saudi Exchange, we remain committed to enabling access, enhancing market infrastructure, and fostering transparency to support diversified capital formation across sectors. The strong engagement witnessed this year at the GCC Exchanges Conference further reflects the growing international confidence in the Saudi market and its central role in the Kingdom's national transformation roadmap.' Although domestic market liquidity and oil-dependency have been traditional constraints for equity investors, HSBC analysts predict that the combination of IPOs and secondary listings from the Kingdom as well as the removal of foreign ownership limits could lift Saudi Arabia's weight in emerging market benchmarks. Saudi Arabia led listing activity in the region during the first quarter, despite a slowdown in issuances globally, with 12 IPOs across sectors such as real estate healthcare, financial services, and retail. [2] Mr AlGhannam continued: ' Global investors are recalibrating for resilience and the GCC's balance sheet strength and sophisticated financial markets ecosystem make it a capital magnet.' This year, for the first time, HSBC brought together Emerging Market Macro Strategists with GCC attendees, as EM investors dial-up their exposure to the Gulf's capital markets driven by strong GDP projections relative to the broader EM pool. Media enquiries to: Ahmad Othman HSBC in the MENAT region HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at 31 December 2024.
Bloomberg
4 days ago
- Business
- Bloomberg
Saudi Arabia's Flynas Falls In IPO Debut Amid Conflict Jitters
By and Leen Al-Rashdan Save Saudi Arabia's Flynas Co. fell in its Riyadh trading debut on Wednesday as the escalating conflict between Israel and Iran reverberates across regional equity markets and pressures airline stocks. Shares in the low-cost carrier fell 5.6% to 75.50 riyals apiece, while Saudi Arabia's main exchange dropped 0.7% as of 10:03 a.m. The deal was priced at 80 riyals per share last month, the top end of the marketed range which valued the company at 13.7 billion riyals ($3.65 billion).
Zawya
6 days ago
- Business
- Zawya
Time Entertainment to debut on Saudi's Nomu on June 17
The shares of Time Entertainment Company will start trading on the Nomu-Parallel Market from June 17, the Saudi Exchange said in a statement. The stock will trade with daily and static price fluctuation limits of ±30% and ±10%, respectively. Time Entertainment floated 200,000 shares, representing 20% of the company's share capital. The final IPO price was set at SAR 80, with the offering 141.41% oversubscribed. The Riyadh-based Time Entertainment was established in 2012 and has organised numerous events, including the World Economic Forum, Diriyah Season Opening Ceremony, ROSHN Saudi League Closing Ceremony, among others. (Editing by Seban Scaria
Zawya
04-06-2025
- Business
- Zawya
Anmat Technology to float shares on Nomu following Eid holiday
Riyadh – Anmat Technology for Trading Company is set to begin listing its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) on Wednesday, 11 June 2025. The company will float 5 million shares, equivalent to 11.63% of its share capital, under the symbol 9639, according to a bourse disclosure. Tadawul highlighted that the stock will be trading at daily and static price fluctuation limits of +/- 30% and +/- 10%, respectively. The Capital Market Authority (CMA) greenlighted the company's Nomu listing last December. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
