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Archive of Financial Markets
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Saudi wealth fund PIF plans to buy $10 billion in stocks in 2022
Saudi Arabia’s sovereign wealth fund is planning to plow deeper into public markets this year by investing about $10 billion more into listed stocks, ... Economy -
EIG-led investors in Aramco oil pipelines hire banks for dual-tranche bonds
A group of institutional investors that last year took a stake in Saudi Aramco's oil pipelines network has hired Citi and JPMorgan to help refinance a ... Energy -
FTSE 100 heads for biggest annual gain in five years, backed by industrial stocks
UK’s FTSE 100 was poised for its best annual performance in five years, supported by gains in commodity-linked and industrial stocks, although the ... Financial Markets -
Reddit confidentially files to go public
Social media platform Reddit said on Wednesday it had confidentially filed for a proposed initial public offering (IPO) with the US Securities and ... Financial Markets -
Saudi Telecom Company lists $3.2 bln worth of shares, second-largest on Tadawul
The Saudi Public Investment Fund (PIF) sold six percent of the share capital of Saudi Telecom Company (STC) worth $3.2 billion, the second-largest ... Financial Markets -
Elon Musk sells another $906 million worth of Tesla shares
Tesla CEO Elon Musk has sold another 934,091 shares of the company that are worth $906 million, US securities filings showed on Monday.For the latest ... Technology -
Saudi bourse outperforms Gulf peers in early trade
Stock markets in the Gulf were mixed in early trade on Monday, with the Saudi index outperforming the region as oil prices rose.Oil prices, a key ... Financial Markets -
Abu Dhabi's Mubadala says investing in crypto ecosystem: Report
Abu Dhabi state fund Mubadala has invested in the ecosystem around cryptocurrencies, such as block-chain technology, given the increase in the digital ... Technology -
Dubai Financial Market to shift to Monday to Friday week
Dubai Financial Market (DFM) will start trading on a Monday to Friday week beginning Monday January 3 2022 in line with a nationwide weekend change, ... Financial Markets -
Saudi Tadawul has 50 IPO applications for 2022, looking at SPAC model
Saudi Tadawul Group has received 50 applications for initial public offerings (IPO) next year, of which 20 percent to 25 percent are for main-board ... Financial Markets