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- Commercial Bank, Microsoft co-host first DHL4SMEs workshop
- Dukhan Bank announces April winners in Thara'a savings account prize draw
- Qatar advances sustainable desalination with innovative technologies
- E-payments account for 79% of Saudi retail transactions in 2024: SAMA
- Fitch sees resilient credit metrics for Omani banks in 2025
- Bank Muscat's Q1 profit rises 8% to RO58.5mn
- Dubai gold price hits another record after near Dh7 a gram rise
- Europe enjoying some 'exorbitant privilege' as funds head home
- Dubai listed companies buck wider declining GCC trend
- E& shareholders approve 83 fils dividend per share for FY 2024
28/05/2015 21:12 AST
Saudi Ground Services Company, a unit of national carrier Saudi Arabian Airlines, has set the price for its 30 per cent initial share sale at 50 riyals ($13.3) per share, a statement from the company's financial adviser said on Thursday.
The price, set following a book-building process with institutional investors, means the company will raise 2.8 billion riyals ($752 million) from the offer.
The public offer, first announced in 2012, is part of a move to privatise the Saudi airline.
A subscription period for retail investors will run from June 3 to 9, with 22.56 million shares allocated to them out of a total 56.4 million shares, according to the statement from HSBC's Saudi Arabian unit.
The bank added that institutional investors had pledged orders nine times higher than the full amount of shares offered during the book building.
Around 90 per cent of shares allocated to institutions will go to investment funds, and final allocations will be announced after retail subscriptions are complete, the statement said.
Saudi Arabia's stock market regulator has said it will raise the proportion of shares allocated to institutional investors in initial public offers as it aims to reduce volatility in the market.
Reuters
31/01/2018
For the leading national ground handling Saudi Ground Services Company (SGS) 2017 was a very busy year, where the company served over 87,873,000 passengers and 344,028 flights for 99 of SGS airline c
Saudi Gazette
10/08/2015
Saudi Ground Services Co. announces that Board Member Mr. Rashid Bin Abdullah Almuqait (Independent) has submitted his resignation to Board of Directors on 06-08-2015 to avoid conflict of interest as
Tadawul
07/05/2015
Saudi Arabia's stock market regulator said on Wednesday it had approved an initial public offering of shares in an aviation ground handler, which is set to be the third flotation this year in the Kin
Reuters
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| QGTS | 4.66 | 0.00 (0.00 |
| SAL | 181.80 | -2.20 (-1.20 |
| QNNS | 10.86 | 0.07 (0.64 |
| BUDGETSAUDI | 77.80 | -0.30 (-0.39 |
| LUMI | 63.60 | -0.90 (-1.40 |
16/04/2025
Commercial Bank, a leader in innovative digital banking solutions in Qatar, in collaboration with Microsoft, hosted the first DHL4SMEs workshop on digital and financial strategies for SMEs at Commerc
The Peninsula
16/04/2025
Dukhan Bank announced the names of the most recent round of draw winners for Thara'a, its Shariah compliant savings account, at the Bank's headquarters.
The draw was conducted under the supe
The Peninsula
16/04/2025
Bank Muscat, the largest financial institution in Oman, reported a net profit of RO58.56mn for the first quarter of 2025, compared to RO54.24mn reported during the same period in 2024, reflecting a y
Muscat Daily
16/04/2025
E& shareholders on Tuesday approved the Board's recommendation for FY 2024 of cash dividend of 83 fils (Dh0.83) per share for the fiscal year 2024.
Jassem Mohamed Bu Ataba Alzaabi, Chairman
Khaleej Times
15/04/2025
Dukhan Bank, Qatar's leading provider of Sharia-compliant financial solutions, has launched a new House Finance campaign offering customers exclusive benefits, including a competitive profit rate as
The Peninsula
Financial Information Co.
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