BusinessLatest Business and Company Updates
Saudi CMA Sets Stage for Three Exclusive IPOs
Saudi Arabia’s Capital Market Authority has greenlit three initial public offerings on the Tadawul Parallel Market, signalling sustained investor interest and broadening of the kingdom’s capital markets. The regulator authorised offerings for Zahr Al Khuzama Aluminium Company, Quality Education Company and Sahat Almajd Company Trading on 18 June 2025.The combined
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IILM sukuk sale tests market depth
Kuala Lumpur-based International Islamic Liquidity Management Corporation has raised $1.475 billion through a US dollar-denominated short-term sukuk auction, marking its largest single issuance since its first auction in August 2013 and underscoring the continuing depth of demand for high-quality Islamic
HyperMax Ushers in New Grocery Era with Six Stores in Bahrain
Majid Al Futtaim has opened six HyperMax outlets in Bahrain, coupled with an online store offering, as it pushes its grocery retail ambitions further into the Gulf market.The launch delivers a brand positioned on local produce, value pricing and convenience,
Modon awards Dh5bn Hudayriyat villas contract
Abu Dhabi-based developer Modon Holding has awarded a Dh5 billion main construction contract for two large residential communities on Hudayriyat Island, underlining the pace of high-end housing development in the capital’s waterfront corridor. The award covers Nawayef East and
