BusinessLatest Business and Company Updates
Saudi Savola’s Rump Offering Sees Massive Over-Subscription
Saudi Arabia’s Savola Group has garnered substantial investor interest, with its recent rump offering of shares being oversubscribed by an astonishing 814.2%. This significant oversubscription underscores robust confidence in Savola’s market position and future prospects.The rump offering, which was part of a larger capital increase strategy by the Savola Group,
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Durov’s Arrest Sparks Global Outcry, Over 2 Million Sign #FREEDUROV Petition
Telegram founder Pavel Durov's detainment by French authorities at Le Bourget Airport near Paris has triggered a global wave of protests. Over 2 million people have signed an online petition urging his release, highlighting growing concerns over digital privacy and
Etihad Airways Achieves Record $476 Million Profit in 2024 Amidst Robust Passenger Growth
Etihad Airways has reported a record net profit of $476 million for 2024, marking a significant milestone in the airline's financial performance. This achievement reflects a more than threefold increase from the $143 million profit recorded in 2023. The surge
Arada Eyes $500 Million Sukuk to Fuel Gulf Land Acquisitions
Arada Developments, the Sharjah-based property developer, is preparing to raise up to $500 million via an Islamic bond as it joins a wave of Gulf real estate firms turning to debt markets to fund expansion. The group plans to
