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,
Region
Encrypt Your Photos with ‘Valv’: New Android App Simplifies Secure Backup
The 'Valv' app, a newly launched tool for Android devices, promises enhanced security for users' photo galleries through encryption. This innovative application enables users to create encrypted backups and folders, ensuring that their personal images are protected from unauthorized access.Developed
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
Amanat Holdings Nets AED 294 Million from Sale of Dubai School Assets
Amanat Holdings has achieved a significant financial return, posting a net cash gain of AED 294 million following the sale of North London Collegiate School’s real estate assets in Dubai. The deal, valued at AED 453 million, marks a