Logo of Saudi Advanced Industries Co. (SAIC)

Deutsche Gulf Finance Co., in which Saudi Advanced Industries (SAIC) owns 31.62% of the capital, obtained the initial approval of the Central Bank of Saudi Arabia (SAMA) to offer the company’s stocks in Tadawul, SAIC said in a bourse filling.

 

This approval is conditional on obtaining SAMA’s final no-objection and other relevant authorities’ approvals within a year from the date of approval, SAIC added.

 

The step comes as part of SAIC’s endeavors to encourage its associates to list their shares in the capital market whenever this is possible, to benefit from the positive impact of such a step on shareholders' equity and the company's financial position, the statement added.

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request