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RIYADH — Saudi Fransi Capital, the financial advisor, lead manager, bookrunner and underwriter for Tanmiah Food Company’s (Tanmiah) Initial Public Offering (IPO) has announced that Tuesday, July 27, 2021, is the date for subscription by individual investors to the Retail Tranche of Tanmiah’s IPO.The retail subscription period will last for one day only. Six million (6,000,000) Ordinary Shares, representing 30% of the total shares of Tanmiah Food Company, were offered to institutional investors during the book building process, and six hundred thousand (600,000) Ordinary Shares have been allocated to individual subscribers, representing 10% of the total offered shares, at a price of SR 67 per share.Saudi Fransi Capital stated that the receiving bank, Banque Saudi Fransi, has completed...
July 26, 2021
Tanmiah IPO announces retail subscription date
July 26, 2021
Mohammed Bin Zayed reconstitutes ADCCI; Lulu Group’s Yusuffali appointed vice chairman
July 21, 2021
Hict opens regional headquarter for ME in Riyadh
DAMMAM — Leading retailer LuLu further strengthened its presence in the Eastern Province of Saudi Arabia with the grand opening of its new express store in the heart of Dammam, located at Jalawiya Plaza.With the launch of a new outlet, LuLu's branches in the Kingdom have risen to 22 and 211 globally.Set within the vast and growing community, the new express store, covering a total built-up area of 43,000 square feet, features a one-stop shopping destination for fresh food, groceries, home essentials, and electronics.Speaking on the occasion, Shehim Mohammed Director LuLu Hypermarket KSA said: “We continue to see the improving lifestyle preferences and shopping demands of residents in communities located farther from town centers, which is why it is our continuous endeavor to take...
July 17, 2021
LuLu expands presence in Eastern Province with new outlet in Dammam
July 15, 2021
Microsoft unveils Windows 365 — ushering in a new category of computing
July 14, 2021
KSA, UAE reach compromise on supply, as oil dips on China’s crude imports
July 14, 2021
LuLu warns of fake website, smartphone prize 'anniversary ' offer
July 13, 2021
Oman — Sultanate that combines natural beauty with extraordinary opportunity
July 12, 2021
Acquisitions diversify logistics footprint at the expense of deleveraging
July 11, 2021
Foundation Holdings investment in Shifa Al Munthaza
Polyclinic to positively impact health care in Kingdom
