The market capitalisation of Saudi Arabia’s Tadawul Exchange grew 24.21 per cent annually to reach 11.96 trillion riyals ($3.19tn) in the first quarter of 2022, as the Arab world’s biggest stock market continues to have increased momentum.
The Tadawul All Share Index closed at 13,090.40 points at the end of March 31, up 32 per cent by 3,182.58 over the same period of the previous year, the exchange said in a statement on its website on Sunday. The highest close level for the index during period was 13,101.36 points on March 29.
The bourse is up 16 per cent in the year to date, according to Kamco Invest.
The total value of shares traded in the three months to March 31, 2022 decreased by 22.15 per cent to 542.81 billion riyals compared with the same period last year.
The total volume of shares traded during the period also dropped by 40.98 per cent, to 12.87 billion.
The total number of transactions executed on the Tadawul during the first quarter was down 14.33 per cent to 23.64 million, the statement said.
Saudi Arabia has been seeing growing interest for initial public offering issuances and topped the GCC last year in terms of the number of listings.
The kingdom accounted for 15 out of 20 IPOs in the region, with the listings taking place both on Tadawul’s main market and its Nomu parallel market, Kamco Invest said in a report.
The country also accounted for about 62 per cent of the value of the region’s offerings, at about $4.65bn.
Energy company Acwa Power’s IPO last year, which raised $1.2bn, was the kingdom’s largest listing since state oil company Saudi Aramco went public in 2019.
The pipeline for this year also looks strong: Saudi Arabia’s stock exchange has 50 applications from companies for IPOs in 2022, its chief executive said in December.
Tadawul, which is among the top 10 global stock markets, became the third publicly traded regional stock exchange when it listed in December 2021, after the Dubai Financial Market and Boursa Kuwait.
The bourse, majority owned by the kingdom’s Public Investment Fund, raised 3.78bn riyals through the IPO, which was 121 times oversubscribed. The company sold 36 million shares representing 30 per cent of its issued share capital to institutional and individual investors.
Saudi Tadawul Group, the owner and operator of the kingdom’s stock exchange, posted a 17 per cent increase in annual net income in 2021.
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
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UAE currency: the story behind the money in your pockets
JERSEY INFO
Red Jersey
General Classification: worn daily, starting from Stage 2, by the leader of the General Classification by time.
Green Jersey
Points Classification: worn daily, starting from Stage 2, by the fastest sprinter, who has obtained the best positions in each stage and intermediate sprints.
White Jersey
Young Rider Classification: worn daily, starting from Stage 2, by the best young rider born after January 1, 1995 in the overall classification by time (U25).
Black Jersey
Intermediate Sprint Classification: worn daily, starting from Stage 2, by the rider who has gained the most Intermediate Sprint Points.
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Ferrari
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Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
The Matrix Resurrections
Director: Lana Wachowski
Stars: Keanu Reeves, Carrie-Anne Moss, Jessica Henwick
Rating:****
PROFILE
Name: Enhance Fitness
Year started: 2018
Based: UAE
Employees: 200
Amount raised: $3m
Investors: Global Ventures and angel investors
WITHIN%20SAND
%3Cp%3EDirector%3A%20Moe%20Alatawi%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Ra%E2%80%99ed%20Alshammari%2C%20Adwa%20Fahd%2C%20Muhand%20Alsaleh%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 201hp at 5,200rpm
Torque: 320Nm at 1,750-4,000rpm
Transmission: 6-speed auto
Fuel consumption: 8.7L/100km
Price: Dh133,900
On sale: now
Racecard
5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m
5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m
6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m
6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m
7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m
7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m
India team for Sri Lanka series
Test squad: Rohit Sharma (captain), Priyank Panchal, Mayank Agarwal, Virat Kohli, Shreyas Iyer, Hanuma Vihari, Shubhman Gill, Rishabh Pant (wk), KS Bharath (wk), Ravindra Jadeja, Jayant Yadav, Ravichandran Ashwin, Kuldeep Yadav, Sourabh Kumar, Mohammed Siraj, Umesh Yadav, Mohammed Shami, Jasprit Bumrah.
T20 squad: Rohit Sharma (captain), Ruturaj Gaikwad, Shreyas Iyer, Surya Kumar Yadav, Sanju Samson, Ishan Kishan (wk), Venkatesh Iyer, Deepak Chahar, Deepak Hooda, Ravindra Jadeja, Yuzvendra Chahal, Ravi Bishnoi, Kuldeep Yadav, Mohammed Siraj, Bhuvneshwar Kumar, Harshal Patel, Jasprit Bumrah, Avesh Khan
UAE currency: the story behind the money in your pockets
