float

UAE grocery store chain Spinneys to float 25% stake on Dubai Financial Market

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RIYADH: UAE-based grocery store operator Spinneys 1961 Holding PLC has announced its intention to proceed with an initial public offering on the Dubai Financial Market. Al Seer Group, Spinney’s parent company and the selling shareholder, expects to sell 25 percent of the total issued share capital of the firm, equivalent to a total of 900 million … Read more

Saudi Arabia aims to regulate free float trading: CMA official  

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RIYADH: Saudi Arabia’s capital market sector is progressing in the right direction, enabling the Kingdom to achieve its goals outlined in Vision 2030, said an expert.  In an interview with Arab News on the sidelines of the Capital Market Forum in Riyadh, the European Director of Bloomberg, Constantin Cotzias, said that the Kingdom’s plans to … Read more