SaeedAzhar
Stories by SaeedAzhar
Abu Dhabi Global Market licenses Kraken to operate crypto exchange
The Kraken group, founded in 2011, serves more than 9 million customers across 60 countries.
UAE’s IHC to invest $2b in Adani Group companies
It will provide capital to Adani Green Energy, Adani Transmission and Adani Enterprises.
Saudi sovereign fund PIF, stc Group ink JV to form IoT-focused company
The Riyadh-based company will be owned 50% by the PIF and 50% by stc.
Abu Dhabi wealth fund cuts jobs as part of $272m cost-saving programme
The cost savings will help ADIA divert money into new projects such as R&D.
Saudi sovereign fund in talks with banks to extend $15b loan
The PIF's one-year loan was provided by 17 banks and has four extension options.
PIF-backed Saudi digital security firm Elm set to raise $818m in IPO
S Arabia has had a surge in IPOs since it listed oil giant Aramco in a $29.4b listing in 2019.
UAE sovereign fund ADIA looking to raise $500m from sale of two Sydney hotels
The two hotels are Novotel Sydney on Darling Harbour and IBIS Sydney Darling Harbour.
MENA’s largest digital freight firm TruKKer acquires Pakistan’s TruckSher
TruckSher, backed by VC firm Sarmayacar, commenced operations earlier this year.
Saudi Telecom’s tech unit eyes raising up to $960m in IPO
Saudi Telecom is selling a 20% stake in its unit in the share sale.
Saudi Aramco seeks to raise at least $17b from gas pipeline
The deal size may include $3.5 billion of equity.
