PIF sells 10% of Tadawul
PIF sells 10% in Tadawul Group through accelerated bookbuild: Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), successfully sold on Friday a 10% stake in Tadawul Group, via an accelerated bookbuild, according to a regulatory filing (pdf). The 12 mn shares were sold at SAR 191 apiece, 8.9% below its closing price on Thursday. HSBC Saudi Arabia and Morgan Stanley were joint global coordinators and joint bookrunners for PIF, while Al Rajhi Capital was also joint bookrunner.
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EGX30 |
11,757 |
-0.2% (YTD: -1.6%) |
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USD (CBE) |
Buy 24.36 |
Sell 24.44 |
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USD at CIB |
Buy 24.39 |
Sell 24.44 |
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Interest rates CBE |
13.25% deposit |
14.25% lending |
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Tadawul |
11,212 |
-1.7% (YTD: -0.6%) |
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ADX |
10,630 |
+0.1% (YTD: +25.2%) |
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DFM |
3,407 |
+0.7% (YTD: +6.6%) |
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S&P 500 |
3,993 |
+0.9% (YTD: -16.2%) |
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FTSE 100 |
7,318 |
-0.8% (YTD: -0.9%) |
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Euro Stoxx 50 |
3,869 |
+0.6% (YTD: -10.7%) |
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Brent crude |
USD 95.99 |
+2.5% |
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Natural gas (Nymex) |
USD 5.88 |
-5.8% |
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Gold |
USD 1,769.40 |
+0.9% |
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BTC |
USD 16,792 |
+0.2% (YTD: -63.6%) |
THE CLOSING BELL-
The EGX30 fell 0.2% at Thursday’s close on turnover of EGP 1.28 bn (13.6% above the 90-day average). Regional investors were net buyers. The index is down 1.6% YTD.
In the green: Credit Agricole Egypt (+6.9%), Rameda Pharma (+5.0%) and Ezz Steel (+4.8%).
In the red: CIB (-4.7%) and Eastern Company (-4.2%).