S&P maintains 'A-' credit rating on GIG; outlook positive
In a statement to Tadawul, the insurer said the rating reaffirms the company's strong capabilities in managing its operations and financial strategies. It also highlights GIG's ability to achieve growth and profitability while preserving long-term financial stability.
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Argaam
7 minutes ago
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Obeikan Glass, Saudi Azm to debut on TASI today
Tadawul trading screen The Saudi Exchange (Tadawul) said shares of Obeikan Glass Co. will list in the Main Market (TASI) today, trading with the symbol 4145 in the Capital Goods sector. Moreover, shares of Saudi Azm for Communication and Information Technology Co. will also debut on TASI today, with the symbol 7211 in the Software & Services sector. Obeikan Glass and Saudi Azm's stock prices will trade at a 10% daily fluctuation limit. According to data available with Argaam, Tadawul approved on June 29 the requests of both Obeikan Glass and Saudi Azm to move from the Nomu-Parallel Market to TASI. Obeikan Glass has a capital of SAR 320 million, divided into 32 million shares at a nominal value of SAR 10 per share. The stock's last price on Nomu was SAR 38, which will be its opening price on TASI. Meanwhile, Saudi Azm's capital stands at SAR 30 million, with 60 million shares, at a par value of SAR 0.5 per share. The stock's last price on Nomu was SAR 30.24. The number of TASI-listed companies rose to 239, excluding 19 REITs. The number of companies listed on Nomu dropped to 121, excluding Alwaha REIT Fund. Company Profile: Obeikan Glass Obeikan Glass was established in Riyadh as a closed joint stock company, under the Articles of Association dated Dec. 23, 2006, Ministerial Resolution dated Sept. 9, 2007 and the minutes of the Constituent Assembly dated November 2007. The company manufactures, produces, and sells clear float glass and safety glass. The company was directly listed on the Nomu – Parallel Market on February 7, 2022, with a reference share price set at SAR 68 at the time of listing. Since its listing, the company increased its capital once in November 2023, from SAR 240 million to SAR 320 million, through the distribution of bonus shares. Saudi Azm: Saudi Azm was established in Riyadh as a limited liability company in 2017. It provides management advisory services, repair and maintenance of personal computers and laptops, and selling wired and wireless equipment and devices. The company was directly listed on the Nomu – Parallel Market on March 1, 2022, with a reference trading price set at SAR 70 per share. In June 2023, the company made a stock split, reducing the nominal value per share from SAR 10 to SAR 0.5. Saudi Azm Transition Details Item Nomu TASI Capital (SAR mln) 30.0 30.0 Number of Shares (mln) 3.0 60.0 Par Value per Share (SAR) 10 0.5 Sector Capital Goods Capital Goods Daily Fluctuation Limit 30% 10% Listing Price (SAR) 70.00 30.24 Share Trading Eligibility Qualified investors Any Saudi or foreign person, entity, institution, or fund authorized by the Capital Market Law and its regulations to own and trade securities The following table details companies that have transitioned from Nomu to TASI: Details of Companies' Transition to Main Market Company Board Approval Transfer Application Official Approval Listing Shares on TASI Al Kathiri Oct. 9, 2019 Oct. 15, 2019 Oct. 28, 2019 Nov. 3, 2019 Thob Al Aseel Oct. 6, 2019 Oct. 16, 2019 Nov. 4, 2019 Nov. 10, 2019 Abo Moati Oct. 6, 2019 Oct. 16, 2019 Nov. 4, 2019 Nov. 11, 2019 Raydan Oct. 8, 2019 Oct. 29, 2019 Nov. 17, 2019 Nov. 21, 2019 Baazeem Oct. 7, 2019 Nov. 14, 2019 Nov. 28, 2019 Dec. 4, 2019 Arab Sea Oct. 9, 2019 March 17, 2020 April 12, 2020 April 15, 2020 Al-Omran Feb. 16, 2020 June 15, 2020 July 15, 2020 July 21, 2020 Sadr Sept. 27, 2020 Nov. 2, 2020 Dec. 3, 2020 Dec. 10, 2020 Development Works Food Sept. 12, 2021 Nov. 4, 2021 Nov. 17, 2021 Nov. 23, 2021 Sumou May 15, 2022 May 24, 2023 Aug. 20, 2023 Sept. 7, 2023 Riyadh Cement June 29, 2022 June 18, 2023 Nov. 14, 2023 Dec. 5, 2023 Burgerizzr Oct. 12, 2023 June 13, 2024 Oct. 13, 2024 Nov. 4, 2024 Banan July 4, 2023 June 4, 2024 Nov. 18, 2024 Dec. 9, 2024 Jahez March 19, 2024 July 7, 2024 Nov. 18, 2024 Dec. 10, 2024 Raoom Dec. 14, 2023 June 11, 2024 Jan. 6, 2025 Jan. 27, 2025 Saudi Azm April 18, 2025 May 27, 2025 June 29, 2025 July 11, 2025 Obeikan Glass Dec. 27, 2023 May 23, 2025 June 29, 2025 July 11, 2025 Under the amended listing regulations issued by the CMA, companies planning to transfer from Nomu to TASI are obliged of the following: 1) Firms may only apply to transfer to the Main Market after two calendar years from listing on Nomu. 2) The average aggregate market value of the transferred shares must be at least SAR 200 million in the six-month period prior to the submission of application. 3) An issuer must disclose to the public the board report that includes all related information, before submitting the application. 4) Submitting the board of directors' approval on the transfer before the beginning of the trading session that follows the approval. 5) The issuer must disclose the transfer to the public upon submitting the apgplication. Trading on the issuer's shares will be suspended for a period not exceedin five trading sessions before debuting on the Main Market.
Asharq Al-Awsat
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‘Oil-for-Salaries' Deal Ends Dispute Between Baghdad and Erbil
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Arab News
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- Arab News
First-ever 5G SA indoor coverage trial held in Saudi Arabia
Nokia, together with Saudi Arabia's Communications, Space and Technology Commission, local neutral host specialist ACES NH and service providers Mobily and Zain Saudi, has completed industry-first pilot deployment of 5G standalone indoor coverage using sharable indoor spectrum on the 4.0-4.1 GHz band and active sharing techniques. For the first time, every mobile operator in the Kingdom can deliver gigabit-class 5G inside low- to medium-traffic buildings through a single, cost-optimized system, eliminating the need for duplicate equipment and 4G anchors while cutting deployment costs by more than 60 percent. The proof-of-concept underscores how Nokia's Shikra radio portfolio and multi‑operator core network software uniquely unlock spectrum-efficient, multi-operator 5G for private wireless and public networks alike. For the first time, every mobile operator in the Kingdom can deliver gigabit-class 5G inside low- to medium-traffic buildings through a single, cost-optimized system, eliminating the need for duplicate equipment and 4G anchors. This innovative solution was recently recognized by the Small Cell Forum, receiving the Small Cells World Summit 2025 Award for 'Outstanding Progress in Enabling Neutral Host and Multi-Operator Business Models.' Mobile data traffic per smartphone is projected to escalate from 29 GB per month in 2024 to 54 GB per month by 2030. Although 80 percent of mobile traffic is generated indoors, conventional distributed antenna systems often dedicate separate hardware and spectrum to each operator, driving up CAPEX and energy use. By using sharable indoor spectrum on the 4.0-4.1 GHz band in combination with 5G SA active sharing, the pilot demonstrates fair access for all operators while accelerating coverage in business districts, giga-projects, and public venues. Early cost modeling by Nokia and ACES shows a further 47 percent saving when 4G anchoring is removed, making 5G SA 'greenfield indoor' sites commercially viable from Day 1. Mufarreh J. Al-Nahari, deputy governor of studies and innovation at the Communications, Space and Technology Commission, said: 'This collaboration demonstrates how innovative regulatory practices, vendor expertise and local partners can together deliver reliable, high-quality 5G for enterprises and consumers. We look forward to scaling the model across the Kingdom.' Mikko Lavanti, senior vice president for mobile networks, MEA at Nokia, said: 'Sharable indoor spectrum gives stakeholders a powerful new tool to boost indoor 5G adoption without complex auctions or spectrum refarming. Our Shikra pico radios and true 5G SA active sharing software prove that one neutral host system can serve every operator with carrier-grade performance, cutting both cost and carbon emissions per gigabyte.' Dr. Khalid Al-Mashouq, CEO of ACES NH, said: 'With Nokia's ready and innovative indoor portfolio we can give building owners a single, future-proof solution while operators gain rapid, capital-light expansion. It's a win for everyone in the 5G ecosystem.' Alaa Malki, chief technology officer at Mobily, said: 'Enhancing customer experience and optimizing network performance in indoor environments are core to Mobily's strategic priorities. Our active participation in this pioneering initiative reflects our commitment to driving innovation, operational efficiency, and scalable 5G solutions. By advancing shared infrastructure models, we are reinforcing Mobily's leadership in shaping the future of telecommunications in the Kingdom and accelerating the realization of Saudi Arabia's digital transformation goals.' Mohammed Al-Nujaidi, chief technology officer at Zain KSA, said: 'Pioneering future-ready shareable network models that unlock scalable, high-performance connectivity is part of Zain KSA's commitment to driving the evolution of Saudi Arabia's digital infrastructure. By enabling seamless digital access and significantly enhancing the customer experience, this initiative plays a pivotal role in advancing and accelerating the Kingdom's digital transformation journey and smart infrastructure development for a knowledge-based society and digital economy.' Nokia's Shikra pico solutions for the 4.0 GHz band are compact, low-power remote radios that blanket multistory buildings with uniform mid-band 5G coverage. Leveraging 5G standalone MOCN active sharing, a single RAN and core slice can serve multiple operators at once, boosting spectral efficiency and streamlining operations. The platform is also private wireless ready: the very same infrastructure can host dedicated enterprise 5G cores, delivering secure Industry 4.0 and campus network services alongside public connectivity.
