Tamweel Aloula set to list on Tadawul soon: Chairman

06/05/2024 ِArgaam

Tamweel Aloula set to list on Tadawul soon: Chairman

Hani Al Afaleq, Chairman of Tamweel Aloula Co.

Tamweel Aloula Co. seeks to list nearly 30-40% of its share capital on the Saudi Exchange (Tadawul) soon, Al Sharq News reported, citing Chairman Hani Al Afaleq.

 

The company eyes a distinguished, value-added share offering that will help it maintain its market leadership, Al Afaleq added, indicating that its portfolios grew from SAR 400 million to SAR 4 billion in four-five years.

 

For More IPOs

 

Tamweel Aloula is a closed joint stock company, licensed by the Saudi Central Bank (SAMA) to undertake personal, corporate, small, and medium (SMEs) and leasing financing, in addition to providing various financing solutions to retail investors, as well as the small and medium enterprises (SMEs).

 

Tamweel Aloula reported a net profit before Zakat of more than SAR 142 million, an increase of 58% in 2023.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read