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The Saudi Exchange is considering listing thematic ETFs focused on Hong Kong AI and biotech firms, aiming to strengthen ties between the two markets. Proposed regulations may enable Hong Kong companies to list on the Riyadh exchange via Saudi depository receipts, enhancing investment opportunities and supporting Saudi Arabia's Vision 2030 initiative. This collaboration reflects a strategic diversification for both regions, reducing reliance on Western markets.
Saudi Aramco has filed a prospectus for its sukuk issuance program following a $5 billion bond sale, indicating plans to tap the debt markets again. The prospectus, dated May 30, allows for sukuk issuance within a year as the company navigates economic uncertainty and declining profits. Major banks including Citi, HSBC, and JPMorgan are involved in the program.
Nvidia's stock surged while the broader market showed mixed results following a US court's decision to block many of Trump's tariffs. The S&P 500 rose 0.3% in midday trading, the Dow Jones fell by 56 points, and the Nasdaq composite increased by 0.6%, reflecting a shift after an initial rally in Asian markets.
Gujarat-based Aristo Bio-Tech and Lifescience Ltd reported a significant financial performance for FY25, with a profit after tax of Rs 4.06 crore and a revenue increase of 30% to Rs 318.09 crore. The company's profitability was impacted by a Rs 1 crore rise in depreciation due to expansion and increased capital expenditure.
BNP Paribas Financial Markets acquired 6,24,85,371 shares of Zomato at INR 238.25 each, totaling INR 1,488 Cr, reflecting a slight discount from the previous close. Additionally, the firm sold 1.88 lakh shares of Eternal for INR 4.35 Cr and offloaded 2,48,31,803 shares of Nykaa at INR 202.81 each, amounting to INR 503.61 Cr.
Trump Media & Technology Group Corp. has successfully raised approximately $2.44 billion to establish a Bitcoin treasury, with $1.44 billion coming from stock sales at $25.72 per share and around $1 billion from convertible bonds. Following the announcement, the company's shares increased by as much as 7.6%, settling at $21.43 by midday in New York. The net proceeds will primarily fund the creation of the Bitcoin treasury.
EaseMyTrip reported a profit of INR 14 Cr in Q4 FY25, a significant drop of over 59% from INR 34 Cr in Q3 FY25. The company's operating revenue also fell by 15% to INR 139.5 Cr compared to INR 164 Cr in the same quarter last year. However, for the full fiscal year FY25, profit increased by 5% to INR 108.7 Cr, up from INR 103.5 Cr in FY24.
Saudi Aramco has issued a new prospectus for its sukuk program, indicating plans to enter the debt markets again after raising $5 billion from a bond sale. The company is responding to economic challenges and declining profits, with expectations of a significant dividend cut this year. Meanwhile, Japan's tourism sector faces a decline in domestic travel, attributed to a shrinking population and rising costs, despite a record influx of international visitors.
Gensol Engineering has defaulted on a Rs 4 crore payment to holders of its pass-through certificates (PTCs) this month, with the last successful repayment occurring in April. The company, linked to the electric mobility firm BluSmart, raised these funds through PTCs distributed to retail investors via Grip Invest.
Zerodha Capital, the non-banking finance arm of Zerodha, reported a net profit of Rs 12.5 crore for FY25, marking a 78% increase from Rs 7.2 crore in FY24. Total revenue surged to Rs 36 crore, more than doubling from Rs 17 crore the previous year, driven by its credit products, including loans against securities.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Saudi Exchange explores listing AI and biotech ETFs from Hong Kong
05:45 02.06.2025
Aramco files sukuk prospectus after successful five billion dollar bond raise
05:12 02.06.2025
nvidia rises as wall street stabilizes after court blocks trump tariffs
04:41 01.06.2025
aristo bio-tech reports 30 percent revenue growth and profit rise in fy25
08:46 31.05.2025
bnp paribas acquires significant stake in zomato and offloads shares in nykaa
06:18 31.05.2025
Trump Media raises 2.44 billion dollars for Bitcoin treasury initiative
22:21 30.05.2025
EaseMyTrip reports profit decline in Q4 but annual growth achieved
21:11 30.05.2025
Saudi Aramco plans new sukuk issuance after recent bond sale
19:13 30.05.2025
gensol defaults on bond repayment linked to bluSmart partnership
18:40 30.05.2025
Zerodha Capital reports 78 percent profit increase and revenue growth in FY25
17:46 30.05.2025
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