Thursday 28 May 2015
 
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Hardware

Hardware firm Saco's IPO meets strong demand

The retail portion of the initial public offer of Saudi Company for Tools and Hardware (Saco) has been covered 620 per cent, its financial adviser said. Saco, a popular supplier of building tools and mechanical equipment in the ki

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Hardware firm Saco's IPO meets strong demand

The retail portion of the initial public offer of Saudi Company for Tools and Hardware (Saco) has been covered 620 per cent, its financial adviser said. Saco, a popular supplier of building tools and mechanical equipment in the ki

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Al Muhaidib buys into Kuwaiti hardware chain

Saudi Arabia's Al Muhaidib Group has bought a 35 per cent stake in building supplies and hardware retailer Abyat, the adviser to the Kuwaiti-based chain said on Monday. The deal will help Abyat expand into Saudi Arabia and the

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Saudi hardware retailer to raise $134m from float

Saudi Company for Tools and Hardware (Saco), a popular do-it-yourself (DIY) chain in the kingdom, has set the price for its 30 per cent initial share sale at SR70 ($18.70) each, a statement from the company's financial adviser said on Thursd

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Saudi hardware retailer Saco plans share sale

Saudi Company for Tools and Hardware (Saco) plans to sell 30 per cent of the firm in an initial share sale set to launch next month, a statement from the kingdom's market regulator said on Wednesday. Subscription for the initi

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'Maker movement' could herald hardware renaissance

In the shadow of Internet monoliths such as Facebook, Google and Twitter, it's easy to forget that Silicon Valley got its start from hard-scrabble tinkerers building radios, microchips and other devices. Now, a proliferation o

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Mobily inks new deal to offer IBM hardware

Mobily, a leading telecom operator in Saudi Arabia, recently signed a new agreement with IBM in addition to the current IBM-Mobily alliance, establishing Mobily as a tier 1 partner to provide certain IBM hardware products to the business sector.

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Saudi hardware retailer Saco plans debut IPO

Saudi Company for Tools and Hardware (Saco), a pioneer in the hardware retail and wholesale business and the largest total-solution home improvement superstores in the kingdom, is set to launch its debut initial public offering (IPO) soon.

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Mideast tools industry set for growth

Growth prospects for the hardware, machinery and tools industries in the Middle East continues to look buoyant, driven by what is primarily an import-dependent market due to minimal local production, said experts. This is stoking increased

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Sony tablets face tough sell on price, hardware

Sony's new tablet computers failed to excite gadget reviewers and analysts who criticised the pricing and quality of the devices, underscoring the battle Sony faces regaining its consumer electronics crown. Sony Corp is already late to the

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