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Business

Saudi school operator IPO gets less demand that previous sales

DUBAI: A Saudi private-school operator’s initial public offering in October attracted less demand than recent previous sales in the kingdom, two people with knowledge of the matter said, a further indication that investors abroad are cautious about the potential economic aftermath of dissident columnist Jamal Khashoggi’s murder a month ago.

Business

Cloud communications provider Twilio to buy SendGrid in US$2bil deal

NEW YORK: Cloud communications provider Twilio Inc said on Monday it would buy email technology firm SendGrid Inc in an all-stock deal valued at about US$2 billion.

Business

Small malls make attractive deals

As PGIM sells, developers and other funds buy retail space

Business

Top executives at FGV leave amid shake-up

KUALA LUMPUR: Three top executives at palm oil producer FGV Holdings left the company at the end of August, in a management shake-up at the world’s largest crude palm oil producer, three sources familiar with the company operations said.

Corporate News

Three top executives at FGV leave amid management shake-up

KUALA LUMPUR: Three top executives at palm oil producer FGV Holdings Bhd left the company at the end of August, in a management shake-up at the world’s largest crude palm oil producer, three sources familiar with the company operations said on Tuesday.

Business

Taking a chance on the crypto world

Coefficient Ventures enjoys huge success and is now going for its second fund

Business

Xiaomi supplier Viomi plans US$200mil IPO

HONG KONG: Viomi, a supplier of Internet-connected home appliances to Chinese smartphone giant Xiaomi Corp, is planning a US initial public offering (IPO), according to people with knowledge of the matter.

Business

Facebook dive sparks investor calls to loosen Zuckerberg’s grip

NEW YORK: Facebook Inc has always had one absolute leader, cemented by a share class structure that maintained Mark Zuckerberg’s voting control even when he sold millions of shares.

Corporate News

Tesla shares fall after CEO Musk abuses British caver

BENGALURU: Shares of Tesla Inc fell over 3.5 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cavers involved in the rescue of 12 Thai children last week.

Business

Reports: Steinhoff bought forests at inflated prices

Global retailer awaiting outcome of PwC probe into deal