???? Nice One IPO: Glam Hits Tadawul!

Hala,

?? Chicago just hit a major milestone: ALL city-owned buildings (including O’Hare and Midway airports) are now powered by 100% renewable energy.(1) ??? Let’s talk about cutting 290,000 tons of CO2 annually and creating green jobs for everyone! ???? #ClimateAction #RenewableEnergy

Stock Market Update

???? U.S. stocks tumbled on Tuesday after hotter-than-expected services data threw cold water on Fed rate cut dreams, sending Treasury yields flying. The S&P 500 dropped 1.11% to 5,909.03, the Dow shed 0.42% to 42,528.36, and the Nasdaq 100 slid 1.79% to 21,173.04.(2) Guess the market's not feeling too "service"-able. ??↘?

↗?? Bucking the trend, Gulf markets edged higher as investors eyed a slate of U.S. data, with Friday's non-farm payrolls in focus. Dubai added 0.5% to 5,214, while Abu Dhabi gained 0.1% to 9,439.(3) ????

???? Nice One’s Glamorous Market Makeover

Saudi beauty retailer, Nice One, strutted onto the Saudi Exchange (Tadawul) catwalk on Wednesday, January 8, turning heads with its dazzling IPO debut.(4) Like a starlet gracing her first red carpet, the company’s shares were priced at SAR 35 each—top of the range—making it the second major IPO of 2025 after Saudi Almoosa Health. The SAR 908 million ($242 million) IPO, oversubscribed by a jaw-dropping 139.4 times, gives Nice One a valuation of over SAR 4 billion. Talk about a glow-up! ????

??? Beauty Highlights:

• Investor Frenzy:?418,116 individual investors placed orders.
• Subscription Coverage:?A staggering 7.5x for individual shares.
• Market Buzz:?34.65 million shares with a 30% free float.
• Cornerstone Stars:?Masarrah Investment Company and others brought 12% commitments.
• Future Goals:?IPO proceeds will revamp logistics, tech, and branding. ????

???? Curtain Up on Nice One’s New Era

With its IPO as polished as its beauty lineup, Nice One is poised to set a bold new standard in the Saudi retail market. As investors glam up for trading, the retailer’s journey from clicks to stocks is the perfect plot twist in the beauty business. All eyes are on Nice One to see if it’ll stay in the spotlight or steal the show entirely. ????

?

Closer to Home?

• ?? Dubai’s DAMAC chairman and Emirati billionaire Hussain Sajwani pledged to invest $20B in the booming U.S. data center market.(6) Talk about building a digital empire! ??
• ?? The UAE’s skies hit a milestone in 2024, with the Sheikh Zayed Air Navigation Centre clocking over 1M air traffic movements—capped by Emirates Flight 305 from Shanghai.(7) The UAE’s aviation game is flying high! ??

What Else Is Trending

• ?? U.S. job openings surprised in November, climbing to 8.1M—the most since February and up from October’s 7.8M.(8) It seems employers are still hiring like it’s Black Friday! ???
• ?? Meanwhile, spot gold lost some sparkle on Tuesday as those higher U.S. job openings lifted the dollar and Treasury yields. It rose 0.5% to $2,648.76 after a brief 1% glimmer earlier.(9) ?
• ?? In other news, Delta Air Lines is ditching Lyft for Uber this spring, letting SkyMiles members earn miles on rides and Uber Eats orders. Now your trips and snacks can fly, too!(10)???

??Quote of the Day

“Opportunities don't happen. You create them.” – Chris Grosser, entrepreneur and thought leader

?

amana.app

Sources:(1) Chicago.gov, (2) (10) CNBC, (3) (9) Reuters, (4) (5) (6) (7) Zawya, (8) U.S. Newsar