RIYADH: Al Hammadi Co. for Development and Investment said its general assembly approved its rise of capital and the appointment of a new CEO. The company's shareholders approved a capital increase of 33.33 percent to SR1.6 billion ($427 million), according to a bourse filing In a separate statement, the company said that Mohammed Alhammadi will serve as its CEO and managing
RIYADH: Saudi Arabia’s main stock index struggled to regain momentum on Monday. Despite ending in green, it remained at one of its lowest levels since January. This was in response to aggressive interest rate hikes around the globe, leading to investors worrying about a potential recession. At the closing bell, TASI, as the main index is known, added 0.55 percent to 11,361,