RIYADH: Abdulmohsen Alhokair Group for Tourism and Development, one of Saudi Arabia’s largest hospitality firms, was granted approval by the Capital Market Authority for a capital reduction of 46 percent. Alhokair Group’s plan includes reducing the company’s share capital from SR650 million ($173 million) to SR315 million, according to a statement by the CMA.
RIYADH: Saudi stocks slid last week to end lower on Thursday as oil prices fell to seven-month lows before rebounding on Friday. TASI exited the week’s final trading session 0.3 percent lower at 11,834, while the parallel market Nomu edged down 0.4 percent to 20,438. In line with the Kingdom’s bourse, Dubai, Kuwait, and Oman lost between 0.2 and 0.7 percent. Abu Dhabi and
RIYADH: Saudi Arabia’s main index gained ground in the first session of the week following a rise in oil prices on Friday. TASI gained 1.01 percent to reach 11,953, while the parallel market Nomu started 0.26 percent higher at 20,490, as of 10:07 a.m. Saudi time. Saudi oil giant Aramco climbed 1.23 percent, while Rabigh Refining and Petrochemical Co. increased 0.76 percent. Al
RIYADH: Saudi Arabia’s main index gained ground in the first session of the week, triggered by higher crude oil prices. The Tadawul All Share Index gained 0.90 percent to end at 11,940 on Sunday, while the parallel market Nomu added 1.47 percent to 20,737. Saudi oil giant Aramco climbed 1.5 percent, while Rabigh Refining and Petrochemical Co. edged down 1.01 percent. Al Rajhi,
RIYADH: Saudi Arabia’s stock market ended the previous week on a high note as its first-half earnings season came to an end. The main benchmark index TASI surged 1.2 percent to finish at 12,591 on Thursday, while the parallel Nomu market settled flat at 21,631. Dubai’s bourse advanced 1.2 percent, followed by Abu Dhabi and Qatar with a 0.2 and 0.7 percent gain, respectively.