Tadawul All Share index closed at 11,685.66 points, dropping by 66.46 points or 0.57 percent compared to yesterday’s close. Here is a wrap of the latest market news The net profit of Saudi Industrial Services Company (SISCO) plummeted by 47.3 percent to SR58.7 million ($15.7 million) in this year’s first three quarters. This was partly caused by a 21.2 percent divestment in
Here are a few things you need to know as Saudi stocks start trading on Thursday.
Halwani Bros. Co.’s shareholders will vote on the board of directors’ recommendation of a cash dividend for FY2020, at SAR 1.5 per share, or 15 percent of capital, totaling SAR 47.14 million.
Gulf Union Cooperative Insurance Co. sold 5,453 fractional shares on Dec. 10, 2020 at SAR 19.87 per share for a total of SAR 108,326.48.
Al Kathiri Holding Co.’s subsidiary, Alian Industry Co., secured certification from the Saudi Standards, Metrology and Quality Organization (SASO).
SABIC Agri-Nutrients Co. opened, on Jan.6, nominations for the board membership for the vacant seat created after Article 17 of the company’s bylaw was amended to ensure eight board members.
Saudi market regulator, Capital Market Authority (CMA), announced on Dec. 23, referring 11 investors, who are suspected of violating Article (49) of the Capital Market Law and Article (2) of the Market Conduct Regulations, to the public prosecution.
Those investors are accused of suspicious trading in shares of Al Kathiri Holding Co. and Anaam International Holding Group, while placing buy orders during the period from Dec. 5, 2019 to Nov. 15, 2020, to hike the closing prices for both stocks.
This came in line with the CMA’s efforts to protect the market from unfair as well as illegal practices, including deceit, cheating, fraud and manipulation, and to ensure market efficiency and transparency.