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RIYADH: Saudi Arabia’s Ministry of Industry and Mineral Resources has issued a gold exploration license to Al Masane Al Kobra Mining Co., also known as AMAK, according to a Tadawul statement. AMAK will have an exploration license to prospect for gold in the Kingdom’s Asir region, which covers an area of 34 square kilometers. The license is valid until Nov. 24, 2027, in line
RIYADH: Saudi Arabia’s Tadawul All Share Index on Sunday gained 42.61 points or 0.40 percent to close at 10,724.62. While MSCI Tadawul 30 Index edged up 4.61 points to close at 1,486.51, the parallel market Nomu slumped 243.64 points to 19,213.17. TASI’s total trading turnover of the benchmark index on Sunday was recorded at SR3.09 billion ($820 million), with 140 stocks
RIYADH: Al Masane Al Kobra Mining Co. has recorded a 22 percent profit drop for the first nine months of 2022, after making a strong debut on the Kingdom’s stock market earlier this year. Amak posted SR105 million ($28 million) in profit, down from SR135 million in the same period last year, it said in a bourse filing. The lower profits were attributed to IPO-related costs and
RIYADH: Saudi Arabia’s stock market saw significant growth in listings in the first half of 2022, with initial public offerings on the main index alone raising SR15.2 billion ($4 billion). Along with 10 record listings, TASI witnessed nine further offerings from existing listed companies, generating SR10.7 billion, a report by the Saudi Exchange shows. This year’s biggest IPOs