RIYADH: Al Moammar Information Systems Co.’s board decided to appoint the company’s designated CEO, Abdullah Ghazi Al-Ghamdi, to lead the MIS company. The appointment of Al-Ghamdi as the new CEO of the company will take effect on Oct. 16, the information technology firm said in a bourse filing. Al-Ghamdi is currently the CEO of Excellence for Application Solutions for
RIYADH: The Saudi main index ticked up on Thursday, but September still marked a dismal month for the stock exchange, marked by persistent inflation, unstable gas prices, and aggressive Fed hikes. The Tadawul All Share Index ended September dropping 7 percent over the course of the month to reach 12,283 at the closing bell of Thursday’s session. This is despite closing the
TASI declines on inflation data that sparks investor fears: Closing bell arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Saudi stocks dropped on Wednesday, mirroring a continued decline in oil prices as recession worries intensified. The Kingdom’s real gross domestic product grew by 12.2 percent in the second quarter of 2022 over the same period last year, recording the highest growth in over a decade, revealed data by the General Authority for Statistics. TASI slid 1.1 percent to end
RIYADH: The Saudi stock market began Tuesday’s session on a positive note, after oil prices rose further in the early hours of the day. The main index, TASI, edged up 0.28 percent at 12,565, while the parallel Nomu started flat at 21,517, as of 10:06 a.m. Saudi time. In energy trading, Brent crude increased to $104.28 a barrel, while US West Texas Intermediate reached $96.67 a