RIYADH: Saudi Arabia’s Tadawul All Share Index on Monday gained 41.15 points or 0.38 percent to close at 10,765.77. While MSCI Tadawul 30 Index edged up 5.96 points to close at 1,492.47, the parallel market Nomu slumped 104.49 points to end at 19,352.32. TASI’s total trading turnover on Monday was SR3.43 billion ($910 million), with 91 stocks of the listed 223 advancing
EFG Hermes, a leading investment bank franchise, has concluded advisory on the SR1.4 billion ($378 million) IPO of Saudi power cables manufacturer Riyadh Cables Group Company (RCGC) on the Saudi Exchange.
Saudi Water Partnership Company (SWPC) has issued a Request for Proposal (RFP) to 17 qualified bidders for the Juranah Independent Strategic Water Reservoirs project in Makkah which, on completion, will boast a two million-cu-m storage capacity.
Saudi-based Alkhorayef Water and Power Technologies (AWPT) has announced that it has signed a SR38.04 million ($10.13 million) contract for the operation and maintenance of sewage treatment plants for King Saud bin Abdulaziz University.