RIYADH: The Saudi main index TASI closed higher for a second straight day on Monday, up 0.7 percent to 13,483 points, while Nomu dropped 0.8 percent to 24,047. Most GCC stock exchanges ended higher tallying with Saudi Arabian markets. Dubai’s bourse led with gains amounting to 1.3 percent as investor sentiment was boosted ahead of the record listing of Dubai Electricity and
RIYADH: Saudi-listed Almunajem Food Co. saw its profits soar significantly during the first quarter of 2022, as higher revenues pushed it to recovery, after a decline in profits in 2021. Profits surged by 232 percent to SR97.9 million ($26 million), up from SR29.5 million in the same period a year ago, a bourse filing revealed. The profit hike was backed by a 25 percent