RIYADH: Saudi stocks ended slightly higher on Sunday amid strong oil prices that dipped a day later on the back of geopolitical worries. TASI, the main index, finished 0.4 percent higher at 12,999, even as the biggest player in the Saudi oil market, Aramco, was down 1.76 percent. The parallel market, Nomu, rose 0.62 percent to 24,215. In line with the Saudi bourse, most GCC
RIYADH: Saudi Almunajem Foods Co. saw its profit tumble by 27.7 percent during 2021 as cost pressures took their toll. The listed-firm registered a net profit of SR166 million ($44 million), down from SR229 million a year earlier, according to a bourse filing. The drop was attributed primarily to an increase in buying costs associated with some key products, which led to a
Almunajem Foods, a leader in frozen & chilled and dry food in Saudi Arabia, said its revenues increased by 1.5% YoY to SR2.6 billion ($692 million) in 2021, driven by an increase in some product prices and recovery in demand.