RIYADH: Shares of Saudi poultry processing firm Anaam International Holding Co. surged in early trading after it turned a profit of SR1.6 million ($425,599) in the first half of 2022, against a loss of SR2.4 million in the year-earlier period. Anaam’s shares topped market gainers, surging 9.94 percent to reach SR20.8 percent at 10:32 a.m. Saudi time. Anaam attributed its
RIYADH: Saudi Arabia’s main stock index fell in the first trading session of June, weighed down by spillover from global peers. TASI closed the day 1.2 percent lower at 12,766, while the parallel market, Nomu, added 0.48 percent to 22,879. Stock exchanges in the Gulf all declined in line with Saudi Arabia, while Dubai bucked the trend with a 1.8 percent gain. Abu Dhabi led the
RIYADH: Saudi stocks closed lower in the previous session, as Fitch revised the ratings of major listed companies and earnings continued to kick in. TASI the main index slipped 0.3 percent to 13,503, and the parallel market Nomu edged up by 0.6 percent. Among the heaviest weights on TASI, oil giant Aramco and SABIC both advanced, after Fitch Ratings revised their long-term
RIYADH: Saudi poultry processing firm Anaam International Holding Co. has closed a deal to acquire 55 percent of ARW Industry Co. as it seeks to diversify its sources of revenue. With operations in the city of Jeddah, ARW specializes in manufacturing medical supplies. The Saudi-listed group agreed to purchase the shares at a value of SR15 million ($4 million), according to a