RIYADH: Saudi mall operator and owner Arabian Centres Co. and National Housing Co. have signed an agreement to establish a SR600 million ($160 million) commercial mall in the Murcia residential project in northern Riyadh. Spread over a land area of around 180,000 square meters, the integrated mall with 45,000 square meters of gross leasable area, or GLA, will include 150
RIYADH: Saudi stocks dropped on Tuesday, extending losses for another session as investors assessed the impact of a potential economic slowdown. TASI, as the main index is known, fell 0.27 percent ending the day at 12,020, while the parallel market, Nomu, added 0.21 percent to 21,505. Bahrain and Kuwait lost 0.5 percent each, and Oman’s index was almost flat. Elsewhere in the
RIYADH: Saudi Arabia's stock market rose slightly on Wednesday, despite recent uncertainty remaining among investors. The main index, TASI, added 0.36 percent at 12,064, while the parallel market, Nomu, fell 0.98 percent at 21,294, as of 10:10 a.m. Saudi time Aljazira Takaful Taawuni Co. topped the gainers’ list with a 4.57 percent increase, while Arab Sea Information System
RIYADH: Arabian Centres Co. and Riyad Capital Co. signed agreements to establish two closed-end real estate investment funds valued at SR6.2 billion ($1.65 billion) The funds are intended to be used to develop Jawharat Riyadh and Jawharat Jeddah two major major investment projects that ACC has in its pipeline, according to a bourse filing. ACC retains ownership rights to
RIYADH: Saudi Arabia’s stock market closed lower on Wednesday falling below 12,000 points as investors fretted about the global economy. Saudi Arabia’s main index, TASI, fell 0.35 percent to reach 11,978, while the parallel market, Nomu, fell 0.95 percent to 21,301. Wafrah for Industry and Development Co. topped the list with a 9.97 percent gain, after winning shareholder