RIYADH: Arabian International Healthcare Holding Co. recorded a 14-percent drop in profit during 2021, driven by lower sales. Also known as Tibbiyah, the company registered a net profit of SR82 million ($21 million), down from SR95 million a year earlier, according to a bourse filing. Despite the fall in profitability, the company's board proposed the distribution of SR3 per
RIYADH: Saudi stocks start the week higher after oil prices begin to ease as the impact of sanctions on Russia appears baked in. At Sunday's opening session, TASI climbed 0.50 percent to 12,747, while Nomu dropped 0.10 percent to 24,763. Across the energy sector, Brent crude was trading at $112.67 per barrel, and WTI at $109.33 a barrel as of 10:15 a.m. Saudi time. Al-Jouf
RIYADH: Saudi stocks ended on a lower note yesterday following three days of gains, as investors continued to assess movements in oil prices which spiked to their highest levels in years, amid intensifying geopolitical tensions. The main index,TASI, fell 0.2 percent to reach 12,654, while the parallel market, Nomu, slipped 0.15 percent to 24,962. Other GCC bourses registered
RIYADH: Saudi main stock index maintained its winning streak Mar. 2 in line with a rally in oil prices ahead of OPEC+ meeting as the Organization of the Petroleum Exporting Countries members and its allies are expected to convene to discuss oil output. Brent crude neared $110 during Tuesday overnight Trading, after settling at $105 a day earlier. US benchmark WTI climbed to
RIYADH: Saudi stocks surged for a second consecutive day on Monday as investors’ sentiment improved on the back of solid earnings, despite growing Ukraine-Russia conflicts. At the closing bell, the main index TASI, rose 1.4 percent to 12,590, closing the month 2.6 percent higher. The parallel market, Nomu, gained 0.28 percent to 25,022. Saudi Arabia’s Scientific & Medical