RIYADH: Saudi Arabia’s main stock market recorded its first monthly decline of 2022 in May, as investors fretted over the slowdown of the global economy. TASI ended the month 5.9 percent lower at 12,921, after adding 0.11 percent in Tuesday’s trading session. Most Gulf indexes surged on Tuesday in line with Saudi Arabia, with Abu Dhabi gaining 1.5 percent ahead of its
RIYADH: Banan Real Estate Co. announced on Thursday the acquisition of an additional 3.54 percent stake in Al-Aziza Real Estate Development and Investment Co., bringing its ownership to 46.04 percent. The value of the additional 35,416 shares was SR8.85 million ($2.3 million) and was financed from the company’s cash flows in 2022, the company said in a statement to the Saudi
Saudi Arabia’s Tadawul All Share index barely changed on Thursday morning as it went up by 15.55 points to open at 11,919 points. Here’s a wrap of the market’s latest news: Arriyadh Development’s net income more than doubled as it recorded a SR325.2 million ($86.7 million) profit in the first nine months of 2021. A bad day for dairy companies NADEC made losses of SR7.8 million