RIYADH: Saudi stocks opened on a positive note once again as more earnings were released early Wednesday, easing investors’ concerns. The Saudi main stock index, TASI, rose 50 percent to reach 12,753, while the parallel market, Nomu, started almost unchanged at 22,679, as of 10:07 a.m. Saudi time. Dar Al Arkan Real Estate Development Co. grew 3.47 percent to lead the gainers,
Saudi Aramco closed a deal to sell a stake in its natural-gas pipelines for $15.5 billion and entered into a pact with BlackRock Inc. to explore low carbon energy projects.The post Aramco closes $15.5 billion BlackRock-led gas pipeline deal appeared first on Energy Voice.
Riyadh - A deal to develop a premium residential project in the governorate of Taif in the Southwest of Saudi Arabia has been agreed between two real estate developers in the Kingdom. Dar Al-Arkan Real Estate Development Co. has signed a joint agreement with Madinat Al Wouroud Housing Development company to develop the SR3.7 billion ($986m) project on an area of 1 million sqm