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East Pipes Integrated obtains over $266mln financing from Banque Saudi Fransi

East Pipes Integrated obtains over $266mln financing from Banque Saudi Fransi
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Closing bell: TASI sheds 52 points to close at 11,184

RIYADH: Saudi Arabia’s Tadawul All Share Index fell for the third consecutive day on Thursday to end trading at 11,184.57, down 51.70 points or 0.46 percent. While the parallel market Nomu gained 112.84 points to close at 21,079.81, the MSCI Tadawul Index slipped 0.86 percent to 1,492.17. The total trading turnover of the benchmark index was SR5.04 billion ($1.34 billion).

Aramco signs 3 deals with key steel pipe manufacturers in Kingdom

RIYADH: In a bid to secure a substantial supply of steel pipes, Saudi oil giant Aramco has signed three contracts estimated at around $493 million with the Kingdom’s leading steel pipe manufacturers. East Pipes Integrated Co. has been awarded a contract to manufacture and supply steel pipes to the oil company, following a deal worth SR1.8 billion ($479.9 million), according to

Closing bell: Saudi benchmark index edges higher with $1 25bn trading turnover

RIYADH: Saudi Arabia’s Tadawul All Share Index reversed losses on Wednesday, as it went up by 86.34 points or 0.80 percent to 10,935.39. The parallel market Nomu also edged up by 123.04 points or 0.61 percent to 20,235.61, while the MSCI Tadawul 30 Index rose by 0.78 percent to 1,483.72. The total trading turnover of the benchmark index was SR4.68 billion ($1.25 billion).

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