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East Pipes Integrated lands $99m Neom supply contract

Saudi-based East Pipes Integrated Company for Industry has announced that it has secured multiple contracts worth SR373 million ($99.3 million) from Neom, the developer of Saudi futuristic city, for supply of steel pipes for water transmission lines.

Closing bell: Saudi bourse slips 29 points to close at 10,811

RIYADH: Saudi Arabia’s Tadawul All Share Index fell 28.81 points or 0.27 percent on Monday to close at 10,810.68. While MSCI Tadawul 30 Index ended flat at 1,492.97, the parallel market Nomu fell 27.67 points to 19,151.14. TASI’s total trading turnover of the benchmark index on Monday was SR5 billion ($1.33 billion), with 69 stocks of the listed 223 advancing and 135

Closing bell: Saudi bourse rises 42 points to close at 10,766 points

RIYADH: Saudi Arabia’s Tadawul All Share Index on Monday gained 41.15 points or 0.38 percent to close at 10,765.77. While MSCI Tadawul 30 Index edged up 5.96 points to close at 1,492.47, the parallel market Nomu slumped 104.49 points to end at 19,352.32. TASI’s total trading turnover on Monday was SR3.43 billion ($910 million), with 91 stocks of the listed 223 advancing

Closing bell: TASI ends 42 points higher to close at 10,724

RIYADH: Saudi Arabia’s Tadawul All Share Index on Sunday gained 42.61 points or 0.40 percent to close at 10,724.62. While MSCI Tadawul 30 Index edged up 4.61 points to close at 1,486.51, the parallel market Nomu slumped 243.64 points to 19,213.17. TASI’s total trading turnover of the benchmark index on Sunday was recorded at SR3.09 billion ($820 million), with 140 stocks

Saudi-listed East Pipes seeks shareholders approval for 50% capital hike

RIYADH: East Pipes Integrated Co. for Industry has invited its shareholders to vote in favor of a 50 percent increase in the company's capital. The pipe manufacturer is looking to increase its current capital of SR210 million ($56 million) to SR315 million through granting bonus shares, according to a bourse filing. Shareholders will receive 0.5 shares for every share held

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