RIYADH: Saudi Arabia’s Tadawul All Share Index gained 66.80 points, or 0.59 percent, to close at 11,344.40 on Thursday as 132 of the 224 stocks rose, while 72 closed down. The top-performing index of the Saudi Stock Exchange was the Pharma, Biotech & Life Science Index, which soared 6.6 percent, followed by the insurance and transportation sectors, which rose 2 percent and
RIYADH: Saudi Steel Pipe Co. has reported that its net profit after zakat and tax increased to SR54.2 million ($14.45 million) in 2022 from SR930,000 in 2021 – an astronomical surge of 5,729 percent. According to a statement to Tadawul, gross profit rose to SR107.16 million in 2022 from SR27.33 million a year earlier because of better sales volume, improved efficiency and a