RIYADH: Maharah Human Resources Co. has secured SR363 million ($97 million) financing from Saudi banks, following the completion of an acquisition of Saudi Medical Systems. The long-term loans, worth SR181.5 million and SR181 million, respectively, were obtained from Al Rajhi Bank and Saudi British Bank, Maharah said in a filing to the Saudi Exchange. “The purpose of the loans
RIYADH: Saudi Arabia’s stock market recovered slightly on Sunday after hitting its lowest level in more than six months on Thursday. The main index TASI advanced 1.2 percent to 11,292, rising from 11,163 points in the prior session, while the parallel Nomu market was up 0.2 percent to 20,611. The improved performance was supported by Friday’s oil gains in response to reports
RIYADH: Saudi-based Arabian International Healthcare Holding Co., known as Tibbiyah, has got the General Authority for Competition’s approval to acquire a 51 percent stake in UAE’s Innovative Healthcare Co. Operating as a holding company, Tibbiyah, through its subsidiaries, offers medical systems, healthcare equipment, and medical supplies in the Kingdom. The authority also
RIYADH: Saudi Arabia’s main stock market notched its second day of gains on Wednesday, after listed companies concluded a strong earnings season. TASI surged 2.3 percent to close at 12,588, whereas the parallel market Nomu slipped 1 percent to 22,020. TASI led the gains in the Gulf, followed by Abu Dhabi’s stock market with a 0.9 percent gain and Kuwait’s BKP, up 0.6 percent.