Tabreed is confident of resilient operations and excellent performance and will explore new markets to sustain its strong growth in 2023 and beyond, its to..
RIYADH: The Saudi main index closed on a positive note for the sixth trading session in a row as investors’ recession fears faded. The Tadawul All Share Index ended 1.49 percent higher to reach 11,780; the parallel market Nomu edged 1.32 percent higher to 20,339. Saudi oil giant Aramco ended with a 0.70 percent decline, while Rabigh Refining and Petrochemical Co. edged up 4.9
RIYADH: Jabal Omar Development Co.’s shareholders have approved a capital hike plan aimed at reducing the company’s liabilities by SR5.3 billion ($1.4 billion). The amount to be settled is mainly made up of rent payments and other obligations owed to Alinma Makkah real estate fund, according to a statement. The real estate developer will issue 225 million new shares to the