RIYADH: Saudi stocks closed Monday almost flat as investors worried about global affairs following Russia's invasion of Ukraine. At the closing bell, the main index, TASI, flattened at 12,808, and the parallel market Nomu slipped 0.50 percent to 24,628. UAE stock markets were volatile, Abu Dhabi index ended flat, while Dubai's DFMGI fell 0.9 percent for the second straight
Abdulrahman Abdul Aziz bin Sulaiman has been a board member and the chief executive officer of GASCO (previously the National Gas and Industrialization Co.) since January last year. It is the only company in Saudi Arabia involved in the refilling, transportation, and distribution of liquefied petroleum gas (LPG). Bin Sulaiman currently leads all of the firm’s LPG business
RIYADH: Jazan Energy and Development Co. has terminated its agreement to acquire Jazil Investment Co. after Saudi Arabia’s Capital Markets Authority denied its request to increase its capital. Jazan Energy had requested to increase its capital from SR500 million ($133 million) to SR828 million through the issue of new ordinary shares to the sellers of Jazil Investment, Jazan