RIYADH: Saudi stocks ended Wednesday with a steep decline despite a recent rebound, as the threat of a recession continued to weigh on investor sentiment. TASI, the main index, approached one of its lowest levels in months again, dropping 2.9 percent to 11,319. The parallel Nomu market also lost 1.1 percent to 20,649. Stock exchanges in Dubai, Qatar, and Abu Dhabi were down
RIYADH: Saudi-listed Arabian Centres Co., better known as Almrakez, has re-elected Fawaz Al-Hokair as chairman and Salman Al-Hokair as vice-chairman of the board. The new term took effect on June 19 and will last for three years, according to bourse filing. Almrakez owns and manages a network of contemporary lifestyle centers in Saudi Arabia, which contain over 4,300 stores.