RIYADH: The Saudi Automotive Services Co. signed an agreement for a Shariah-compliant loan worth SR504 million ($135 million) from Riyad Bank. The long-term loan, obtained on Feb. 20, will be paid over a period of ten years, according to a bourse statement. Saudi-listed SASCO will use SR450 million of the funds to finance its most recent acquisition of gas station operator
RIYADH: Saudi Arabia’s main index, TASI, opened slightly higher on Tuesday, as positive market cues lifted investor sentiment. As of 10:23 a.m. Saudi time, TASI edged 0.09 percent higher at 12,260 points, while NomuC edged 0.10 percent lower at 25,256 points. Saudi Arabia's largest valued bank, Al Rajhi gained 0.40 percent, while Banque Saudi Fransi shed 0.19 percent despite
RIYADH: Saudi Arabia’s main index, TASI, closed lower on Tuesday, following a decline in the oil market. The main index, TASI, closed down 0.19 percent, at 12,226 points, while the parallel market, Nomu, climbed 0.33 percent to 25,366 points. In energy trading, Brent crude reached $90.84 per barrel, and US benchmark WTI traded at $89.69 per barrel as of 3:29 p.m. Saudi time.
RIYADH: Saudi Arabia’s stock market closed lower on Wednesday, in line with the energy market, and dragged down by some of the Kingdom’s major players. At the closing bell, the main index, TASI, was down 0.82 percent to 12,192 points, and the parallel market, Nomu, dropped by 1.46 percent, reaching 25,186 points. Oil giant Aramco weighed on TASI as it fell 1.34 percent. Major
RIYADH: Saudi Arabia’s main stock index, TASI, started the trading week higher in line with rising oil prices, which recorded their sixth weekly gain on Friday, amid concerns over tight supplies. Brent crude oil exceeded $90 per barrel, and US benchmark WTI crude oil rose to $86.8 per barrel. TASI edged up by 0.66 percent, to 12,259 points, and the parallel Nomu market was