RIYADH: Saudi Arabia’s antitrust authority has penalized 14 cement companies with a collective fine of SR140 million ($37.32 million) for colluding to raise cement prices in the Kingdom. The General Authority for Competition has imposed an SR10 million fine on each of the producers for manipulating the cement prices to benefit themselves, infringing Article 4 of the
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Thursday and lost 71.85 points – 0.71 percent – to close at 9,976.65, driven by sharply lower oil prices amid fragile market sentiment over fears of a deepening crisis for banks worldwide. While MSCI Tadawul 30 Index dropped 0.68 percent to 1,347.20, the parallel market Nomu rose 0.91 percent to 19,011.72. The total
The aggregate sales of 17 Saudi cement producers rose one per cent YoY to 4.8Mt in November 2022, according to Yamama Cement Co ’s data. Locally, nine.
RIYADH: Saudi Arabia’s main index ended in green on Thursday as oil prices edged higher. The Tadawul All Share Index rose 1.43 percent to end at 11,963, while the parallel market Nomu gained 0.95 percent to finish at 19,746. Saudi oil giant Aramco ended the session 0.84 percent higher, while Rabigh Refining and Petrochemical Co. increased 0.28 percent. The Saudi National Bank,