RIYADH: The Saudi main index TASI closed higher for a second straight day on Monday, up 0.7 percent to 13,483 points, while Nomu dropped 0.8 percent to 24,047. Most GCC stock exchanges ended higher tallying with Saudi Arabian markets. Dubai’s bourse led with gains amounting to 1.3 percent as investor sentiment was boosted ahead of the record listing of Dubai Electricity and
RIYADH: A consortium of Saudi Ground Services Co. and Saudi Services and Operations Co. Ltd was awarded a SR342 million ($91.2 million) contract, according to a bourse filing. Under the contract, the consoritum will operate and maintain passenger bridges at King Abdulaziz International Airport for a period of five years. According to the statement, Saudi Ground Services Co.
Saudi Ground Services Co., also known as SGS, narrowed its losses in 2021 as aviation industry recovers from the pandemic. The loss decreased by by 44 percent to SR254 million ($68 million), according to a bourse filing. The company's revenue surged 28 percent to SR1.6 billion in 2021.
RIYADH: Saudi Arabia’s stocks wrapped up a volatile trading week with gains last Thursday, tracking instability in the oil market. TASI rose 0.9 in the previous trading session, advancing 0.7 on the week. The parallel market, Nomu, ended 0.72 percent higher at 24,902. Led by Dubai’s DFMGI, all major GCC stock indexes recorded gains on Thursday, except for Kuwait which closed
RIYADH: Saudi Airlines Catering has announced the opening of Alfursan international lounge at the King Abdulaziz International Airport in Jeddah, according to a bourse filing. It expects a positive impact by the fourth quarter of 2021, which will boost the company’s business sustainability as cash flow increases. The announcement came as the catering company signed a two-year