RIYADH: The board of Saudi National Building and Marketing Co. has recommended increasing its capital from SR120 million ($32 million) to SR270 million, according to a bourse filing. The company said it aims to increase its capital base and future activities to achieve growth rates and diversification in its investments in the future. The increase requires shareholder approval
RIYADH: Saudi National Building and Marketing Co. has hired Yaqeen Capital as its financial advisor for its switch from Nomu to the main market, TASI, according to a bourse filing. The company, which designs and installs metal, glass, and iron, saw its shares close almost flat at SR288 ($76.8) on Monday’s trading session.
RIYADH: Saudi stocks ended slightly higher on Sunday amid strong oil prices that dipped a day later on the back of geopolitical worries. TASI, the main index, finished 0.4 percent higher at 12,999, even as the biggest player in the Saudi oil market, Aramco, was down 1.76 percent. The parallel market, Nomu, rose 0.62 percent to 24,215. In line with the Saudi bourse, most GCC
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