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Saudi Red Sea International narrows losses by 42% on higher revenue in Q1

RIYADH: The Saudi Red Sea International Co. has managed to narrow down its losses by 42 percent in the first quarter of 2022, driven by higher revenue. The Saudi-listed firm saw its losses fall to SR19 million ($5 million) in the first quarter from SR33 million a year earlier, a bourse filing revealed. Following the announcement, the company’s stock dipped 4.77 percent to

All you need to know before Tadawul s opening bell with TASI at 16-year high

RIYADH: Saudi main index TASI saw its third day of gains this week on Tuesday, despite a drop in oil prices on the back of peace talks between Russia and Ukraine. TASI finished 0.28 percent higher, reaching a 16-year record high of 13,101 points, while the parallel market, Nomu, shed 0.43 percent to 25,026. Shares in Al Masane Al Kobra Mining Co. soared 30 percent to SR81.9

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