RIYADH: Saudi Arabia’s main index mostly traded in the flat-to-negative territory on Thursday, reflecting the weak outlook and softer demand of the global markets. The Tadawul All Share Index slipped 0.08 percent to end at 11,142, even as the parallel market Nomu rose 1.02 percent to 18,838. Of the 218 companies listed on TASI, 113 advanced, while 93 declined. The total
RIYADH: Shares in Saudi Tadawul Group Holding Co., the owner of the Kingdom’s bourse, declined almost 10 percent, after the final offer price for the sale of a 10 percent stake in the company was set at SR191 ($51) per share. The stock market operator saw its share price reach SR188.80 at the end of Sunday’s trading session, against a share price of SR209.60 at the end of the
RIYADH: Saudi Arabia's Public Investment Fund plans to sell 10 percent of its stake in the Kingdom's stock exchange operator Saudi Tadawul Group Holding Co. through an accelerated book-building offering. PIF, which has over $600 billion in assets, is selling 12 million shares in Tadawul Group, according to a bourse filing. The offering is in line with PIF’s strategy of
RIYADH: Saudi Arabia’s main index declined for the fourth consecutive day, dragged down by poor earnings announcements and a 23 percent drop in profit by Tadawul Group, the owner of the Kingdom’s bourse. The Tadawul All Share Index fell 0.66 percent to end at 11,632, while the parallel market, Nomu, dropped 1.22 percent to finish at 19,606. Saudi Tadawul Group Holding Co.
RIYADH: Saudi Tadawul Group Holding Co., the owner of the Kingdom’s bourse, has posted a 23 percent drop in profit to SR367 million ($98 million) in the first nine months of 2022. This is down from SR477 million the company made during the same period last year, it said in a bourse filing. This was coupled with a 7 percent decline in revenue to SR849 million, mainly due to the