RIYADH: Saudi Arabia’s Tadawul All Share Index slipped 24.18 points, or 0.22 percent, to close at 11,206.02 on Tuesday as 111 of the 224 stocks rose, while 95 declined. Stocks listed on the Pharma, Biotech, & Life Science index soared the most, with a 9.28 percent climb, while the stocks of the Energy and the Telecommunication sectors fell 1.96 and 1 percent, respectively.
RIYADH: Saudi Arabia’s Tadawul All Share Index rose 89.56 points or 0.84 percent on Thursday to close at 10,051.78, led by sustained buying in all large-cap stocks. The Banking Index moved up 1.63 points to 10,714.58, led by about a 3 to 3.5 percent increase in the share prices of Banque Saudi Fransi, Saudi British Bank, Alinma Bank and Arab National Bank. TASI’s total
RIYADH: Savola Group has announced gains of SR81 million ($21.6 million) from the sale of its stakes in Knowledge Economic City Co. and Knowledge Economic City Developers to Taiba Investments Co. Taiba Investments inked a binding agreement to acquire Savola’s entire ownership in KEC and KECD for SR459.26 million in August, and the shareholders of both companies granted their
RIYADH: Saudi Arabia’s benchmark index on Thursday fell 74.26 points to close at 10,840.74 after touching a peak of 10,957.64 at 10:20 SAST, reflecting a sense of ambiguity among investors. The parallel market Nomu also finished its trail 497.85 points lower at 18,903.74 after snowballing to 18,778.82 at 11:53 SAST. The advance-decline ratio, however, bucked the trend, with
RIYADH: Shares of Savola Group Co. increased 0.66 percent, after its shareholders approved selling all Savola’s shares in Knowledge Economic City Co. to Taiba Investments Co. for SR459 million ($122 million). Savola saw its shares increase to SR30.8 as of 10:06 a.m. Saudi time. Savola owns an 11.47 percent stake in KEC direct ownership of 6.40 percent and indirect ownership