RIYADH: Saudi Arabia’s stock market extended losses on Monday as recession and inflation risks continue to bother investors. The main benchmark index TASI lost 0.9 percent to close at 11,358, hit by a 1.3-percent fall in oil giant Aramco, while the parallel market Nomu dropped 1.9 percent to 20,672. Likewise, the stock exchanges of Abu Dhabi, Dubai, Qatar, and Kuwait all shed
Kingdom Holding Company (KHC), a Saudi conglomerate with interests in key sectors such as hotel management, real estate and equity, has reached an agreement with Saudi wealth fund PIF for the sale of its 16.87% stake for SR5.68 billion ($1.52 billion).