RIYADH: Saudi Arabia’s main index closed in the red on Wednesday, reversing its gains from the previous six trading sessions. The Tadawul All Share Index slipped 0.09 percent to end at 11,770 while the parallel market Nomu edged down 0.63 percent to finish at 20,210. Saudi oil giant Aramco ended the session with a 0.14 percent decline, while Rabigh Refining and Petrochemical
RIYADH: Stock markets across the Gulf closed in the green on Tuesday, with the Saudi index outperforming the region after falling sharply over concerns about economic growth. The Tadawul All Share Index, known as Tadawul, gained 0.99 percent to reach 11,017 at the end of Tuesday’s trading, while the parallel market Nomu ended almost flat at 19,718. Dubai's main share index
RIYADH: Raydan Food Co. has invited its shareholders to vote on reducing the company’s capital from SR338 million ($90 million) to SR158 million. This reduction plan was made in order to restructure the company’s capital structure to recover losses, according to a bourse filing. Raydan Food reported earlier that its accumulated losses reached SR179 million in the first half of
RIYADH: Saudi Arabia’s main index dipped during its last trading session last week in anticipation of another large rate increase by the Federal Reserve on Wednesday. The Tadawul All Share Index dropped 0.37 percent to end at 11,461, while the parallel market Nomu rose 0.23 percent at 20,265. Tadawul was closed on Thursday in observance of Saudi National Day. During Thursday’s
RIYADH: Raydan Food Co. has been given the go-ahead from Saudi Arabia’s market’s watchdog to reduce its capital by 53 percent. The company is cutting its capital from SR338 million ($90 million) to SR158 million, according to a bourse filing, and has now received approval from the Capital Market Authority. This reduction plan was made in order to restructure the company’s