RIYADH: Saudi Arabia’s Tadawul All Share Index fell 63.11 points or 0.6 percent on Wednesday to close at 10,410.21, curbing the buying rally that lasted for six consecutive sessions. While MSCI Tadawul 30 Index slipped 0.7 percent to 1,418.42, the parallel market Nomu closed slightly lower at 18,868.33. The total trading turnover of the benchmark index was SR4.10 billion
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
Yousef Al-Benyan was recently appointed chairman of the board of directors of Saudi Arabia’s Small and Medium Enterprises Bank by Crown Prince Mohammed bin Salman. Al-Benyan thanked the crown prince for the confidence he has shown in him, and for his continuing support of small and medium-sized businesses and efforts that help them to achieve financial stability. He said the
Hani Abed Al-Harbi was appointed as projects director of health, safety, environment and quality (HSEQ) at French oil giant TotalEnergies, and director of Saudi Total Petroleum Products (STPP) major projects in March. As part of his role, Al-Harbi provides coaching and manages the HSEQ team, deploys and implements all Total Group best practices and HSEQ standards at STPP, and
RIYADH: Saudi-listed Yanbu National Petrochemical Co., known as Yansab, reported a 57 percent profit drop for the first nine months of 2022, weighed down by higher costs. A subsidiary of Saudi Basic Industries Corp., Yanbu’s profits dropped to SR511 million ($136 million) for the period ending Sept. 30, compared to SR1.2 billion in the same period a year earlier. On the heels