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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: Growth Avenue Investment Co., a unit of Maharah Human Resources Co., closed the acquisition of a 41 percent stake in Care Shield Holding Co. in a deal valued at SR307 million ($90 million). The title to the shares was transferred to the buyer, Maharah said in a bourse filing. The deal was financed in part by the company’s own resources and in part by a loan from Al ....
RIYADH: Maharah Human Resources Co.’s unit has received the General Authority of Competition’s nod to proceed with acquiring Care Shield Holding Co. on Aug 25. Growth Avenue Co., a wholly owned subsidiary of Maharah, plans to acquire full equity of 41 percent in Care Shield, according to a bourse filing Earlier this month, Maharah reported a 26 percent decline in first-half ....
RIYADH: Saudi Arabia’s stock market ended the previous week on a high note as its first-half earnings season came to an end. The main benchmark index TASI surged 1.2 percent to finish at 12,591 on Thursday, while the parallel Nomu market settled flat at 21,631. Dubai’s bourse advanced 1.2 percent, followed by Abu Dhabi and Qatar with a 0.2 and 0.7 percent gain, respectively. ....
RIYADH: Saudi Arabia’s stock market recovered slightly on Sunday after hitting its lowest level in more than six months on Thursday. The main index TASI advanced 1.2 percent to 11,292, rising from 11,163 points in the prior session, while the parallel Nomu market was up 0.2 percent to 20,611. The improved performance was supported by Friday’s oil gains in response to reports ....