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Closing Bell: Saudi main index rises 62 points to close at 12,122 arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Leading Saudi real estate developer Dar Alarkan has announced that its net profit for the first nine months surged by 5.8% to hit SAR416 million ($110 million). However, its revenue for the period fell 24% to SAR2.3 billion ($612 million). ....
RIYADH: Saudi stocks saw their second straight day of gains on Monday, with TASI reaching 13,064 points for the first time since 2006 as investor fears abated. TASI was up 0.5 percent during the session and the parallel market, Nomu, surged 3.8 percent to 25,135. GCC bourses were topped by Dubai’s DFMGI which gained 2.1 percent, followed by Abu Dhabi, Kuwait, and Saudi Arabia. ....
RIYADH: Saudi real estate developer Dar Alarkan has partnered with the Omani Tourism Development Co. in a deal estimated at SR6 billion ($1.6 billion) to bolster tourism. The ten-year deal will involve developing a real estate project in three stages over an area of 3.5 million square meters in Muscat, Oman, according to a bourse filing. Dar Alarkan said the transaction is ....