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RIYADH: Nayifat Finance Co. has announced the resignation of its CEO Abdulmohsen Abdulrahman Musaed Al-Sowailem. Al-Sowailem, who also held the position of managing director, has resigned from his membership in the board of directors and committees due to “his personal circumstances,” it said in a bourse filing The company said it will announce any further developments ....
RIYADH: Saudi stocks reversed the prior session’s losses to start the week higher on Sunday, after oil giant Aramco beat analysts’ expectations with record profits. The main TASI index closed 2.5 percent higher at 13,149, and the Kingdom’s parallel Nomu market was up 0.9 percent to 22,845. Shares of Aramco surged 4.2 percent intraday in response to an 82-percent increase in ....
RIYADH: The Saudi stock market ended the session on Tuesday, up 0.8 percent or 85 points, to close at 11,256 points. Some 184.9 million shares changed hands in 327,000 deals, with heavy trading in Al Rajhi bank, Alinma Bank, Nayifat Finance Company. The parallel Nomu index was down 437.12 points, or 1.84 percent, it closed at 23,282.72 points, after 437,000 trades. AlRajhi ....