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RIYADH: Maharah Human Resources Co. has secured SR363 million ($97 million) financing from Saudi banks, following the completion of an acquisition of Saudi Medical Systems. The long-term loans, worth SR181.5 million and SR181 million, respectively, were obtained from Al Rajhi Bank and Saudi British Bank, Maharah said in a filing to the Saudi Exchange. “The purpose of the loans ....
RIYADH: Saudi stocks declined in last week’s final session in line with most Gulf peers, as oil prices continued to fluctuate. The main TASI index finished 0.2 percent lower at 12,621, while the parallel Nomu market edged up 0.2 percent to 21,574. Abu Dhabi, Dubai, Bahrain, and Oman all lost between 0.1 and 1.5 percent, while Qatar and Kuwait bucked the trend to close 0.2 ....
RIYADH: Saudi-based Arabian International Healthcare Holding Co., known as Tibbiyah, has got the General Authority for Competition’s approval to acquire a 51 percent stake in UAE’s Innovative Healthcare Co. Operating as a holding company, Tibbiyah, through its subsidiaries, offers medical systems, healthcare equipment, and medical supplies in the Kingdom. The authority also ....