RIYADH: Arabian Contracting Services Co., known as Al Arabia, has secured a deal to provide advertising services to Qatar’s Elan Media Advertising. As part of the agreement, Al Arabia will seek to attract customers and businesses to the local market in Saudi Arabia, Egypt, Bahrain and Kuwait during the FIFA World Cup 2022 to be held in Qatar, according to a bourse filing MBC
RIYADH: Saudi stocks opened lower in the first trading session of the week as major market players fell. The main index, TASI, declined 1.90 percent to reach 11,600, while the parallel market, Nomu, shed 0.23 percent to 21,454, as of 10:09 a.m. Saudi time. Saudia Dairy and Foodstuff Co. gained 0.73 percent, leading the market gainers; Saudi Industrial Development Co. fell 9.93
RIYADH: Saudi Arabia’s main stock index TASI fell below the 12,000 level for the first time in months last week, tracking a drop in oil prices. TASI closed the week at 11,824, down 1.3 percent for the fifth straight session on Thursday. However, the parallel Nomu market added almost 1 percent to 21,504. Most stock markets in the Gulf retreated in line with the Saudi main
RIYADH: Outdoor advertising provider Arabian Contracting Services Co., known as Al Arabia, has more than doubled its profits during the first quarter. Profits of the Riyadh-based firm, partly owned by media giant MBC group, soared to SR64.9 million ($17.3 million) in the first quarter from SR29.6 million during the same period last year, a bourse filing revealed. Economic