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The Tadawul All Share Index, up 0.5 percent at 11,851 points in early trade

Here’s a wrap of market movements and key earnings as of 10:30am Riyadh time: SABIC Agri-Nutrients net profit more than doubled to SR2.47 billion ($658.6 million) in the first nine months of 2021. Banque Saudi Fransi net profit rose by 69 percent to SR2.457 billion in the first nine months of 2021. Ash-Sharqiyah Development widens net loss to SR3.5 million in the first nine
Saudi Arabia Ar Riya Abu Dhabi Abuz Aby United Arab Emirates Sharqiyah Development

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SLB-Backed Arabian Drilling Planning Saudi IPO

by Bloomberg |Tuesday, May 04, 2021 Arabian Drilling Co is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter. (Bloomberg) -- Arabian Drilling Co., a Saudi oilfield-services company partly held by Schlumberger NV, is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter. The firm, also owned by Saudi Arabia’s Industrialization & ...
Saudi Arabia Ar Riya Abu Dhabi Abuz Aby United Arab Emirates Saudi Basic Industries Corp

Schlumberger-backed Arabian Drilling plans Saudi IPO - News for the Oil and Gas Sector

Schlumberger-backed Arabian Drilling plans Saudi IPO Arabian Drilling Co., a Saudi oilfield-services company partly held by Schlumberger NV, is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter. By Bloomberg © Bloomberg An employee pours a sample of oil from a bottle into a measuring vessel at a drilling site. Photographer: Bloomberg Creative Photos/Bloomberg Register here for the Energy Voice daily newslet...
Saudi Arabia Ar Riya Ras Tanura Ash Sharqiyah Abu Dhabi Abuz Aby

Schlumberger-backed Arabian Drilling planning Saudi IPO

Schlumberger-backed Arabian Drilling planning Saudi IPO 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP Arabian Drilling may complete a deal on Riyadh’s stock exchange before the end of the year May 3, 2021 Arabian Drilling Co., a Saudi oilfield-services company partly held by Schlumberger, is preparing an initial public offering that could give it a valuation of around $2bn, according to people familia...
Saudi Arabia Ar Riya Abu Dhabi Abuz Aby United Arab Emirates Saudi Basic Industries Corp

Transitional work program aims to help inmates make money, reduce recidivism rates

Transitional work program aims to help inmates make money, reduce recidivism rates and last updated 2021-04-29 12:12:37-04 Jacob Rocha spends his days working inside a warehouse surrounded by heavy machinery and wood, tucked in the Rocky Mountains. “Learned the machines, worked my way up, everything just kind of fell in place,” he said. He works at Basic Industries, where he helps make wood stakes for a variety of industries. But how he got here is its own story. “My initial char...
United States Jacob Rocha Dean Williams Colorado Department Of Corrections Basic Industries Buena Vista

10 things to watch on Tadawul today

Here are a few things you need to know as Saudi stocks start trading on Monday. - Saudi Basic Industries Corp.’s (SABIC) net profit after Zakat and tax declined to SR 40 million ($10.66 million) for fiscal year 2020. - Saudi Industrial Investment Group (SIIG) reported net profit after Zakat and tax of SR 92 million for FY2020, plunging 85 percent year-on-year (YoY). - United Wire Factories Co. (Aslak) reported an estimated net profit after Zakat and Tax of SR 62.1 million for FY2020, an incre...
Saudi Arabia Ar Riya Al Madinah Saudi Basic Industries Corp Jarir Marketing Co Bawan Company

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