RIYADH: Saudi Arabia’s benchmark index gained ground on Wednesday, with 148 of the 219 listed companies closing higher as investors came in droves to kick-start a bull run. The Tadawul All Share Index added 142 points to close at 10,896.91, while the parallel market Nomu soared 473 points to finish at 18,866. The total trading turnover closed at SR8 billion ($2.13 billion), an
RIYADH: Saudi Arabia’s main index continued to suffer losses due to the continuing decline in oil prices. TASI ended the week’s final trading session on Thursday 0.25 percent lower to reach 11,834, while the parallel market Nomu edged down 0.44 percent at 20,438. Saudi oil giant Aramco fell 0.95 percent, while Rabigh Refining and Petrochemical Co. declined 1.37 percent. The
Saudi Telecom said on Sunday its board had proposed increasing the company s share capital by 30 billion riyals , or 150%, driving the share price nearly 10% higher.. | June 12, 2022
RIYADH: Solutions by stc, also known as the Arabian Internet and Communications Services Co., will distribute SR475 million ($127 million) as cash dividends, representing 40 percent of the share price, for the year 2021. In an extraordinary general assembly meeting held on May 29, the company accepted the board of directors’ recommendation to pay cash dividends of SR4 per