The Tadawul All Share Index, TASI, rose by 0.01 percent to surge past 11,890 points in early trade today. Herfy Food Services posted a net profit of SR60.1 million ($16 million) in the third quarter of the year. Retail investors start a subscription to 1.5 million shares of Arabian Contracting Services Co. (Al Arabia) today. Retailer Jarir signed a contract to sell a land plot
RIYADH: Saudi Arabia’s main market, Tadawul, traded down by 0.03 percent, on Wednesday morning, at 11,539 points. Here’s a wrap of market movements as of 10:30 a.m. Riyadh time: Saudi retailer Alhokair to divest majority stake in Billy Beez. Gulf General gets SAMA nod to renew license for 3 years. Al Moammar Information Systems Co. announced the termination of it's MoU at the
RIYADH: Shares of Al Moammar Information Systems Co. (MIS) today, Jan. 26, 2021, hit their highest price at SR105.40 ($28.11) since debut.
The share closed Tuesday s session 4 percent higher at SR103.40, with a traded volume of 1.6 million shares.
Accordingly, the stock soared more than 230 percent since March 2020 and more than 187 percent compared to its listing price at SR36 (the listing price was amended to SR45 after increasing capital through bonus share distribution).
Established in 1979, MIS was incorporated in Riyadh under the name “Muhammad Al Moammar & Partners Co.” and was converted into a closed joint stock company in 2008, under the name Al Moammar Information Systems Co. (MIS) .
Here are a few things you need to know as Saudi stocks start trading on Wednesday.
stc is considering an initial public offer (IPO) for its 100%-owned subsidiary, Arabian Internet and Communications Services Co. (solutions by stc), on the Saudi Stock Exchange (Tadawul).
Yanbu National Petrochemical Co. (Yansab) announced the scheduled shutdown of two plants to carry out preventive maintenance work.
National Commercial Bank (NCB) completed issuing additional Tier 1 sukuk at a value of $1.25 billion (SAR 4.69 billion).
Al Moammar Information Systems Co. (MIS) announced that its 50%-owned subsidiary, Edarat Communications and Information Technology Co., appointed FALCOM Financial Services as a financial advisor to start direct registration and listing on the Nomu Parallel Market.