Page 2 - Nutrients Co News Today

RIYADH: SABIC Agri-Nutrients Co. has signed a memorandum of understanding with Public Investment Fund-owned Saudi Agricultural Livestock Investment Co. to study the possibility of collaboration in the field of food security. The potential deal sets out a framework to address growing environmental challenges and ensure food security through joint investments, according to a

RIYADH: Saudi Arabia’s stock market extended gains on Wednesday on the back of strong earnings in the banking sector as well as rising oil prices. The main index TASI advanced 0.7 percent to 12,052. Similarly, the parallel Nomu market was up 0.2 percent to 20,823. TASI was supported by gains in some of its biggest banks, including the Kingdom’s largest lender Saudi National

RIYADH: Saudi petrochemical firm SABIC Agri-Nutrients Co.’s board has decided to distribute SR1.9 billion ($508 million) in dividends for the first half of 2022. The dividend payout will be SR4 per share, to be paid on Aug. 1 with almost 476 million shares eligible for dividends, the homegrown company revealed in a bourse filing. Half owned by chemical giant SABIC, SABIC

RIYADH: Saudi stocks gained some ground on Wednesday amid easing inflation worries while investors kept an eye on oil prices. The main index, TASI, gained 0.48 percent to reach 11,727, while the parallel market, Nomu, added 1.81 percent to 20,728. This was led by a 0.90 percent increase in the Saudi oil giant Aramco and a 2.86 percent leap in one of the Kingdom’s biggest

RIYADH: Saudi stocks regained some momentum on Tuesday, mirroring a rise in oil prices after China eased lockdown restrictions. TASI surged 2.1 percent to 11,671, buoyed by a 3.3 percent rise in oil giant Aramco and a 3.4 percent leap in the Kingdom’s biggest lender Saudi National Bank. The parallel market, known as NOMU, also recorded a 0.6 percent gain to end the day at

RIYADH: Saudi stocks opened Wednesday's session in red as investors awaited possible stabilization of oil prices. The main index, TASI, fell 0.19 percent to 11,648, while the parallel market, Nomu, added 1.02 percent to 20,565 as of 10:09 a.m. Saudi time. Abdullah Saad Mohammed Abo Moati for Bookstores Co. led the gainers with 3.93 percent gain, after it posted SR15 million

RIYADH: SABIC Agri-Nutrients Co. plans to continue examining investment opportunities both inside and outside Saudi Arabia, Chairman Abdulrahman Shamsaddin told Argaam. Through the investment plan, the company will establish projects related to the agricultural nutrients industry in order to support its growth strategy for fertilizers and nutrients. Along with conforming to

RIYADH: Saudi Arabian petrochemical firm SABIC Agri-Nutrients Co. has seen a near six-fold jump in its quarterly profits, buoyed by a surge in sales. Despite global logistic hurdles, net profit soared to SR2.5 billion ($670 million) in the first quarter, compared to SR423 million in the same period a year ago, according to a bourse filing. Its revenues more than tripled,

RIYADH: Saudi Arabia’s main stock market crossed the 13,900-level for the first time in 16 years on Monday but gave up gains later in the day due to lower investor sentiment. TASI, as the main index is known, closed flat at 13,814 points, and the parallel market Nomu dropped 0.3 percent to 23,475 points. Elsewhere in the Gulf, stock exchanges of Abu Dhabi, Dubai, Qatar,

RIYADH: Saudi stocks opened lower — reversing two days of gains — in the opening session of Tuesday, amid confusion over the direction of energy prices and a string of negative earnings reports. The Saudi main stock index, TASI, was down 0.71 percent at 13,716, while the parallel market, Nomu, dropped 0.15 percent to 23,440, as of 10:08 a.m. Saudi time. Oil prices continued to