Page 2 - Omar Development News Today

Jabal Omar Development Company , one of Saudi Arabia’s largest listed property developers, said on Sunday it has reached an agreement with one of its debt

RIYADH: Saudi Arabia’s benchmark index opened the week lower following fluctuations in oil prices over the past week and higher inflation, dampening investor confidence. TASI started the week 0.2 percent lower at 12,621, while the parallel Nomu started 0.19 percent higher at 21,574, as of 10:05 a.m. Saudi time. In the energy market, Brent crude reached $96.72 a barrel last

RIYADH: Saudi stocks declined in last week’s final session in line with most Gulf peers, as oil prices continued to fluctuate. The main TASI index finished 0.2 percent lower at 12,621, while the parallel Nomu market edged up 0.2 percent to 21,574. Abu Dhabi, Dubai, Bahrain, and Oman all lost between 0.1 and 1.5 percent, while Qatar and Kuwait bucked the trend to close 0.2

RIYADH: Saudi Arabia’s benchmark index ended its first trading session of the week lower as investors raised questions over fluctuations in oil prices over the past week and higher inflation. The Tadawul All Share Index ended the session 0.53 percent lower at 12,554, while the parallel market, Nomu, finished 0.44 percent higher at 21,668. In the energy market, Brent crude

RIYADH: Saudi stocks rebounded on Sunday as a rise in oil prices boosted investor sentiment in the oil-rich nation. TASI exited the day with a 1.3 percent gain at 12,689, while the parallel market Nomu advanced 0.58 percent at 22,402. Elsewhere in the Middle East, stock exchanges of Qatar, Oman, and Bahrain added between 0.3 and 0.6 percent and Kuwait’s BKP index surged 1.9

RIYADH: Saudi stocks closed higher on Tuesday, bucking the downward trend in most Middle Eastern and global markets. TASI rebounded from three days of losses to advance 0.5 percent to 12,300, while the parallel market Nomu lost 0.5 percent to 22,251. Stock exchanges of Abu Dhabi, Kuwait, Dubai, and Egypt dropped 2.5, 2.2, 1.5, and 1 percent, respectively. While those of Qatar,

RIYADH: Saudi Arabia’s stock market closed last trading week lower, as TASI extended losses, investors remained cautious on omicron fears, and earnings season moved into high gear. In the latest session, TASI slipped 0.4 percent to reach 12,142 points, while the parallel market, Nomu, inched up by 0.1 percent to 25,215 points. The main indexes of Qatar, Bahrain, Oman, and

RIYADH: The Saudi bourse slightly retreated at 10:40 a.m Saudi time amid fears among traders on the spread of omicron. The market saw a wave of volatility trading driven by declines in shares of most major companies. The main index, TASI, fell 0.57 percent to 11,104 points while the parallel market, Nomu, remained flat at 26,554 points. Anaam International Holding Group’s

IYADH: Tadawul’s TASI fell slightly in morning trading, down 0.14 percent to 10923.48 points. Parallel market Nomu rose 0.43 percent to 23695.58 points. The biggest moving stocks of the day so far were Development Works Food, National Gypsum Co, and Sadr Logistics, up 9.94 percent, 9.9 percent, and 7.14 percent respectively. Shares of Sadr Logistics were trading at another

Top Saudi developer Jabal Omar said it has won approval from the finance ministry to restructure its SR3 billion ($800 million) loans and also convert SR1.5 billion of the existing loan into a new shariah-compliant subordinated perpetual instrument.