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Al Rajhi s share jump isn t just another TASI rally

MOSCOW/RIYADH/CAIRO: When the Saudi stock market index sees a rally, usually most shares get an increase in value. However, this isn't the case for Al Rajhi Bank. Al Rajhi Bank, whose shares on Sunday recorded their highest level since April 2006 at SR135.20 ($36.05), is in a league of its own among all Gulf Cooperation Council Islamic or Shariah-compliant banks.

Saudi central bank approves insurance for transporting parcels

DUBAI: The Saudi Central Bank (SAMA) has approved a new insurance product that covers the risk of transporting parcels. The insurance provides financial compensation in the event of loss or damage of parcels, the central bank said in a statement, and it is launched in coordination with the Communications and Information Technology Commission. “It will put pressure on vendors

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