RIYADH: Saudi National Housing Co., one of the largest developers, has signed two agreements for a total of SR1.27 billion ($338 million) to develop residential units in Riyadh. The first agreement was signed with Retal Urban Development Co. to build 759 housing units worth an estimated SR864 million, according to a bourse filing. The second agreement was signed with Sumou
RIYADH: Saudi Arabia’s stock market saw significant growth in listings in the first half of 2022, with initial public offerings on the main index alone raising SR15.2 billion ($4 billion). Along with 10 record listings, TASI witnessed nine further offerings from existing listed companies, generating SR10.7 billion, a report by the Saudi Exchange shows. This year’s biggest IPOs
RIYADH: The Saudi stock market ended the first trading session of the week in positive territory, as investors evaluated the impact of oil price changes on the index. The Tadawul All Share Index edged up 0.43 percent to finish Sunday at 12,194, while the parallel Nomu jumped 1.47 percent to end at 21,640. The National Co. for Glass Industries gained 5.69 percent to lead the
RIYADH: The main index, TASI, started the last trading session of the week flat at 11,735 on the back of investors’ uncertainty over inflation and the possibility of a recession. The parallel market, Nomu, began the day 0.96 percent higher to reach 20,927, as of 10:06 a.m. Saudi time. Aramco, the largest player on the Saudi oil market, started the day in the red, dropping 0.38
RIYADH: Saudi Arabia’s Retal Urban Development has signed a SR339 million ($90.5 million) deal with the Public Investment Fund-backed Roshn Real Estate to buy 372 plots within its integrated community SEDRA in Riyadh. Saudi-listed Roshn said it plans to develop the land according to its guidelines for SEDRA, according to MEED. Located in the north of Riyadh, the project was