📰 Saudi Basic Industries News
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October 28, 2021
Saudi Basic Industries Corp. (SABIC) made SR18 billion in net profits in the first nine months of 2021, compared to a net loss of SR2.6 billion in the same period last year. The company attributed the rise to higher average selling prices, it said in a bourse filing.
October 26, 2021
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
October 18, 2021
Most major stock markets in the Gulf rose in early trade on Monday with higher oil prices, while the Saudi index retreated, threatening to end a four-day winning streak.
October 18, 2021
Most stock markets in the Gulf ended higher on Monday, mirroring strong oil prices, although the Saudi index snapped a four-day winning streak on profit taking.
October 18, 2021
Saudi fast-food franchise operator Alamar Foods considers IPO, sources say DUBAI, Oct 18 (Reuters) - Saudi Arabia's Alamar Foods, the regional franchise operator for Domino's Pizza, is considering an initial public offering (IPO) that would allow The Carlyle Group sell some of its stake, three sources familiar with the matter said. Alamar Foods has hired HSBC to arrange the
October 14, 2021
Most major Gulf stock markets rose in early trade on Thursday amid rising oil prices, with the Saudi index on track for a third straight weekly gain.
October 13, 2021
Most stock markets in the Gulf fell in early trade on Wednesday, weighed by falling oil prices, but the Saudi index gained after the International Monetary Fund raised its forecast.
October 13, 2021
Most major stock markets in the Gulf were little changed on Wednesday, amid inflation fears, while the Saudi index outperformed the region after the International Monetary Fund raised its economic growth forecast.
October 12, 2021
Major stock markets in the Gulf opened higher on Tuesday as oil prices extended gains amid energy crunch, while Abu Dhabi bucked the trend to trade slightly lower.