RIYADH: A total of 83 listed companies on the Saudi Stock Exchange (Tadawul) were trading above their three-month average when the bourse closed for the week on Thursday, according to data compiled by financial news website Argaam.
Topping the list with a massive 2,646 percent surge was Mouwasat Medical Services Company. The rise comes as the medical firm reported a 36 percent year-on-year increase in profit to SR147.2 million in the first quarter (Q1) of 2021.
The hospital segment was the main catalyst, with revenue up 10 percent to SR466.1 million in the first three months of this year.
In fact, overall revenue from the company’ hospital sector has risen by 185 percent during the past five years, while the pharmacies segment also reported a boost of 130 percent across the same period.
RIYADH: Saudi Arabia announced 14 deaths from COVID-19 and 1,106 new infections on Saturday. Of the new cases, 325 were recorded in Makkah, 319 in Riyadh, 143 in the Eastern Province, 80 in Madinah, 67 in Asir, 52 in Jazan, 23 in Tabuk, 21 in Najran, 16 in Al-Baha, 15 in Hail, 10 in the Northern Borders region and four in Al-Jouf. The total number of recoveries in the Kingdom
RIYADH: Saudi Arabia’s Communications and Information Technology Commission (CITC) on Saturday announced the implementation of a regulatory framework to beef up cybersecurity in the Kingdom. The “cybersecurity regulatory framework” for service providers in the communications, IT, and postal (services) sector aims to raise the security levels of service providers. It seeks to
How a stage-managed presidential race deprives Iranians of a chance for change
Iran’s state-sanctioned list of candidates practically clears the way for conservative politician Ebrahim Raisi in June 18 election
Experts say the disqualification of former parliamentary speaker Ali Larijani has reduced the contest to a one-horse race
Updated 29 May 2021
May 29, 2021 18:56
LONDON: More than three decades ago, Ebrahim Raisi made a name for himself overseeing the summary execution of thousands of Iranian political prisoners an act considered one of Tehran’s first crimes against humanity.
Now, the religious hard-liner turned prosecutor is running for president of the Islamic Republic, and experts have warned that a flurry of disqualifications have effectively left the infamous jurist out in front in a one-horse race.