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RIYADH: Saudi Arabia’s stock market dropped on Tuesday to lead the fall in the Gulf, despite an above estimated 9.9 percent growth in the gross domestic product in the first quarter, according to official data. On a different note, credit rating agency Moody’s affirmed the Kingdom's rating at ‘A’ with a stable outlook, primarily driven by the government’s fiscal policy
The Tadawul All Share Index, TASI, was down by 0.4 percent to 11,368.18 points in early trading today. Here’s a wrap of market movements as of 10:30 a.m. Riyadh time: Dr. Sulaiman Al Habib Medical Services Group signed a lease contract for a land investment in Madinah, for a period of 50 years, amounting to SR30 billion ($8m) on Nov. 24. Etihad Etisalat Co.’s ( Mobily) board
Here are a few things you need to know as Saudi stocks start trading on Sunday. 1) Al-Babtain Power and Telecommunication Co.’s board of directors recommended a 10% cash dividend for the fiscal year 2020, at SAR 1 per share, amounting to SAR 42.63 million. 2) Raydan Food Co. submitted its request to increase capital through rights issue to the Capital Market Authority (CMA) on Dec. 30, 2020. 3) Bank Aljazira shareholders authorized the board of directors to distribute interim dividends, quarterly or semi-annually, for FY2021. 4) Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moa...
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