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RIYADH: Saudi Astra Industrial Group saw its profit soar 202 percent to SR318 million ($85 million) during the first half of 2022, bolstered by a rise in sales. The robust performance propelled a 3.6 percent gain in the group’s share price to reach SR48.45 as of 11:25 a.m. Saudi time on Thursday. The company’s net profit almost tripled from SR105 million in the same period in
RIYADH: Astra Industrial Group’s Al Tanmiya Steel has sold its stake in its fully-owned Iraqi unit Al Anmaa for Construction Materials Production in a SR731 million ($195 million) deal. The transaction was concluded with Alghad Almutkamel for General Trading and Iron and Steel Metallic Industries on Apr. 24, upon completion of the preset conditions, according to a bourse
RIYADH: As oil prices fell from record highs, Saudi Arabia’s main stock index slipped on Tuesday, snapping its two-day winning streak. TASI ended 0.2 percent lower at 12,225 points, and the parallel market Nomu added 84 points to 25,365. Elsewhere in the Gulf, stock indexes of Abu Dhabi, Dubai, Bahrain, and Kuwait advanced between 0.4 and 0.8 percent, while Oman’s MSX30 dipped
Logo of Astra Industrial Group Astra Industrial Group announced that its 65%-owned subsidiary Al Tanmiya for Steel Industries signed, on Feb.
RIYADH: Saudi Astra Industrial group’s Al Tanmiya Steel will sell its entire stake in Al Anmaa for Construction Materials Production at a value of SR731 million ($195 million). The sales agreement was signed with Alghad Almutkamel for General Trading and Iron and Steel Metallic Industries on Feb. 7, according to a bourse statement. As per the deal, the Jordanian steel