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The recorded net profits were higher by 12.98% year-on-year

RIYADH: Saudi Arabia’s Tadawul All Share Index dropped for the third consecutive session on Wednesday, losing 145.44 points, or 1.30 percent, to close at 11,073.17. The fall was driven by fears of global economic uncertainties and dipping oil prices. The parallel market Nomu also slipped by 192.44 points to close at 20,670.85, and the MSCI Tadawul Index dropped 1.26 percent to

Eligible shareholders will receive the announced dividends on 15 May 2023

RIYADH: Saudi Arabia’s Tadawul All Share Index on Sunday gained 42.61 points — or 0.40 percent — to close at 10,724.62. While MSCI Tadawul 30 Index edged up 4.61 points to close at 1,486.51, the parallel market Nomu slumped 243.64 points to 19,213.17. TASI’s total trading turnover of the benchmark index on Sunday was recorded at SR3.09 billion ($820 million), with 140 stocks

RIYADH: Energy giant Saudi Arabian Oil Co.’s net profit in the fourth quarter of 2022 is expected to drop to SR146 billion ($38 billion), down 6.3 percent from the previous quarter, according to Al Rajhi Capital. In its report, the Riyadh-based firm noted that the reduction in net profit is due to a weak demand outlook amid a global economic slowdown.