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Saudi AlJouf Mineral gets CMA's nod on 50% capital hike

RIYADH: Aljouf Mineral Water Bottling Co. has been given Saudi Arabia’s Capital Market Authority's regulatory nod for a 50 percent capital hike to SR47 million ($13 million). The company said in a bourse filing that it will raise its capital from SR31 million through the distribution of one-for-two bonus shares. The increase will be paid from retained earnings by transferring ....

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TASI ends first session of week positively: Closing bell

RIYADH: Saudi Arabia's main index ended the first session of the week positively, following the Kingdom's green initiatives in Sharm El-Sheikh last week. The Tadawul All Share Index was up 0.31 percent at 11,246, while the Nomu parallel market saw a 0.61 percent rise at 19,024. Tadawul Group fell 9.92 percent, after the completion of the Public Investment Fund’s sale of 10 ....

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