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RIYADH: Saudi Arabia’s Tadawul All Stock Index gained 130.62 points — or 1.28 percent — on Tuesday to close at 10,359.26 as China announced its plan to scrap quarantine requirements for inbound travelers from Jan. 8. The news spread a ripple of excitement across the markets worldwide as it marked the easing of the three-year border control that had choked international trade
Al-Saif Stores for Development & Investment Company (Alsaif Gallery), a leading Saudi retailer, has set the final offer price of its IPO at SR115 ($30.6) per share with a coverage ratio amounting to 1,550%.
With 97 percent smartphone penetration, Saudi Arabia has all the right ingredients for an e-commerce boom. The proliferation of smartphones is one of the critical factors for the success of online shopping as it works in two ways: customers enjoy the ease of shopping on their phones, and retailers can use technology platforms in real time to engage productively with their