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MBC-backed Al Arabia's profit jumps 63% on stronger client base

RIYADH: Outdoor advertising provider Arabian Contracting Services Co., known as Al Arabia, has posted a 63 percent surge in its profit during the first half of 2022. The Riyadh-based firm, partly owned by media giant MBC group, saw its net profit rising to SR128 million ($34 million) from SR79 million during the same period last year, a bourse filing revealed. Economic ....

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Here's what you need to know before Tadawul trading on Thursday

RIYADH: Saudi Arabia's main benchmark index ended lower for a second consecutive day on Wednesday, tracking a drop in oil prices. TASI slipped 0.2 percent to 12,291 while the parallel market, Nomu, added 1 percent to 21,758. Dubai, Abu Dhabi, and Bahrain declined in line with Saudi Arabia, losing between 0.2 and 0.5 percent. The Kuwaiti bourse ended flat, while stock exchanges ....

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Saudi-listed Al Arabia's unit secures $2.4m deal to install 174 billboards in Egypt

RIYADH: Outdoor advertising provider Arabian Contracting Services Co., known as Al Arabia, has closed a one-year deal to install 174 billboards on Egypt’s north coast through its arm Arabiya United for Advertising Service. Listed on the Egyptian stock exchange, Arabiya United for Advertising Service signed the SR9 million ($2.4 million) contract for the rental of 17 sites ....

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Here's what you need to know before Tadawul trading on Monday

RIYADH: Saudi Arabia’s main stock index hit its lowest close since last December on Sunday, mirroring a drop in oil prices. TASI, as the main index is known, lost 4.44 percent to 11,299, and the parallel market, Nomu, declined 3.55 percent to 20,740 at the closing bell. Elsewhere in the Middle East, stock exchanges of Qatar, Egypt, Bahrain, and Kuwait shed between 1 percent ....

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MBC-backed Al Arabia becomes exclusive agent for DIFC's advertisements

RIYADH: Arabian Contracting Services Co., known as Al Arabia, has secured a deal to become the exclusive agent for Dubai International Financial Centre’s advertisements for seven years. The Saudi-listed outdoor marketing provider signed the agreement with Elevision Media, which owns the advertising rights of DIFC, on Sunday, a bourse filing revealed. ....

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