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RIYADH: Saudi-listed Bawan Co. has named Mohammad Al-Balawi as its CEO, starting July 1, 2022. Al-Balawi joined the company as CFO in 2011 and participated in its initial public offering in the Saudi capital market, according to a bourse filing He also contributed to the development of all investment projects of the group til now.
RIYADH: Saudi Arabia's stock market ended lower on Tuesday as inflation worries escalated amidst rising concern about the global economy following Beijing's COVID-19 warning. The main index, TASI, fell 0.27 percent ending the day at 12,020, while the parallel market, Nomu, added 0.21 percent at 21,505. Saudi Arabian Cooperative Insurance Co. topped the gainer's list with a 10
RIYADH: Saudi stocks ended higher on Sunday, despite investors' concerns about the risk-off sentiment caused by recession fears. The main index, TASI, gained 1.27 percent to reach 12,689, while the parallel market, Nomu, advanced 0.58 percent at 22,402. Halwani Bros. Co. gained 8.07 percent, leading gains; Saudi Industrial Export Co. slumped 8.86 percent, leading the fallers.
RIYADH: Saudi Arabia’s main stock market closed higher on Wednesday to lead the GCC, as investor sentiment was buoyed by strong earnings results. TASI the main index advanced 1 percent to 13,643, and the parallel market Nomu slipped 0.1 percent to 23,634. Dubai recorded the second-highest gains among GCC members as it added 0.6 percent. Abu Dhabi, Oman, and Kuwait’s bourses
RIYADH: Saudi Arabia’s main stock market opened higher on Thursday, as investor sentiment was buoyed by strong quarterly earnings results. TASI the main index advanced 0.5 percent to 13,717, while the parallel market Nomu slipped 0.05 percent to 23,622 at 10:12 a.m. Riyadh time. Oil giant Aramco, which is the heaviest weight on TASI, gained 0.7 percent, and the Kingdom’s