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Here's what you need to know ahead of the trading week on Tadawul

RIYADH: Saudi stocks closed lower last week as mixed earnings reports and volatile crude prices weighed on investor sentiment. The main index TASI shed 2.24 percent to 12,427 points, while the parallel Nomu market was down 1.4 percent to 22,508 points. While Saudi Arabia led the fall in the Gulf, stock exchanges in the UAE, Qatar, Bahrain, and Kuwait recorded losses in ....

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Saudi Al-Baha Investment board recommends IPO for its 87%-owned unit

RIYADH: Saudi-listed Al-Baha Investment and Development Co.’s board of directors have recommended its subsidiary Elegant Centers Co. to go public on the Kingdom’s parallel market. Elegant Centers, in which Al-Baha Investment holds almost 87 percent share, owns and operates central markets and commercial complexes in Saudi Arabia. The recommendation to float the company on Nomu ....

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