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RIYADH: Saudi Arabia’s digital security firm Elm Co. shares hit a record high of SR212.4 ($56), an increase of 3.77 percent compared to Sunday’s close, according to Tadawul data. As of 2:50 p.m., shares fell slightly to SR209, having fallen 1.16 percent during the day. Based in Riyadh, Elm debuted on Saudi Arabia’s main stock index, TASI, on Feb. 16.
RIYADH: Saudi Arabia’s stock exchange started the day almost flat on Thursday, as stocks of the oil-rich nation tracked a volatile trend in the energy market. Oil rose in early trade but then slightly eased back, as worries over tight supply chains intensified amid ongoing geopolitical tensions. Brent crude hovered near $120.93 per barrel, while US WTI crude oil reached
RIYADH: Saudi stocks recorded gains on Wednesday, with oil prices back on the rise and most global markets ending in the green despite ongoing geopolitical woes. TASI, the main index, extended gains by 0.5 percent to 12,944 points, and the parallel market, Nomu, rose 0.2 percent to 24,478. All fellow GCC bourses were up, but the Omani index bucked the trend as it dropped 0.9
RIYADH: Saudi Arabian digital security firm Elm Co. has received an extension for a contract valued at SR570 million ($152 million) to set up and operate centers with a government entity. The deal, awarded in early 2021, will see Elm — owned by the Kingdom’s Public Investment Fund — provide and lease centers, supply staff, and design the end-to-end model of operation,
RIYADH: PIF-owned digital security firm Elm Co.’s board has proposed full-year cash dividends of SR233 million ($62 million) in its first post-listing payout. This represents SR3 per share, with a total of SR77.6 million shares eligible for dividends, according to a bourse filing. Shares in the company, whose IPO was priced at SR128 a month ago, are trading 50 percent higher