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RIYADH: Saudi-based digital security firm Elm Co. recorded an increase in profits of 85 percent on an annual basis in its first post-listing earnings results. After an $820 million initial public offering and a stellar debut, profits of the PIF-owned firm jumped from SR308 million ($82 million) to SR576 million in 2021, according to a bourse filing. This came as revenues
RIYADH: Saudi stocks start the week higher after oil prices begin to ease as the impact of sanctions on Russia appears baked in. At Sunday's opening session, TASI climbed 0.50 percent to 12,747, while Nomu dropped 0.10 percent to 24,763. Across the energy sector, Brent crude was trading at $112.67 per barrel, and WTI at $109.33 a barrel as of 10:15 a.m. Saudi time. Al-Jouf
RIYADH: In line with a fall in the oil market, Saudi Arabia’s main stock index TASI retreated by 0.88 percent in the previous trading session, finishing the week with over a 1 percent fall. Oil prices, which jumped to record highs following the Russia-Ukraine conflict, paused their rally amid rising market volatility and eased supply worries. Brent crude lost almost $20 on the
RIYADH: Saudi stocks closed lower on Sunday as Russia's war in Ukraine caused stock markets to sway. The main index, TASI, closed 0.62 percent lower at 12,605 points, while the parallel market, Nomu, shed 0.60 percent to 24,640. AlJazira REIT climbed 3.83 percent to lead the gainers, while Malath Cooperative Insurance Co. slipped 5.58 percent to lead the tumblers. As for the
High oil prices and abundant liquidity are expected to keep Gulf IPO demand soaring