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Saudi retailer BinDawood completes 62% stake buy in e-commerce platform IATC

RIYADH: A unit of Saudi retailer BinDawood Holding has completed the acquisition of a 62 percent stake in e-commerce platform operator International Applications Trading Co. Future Retail for Information Technology Co., which is wholly owned by BinDawood, signed the deal with Amwaj Real Estate Co. and First Commercial Application Co. Majed Altahan will retain his role as CEO ....

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TASI rises as investors look ahead to more earnings results: Opening bell

RIYADH: The Saudi main index rose on Tuesday with oil prices back on the rise while investors awaited more earnings results. TASI, opened 0.43 percent higher to 11,924, while the parallel market, Nomu, opened flat at 21,038 as of 10:07 a.m. Saudi time. Saudi oil giant Aramco increased 0.39 percent, while Saudi National Bank, one of the Kingdom’s biggest lenders, added 0.73 ....

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TASI edges up on the back of higher investor sentiment: Closing bell

RIYADH: Stocks rose at the end of Tuesday’s trading session, as oil prices returned to the uptrend, and investor sentiment improved on the eve of earnings announcements. TASI closed 0.76 percent higher at 11,964, while the parallel market, Nomu, finished 1.17 percent lower at 20,791. Saudi oil giant Aramco was up 0.52 percent, while Saudi National Bank, one of the Kingdom’s ....

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Saudi competition authority signs off BinDawood's acquisition of e-commerce platform

RIYADH: Saudi retailer BinDawood Holding Co. has received approval by the General Authority for Competition to acquire a 62 percent stake in e-commerce platform International Applications Trading Co. BinDawood, through its fully-owned unit Future Tech Retail, signed the deal with Amwaj Real Estate Co. and First Commercial Application Co., according to a bourse filing. The move ....

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Hy-Vee Inc. announced plans for 1st store location in Tennessee

Hy-Vee Inc. announced plans for 1st store location in Tennessee ....

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