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RIYADH: A unit owned by Saudi retail operator Arabian Centres is establishing a digital consumer microfinance company. According to a bourse filing, FAS Labs Limited Co. has obtained preliminary approval from the central bank to create the SR55 million ($14.65 million) company called FAS Finance. The new unit will leverage the latest technology to offer microfinance solutions ....
RIYADH: Saudi Arabia’s main stock index TASI started trading week higher on Sunday in line with rising oil prices, which recorded their sixth weekly gain last week amid concerns over tight supplies. TASI edged up by 0.66 percent to 12,259 points, and the parallel Nomu market was down 0.65 percent to 25,492 points. Bourses of Qatar, Oman, and Egypt were all down between 0.1 and ....