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RIYADH: Methanol Chemicals Co., known as Chemanol, has paid off SR400 million ($107 million) of its existing loans it obtained to fund the methanol plant expansion project. The repayment will reduce the company’s financial costs leading to a positive financial impact in the coming years, according to a bourse filing. Earlier in July, Chemanol secured Shariah-compliant ....
RIYADH: The Saudi stock market started Wednesday's session flat as investors watched oil prices fluctuate. The Tadawul All Share Index and the parallel Nomu traded at 12,455 and 21,613, respectively, as of 10:08 a.m. Saudi time. In the same direction, Saudi Aramco started flat, while Methanol Chemicals Co. fell 0.52 percent. Saudi Telecom Co. gained 1.68 percent, after its ....
RIYADH: The Saudi stock market ended the last trading session of August lower following a decline in oil prices, causing concern among investors. The Tadawul All Share Index ended Wednesday’s trading session 1.38 percent lower at 12,283, while the parallel Nomu added 0.20 percent to 21,637. In energy trading, Brent crude declined to $89.28 a barrel, while US West Texas ....
RIYADH: Methanol Chemicals Co. has announced the resignation of its CEO Ali Mohamed Al-Asiri, which takes effect on Aug. 31. Al-Asiri has resigned from his position due to “personal reasons,” according to bourse filings. The company said it will announce any further developments relating to the appointment of a new CEO at the earliest opportunity. ....
RIYADH: The Saudi stock market ended Tuesday’s session on a downward note, with oil prices tumbling following a steep rise. The Tadawul All Share Index dipped 0.6 percent at 12,455, while the parallel market, Nomu, advanced 0.39 percent at 21,595. Oil giant Saudi Aramco ended the session with a 0.78 percent decline, while Methanol Chemicals Co. dropped 1.41 percent. In the ....