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RIYADH: Saudi Ataa Educational Co. has received approval from the Capital Market Authority to increase its capital to SR420 million ($112 million) for the acquisition of Naba'a Educational Co. The company will issue more than 2 million ordinary shares to acquire Naba'a through its fully-owned subsidiary, Arabian Educational and Training Group, according to a bourse filing. The ....
RIYADH: Saudi Arabia’s main stock market notched its second day of gains on Wednesday, after listed companies concluded a strong earnings season. TASI surged 2.3 percent to close at 12,588, whereas the parallel market Nomu slipped 1 percent to 22,020. TASI led the gains in the Gulf, followed by Abu Dhabi’s stock market with a 0.9 percent gain and Kuwait’s BKP, up 0.6 percent. ....
RIYADH: Tadawul’s TASI fell slightly in morning trading, down 0.2 percent to 10998.21 points, while the parallel market Nomu declined 0.52 percent to 24021.83 points, partly giving up budget surplus related gains. The biggest moving stocks of the day so far were Tourism Enterprise Co., Al-Baha Investment and Development Co., and CHUBB Insurance Co., up 9.89 percent, 9.05 ....