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RIYADH: SABIC Agri-Nutrients Co. has signed a memorandum of understanding with Public Investment Fund-owned Saudi Agricultural Livestock Investment Co. to study the possibility of collaboration in the field of food security. The potential deal sets out a framework to address growing environmental challenges and ensure food security through joint investments, according to a
RIYADH: Saudi Arabia’s stock market extended gains on Wednesday on the back of strong earnings in the banking sector as well as rising oil prices. The main index TASI advanced 0.7 percent to 12,052. Similarly, the parallel Nomu market was up 0.2 percent to 20,823. TASI was supported by gains in some of its biggest banks, including the Kingdom’s largest lender Saudi National
RIYADH: Saudi petrochemical firm SABIC Agri-Nutrients Co.’s board has decided to distribute SR1.9 billion ($508 million) in dividends for the first half of 2022. The dividend payout will be SR4 per share, to be paid on Aug. 1 with almost 476 million shares eligible for dividends, the homegrown company revealed in a bourse filing. Half owned by chemical giant SABIC, SABIC
RIYADH: Saudi stocks gained some ground on Wednesday amid easing inflation worries while investors kept an eye on oil prices. The main index, TASI, gained 0.48 percent to reach 11,727, while the parallel market, Nomu, added 1.81 percent to 20,728. This was led by a 0.90 percent increase in the Saudi oil giant Aramco and a 2.86 percent leap in one of the Kingdom’s biggest
RIYADH: Saudi stocks regained some momentum on Tuesday, mirroring a rise in oil prices after China eased lockdown restrictions. TASI surged 2.1 percent to 11,671, buoyed by a 3.3 percent rise in oil giant Aramco and a 3.4 percent leap in the Kingdom’s biggest lender Saudi National Bank. The parallel market, known as NOMU, also recorded a 0.6 percent gain to end the day at