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Saudi property developer Umm Al Qura for Development & Construction Co. is working with banks including Lazard Ltd. on its planned Riyadh initial public

Move to free up 540 million riyals in cash

RIYADH: Saudi Arabia’s stock market ended the previous week on a high note as its first-half earnings season came to an end. The main benchmark index TASI surged 1.2 percent to finish at 12,591 on Thursday, while the parallel Nomu market settled flat at 21,631. Dubai’s bourse advanced 1.2 percent, followed by Abu Dhabi and Qatar with a 0.2 and 0.7 percent gain, respectively.

RIYADH: Saudi stocks were off to a bad start this week after the earnings season ended with mixed results, forcing investors to be cautious. The Tadawul All Share Index concluded the first trading season of the week 0.52 percent lower at 12,526, while the parallel Nomu finished 0.61 percent down at 21,763. Oil giant Saudi Aramco ended the session with a 1.65 percent decline,

RIYADH: Saudi stocks had a lousy start to the week as the earnings season ended with mixed results, keeping investors on edge. The Tadawul All Share Index began the week 0.94 percent lower at 12,473, while the parallel Nomu edged 0.1 percent down at 21,608 , as of 10:08 a.m. Saudi time. Oil giant Saudi Aramco started the session with a 0.89 percent decline, while Al Rajhi, the