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RIYADH: Raoom Trading Co. has purchased a new laminated glass production line from German auto parts maker Benteler for $1.9 million. Upon completion and operation of the line, Raoom's financial results are expected to improve in 2024, according to a bourse filing. The purchase of this line is aligned with the company's plan to expand its local market and exports, as well as
RIYADH: Saudi stocks recorded gains on Wednesday, with oil prices back on the rise and most global markets ending in the green despite ongoing geopolitical woes. TASI, the main index, extended gains by 0.5 percent to 12,944 points, and the parallel market, Nomu, rose 0.2 percent to 24,478. All fellow GCC bourses were up, but the Omani index bucked the trend as it dropped 0.9
RIYADH: Saudi stocks started the trading week lower, tracking fellow Middle Eastern bourses even as the Kingdom's listed companies witnessed a strong earnings season. The main index TASI ended Sunday’s session marginally lower at 12,463 points, and the parallel market Nomu was down 0.5 percent to 25,111. Saudi Parts Center Co. and Raoom Trading Co. will debut on Nomu today. In
RIYADH: As investor sentiment was fueled by strong earnings, Saudi Arabia’s main TASI index neared 12,500 points last week for the first time since 2006. At Thursday's closing bell, TASI edged slightly lower to end at 12,476 and the parallel Nomu market was down 0.23 percent to 25,228. Shares in recently listed Elm Co. — a digital security firm owned by the Kingdom’s wealth
Logo ofArabian International Healthcare Holding Co. Qualified retail investors will begin today, Feb. 15, subscription to one million shares