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RIYADH: Al-Dawaa Medical Services Co. recorded a 3-percent decline in net profit in its first annual results post listing on the Saudi exchange. Profits of the pharma chain operator slipped from SR246 million ($66 million) to SR239 million even as revenues grew 1.5 percent year-on-year, according to a bourse filing. Al-Dawaa attributed the strong revenue to a 68-percent hike
RIYADH: Saudi stocks saw their fourth straight day of losses on Monday as falling oil prices weighed on investors’ sentiment in the oil-rich nation. Oil slid to its lowest levels in weeks as continued Russia-Ukraine conflicts aroused volatility. Brent crude extended losses by $5.58 to $101.32 a barrel as of 8:17 a.m. Riyadh time on Tuesday. US West Texas Intermediate crude
RIYADH: Al-Dawaa Medical Services Co. will start trading on Saudi Arabia’s main index TASI on March 14 after collecting SR1.9 billion ($500 million) from shares buyers. The operator of one of Saudi largest pharmacy chains, offered 25.5 million shares in an initial public offering, representing 30 percent of capital. Established in 1994, Al-Dawaa Pharmacies provides optimal
RIYADH: In line with most Gulf stock exchanges, Saudi Arabia’s Tadawul closed lower on Sunday as Russia's war in Ukraine fueled volatility in stock markets. Saudi main index, TASI, slipped 0.62 percent to 12,605 points, while the parallel market, Nomu, shed 0.6 percent to 24,640. Indexes in Qatar, Bahrain, and Kuwait all dropped between 0.1 and 1.1 percent. Oman’s stock
RIYADH: Saudi stocks opened flat on Monday as markets remained subdued by the ongoing Russia-Ukraine conflict. As of 10:08 a.m. Saudi time, the main index TASI was trading at 12,596 and the parallel market Nomu was trading at 24,641. Al-Dawaa Medical Services Co. led the gainers in its first day of trading on TASI with a 13.70 percent gain. Saudi Paper Manufacturing Co. led