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RIYADH: In line with a fall in the oil market, Saudi Arabia’s main stock index TASI retreated by 0.88 percent in the previous trading session, finishing the week with over a 1 percent fall. Oil prices, which jumped to record highs following the Russia-Ukraine conflict, paused their rally amid rising market volatility and eased supply worries. Brent crude lost almost $20 on the
RIYADH: Al-Dawaa Medical Services Co. is the latest in joining the ongoing listing spree on Saudi stock exchange. The pharmacy chain operator will list on Saudi Arabia’s main index TASI on March 14, a bourse filing showed. Ahead of listing, the Saudi-based firm collected SR1.9 billion ($500 million) from an IPO that was priced at the end of an indicative range after seeing
RIYADH: Saudi Arabia’s main stock index TASI closed lower on Wednesday, despite the recent US ban on Russian imports driving brent crude oil near $130 per barrel. At the closing bell, TASI lost 0.88 percent to 12,739 points, while the parallel market, Nomu, surged 1.03 percent to 24,796 points. Stock exchanges in Abu Dhabi, Dubai, and Qatar joined the volatile downturn, with
RIYADH: Saudi pharamcy chain operator, Al-Dawaa Medical Services Co., collected SR1.9 billion from its initial public offering. The offer price has been set at SR73 ($20), according to a bourse statement, after it completed the IPO process. The company offered 25,500,000 shares, representing 30 percent of the company’s capital. 90 percent of the shares were allocated to
Caracas, Mar 6 (Prensa Latina) Venezuela received a new batch of medicines and supplies sent by China as part of the humanitarian bridge between both nations, official sources announced on Sunday .