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RIYADH: Saudi stocks surged for a second consecutive day on Monday as investors’ sentiment improved on the back of solid earnings, despite growing Ukraine-Russia conflicts. At the closing bell, the main index TASI, rose 1.4 percent to 12,590, closing the month 2.6 percent higher. The parallel market, Nomu, gained 0.28 percent to 25,022. Saudi Arabia’s Scientific & Medical
He spent 16 years of his life in prison because of gangs.
RIYADH: One of the biggest operators of gas stations in the Kingdom, Saudi-listed Aldrees Petroleum and Transport Services Co., aims to open 100 new fuel stations in 2022. The number of stations in operation reached 640 by the end of 2021, after the company rented 26 new ones during the fourth quarter, Argaam reported, citing Abdullah bin Saad Al Drees, CEO of the corporation.
RIYADH: The Saudi stock exchange opened flat with positive bias on Tuesday amid a stronger oil market and new company listings. As of 10:20 a.m. Saudi time, TASI was flat at 12,171 points, and the parallel Nomu market edged up by 0.2 percent to 26,219 points. Nomu was led by Alwasail Industrial Co. and AME Co. for Medical Supplies on debut, up 30 percent each. On TASI, Saudi
RIYADH: Saudi-listed Aldrees Petroleum and Transport Services Co., one of the biggest operators of fuel stations in the Kingdom, saw its shares surge on Tuesday after announcing a 46 percent net profit hike in 2021. Profits reached SR177 million ($47 million), compared to SR121 million a year earlier, and revenues leaped 83 percent to reach SR9.1 billion amid a revival of the