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(Photo Credit: Arabianeye-Reuters)
27 February 08:09 PM S&P expects GCC commercial borrowing to fall to $75bn
  Mubasher: Standard & Poor’s said in a new report that it expects long-term gross sovereign commercial borrowing for the six member states in the GCC to decline to $75 billion in 2017, from $105 billion in 2016. Sovereign commercial debt with an …
Traded Values recorded highest level in February - (Photo Credit: Arabianeye-Reuters)
27 February 03:46 PM Tadawul sees biggest drop since mid-January
By: Thabet Shehata Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Monday’s trading session with it biggest decline in a month and a half on the back of negative performances dominating the market sectors. Tadawul All Share Index …
The company will increase its capital to SAR 1.25 billion
27 February 03:28 PM CMA approves Cooperative Insurance capital hike
Riyadh - Mubasher: The Saudi Capital Market Authority (CMA) has approved on Monday the Company for Cooperative Insurance request to increase its capital from SAR 1 billion to SAR 1.25 billion, according to a statement. The capital increase will be …
Trump needs to lay out a clear plan regarding trade and tax policies - (Photo Credit: Arabianeye-Reuters)
27 February 02:05 PM Stock investors await Trump's speech to Congress
By: Mahmoud Gamal Mubasher: Investors are anticipating the US president's address to a joint session of Congress on Tuesday, with expectations of a big impact on the business environment in the US. Financial analyst at ForexTime (FXTM) Hussien …
(Photo credit: Press Release)
27 February 01:06 PM Nomu to raise SMEs contribution to 35% of GDP – Al Rajhi Capital
Riyadh – Mubasher: Al Rajhi Capital said that launching Nomu supports the Vision 2030 objectives which raise the contribution of small- and medium-sized enterprises (SME) from 20% to 35% of the GDP. On 26 February, the Saudi Stock Exchange …
(Photo credit: Arabianeye - Reuters)
27 February 12:48 PM Aramco invests $7bn in oil refinery with Malaysian Petronas
Riyadh – Mubasher: Malaysia's Prime Minister announced on Monday that Saudi Aramco will invest $7 billion into an oil refinery to be set up by Malaysian oil company Petroliam Nasional Bhd (Petronas), Reuters reported. The news agency added that …
(Photo archive)
27 February 10:04 AM Al Yamamah EGM approves SAR 139.7m dividends for 2016
Riyadh - Mubasher: The extraordinary general meeting (EGM) of Al Yamamah Steel Industries Company approved the distribution of cash dividends to the shareholders for 2016. Dividends will be distributed at SAR 2.75 per share or 27.5% of the nominal …
The 150-bed facility is valued at AED 327.3 million (Photo Credit: Press Release)
27 February 09:59 AM Ajman Bank, German Hospitals Group sign deal for new project
Dubai – Mubasher: Ajman Bank has inked a financing agreement with Saudi German Hospitals Group for the construction of the Saudi German Hospital – Ajman (SGH-Ajman) project. The 150-bed facility is valued at AED 327.3 million, according to a …
(Photo credit: Arabianeye - Reuters)
27 February 09:25 AM SISCO proposes 20% capital hike through bonus shares
Riyadh – Mubasher: Saudi Industrial Services Co's (SISCO) board recommended a 20% increase in capital through bonus shares. The company's capital will rise from SAR 680 million to SAR 816 million, so that the number of shares will go up from 68 …
(Photo archive)
27 February 09:18 AM Amiantit shareholders equity down SAR 157.7m on IFRS conversion
Riyadh – Mubasher: Saudi Arabian Amiantit Company said that shareholders equity decreased SAR 157.7 million as of 1 January and SAR 134.2 million as of 31 December 2016 as a result of converting to IFRS. The company noted that all International …
(Photo credit: Arabianeye - Reuters)
27 February 08:57 AM Bawan to distribute SAR 0.25/shr dividends for Q4
Riyadh – Mubasher: Bawan Holding decided to distribute 2.5% dividends for the fourth quarter of 2016 at SAR 0.25 per share, totaling SAR 15 million. Shareholders of record until the close of trading on 5 March are eligible for the dividends, which …
(Photo archive)
27 February 08:38 AM Part of King Fahd Airport to be offered for subscription – GACA
Riyadh – Mubasher: Saudi General Authority of Civil Aviation (GACA) said that a part of King Fahd International Airport Company will be offered for subscription in the future. Privatizing King Fahd International Airport in Dammam is not the first …
Traders at DFM (Photo Credit: Arabianeye-Reuters)
27 February 06:09 AM Gulf exchanges need new liquidity – Analysts
By: Mahmoud Gamal Mubasher: Most Gulf markets need the entry of new liquidity to be able to break important resistance levels on Monday, amid the control of speculations and the decline of oil prices, capital market analyst Ahmed Akl told …
Capital Market Authority vice chairman Mohammed El-Kuwaiz at the launching ceremony of Nomu
26 February 04:36 PM CMA targets 35 Nomu-listed companies in 2017
By: Mohamed Idris Riyadh - Mubasher: The vice chairman of the Saudi Capital Market Authority (CMA) said that the Nomu-Parallel Market will attract between 30 to 35 companies before the end of the year. Mohammed bin Abdullah El-Kuwaiz also told …
Photo Credit: Mubasher
26 February 04:29 PM Malath to consider capital cut mid-March
Mubasher: Malath Cooperative Insurance and Reinsurance will hold its extraordinary general meeting (EGM) on Sunday, 12 March, to overview the board’s recommendation of decreasing its capital by 60%. The shareholders will discuss reducing the …
The benchmark index closed at 7,049.5 points - (Photo Credit: Arabianeye-Reuters)
26 February 03:43 PM TASI closes at marginal gain
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Sunday’s trading in green, with a mixed performance by the market sectors, while the Nomu-Parallel Market saw maximum gains for all of its stocks in its first session. The Tadawul All …
Photo Credit: Arabianeye-Reuters
26 February 12:40 PM Nomu-Parallel Market rises on launching session
Riyadh - Mubasher: In its first trading session, the Nomu-Parallel Market saw a group rise on Sunday, with some stocks reaching the maximum allowed limit that has been set at 20%. Arab Sea Information System, and Devlopment Works surged 20%, while …
Capital Market Authority vice chairman Mohammed El-Kuwaiz - (Photo Archive)
26 February 12:03 PM Saudi market among world’s top 10 by 2030 - CMA
By: Mohamed Idris Riyadh - Mubasher: The vice chairman of the Saudi Capital Market Authority (CMA) said that Saudi Arabia aims to be the biggest market in the Middle East by 2020, and one of the world’s top 10 by 2030. Mohammed bin Abdullah …
The insurance coverage includes SAR 68.40 million worth premiums (Photo Credit: Mubasher)
26 February 10:06 AM Tokio Marine extends deal with Aljomaih Holding
Mubasher: Al Inma Tokio Marine Co has renewed, on 23 February, its insurance agreement with Aljomaih Holding Co for one year starting from March, 2016, according to a bourse statement issued on Sunday. The insurance coverage includes SAR 68.40 …
The overall value of dividends distributed in FY16 stands at SAR 72.39 million (Photo Credit: Mubasher)
26 February 09:12 AM Aslak board proposes 6.5% dividends payout
Mubasher: The board of United Wire Factories Co (Aslak) recommended 6.5% of cash dividends for the second half of 2016. The company will distribute SAR 0.65 per share, with an overall value of SAR 28.5 million, according to a bourse statement …
(Photo credit: Arabianeye - Reuters)
26 February 08:22 AM Nomu launches Sunday with 7 listed firms
Riyadh – Mubasher: Nomu - Parallel Market will launch on 26 February by listing and trading on seven companies. The Saudi Stock Exchange (Tadawul) said that each of the seven listed firms has to have a fluctuation limit of 20%, according to a …
Gold prices are expected to decline to 1,220-1,200 points (Photo Credit: Arabianeye-Reuters)
26 February 06:17 AM US dollar likely to strengthen; gold prices to decline
By: Mahmoud Gamal Mubasher: The US dollar is expected to rise this week, amid anticipations of strong economic data that will increase the possibility of a rate hike by the US Federal Reserve next month; thus, pushing gold prices down. The US …
Traders at the Abu Dhabi Securities Exchange (ADX) (Photo Credit: Arabianeye-Reuters)
26 February 05:52 AM Investors likely to buy GCC stocks ahead of dividends
By: Mahmoud Gamal Mubasher: Most Gulf stock markets are expected to rise as portfolio investors will increase their positions, in line with the volatility of global stock and oil markets, analysts told Mubasher. Portfolio investors are likely to …
Omani crude oil reached $53.43 per barrel - (Photo Credit: Arabianeye-Reuters)
25 February 04:07 PM Oman oil down 12 cents
Mubasher: The price of Oman oil for April delivery decreased by 12 cents per barrel, according to the Dubai Mercantile Exchange (DME). Omani crude registered $53.43 per barrel (pb) on Friday, compared to $54.44 pb on Thursday. It’s worth noting …
Photo Credit: Arabianeye-Reuters
25 February 03:14 PM Gulf companies showing interest in Nomu-Parallel Market
By: Mohamed Idris Riyadh - Mubasher: The CEO of the Saudi Stock Exchange (Tadawul) said that a number of companies from the Gulf region have requested to be listed on the Nomu-Parallel Market. Khalid Al-Hassan also told Mubasher, during a press …