Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Sunday announced the extension of the closing auction session to 20 minutes instead of 10 minutes on 30 April only, according to a statement. This step comes prior to the second phase of …
Riyadh – Mubasher: Bank AlJazira reported a 7.3% year-on-year net profit increase in the first quarter of 2019. The Saudi lender’s net profits totalled SAR 263.3 million in Q1-19, compared to SAR 245.3 million in the prior-year period, according …
UAE – Mubasher: Middle East Healthcare Company (Saudi German Hospital) on Sunday announced that it has opened a new facility at the emirate of Ajman, the UAE, according to a filing to the Saudi Stock Exchange (Tadawul). The new hospital, owned by …
Riyadh – Mubasher: Bahrain-based Gulf International Bank (GIB) on Sunday announced the completion of converting its branches in Saudi Arabia into a locally incorporated lender to be headquartered in the Saudi Eastern Province. The new bank, which …
UAE – Mubasher: The UAE has been elected as a vice chairman of the Belt And Road Initiative Tax Administration Cooperation Forum (BRITACOM), which took place in China during the period between 18 April and 20 April. Khalid Ali Al Bustani, chairman …
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) main Tadawul All Share Index (TASI) rose 43.14 points, or 0.47%, to close at 9,239.67 points on Sunday. TASI’s liquidity edged down to SAR 2.84 billion on Sunday, compared to SAR 2.87 billion …
Riyadh – Mubasher: Jarir Marketing Co. reported a 6.7% year-on-year net profit increase for the first quarter of 2019, supported by robust top-line growth, according to a report released by NCB Capital (NCBC) on Sunday. Jarir’s net profits, after …
Riyadh – Mubasher: Alinma Bank recorded stronger-than-expected results in the first quarter of 2019, according to a report released by NCB Capital (NCBC) on Sunday. The Saudi lender’s profits rose 21.8% year-on-year to SAR 709 million in Q1-19, …
Riyadh – Mubasher: United International Transportation Company (Budget Saudi) announced that the company’s shareholders had approved distributing a cash dividend of SAR 1.5 per share for 2018 during an ordinary general meeting (OGM) held on …
Riyadh – Mubasher: The Saudi Arabian Oil Co, better known as Saudi Aramco, on Sunday announced the acquisition of Shell Saudi Arabia Refining Limited’s (Shell) 50% stake in the Saudi SASREF joint venture for SAR 2.366 billion ($631 million). …
Riyadh – Mubasher: Abdullah AlOthaim Markets Company announced that the company’s shareholders had approved distributing a cash dividend of SAR 3 a share for 2018 during an ordinary general meeting (OGM) held on Thursday. Dividends will be …
Riyadh – Mubasher: Alinma Bank posted a 21.8% year-on-year net profit growth in the first quarter of 2019. The Saudi lender’s profits amounted to SAR 709 million in Q1-19, compared to SAR 582 million in the year-ago period, according to a …
Riyadh – Mubasher: Jarir Marketing Co. reported a 6.66% year-on-year net profit growth in the first quarter of 2019. The Saudi-based firm’s net profits, after zakat and taxes, amounted to SAR 233.7 million ($62.31 million) in Q1-19, compared to …
Dubai – Mubasher: The real estate sector in Dubai has witnessed more than 20,000 units entering the market during 2018, head of consulting at Chestertons MENA Ivana Vucinic said, according to TimeOut Dubai. The new units have resulted in a …
Riyadh - Mubasher: Saudi Basic Industries Corporation’s (SABIC) stock on Sunday saw a private transaction at a value of SAR 49.6 million on the Saudi Stock Exchange (Tadawul). The deal saw trading of around 392,000 shares at SAR 126.60 a share, …
Riyadh – Mubasher: Alkhabeer Capital reported SAR 188 million ($50.13 million) in operating income for fiscal year 2018, according to a statement on Sunday. The Saudi-based asset management company increased its investment in private equity and …
Riyadh – Mubasher: Saudi Advanced Industries Co. (SAIC) reported a year-on-year profit drop in the first quarter of 2019. The Saudi firm’s net profits amounted to SAR 4.13 million ($1.10 million) in Q1-19, down from SAR 4.16 million ($1.11 …
Riyadh – Mubasher: The Saudi British Bank (SABB) has signed a binding agreement with HSBC Asia Holdings on 18 April 2019 to sell 1 million shares in the share capital of HSBC Saudi Arabia. This stake represents 2% of the issued share capital of …
UAE – Mubasher: Eltizam Asset Management Group announced that it has allocated around AED 200 million for merger and acquisition (M&A) deals that will take place in 2019 and 2020, the company said in a recent statement. The GCC’s leading physical …
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) has turned to profitability during the first quarter of 2019, as compared with 2018, according to the company’s initial data published on the Saudi Stock Exchange (Tadawul) on Sunday. Mobily has …
By: Mahmoud Gamal Mubasher: The GCC stock markets are likely to attract retail and institutional investors, mainly foreign traders, this week, analysts told Mubasher. By the end of Thursday’s trading session, most of the Gulf bourses rose, …
Mubasher: Oman’s SalamAir has added Riyadh and Medina among its destinations, according to a company statement released on Saturday. As of June, the Omani airline will begin four flights per week to Riyadh, along with other flights from and to …
Riyadh – Mubasher: Saudi oil exports shrank for the third successive month in February, according to the Joint Organisations Data Initiative’s (JODI) data revealed. The kingdom’s total oil exports declined by around 432,000 barrels per day (bpd) …
