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Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events during this week in the period from 24 until 28 September
3 hours ago Tadawul awaits important events this week
Riyadh – Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events during this week in the period from 24 until 28 September. Saudi Arabian Fertilizer Co (SAFCO) on Tuesday, 26 September will start …
KSA's CITC to stop telecom firms services subject to violations – Minister
02:10 PM KSA's CITC to stop telecom firms services subject to violations – Minister
Riyadh – Mubasher: Communications and Information Technology Commission (CITC) of Saudi Arabia was authorised to stop the telecoms firms services’, in case of violations, Okaz newspaper on Saturday reported, citing Abdullah Al-Sawahah, Minister of …
STC had won and auction to sell the frequencies at SAR 2.5 billion
22 September 07:38 PM STC pays 30% of new frequencies price
Riyadh – Mubasher: Saudi Telecom (STC) on Thursday announced that it paid 30% of the total value of its new frequencies at bands; 700 and 1800 megahertz (MHz), worth SAR 752 million, on 21 August. Last June, the company had won an auction, managed …
Saudi Arabia Medgulf owed this amount to Medgulf Bahrain
22 September 07:18 PM Medgulf Bahrain reduces debts to SAR 123m
Riyadh – Mubasher: Mediterranean and Gulf Cooperative Insurance and Reinsurance (Medgulf) on Thursday announced a settlement of Medgulf Bahrain debts, amounting to SAR 163.38 million, by SAR 40.59 million. Saudi Arabia Medgulf owed this amount to …
An agreement had been signed in 2015 between KACARE and South Korea
22 September 05:35 PM KSA launches first nuclear power station in 2020
Ryiadh – Mubasher: The South Korean ambassador to the Kingdom of Saudi Arabia, Kwan Pyung-oh, said that his country is looking forward to constructing the first nuclear power station in the Kingdom, according to Al Eqtisadiah newspaper. The …
The number of the Saudi visitors during the first seven months of 2017 amounted to 904,000 visitors
22 September 04:56 PM Dubai sees 9.46m Saudi tourists in 10 years
Dubai – Mubasher: The number of Saudi tourists to the emirate of Dubai during the last 10 years reached 9.47 million tourists, according to Al Bayan newspaper. The number of the Saudi visitors during the first seven months of 2017 amounted to …
Saudis top other GCC and Arab investors
22 September 04:37 PM Saudis invest AED 53bn in Dubai real estate
Abu Dhabi – Mubasher: Sultan Butti bin Mejren, director general of Dubai Land Department, announced that the investments of Saudi nationals reached AED 53 billion, during the period from 2002 until September 2017, according to Al Bayan newspaper. …
Al Tayyar signed a one-year agreement with Saudi Airlines for issuing tickets for Ministry of Education employees
22 September 03:42 PM Al Tayyar invests in hotel development fund, signs with Saudi Airlines
Riyadh – Mubasher: The board of Al Tayyar Travel Group Holding on Thursday agreed on contributing in a special real estate fund for developing medium-sized hotels. The board approved assigning three pieces of land in Jeddah to the fund, the …
TASI fell 0.64% or 46.85 points to 7,326.32 points.
22 September 02:34 PM TASI loses SAR 13bn, NOMU rises 1.4% in week
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended the week on Thursday, 21 September, with its Tadawul All Share Index (TASI) dropping 0.64% or 46.85 points to 7,326.32 points. TASI lost 0.76% of traded value, or SAR 13.3 billion ($3.55 …
Mouwasat Medical Services Company on Thursday singed a SAR 150 million agreement with Project Build Co. Ltd. (PBC) to expand a hospital in Dammam
21 September 05:45 PM Mouwasat, PBC ink SAR 150m Dammam expansion deal
Riyadh – Mubasher: Mouwasat Medical Services Company on Thursday signed an SAR 150 million agreement with Project Build Co. Ltd. (PBC) to expand a hospital in Dammam. The project's expansion will be implemented on a 26-month period, starting from …
Mobily pays SAR 126.9 for 1,800MHZ spectrum Thursday
21 September 05:06 PM Mobily pays SAR 126.9 for 1,800 MHZ spectrum
Riyadh – Mubasher: Etihad Etisalat Co (Mobily) on Thursday said it paid SAR 126.9 million as an instalment to receive the 1,800 Megahertz (MHZ) spectrum. The payment makes up 30% of the total amount due, which is SAR 422 million. This investment …
The media, real estate management and development, energy, and materials sectors went up 3.9%, 0.6%, 0.62%, and 0.25%, respectively
21 September 04:23 PM TASI, Nomu end Thursday in green
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday in the green zone after its benchmark Tadawul All Share Index (TASI) increased 0.09% or 6.48 points reaching 7,326.32 points. TASI’s traded volume stood at 87.61 million shares …
The financial impact of the transaction will appear sstarting from 1 January 2018
21 September 03:39 PM Zain KSA pays SAR 254m for additional spectrum
Riyadh – Mubasher: The Saudi Mobile Telecommunications Company (Zain) on Thursday paid SAR 253.8 million as the first tranche of its operating cash inflows to acquire additional spectrum. The payment represents 30% of the total amount which is SAR …
Ticket prices will not be impacted by the gradual reduction of fuel subsidies
21 September 03:09 PM Fuel hike not to impact ticket prices – Saudi GACA
Riyadh – Mubasher: Ticket prices will not be impacted by the gradual reduction of fuel subsidies during 2017 and 2018, spokesperson of the Saudi General Authority of Civil Aviation (GACA) Abdullah Alkhareef said. Ticket prices have a certain …
KSA tops Dubai's external trade markets – official
21 September 02:00 PM KSA tops Dubai's external trade markets – official
Dubai – Mubasher: Saudi Arabia led the most strategic destinations of Dubai’s external trade, Saed Al Awadi, CEO of Dubai Exports said. The largest Arab country and GCC partner in the UAE’s trade is Saudi Arabia, Al Awadi added. The external …
Arabian Cement, Mouwasat stocks see private deals at SAR 10.4m Thursday
21 September 01:28 PM Arabian Cement, Mouwasat stocks see private deals at SAR 10.4m Thursday
Riyadh – Mubasher: Two private transactions were executed on the stocks of Saudi Arabia-based Arabian Cement Co, and Mouwasat Medical Services Company totaled SAR 10.396 million with a trading volume of 299,000 shares during Thursday's trading …
Google signed a $1.1 billion dollar agreement with HTC Corporation to purchase a stake of its operations
21 September 01:02 PM Google buys $1.1bn stake in HTC
Mubasher: Google signed a $1.1 billion dollar agreement with HTC Corporation to purchase a stake of its operations. Alphabet Inc., Google's owner on Thursday stated that some of HTC’s employees will join Google, as well as Google will receive a …
KSA approved SAR 9bn to access optic wires, broadband – Minister
21 September 10:06 AM KSA nods to SAR 9bn optic wires, broadband access – Minister
Riyadh – Mubasher: Saudi Arabia approved SAR 9 billion for fiber optics and broadband access to all the Kingdom’s regions, Bloomberg on Wednesday reported, citing Abdullah bin Amer Al-Sawahah, the minister of communication and information …
Harvey Hurricane leads Aramco to raise NGL prices in September
21 September 09:43 AM Hurricane Harvey leads Aramco to raise NGL prices in September
Riyadh – Mubasher: Hurricane Harvey which hit the US last week has led Saudi Arabian Oil Co, known globally as Saudi Aramco, to raise the prices of natural gas liquids (NGL) in September, especially for its Asian customers, Al Rajhi Capital …
The general wholesale price index in Saudi Arabia fell 1.2% in August
20 September 07:51 PM Saudi wholesale price index falls 1.2% in August
Riyadh – Mubasher: The general wholesale price index in Saudi Arabia fell 1.2% in August on a year-on-year basis, data released by the General Authority for Statistics (GASTAT) on Wednesday showed. The drop was mainly due to declines in four …
The acquisition was made at SAR 29.5 per share
20 September 07:36 PM KHC closes $1.5bn acquisition in BSF
Riyadh – Mubasher: Kingdom Holding Company on Wednesday announced closing its acquisition of a 16.2% stake in Banque Saudi Fransi (BSF). The acquisition was made at SAR 29.5 per share, registering a total consideration of SAR 5.8 billion ($1.5 …
Saudi Research to obtain Bloomberg Arabia licence
20 September 06:00 PM Saudi Research plans to launch Bloomberg Arabia
Riyadh – Mubasher: Saudi Research and Marketing Group on Wednesday signed an agreement with Bloomberg L.P. to obtain an exclusive licence to launch Bloomberg channel, radio station, digital platform, and business magazine in Arabic at a value of …
Aramco to sell, buy non-Saudi oil – Al-Buainain
20 September 05:20 PM Aramco to sell, buy non-Saudi oil – Al-Buainain
Riyadh – Mubasher: The Saudi Arabian Oil Co, known internationally as Saudi Aramco plans to expand its activities through buying and selling the non-Saudi oil, Bloomberg reported citing Aramco’s CEO of products trading Ibrahim Al-Buainain as …
The utilities, food and beverages, banks, telecommunication services, and materials sectors levelled down 1.1%, 0.9%, 0.75%, 0.3%, and 0.25%, respectively
20 September 04:58 PM TASI, Nomu end mixed Wednesday
Riyadh – Mubasher: The Saudi Stock Exchange’s main Tadawul All Share Index (TASI) closed Wednesday 0.43% or 31.31 points lower to reach 7,319.84 points. TASI’ traded value amounted to SAR 8.33 billion on Wednesday against SAR 3.01 billion on …
“However, this investor class has seldom been researched in detail despite its widespread influence in the economy,” the report commented
20 September 03:59 PM Pension funds important for GCC stability, growth – Marmore
Mubasher: Pension funds across the GCC are the second largest set of institutional investors in the region after the Sovereign Wealth Funds (SWFs), according to a report by Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre …