Riyadh – Mubasher: Saudi Tadawul Group has approved the listing of new debt instruments worth SAR 4.65 billion as of 21 June 2021, according to a disclosure on Thursday. Tadawul also announced the listing of debt instruments worth a total of SAR …
Riyadh – Mubasher: The Council of Saudi Chambers has officially changed its name to the Federation of Saudi Chambers, state-run news agency SPA reported on Thursday. Friday, 18 June 2021 will mark the entry into force of the new commercial …
Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) will distribute cash dividends worth a total of SAR 843.75 million to the entitled shareholders for the first half (H1) of 2021. The company will pay SAR 1.5 per share, representing …
Riyadh – Mubasher: National Building and Marketing Company has submitted its request to move to the main market of the Saudi Exchange (Tadawul) under the Tadawul All Share Index (TASI). The company is currently listed and trading on the parallel …
Riyadh – Mubasher: The Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) ended Thursday at 10,853.12 points, down by 0.03% or 2.83 points compared to the prior session. The turnover totalled SAR 14.11 billion through the exchange of …
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has raised $6 billion by issuing USD-denominated international trust certificates. Aramco completed on 17 June the Sukuk issuance of 30,000 notes at a par value of $200,000 each, …
Riyadh – Mubasher: Saudi Arabia’s Ministry of Health has vaccinated approximately 98% of the elderly, aged 60 years or older, against COVID-19. This percentage has been achieved after administering at least one dose of the vaccine, Saudi Press …
Mubasher: The Middle East is not far from seeing more billion-dollar startups in the coming months, and it could be having “a few more unicorns in the region,” CEO of ride-hailing company Careem Mudassir Sheikha stated during a CNBC event The …
Mubasher: Saudi Arabia witnessed the most active initial public offering (IPO) transactions across the MENA region, topping the regional listing venue in the first quarter (Q1) of 2021, a recent report by Ernst & Young (EY) unveiled. The Saudi …
Riyadh – Mubasher: The shareholders of Saudi Automotive Services Company (SASCO) approved the board’s recommendation of paying an additional cash dividend of SAR 0.2 per share for 2020. SASCO will pay a total of SAR 12 million, representing 2% of …
Riyadh – Mubasher: Saudi Arabia announced 1,239 new COVID-19 infections on Wednesday. There were 932 additional recoveries as well as 15 more deaths, the Ministry of Health said. The Kingdom has registered a total of 469,414 cases since the …
Riyadh – Mubasher: The Saudi General Authority for Competition (GAC) approved for Ataa Educational Company to acquire Arabian Education and Training Group Co., according to a bourse filing on Wednesday. Ataa expected to complete the takeover …
Riyadh – Mubasher: The board of the Mediterranean and Gulf Insurance and MedGulf Reinsurance Company (MedGulf) gave the green light for increasing the rights issue value to SAR 420 million instead of SAR 350 million. The company aims to raise its …
Riyadh – Mubasher: Red Sea International Company has penned a three-month contract worth SAR 52.93 million with the Royal Commission of AlUla, according to a bourse disclosure on Wednesday. The listed company will design, construct, supply, and …
Riyadh – Mubasher: The Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Wednesday at 10,855.95 points, higher by 0.23% or 24.57 points compared to the past session. The turnover amounted to SAR 8.76 billion after trading …
Riyadh – Mubasher: The Saudi Central Bank (SAMA) said the digital currency project Aber has succeeded to achieve its main objectives that mainly include understanding, experiencing, and analysing the maturity of the distributed ledger technology …
Riyadh – Mubasher: Saudi Arabia has reduced its holdings of US treasury bonds to $130.3 billion in April, hitting the lowest level in eight months compared to $130 billion in August 2020, according to official data on Wednesday. The holdings …
Mubasher: Saudi and Emirati banks had the most entries in Forbes Middle East’s Top 50 Banks in The Middle East list for 2021 with 10 financial institutions each. Qatar National Bank topped the region’s listed banks with profits of $3.3 billion and …
Riyadh – Mubasher: The Consumer Price Index (CPI) of Saudi Arabia went up 5.7% in May this year, compared to the same month in 2020, according to official figures on Tuesday. The inflation rate in May was also higher by 0.2% than April, when it …
Riyadh – Mubasher: The Tadawul All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Tuesday lower by 82.18 points or 0.75% at 10,831.38 points. The turnover amounted to SAR 12.19 billion after trading 370.35 million shares, lower than SAR …
Riyadh – Mubasher: ACWA Power has raised SAR 2.8 billion through a senior, unsecured, floating Sukuk rate issuance under the Shariah-compliant Mudaraba-Murabaha structure, according to a press release on Tuesday. The Islamic financing notes hold a …
Riyadh – Mubasher: Mohammed Hassan Al Naqool Sons Co. announced the beginning of the pilot production phase at its SAR 20 million worth project in Egypt, according to a bourse filing on Tuesday. The Saudi listed firm has established the subsidiary …
Riyadh – Mubasher: Tihama Advertising and Public Relations Company has appointed Mazen Mohamed Al Asmari as the new CEO effective from 14 June. Al Asmari has been the Executive Vice President of Tihama before assuming the CEO position. He holds …
Riyadh – Mubasher: Watani Iron Steel Company has fully repaid a short-term loan worth SAR 40 million from Saudi British Bank (SABB)- Alawwal Bank, according to a bourse filing on Tuesday. Repaying the credit facility will contribute to reducing …
Riyadh – Mubasher: Raydan Food Company has signed a franchise agreement with Egypt-based Golden Star Est for Ready Meals at a value of $30,000. The contract has been registered under the trademark Raydan for 6% of total sales besides the franchise …
