April 23rd, 2019 | 0 commentsKhaled bin Mohammed Al-Sharif is the newly appointed Saudi ambassador to Cyprus following a royal decree. Al-Sharif has served in a number of embassies around the world including being the consul general in New York and the charge d'affaires at the Saudi Embassy in Norway. He has also worked at the Saudi embassies in Washington, Cairo and...
April 23rd, 2019 | 0 commentsKing Salman on Monday received regional secretaries, mayors, heads of municipal councils and senior officials of the Ministry of Municipal and Rural Affairs at Al-Yamamah Palace in Riyadh. The king stressed the importance of raising the quality of municipal services and intensifying efforts in this regard to achieve the aspirations of cit...
April 23rd, 2019 | 0 commentsTwo Saudis were among 31 foreigners killed in a string of Easter Sunday suicide bombings in Sri Lanka, the Sri Lankan Foreign Ministry said on Monday, a day after the devastating attacks on hotels and churches killed at least 290 people and wounded nearly 500. The extent of the carnage began to emerge as information from government offici...
April 23rd, 2019 | 0 commentsThe Saudi Stock Exchange (Tadawul) started Monday’s trading session with negative performance after its main Tadawul All Share Index (TASI) fell 9.5 points, or 0.1%, reaching 9,230.2 points. By 10:35 am Saudi time, TASI’s trading volume hit 34.3 million shares exchanged through 20,500 transactions at a turnover of SAR 692 million. The ret...
April 23rd, 2019 | 0 commentsDar Al Arkan Real Estate Development Company said it will redeem SAR 1.5 billion ($400 million) 2019 Sukuk from the company’s internal cash reserves. The sukuk, listed on the Irish Stock Exchange and Nasdaq Dubai, are due to mature on 28 May 2019, the Saudi Arabian real estate developer said in a statement, adding that it has no plans to...
April 23rd, 2019 | 0 commentsSaudi Arabia’s Ministry of Housing started the implementation of 46 residential projects, a spokesperson told Al Eqtisadiah newspaper. These developments are a part of 70 properties which will be built over the coming period. The residential projects will be carried out in various regions by cooperating with the private sector, Saif Al Su...
April 23rd, 2019 | 0 commentsSaudi Basic Industries Corporation’s (SABIC) stock on Monday saw a private transaction at a value of SAR 9.61 million on the Saudi Stock Exchange (Tadawul). The deal saw trading of nearly 76,880 shares at SAR 125 a share, the Saudi bourse revealed. During Monday’s trading session, SABIC’s stock has been traded between SAR 125 and SAR 126....
April 23rd, 2019 | 0 commentsJarir Marketing Co. announced the establishment of its first branch in Bahrain with total investments of about BHD 4 million ($10 million). First Bahrain Real Estate Development Company (First Bahrain) will carry out the construction and development works of the new branch in Seef District, according to a statement issued by Bahrain Econo...
April 23rd, 2019 | 0 commentsAlinma Bank has invested SAR 16 billion ($4.27 billion) in sukuk, including SAR 13 billion ($3.47 billion) in government sukuk, the lender’s CEO told Al Arabiya. The 30% year-on-year growth in the Saudi lender’s financing and investment portfolio in the first quarter of 2019 has largely contributed to the bank’s profit growth in Q1-19, Ab...
April 23rd, 2019 | 0 commentsGoods handled in Saudi Arabia’s ports rose 7.6% year-on-year to 66.3 million tonnes in the first quarter of 2019, the Saudi Ports Authority (MAWANI) said in a statement on Monday. The handled containers amounted to 1.68 million and ships hit about 2,980 with nearly 320,190 passengers, while vehicles reached around 162,070, MAWANI added. I...
