October 2nd, 2019 | 0 commentsThe supervisor general of King Salman Humanitarian Aid and Relief Center (KSRelief), Dr. Abdullah Al-Rabeeah, held a meeting with Anna Fotyga, member of the European Parliament from Poland, during which they discussed prospects of cooperation between KSRelief and the EU in the field of humanitarian works. Al-Rabeeah also briefed the Europ...
October 2nd, 2019 | 0 commentsSaudi Arabia’s Cabinet on Tuesday welcomed the formation of Syria’s Constitutional Committee, saying that the Kingdom supports the political track to end the Syrian crisis. In a statement to the Saudi Press Agency, Minister of Information Turki bin Abdullah Al-Shabanah said, based on UN Resolution 2254, Syria’s territorial integrity must...
October 2nd, 2019 | 0 commentsAl Alamiya for Cooperative Insurance Company, listed on the Saudi Stock Exchange (Tadawul), announced it has signed an agreement with Panda Retail Company. Under the agreement, Al Alamiya will provide Panda Retail with general insurance services for a year as of 1 October 2019, Alamiya said in a bourse filing on Tuesday. “The contract rev...
October 2nd, 2019 | 0 commentsThe Saudi Economic and Development Securities Company (SEDCO Capital) will distribute a total value of SAR 9.900 million worth of cash dividends to SEDCO Capital REIT Fund unitholders for the period from 1 July 2019 to 30 September 2019. Based on 60 million existing units, the distribution’s value amounts to SAR 0.165 per unit, equivalent...
October 2nd, 2019 | 0 commentsThe Saudi Stock Exchange’s Tadawul All-Share Index (TASI) grew 266 points, or 3.4%, to reach 8,092.74 points during the first nine months of 2019. Market capitalisation gained SAR 49 billion ($13.2 billion) from January to the end of September, recording SAR 1.908 trillion ($509 billion), compared to SAR 1.858 trillion ($496 billion) at t...
October 2nd, 2019 | 0 commentsThe Saudi Stock Exchange’s Tadawul All-Share Index (TASI) went down by 39.05 points, or 0.48%, to close at 8,052.71 points on Tuesday. The market’s trading volume reached 121.89 million shares, while its turnover amounted to SAR 2.99 billion. The food retailing sector declined by 2.41%, while the banking, telecom, and materials sectors sh...
October 2nd, 2019 | 0 commentsSaudi Basic Industries Corp. (SABIC) has announced that it obtained regulatory approvals to merge its wholly-owned affiliate Saudi Petrochemical Company with all the assets, rights, liabilities, and obligations in its wholly-owned affiliate Arabian Petrochemical Company. The transaction came in line with SABIC’s strategy to boost efficien...
October 2nd, 2019 | 0 commentsSaudi Marketing Company (Farm Superstores) has renewed a SAR 105.5 million credit facility agreement with the National Commercial Bank (NCB). The credit facility started on 3 September 2019 and will end on 31 March 2020, Farm Superstores said in a bourse statement released on Tuesday. The loan will finance capital requirements and plans t...
September 19th, 2019 | 0 commentsThe Saudi Kayan Petrochemical Co, listed on the Saudi Stock Exchange (Tadawul), on Wednesday announced that its feedstock supplies from Saudi Aramco have improved after curtailment went down to 37% from 50%. The reduction is likely to reach normal levels by the end of September as states by the Ministry of Energy, according to a bourse fi...
September 19th, 2019 | 0 commentsThe Saudi Arabian Fertilizer Company (SAFCO) announced that the feedstock supplies to the company’s plants have reached normal levels as of Wednesday, 18 September 2019. Following the evaluation of the final effects, no financial impacts were determined, SAFCO said in a filing to the Saudi Stock Exchange (Tadawul) on Wednesday. On Tuesday...
