September 19th, 2019 | 0 commentsSaudi Arabia increased its holdings of US Treasury bills by 8.4%, or $14 billion, year-on-year, in July 2019. The kingdom’s ownership of US T-bills grew to $180.8 billion at the end of July, compared to $166.8 billion in the year-ago period, according to data released by the US Department of the Treasury. Month-on-month, Saudi holdings of...
September 19th, 2019 | 0 commentsThe Saudi Stock Exchange’s Tadawul All-Share Index (TASI) grew by 50.68 points, or 0.65%, to close at 7,821.23 points on Wednesday, supported by the banking and petrochemical sectors. The banking sector added 0.8%, while the materials, energy, and public utilities sectors grew by 0.64%, 0.77%, and 2.58%, respectively. At the other end of...
September 13th, 2019 | 0 commentsThe board of directors of Herfy Food Services Company approved to distribute SAR 1 cash dividends per share to shareholders for the first half of 2019. The distributions will be paid starting Thursday, 24 October 2019, Herfy Food disclosed to the Saudi Stock Exchange (Tadawul) on Thursday. The dividends shall be due to equityholders on 10...
September 13th, 2019 | 0 commentsThe Saudi Stock Exchange (Tadawul) announced that it has suspended National Building and Marketing Company’s stock from trading, as the company had failed to disclose the financial statements for the second quarter of 2019 during the specified period. The company’s stock will be back to trading after 20 trading sessions starting Sunday, 1...
September 13th, 2019 | 0 commentsThe CEO of Kuwait Oil Company (KOC) Emad Sultan announced that the firm’s operating budget for fiscal year 2019/2020 amounts to KWD 2.5 billion, as reported by Alrai Newspaper. He concluded that KOC’s average capital spending for the current year is valued at KWD 2 billion. Moreover, he noted that the expected number of wells to be drille...
September 13th, 2019 | 0 commentsThe Saudi Stock Exchange’s Tadawul All-Share Index (TASI) ended Thursday in the red territory, pushed down by leading sectors, including banking. TASI shed 23.5 points, or 0.3%, to close at 7,831.8 points, after the banking, material, and consumer durables sectors declined by 0.5%, 0.46%, and 1.71%, respectively. On the other hand, the me...
September 13th, 2019 | 0 commentsACWA Power is planning to expand in 46 countries by 2030, chairman, Mohammad Abunayyan, stated on Thursday, according to the company’s Twitter account. The company also has plans to increase production capacity to 150 gigawatts of electricity and 15 million cubic metres of desalinated water per day, the top official added on the side line...
September 13th, 2019 | 0 commentsGovernor of the Saudi Arabia’s Taif, Saad Al-Maimouni, has launched Madinat Al Wouroud project, Saudi Press Agency (SPA) reported on Thursday. Situated on 6.3 million shares, the project includes 4,775 villas, Al-Maimouni said. Advisor to the minister of housing, Mamdouh Al Sharhan, revealed that there are 67 projects currently underway a...
September 12th, 2019 | 0 commentsSaudi Arabia’s foreign minister says his country is keen to explore ways of strengthening relations with Cyprus given the European Union member country’s geographic location and long-standing ties with the Arab world. Ibrahim Al-Assaf’s visit to the east Mediterranean island nation on Wednesday where he also met with Cypriot President Nic...
September 12th, 2019 | 0 commentsMinister of Health Dr. Tawfiq bin Fawzan Al-Rabiah has highlighted the importance of health care in the private sector. Dr. Al-Rabiah said that the government was committed to creating the optimal investment environment for the health sector to make it more attractive. “The plan is to raise the Kingdom’s position and compete with most dev...
