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...
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...
