September 12th, 2019 | 0 commentsThe Saudi Stock Exchange’s Tadawul All-Share Index (TASI) declined by 109.83 points, or 1.38%, to close at 7,855.3 points on Wednesday, its lowest level in more than eight months. Most of the market’s sectors went down, led by telecom and consumer services, which shed 2.2% and 2.05%, respectively. Meanwhile, the material sectors lost 1.56...
September 11th, 2019 | 0 commentshe speaker of the Saudi Shoura Council, Dr. Abdullah Al-Asheikh, said on Monday that he would look into resolving issues faced by Sri Lankans in Saudi Arabia and the possibility of increasing the Hajj quota for the island nation in the near future. Al-Asheikh is leading a delegation to Sri Lanka on a three-day official visit, on the invit...
September 11th, 2019 | 0 commentsThe Saudi Cabinet on Tuesday reiterated Riyadh’s support for Palestinian people and welcomed the speech by the Kingdom’s permanent representative to the UN, Abdallah Al-Mouallimi, at the UN Committee on the Exercise of the Inalienable Rights of the Palestinian People. In his speech, Al-Mouallimi reaffirmed Saudi Arabia’s support for Pales...
September 11th, 2019 | 0 commentsThe benchmark Tadawul All Share Index (TASI) of the Saudi Stock Exchange (Tadawul) opened Tuesday’s trading session slightly down, pressured by several sectors led by the banks and the telecommunications services sectors. Early Tuesday, TASI retreated by 0.80% to 7,990.73 points. Tadawul’s turnover amounted to SAR 647.139 million through...
September 11th, 2019 | 0 commentsThe extraordinary general meeting (EGM) of Development Works Food Company (DWF) on 9 September approved to increase the firm’s capital to SAR 25 million from SAR 12.5 million through granting 100% bonus shares of the retained earnings to the shareholders. The bonus shares will be due for the company’s shareholders of records on 9 Septembe...
September 11th, 2019 | 0 commentsThe value of Saudi Arabian mergers and acquisitions (M&A) market surged to $72.6 billion during the first six months of 2019. The boom in the kingdom’s M&A market was based on a mega acquisition conducted by Saudi Aramco, according to a report released on Tuesday by Mergermarket. In March, Saudi Aramco announced the closure of a S...
September 10th, 2019 | 0 commentsDelegates from Saudi Arabia participated in UNESCO 4th World Heritage marine site managers conference at Glacier Bay National Park, Alaska, US. The conference coincides with the announcement of the French Austral Island Park (Kerguelen Islands, France) in the Southern Ocean as the 50th addition to the Marine World Heritage Sites list. UNE...
September 10th, 2019 | 0 commentsSaudi Arabia's King Salman was reassured about the health of the Emir of Kuwait following a telephone call with the Kuwaiti leader on Monday. King Salman spoke to Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah to check on his health while he was completing his medical examinations. The emir expressed thanks and appreciation to the King for his g...
September 10th, 2019 | 0 commentsOil prices climbed on Monday after Saudi Arabia named a long-time oil veteran Prince Abdulaziz bin Salman as its new energy minister, which is widely seen a move towards supportive an output-cutting agreement with major producers, according to Reuters. By 9:57 am GMT, US Nymex crude futures jumped by 0.97% to $57.07 per barrel (pb), while...
September 10th, 2019 | 0 commentsThe Saudi Stock Exchange (Tadawul) is expected to attract additional inflows of $3 billion in the remaining phases of its inclusion in the FTSE Russell emerging market index, chairperson of Tadawul, Sarah Al Suhaimi, told Al Arabiya. The Saudi bourse’s first exchange-traded derivative product is also forecast to be launched in the fourth...
