August 16th, 2019 | 0 commentsIndian Ambassador Dr. Ausaf Sayeed thanked King Salman and Crown Prince Mohammad bin Salman for hosting 2.7 million Indian nationals in Saudi Arabia. Speaking at India’s 73rd Independence Day celebrations in Riyadh on Thursday, Sayeed thanked the Saudi leadership for increasing India’s quota of Hajj pilgrims to 200,000 this year. He said...
August 16th, 2019 | 0 commentsTotal assets of the Saudi Arabian Oil Company, known as Saudi Aramco, increased by 5.8% year-on-year during the first half of 2019. Assets of the Saudi-based company reached AED 1.42 trillion ($379.85 billion) in H1-19, compared to AED 1.34 trillion ($358.98) in H1-18, according to Aramco’s recent report. Non-current assets, which represe...
August 16th, 2019 | 0 commentsSaudi Arabia’s bank lending levelled up by 3.1% during the second quarter of 2019, supported by the increase in long-term credit facilities by more than SAR 100 billion, according to the Saudi Arabian Monetary Authority’s (SAMA) data. Total loans recorded SAR 1.45 trillion in Q2-19, compared to SAR 1.41 trillion in Q2-18. The long-term lo...
August 7th, 2019 | 0 commentsJarir Marketing Company reported its initial financial statements for the second quarter of 2019. Net profits after zakat and tax went up 3.9% to SAR 169.1 million in Q2-19, compared to SAR 162.6 million in Q2-18, according to the company’s filing to the Saudi Stock Exchange (Tadawul) on Tuesday. The increase in profits was attributed to...
August 7th, 2019 | 0 commentsThe Saudi Stock Exchange’s (Tadawul) ended Tuesday’s trading session in red territory for the fifth session in a row. The benchmark Tadawul All Share Index (TASI) went down by 0.84%, or 71.18 points, ending the session at 8,394.07 points. TASI’s turnover increased to SAR 2.94 billion on Tuesday, from SAR 2.54 billion on Monday, while trad...
August 7th, 2019 | 0 commentsSaudi Arabia Refineries (SARCO) turned to profit during the second quarter of 2019, achieving SAR 10.2 million net profit. In the first six months of the year, SARCO’s profit reached SAR 8.96 million, according to a bourse statement released on Tuesday. “The reason for profit during the current quarter is due to dividend distributions for...
July 30th, 2019 | 0 commentsSaudi Arabia’s Minister of Hajj and Umrah Dr. Mohammed Salih Bentin will launch the 44th Hajj Grand Symposium on Aug. 5 under the title “Islam: Coexistence and Tolerance.” The two-day symposium at the Hilton Makkah Convention Hotel will include Islamic thinkers and scholars from the Kingdom and other areas of the Islamic world. Dr. Abdul...
July 30th, 2019 | 0 commentsAbdallah Al-Mouallimi, Saudi Arabia’s permanent representative to the UN, received a delegation from the King Salman Humanitarian Aid and Relief Center (KSRelief) that is participating in meetings of the Advisory Group of the Global Coalition for the Reintegration of Former Child Soldiers. The delegation’s participation comes in response...
July 30th, 2019 | 0 commentsThe Saudi Stock Exchange (Tadawul) started Monday’s trading session with mixed performance. By 10:45 am KSA time, the main Tadawul All-Share Index (TASI) went down 0.59%, or 52.13 points, to 8,807.19 points. TASI’s traded volume reached 24.8 million shares exchanged at a turnover of SAR 607.14 million through 26,160 transactions. The bank...
July 30th, 2019 | 0 commentsAl Rajhi Capital announced the interim financial results of Al Rajhi REIT Fund for the first half of 2019. Net profits amounted to SAR 30 million in H1-19, while total income stood at SAR 56.89 million, according to a filing to the Saudi Stock Exchange (Tadawul) on Monday. By the end of June, the fund’s net asset value reached SAR 1.2 bil...
