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TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Tasi, the Tadawul All Share Index, vaults 0.4% to go past 11,800

Turnover reached SR1.6 billion ($430m) during the period.
By TRENDS Desk
October 19, 2021 5:36 pm
  • Al Rajhi Bank rose more than 1 percent
  • Etihad Etisalat (Mobily) gained 2 percent to SR30.85

The Tadawul All Share Index, TASI, vaulted 0.4 percent to surge past the 11,800 point level in early trade today.

Turnover reached SR1.6 billion ($430m) during the period. Al Rajhi Bank rose more than 1 percent.

Etihad Etisalat (Mobily) gained 2 percent to SR30.85 in a boost to the stock after it reported net profit after Zakat and tax of SR751 million for the first nine months of 2021. SABIC Agri-Nutrients, Mouwasat, Dar Al Arkan and SGS increased between 1 and 3 percent.

Here’s a wrap of market movements as of 10:30 a.m. Riyadh time: Yamama Cement Co. net profit was down 36 percent to SR172.5 million for the first nine months of 2021.

Fawaz Alhokair Co. and Arabian Centres Co. acquired 51 percent of VogaCloset. Saudi Paper board recommends capital increase through SR145 million rights issue.

Saudi Arabian Amiantit Co. announced the resignation of board member, Khalil Abdulfatah Kurdi.

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