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Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Saudi stocks shoot up on the back of high oil prices

In the financial sector, the Kingdom’s largest valued bank Al Rajhi Bank saw its share price drop 0.13 percent.
By TRENDS Desk
March 9, 2022 9:46 pm
  • Oil prices kept rising rapidly, as Brent crude oil peaked at $130.85 per barrel, while US WTI crude reached $125.96 per barrel
  • Wataniya Insurance Co. gained 4.40 percent at the opening bell to be the top gainer at the opening bell

Nudged by high oil prices, Saudi stocks inched up as the main index, TASI, gained 0.24 percent to touch 12,882, while the parallel market fell 0.22 percent to 24,487.

Oil prices kept rising rapidly, as Brent crude oil peaked at $130.85 per barrel, while US WTI crude reached $125.96 per barrel.

Wataniya Insurance Co. gained 4.40 percent at the opening bell to be the top gainer at the opening bell.

Rabigh Refining and Petrochemical Co. dropped 2.08 percent, despite turning into profit of SR2 billion ($533 million) in 2021.

Saudi Co. for Hardware decreased 2.87 percent, as it turned into losses of SR28 million during 2021.
In the financial sector, the Kingdom’s largest valued bank Al Rajhi Bank saw its share price drop 0.13 percent.

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