Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Tihama’s stock surges 10%

The number of investment funds rose to 1,209 by the end of the three-month period, the highest on record.
By TRENDS Desk
October 7, 2022 12:33 pm
  • Its shares jumped 9.81 percent, continuing to lead the market’s gainers since early trade at $28
  • According to a bourse filing, the marketing firm’s capital will be increased from $13.33 million to $107 million

Riyadh, Saudi Arabia— The stock of Tihama Advertising and Public Relations Co. climbed 10 percent on Thursday, after receiving the Capital Market Authority’s clearance to increase its capital by 700 percent.

Its shares jumped 9.81 percent, continuing to lead the market’s gainers since early trade at $28.

According to a bourse filing, the marketing firm’s capital will be increased from $13.33 million to $107 million.

Tihama is issuing rights worth $93.33 million for the capital increase.

The final clearance is subject to the approval of the shareholders and the completion of the necessary procedures.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

Energy deals top list as Bahrain issues $1.6bn tenders in Q1 2021

Majority of tenders issued are part of Bahrain’s $32 billion infrastructure development plans Oil and gas $767m, aviation $382m, construction and engineering $194m, materials and equipment $119m     Bahrain…

[adinserter block="4"]