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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

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.

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