Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

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

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]