SNB Capital's Single Stock Options debut marks a leap forward, enhancing liquidity and expanding investor choices.
TASI-listed firms report an aggregate net profit of $48.1bn in Q3
RIYADH, SAUDI ARABIA - Tadawul-listed companies reported a US$48.1 billion (SAR 157.09 billion) aggregate net profit for the third quarter of 2023, a decline of 19 percent from US$52.2 billion (SAR 194.75 billion) in the year-ago period. This was also due to the decline of Aramco’s Q3 profit by more...
Aramco Q2 profits drop 38%
The oil company's profits fell sharply to US$30.08 billion.
Eshraq to buyback shares
The share buyback is expected to enhance shareholder value.
Credit Suisse buyout: Saudi National Bank fears no impact
The Saudi bank said its statement came "in light of the recent market announcement with regards to Credit Suisse", without directly mentioning the UBS buyout. Saudi National Bank spent 5.5 billion riyals ($1.5 billion) on a 9.88 percent share in Credit Suisse in November.
Gulf indices ease as China COVID curbs hit oil prices
Stock markets across the GCC remained less enthusiastic as oil, which fuels the region's growth, declined amidst fresh coronavirus scare.Aramco posts record profit of $48.4bn in Q2
Net income leapt 90% for the world's biggest oil producer, which clocked its second straight quarterly record after announcing $39.5bn for Q1.
ACWA Power to enter Saudi Arabia’s main market from Oct. 18
Riyad-based ACWA Power will enter Saudi Arabia’s main market from the start of trading on Oct.18 and also join the Utilities Industry Group Index, Tadawul announced on Tuesday. ACWA, in which the kingdom's largest sovereign wealth fund, the Public Investment Fund, owns nearly half the stake, saw its shares jump...Outdoor ad firm Al Arabiya announces IPO
The company expects to sell 30 percent of its shares in the offering.Saudi bourse joins new emerging-markets index
The Saudi Stock Exchange will be added to its widely followed Emerging Markets Government Bond Index (EMGBI), the global index provider FTSE Russell has announced.
Bahrain’s Batelco mulls Saudi listing
In case of Saudi listing, Batelco will become the first company to have a dual listing of shares on the Saudi Stock Exchange (Tadawul) and the Bahrain Bourse According to a Bloomberg report quoting sources, Batelco has hired the investment arm of Samba Financial Group as an adviser for the...
Saudi stocks lead GCC region in losses
Tadawul All Share Index (TASI) loses 62.37 points and drops as much as 0.57% Trading valued amounted to around US$3.08 billion after exchanging 342.02 million shares Barring Qatar Stock market in the region which closed higher, Saudi Arabia’s Tadawul All Share Index (TASI) led losses in the GCC dropping as...
