Latest Stock Market News

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Saudi Chemical FY18 profit falls 19%; board proposes 33.33% capital hike

2019-03-28 07:24:36 GMT (Economies.com)
Saudi Chemical Co. posted a 19.2% decline in net profit for the fiscal year 2018, to SAR 114.8 million, compared to SAR 142.1 million a year earlier, according to a filing to Tadawul on ...

UAE banking sector projected to grow 6.5% in 2019

2019-03-28 02:44:04 GMT (Economies.com)
The UAE’s banking sector is likely to achieve 6.5% growth in the year 2019, according to Abdulaziz Alghurair, Chairman of UAE Banks Federation. He also said the bank enjoys strong liquidity and ...

Saudi Aramco acquires 70% stake in SABIC from Public Investment Fund

2019-03-27 15:49:04 GMT (Economies.com)
Saudi Aramco on Wednesday announced the signing of a share purchase agreement to acquire a 70% majority stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi ...

Advanced Petrochemical to distribute SAR0.70/share dividend April 8

2019-03-27 07:12:51 GMT (Economies.com)
Advanced Petrochemical Company announced that dividend distribution will be effected for the first quarter of the fiscal year 2019 at SAR 0.7 per share, or 7% of stock par value, totaling SAR 137.8 ...

Alinma Bank shareholders OK SAR1.5 billion dividend for 2018

2019-03-27 07:03:25 GMT (Economies.com)
  Shareholders of Alinma Bank on Tuesday approved the distribution of cash dividends for the fiscal year 2018 at SAR 1.490 billion, divided on 1.490 billion shares, after deducting 10.03 ...

Saudi Ceramics FY18 losses widen 127%

2019-03-27 06:52:29 GMT (Economies.com)
Saudi Ceramic Co. on Wednesday posted a 127.3% surge in net loss for the fiscal year 2018, according to the company’s filing to Tadawul.   The company’s FY18 net loss amounted to ...

Wafrah FY18 losses shrink 47% on strong sales

2019-03-27 06:46:36 GMT (Economies.com)
Wafrah for Industry and Development Co. on Wednesday released its financial results for the fiscal year 2018, showing an decrease in losses by 47.1% to SAR 26.5 million, compared to a net loss of SAR ...

Mastercard to invest AED1.1 billion in shares of Emirates NBD’s arm

2019-03-27 01:53:39 GMT (Economies.com)
Global payments giant Mastercard said it will invest $300 million (AED 1.1 billion) in the planned London IPO of payments processor Network International, a subsidiary of Emirates ...

du shareholders approve AED0.22/share dividend for H2

2019-03-27 01:40:33 GMT (Economies.com)
Shareholders of Emirates Integrated Telecommunications Company (du) gave a nod yesterday to the proposed dividend payout at AED 0.22 per share for the second half of 2018, thus brining the full-year ...

Dana Gas shareholders to discuss dividend plan, capital hike, buyback April 10

2019-03-26 07:52:16 GMT (Economies.com)
UAE’s energy company Dana Gas invited shareholders to convene a general assembly meeting on April 10, to discuss the distribution of cash dividends for the fiscal year 2018 at SAR 384 million, ...

Uber acquires Careem in $3.1 billion deal; STC, Al-Tayyar profitable

2019-03-26 07:31:33 GMT (Economies.com)
Saudi Telecom Company (STC) announced that Dubai-based ride-hailing Careem, in which it owns a direct stake of around 8.8%, has reached an agreement with Uber, under which Uber will acquire Careem ...

Samba gets shareholders’ nod on SAR2.3 billion dividends for H2

2019-03-26 07:18:39 GMT (Economies.com)
Samba Financial Group said its shareholders, in an ordinary general assembly meeting held yesterday, approved the proposed distribution of cash dividends for the second half of 2018 at SAR 2.324 ...

Mashreq Bank secures AED150 million financing for Omniyat

2019-03-26 00:20:58 GMT (Economies.com)
Property developer Omniyat announced that it recently secured a financing of AED 150 million from DFM-listed Mashreq Bank.   The company said it will utilize the financing in the fit-out of ...

RAK Bank hires 6 banks for USD bond issuance

2019-03-26 00:16:17 GMT (Economies.com)
National Bank of Ras Al Khaimah (RAK Bank) announced today that it mandated Bank ABC, Citi, Emirates NBD Capital, First Abu Dhabi Bank, ICBC and Standard Chartered Bank as joint lead managers and ...
  Symbol Last Change Chg.%
1.1034
0.0001
0.0122%
1.2575
-0.0062
0.4867%
17.575
0.045
0.256%
54.219
-0.593
1.082%
60.02
-0.49
0.81%
1490.195
3.010
0.202%
 
 
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