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Al Tayyar inks deal to sell stake in Thakher for SAR 377.4m

2018-10-08 13:39:59 GMT (
Al Tayyar Travel Group announced today it concluded an agreement to sell its 30% equity in Thakher Investment and Real Estate Development, for SAR 377.374 million.   The stake was sold to ...

Al-Babtain sells 40% stake in subsidiary to Portugal’s Metalogalva

2018-10-08 13:25:07 GMT (
Al-Babtain Power & Telecommunication Co. announced, in a filing to Tadawul today that it signed a partnership agreement with Portugal-based Metalogalva, under with the latter shall acquire a ...

Mobily says telecom regulator’s suspension still valid

2018-10-08 12:59:02 GMT (
Etihad Etisalat (Mobily) announced, in a bourse filing today, that the suspension decision issued earlier today by the telecom regulator for some of the company’s services is still valid. ...

Riyad Bank announces redemption of SAR 4bln Sukuk

2018-10-08 12:53:30 GMT (
  Riyad Bank announced it plans to fully redeem its SAR 4 billion worth of Sukuk that will come due in 2020, under Tadawul Code: 1011 -Riyad Bank Sukuk. The Sukuk shall be called at their ...

Al Ramz Corporation divests 17.8% stake in Takaful Emarat

2018-10-08 06:19:28 GMT (
Al Ramz Corporation Investment & Development announced its divestiture from a 17.76% shareholding in Takaful Emarat, as it successfully achieved the target investment return. Last July, Al ...

Najran Cement EGM to consider waiving right for SAR 400m Sukuk

2018-10-08 06:09:04 GMT (
The board of Najran Cement Company invited holders of the company’s Sukuk worth SAR 400 million to convene for an extraordinary general meeting (EGM), scheduled for November 4th. According ...

Al Abdullatif signs SAR 46.6m contract with MOIA

2018-10-08 05:58:22 GMT (
Al Abdullatif Industrial Investment announced signing a contract worth SAR 46.567 million with the Ministry of Islamic Affairs, Dawah and Guidance, for the manufacturing and supply of carpets for ...

eXtra Q3 profit rises 18.4% on stronger sales

2018-10-08 05:49:05 GMT (
United Electronics Co. (eXtra) posted its financial results today, showing that profits rose by 18.39% year-on-year during the third quarter ended on 31 September, 2018. Q3 profit netted SAR 30.9 ...

Banks on top by Tadawul share buy-back holdings, dominate 88.6%

2018-10-08 04:10:12 GMT (
The banks sector in Saudi Stock Exchange (Tadawul) dominated 88.6% of listed companies in terms of share buy-back ownership by the end of the third quarter, according to official data issued by the ...

KSA’s telecom regulator halts some of Mobily services

2018-10-08 03:32:15 GMT (
  The board of the Communications and Information Technology Commission (CITC) issued a decision to suspend some of the services of Etihad Etisalat (Mobily) due to failing to fulfil some ...

Aramco, SABIC deal to help KSA overcome oil volatility, says Al-Falih

2018-10-08 03:15:27 GMT (
Saudi Energy Minister Khalid Al-Falih said the completion of the deal to sell the stake owned by the Kingdom’s sovereign fund in petrochemical producer SABIC to oil giant Aramco would add a ...

DFM hits biggest one-day loss in five months

2016-01-17 11:36:04 GMT (
 Dubai Financial Market (DFM) closed Sunday with the biggest one-day losses in five months, amid the decline of all sectors after the fall of oil prices. The main gauge closed at 2,648.92 ...

Sotheby’s fourth-quarter earnings drop 18.5% on higher expenses

2015-03-02 22:59:14 GMT (
Sotheby’s said its fourth quarter profit dropped 18.5 percent on higher expenses, pushing its shares in Wall Street by 6.5 percent in early trading on Monday.   Net income in the last ...

U.S. stocks climb, Nasdaq tops 5,000 points

2015-03-02 22:20:16 GMT (
U.S. stocks closed at record high at the first trading session in March, following stellar gains in February, on expectations the Fed will raise interest rates later in the year.   Data ...
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