36 C
Riyadh
Tuesday, July 27, 2021
Logo of Aldrees Petroleum and Transport Services Co. Shares of Aldrees Petroleum and Transport Services Co. reached its highest level in more than 15 years of SAR 69.50, during today’s (June 10, 2021) session on the Saudi Exchange (Tadawul). The stock closed the session rising by more than 6% to SAR 68. Accordingly, the stock…
Logo of SPIMACO Shares of Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) hit their highest price in 15 years (since 2006), at SAR 55.60, today, June 10, 2021. The stock traded today at its maximum increase, with 2 million shares traded so far. Accordingly, the stock soared more than 98% since June 2020. The company…
Shares of 15 companies, including Saudi Fisheries Co. and Baazeem Trading Co., hit their highest level in 52 weeks today, June 9, 2021, data compiled by Argaam showed.  Stock Price* Company Price (SAR) Performance in 52 weeks SAIC 57.00 + 354 % Baazeem** 140.00 + 194 % Saudi Fisheries 65.60 + 193 % Astra 51.70 + 176 %…
Logo of Saudi Aramco Oil giant Saudi Aramco launched its first US dollar-denominated sukuk today, June 9, 2021, which will be issued in three tranches, according to a term sheet seen by Reuters. The deal will consist of three, five and 10-year tranches, the report said. Potential investors have been given pricing guidance for the…
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Logo of Maharah Human Resources Co. Maharah Human Resources Co. launched its investor relations (IR) application on IOS and Android smartphones in cooperation with Saudi-based Argaam Co. The new application enables investors to review all information, financial data and the latest updates about the company's projects. “The move comes as part of Maharah’s efforts to enhance…
Qiddiya Investment Co. announced the completion of land enabling and mass grading works in the Qiddiya megaproject, according to an announcement on its official Twitter account. Qiddiya is Saudi Arabia’s future capital of entertainment, sports and arts, officially listed in May 2018 as an independent company under the name “Qiddiya Investment Co.”, wholly owned by…
Oil rigs Crude prices declined on Tuesday amid profit-taking, following the sharp rise in prices over the past two weeks. Investors are also tracking developments related to global oil demand recovery. The international benchmark Brent crude was trading down 0.7% at $70.99 per barrel, at 9.00 am Makkah time. WTI crude fell 0.6% to $68.79…
Here are a few things you need to know as Saudi stocks start trading on Tuesday. 1) Saudi Arabian Oil Co. (Saudi Aramco) commenced the issuance of Shariah-compliant international trust certificates under its “Trust Certificate Issuance Program”. 2) The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) obtained the Saudi Central Bank’s (SAMA) approval for…
Tadawul trading screen  The Shura Council’s financial committee urged the Capital Market Authority (CMA) and the Saudi Exchange (Tadawul) to reconsider the listing and offering requirements, to be more attractive for small and micro-sized enterprises, the state-owned SPA reported. This came during a session to discuss the financial committee’s report about the CMA’s annual report.…