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Wednesday, August 10, 2022
Tadawul trading screen Qualified foreign investors (QFIs) were net sellers of SAR 29.4 million worth of stocks on the Saudi Exchange (Tadawul) in the week ended June 23, according to recent data issued by the Saudi bourse. Foreign investors bought SAR 2.4 million worth of shares through swap agreements. Saudi retail investors were net purchasers
Logo of Future Care Trading Co. Future Care Trading Co. issued today, June 26, the registration document for the direct listing of its shares on Nomu-Parallel Market, said Marifa Capital, financial advisor on the company’s potential initial public offering (IPO). On June 7, the Capital Market Authority (CMA) approved Future Care’s application to register its shares for
Logo of Alessa Industries Co. Alessa Industries Co., which is 38%-owned by Sinad Holding Co., plans to offer 30% of its capital to the public on the Saudi Exchange (Tadawul), revealed Abdulmohsen Alessa, Executive Vice President for Operations.    The company targets local sales of over SAR 1 billion, he told Asharq Business, on the sidelines
Logo of Arabian Internet and Communications Services Co. Arabian Internet and Communications Services Co. (solutions) signed today, June 27, a Sharia-compliant credit facility agreement worth SAR 1 billion with Saudi National Bank (SNB), according to a statement to Tadawul. The deal includes the renewal of a multi-purpose, short-term credit facility agreement of SAR 500 million
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Logo of Rabigh Refining and Petrochemical Co. (Petro Rabigh) Rabigh Refining and Petrochemical Co. (Petro Rabigh) announced today, June 27, the results of its rights issue trading and new shares subscription, as well as details of the rump offering, as follows: Offering Details Number of Offered Shares 795 mln Number of Subscribed Shares 772.36 mln
Tadawul trading screen As many as 59 Tadawul-listed companies and five REITs are trading above three-month average, according to data compiled by Argaam. Saudi Arabia Refineries Co. (SARCO) topped the list, trading above three-month average at 703%, followed by Saudi Fisheries Co. (Alasmak) at 659% Companies/REITs Trading Above 3-Month Average (Shares/Units) Company/REIT Trading Averag (3-Month)
A Mouwasat hospital Mouwasat Medical Services Co.'s board of directors approved today, June 27, establishing a new hospital in Qadisiyyah neighborhood, Riyadh. The new project's total investment cost stands at SAR 335 million, Mouwasat said in a statement to Tadawul.   The company will finance 75% of the project through local bank debts, while the remainder will be provided via internal funding.  More details will be announced
Shura Council head building The Shura Council approved, in a meeting today, June 27, the energy supply draft law, which aims to regulate the allocation of all types of energy to consumers.   This includes energy types in the fields of electricity, crude oil refining, petrochemical production, water desalination, industry, mining, agriculture and construction, communications
Headquarters of Oversight and Anti-Corruption Authority (Nazaha) The Oversight and Anti-Corruption Authority (Nazaha) launched investigations last month (Dhul Qa’dah) against 171 accused individuals in administrative and criminal cases, after conducting 4,672 oversights visits. Nazaha arrested 48 citizens and residents, including employees at the Ministries of Health, Education, Municipal, Rural Affairs and Housing, and Zakat, Tax