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Thursday, January 27, 2022
Tadawul trading screen As many as 118 Tadawul-listed companies are trading above three-month average, according to data compiled by Argaam. Halwani Bros Co. topped the list of companies trading above 3-month average at 785%, followed by Al-Babtain Power and Telecommunication Co. at 635%. Companies Trading above 3-Month Average (Shares/Units) Company/Fund Trading average  (3-month) Today’s trading…
Logo of Saudi Exchange (Tadawul) The Capital Market Authority’s (CMA) board of directors approved, on Jan. 3, the amended rules of trading and membership; the Securities Clearing Center (Muqassa); the Securities Depository Centre (Edaa); and short selling regulations, the Saudi Exchange (Tadawul), Muqassa, and Edaa said in a bourse statement. The market regulator also gave…
Logo of Red Sea International Co. Red Sea International Co. (RSI) signed today, Jan. 18, a SAR 60.5 million contract to design, manufacture, supply and install modular buildings to support The Red Sea Development Co.’s (TRSDC) construction activities on Sheybarah and Ummahat Al Shaikh islands. The contract duration is 194 days, the company said in…
Logo of Alkhaleej Training and Education Co. Alkhaleej Training and Education Co. signed today, Jan. 18, a contract awarded by Zakat, Tax and Customs Authority (ZATCA) to implement and operate the authority’s call center at a total amount of SAR 42.26 million. The contract has a term of 12 months from the date of starting…
18/01/2022 Argaam Exclusive United Wire Factories Co. (Aslak) reported an estimated net profit after Zakat and tax of SAR 46.2 million for 2021, a drop of 26% from SAR 62.2 million a year earlier. The lower profit was attributed to a decrease in gross profit margins despite higher sales volumes and the reversal of expenses…
Prince Abdulaziz bin Salman, Saudi Minister of Energy OPEC+ made significant efforts for market stability, said Prince Abdulaziz bin Salman, Saudi Minister of Energy at the Abu Dhabi Sustainability Week Conference.   "There is nothing more profound, more important for energy security than having to have a stable market," the minister said.   He added…
Amiantit building Saudi Arabian Amiantit Co.'s board of directors approved today, Nov. 8, to authorize the executive management to study ways to restructure capital, including reduction and subsequent increase in accordance with its current financial position. This includes the appointment of financial and legal consultants as well as presenting to the board a future financial…
08/11/2021 Argaam Exclusive Saudi Paper Manufacturing Co.’s (SPM) net profit after Zakat and tax increased by more than three-fold to SAR 29.4 million for the first nine months of 2021, compared to SAR 8.9 million in year-earlier period. This profit surge was driven by higher sales, lower financing expenses and decreased Zakat provisions. Q3 2021…
Tadawul trading screen As many as 63 Tadawul-listed companies are trading above three-month average, according to data compiled by Argaam. Saudi Arabian Amiantit Co. topped the list of companies trading above three-month average at 1094%, followed by Dallah Healthcare Co. at 609%. Companies Trading above 3-Month Average (Shares/Units) Company/Fund Trading average  (3-month) Today’s trading Variation…
Logo of Saudi Ground Services  Co. Saudi Ground Services (SGS) is expected to reach the break-even point if flight rates range between 80% and 85%, Mohammed Mazi, Executive Vice President of Finance, told CNBC Arabia.   It is difficult to determine when SGS will turn profitable, as operational growth will depend in the coming period on the…