Buzz Update Here’s what you need to know before the opening hour of Tadavul on April 14th TOU

Buzz Update Here’s what you need to know before the opening hour of Tadavul on April 14th

 TOU

Here’s what you need to know before the opening hour of Tadavul on April 14th

Author:
Fall, 2022-04-14 10:35

Riyadh: Saudi Arabia’s major stock market closed lower in the previous trading session after a multi – day rally.

At the close, the TASI was down 0.8 per cent at 13,540 points, while the parallel market was up 0.2 per cent at 24,311.

The Dubai, Qatar, Oman and Kuwait stock exchanges rose between 0.3 and 0.6 percent, while Abu Dhabi and Bahrain closed almost flat.

Elsewhere in the Middle East, Egypt’s EGX30 fell 0.5 percent.

Oil prices fell on Thursday morning.

At 9:26 a.m. Saudi time, Brent crude was down 0.9 percent at $ 107.85 a barrel, while the US West Texas Intermediate was down 1.2 percent at $ 103.01.

Stock news

Advance International Co. The Board for Communication and Information Technologies approved capital growth of 25 percent to SR5.2 million ($ 1.4 million), down 42 percent from annual profits.

Nazran Cement Company has been approved by the Board to distribute SR0.25 half-year dividend per share.

SABIC Agri-Nutrients Co. ‘S shareholders approved the distribution of SR3 per share in cash dividends in the second half of 2021

Watania Insurance Co. The board approved to increase its capital from 100 per cent SR200 million to SR400 million to support growth.

Alinma Bank shareholders approve SR0.4 dividend distribution per share in second half of 2021

STC Solutions has concluded a three-year contract worth SR195 million with Saudi telecom giant Saudi Telecom Co. to implement the Oracle software license renewal project.

Theb rent a car co. Its board announced the resignation of Vice Chairman Hassan Sameer Al-Shuwaikh and the appointment of Riyadh Saleh Almalik.

Al Moammer Information Systems Co. SR500 million worth of Sharia-compliant loan renewed with Al Rajhi Bank

Saudi Automotive Services Co. The gas station operator received a Shariah-compliant loan of SR375 million to purchase NAFT Co. and to protect against profit and loss.

Jazan Energy and Development Co. Sultan Abdul Aziz Al Mubarak has been appointed chairman of the board and Feroz Khalid al-Bawardi vice-chairman of the board.

AlSagr Cooperative Insurance Co. has announced that board member Fahad bin Abdulrahman al-Turkey has resigned, citing “intentional disruption and damage to company interests.”

Calendar

May 11, 2022

Arabian Food & Dairy Factories Co. Start of IPO book-building

May 15, 2022

Arabian Food & Dairy Factories Co. End of IPO book-building

Main Category:

Saudi economy to grow 7.7% in 2022: Jadwa Investment Saudi IPO spree on TASI up 250% with $ 3.4bn revenue in first quarter

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