Saudi Arabia (SABIC)’s shares slumped the most in almost eight months on investor concern that oil prices may retreat amid signs the global economic recovery is slowing and after first-quarter company earnings missed estimates.
Saudi Kayan Petrochemical Co. (KAYAN), the company 35 percent-owned by Saudi Basic Industries Corp., lost 6.5 percent after its first-quarter loss widened. Saudi Arabian Fertilizer Co. (SAFCO), the company known as Safco also part-owned by Saudi Basic, tumbled to the lowest since February after profit missed analysts’ expectations. Saudi Arabia’s Tadawul All Share Index (SASEIDX) fell 2.3 percent, the most since Aug. 20, to 7,348.33, at the 3:30 p.m. close in Riyadh.
Samba posts SR1.28bn net profit for 3rd Q 2014
Samba Financial Group, Saudi Arabia's second-largest listed bank, posted a net profit of SR 1.28 billion in the third quarter 2014 compared to a net profit of SR 1.17 billion in the same period last
Doha Bank net profit reaches QR 1.1 billion
Doha Bank disclosed the interim financial statements for the period ending September 30, 2014. The interim financial statements revealed a net profit of QR 1.1 billion for the nine months period end