Saudi Arabia’s Capital Markets Authority plans to increase the proportion of shares offered via initial public offerings allocated to institutional investors to help reduce market volatility. The move comes as Saudi Arabia’s Tadawul stock exchang
Gulf stock markets were narrowly mixed on Monday as oil prices moved very little and bourses were shut for public holidays in the US and much of Europe. Brent oil inched up early on Monday on strong Asian and US demand but then slipped toward $65 a
Saudi Arabia’s benchmark Tadawul All-Share Index ended Sunday's trading in the red at 9,732.52 points, down 35.57 points or 0.36 percent from its previous day close. It plunged to a maximum of 1.08 percent during the day. Large cap suffered worst of
Despite closing lower for two days during the week, the Tadawul All-Share Index (TASI) entrenched at 9,768.09 and finished the week up over 0.38 percent from its previous weekend close at 9,731.54 points. The index touched an intra-week high of 9
With reference to the CMA Board resolution dated 24/07/1436H corresponding to 13/05/2015G approving the Initial Public Offering ("IPO") of (16,500,000) shares representing (30%) of Arabian Contracting Services Company's share capital ("The Company").
Most Gulf stock markets moved little in early trade on Tuesday in the absence of fresh catalysts and against a mixed global background. Brent oil prices have dropped in Asian trade on Tuesday on signs of weakness at the world's top energy consumer
It is with great pleasure that I participate in the 40th anniversary celebrations of Arab News. Over the years the Saudi English daily has mirrored Saudi Arabia's economic achievements to countless readers within the Kingdom and outside. As we open ou
The Saudi stock market ended Sunday’s trading session solidly in the green. The Tadawul All-Share Index (TASI) closed up 83 points or 0.85 percent to 9,814.65, after being up as much as 0.97 percent. Micro cap advancing 1.43 percent outdid rest of the
Saudi Arabian stocks rallied a fourth day as some investors took positions before next month’s market opening and after oil prices stabilized. Abu Dhabi shares declined amid a slump in the value of equities traded. The Tadawul All Share Index added 0.
The fund aims at capital growth in the long term and investors will be able to invest with an initial minimum subscription of SAR 10,000. For the fund investment purposes, all companies will be compliant with AlKhair Capital KSA's Shari'ah standards a