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The Saudi Stock Exchange (Tadawul) said the addition of the bonus shares and fluctuation limits for Al Kathiri Holdings will be based on the share price of 28.10 Saudi riyals (Dh27.47).
The company’s extra-ordinary general meeting had approved the capital increase via bonus shares, the company said in a posting on Tadawul’s website.
The Securities Depository Centre will deposit the addition shares into the investor’s portfolios by August 28, the statement said.
BANK Aljazira gains new awards during the 4th Islamic Retail Banking Awards Ceremony held in Dubai. The two prestigious awards received were: Critics Choice for Best Islamic Digital Banking and Criti
Emaar, the biggest developer, has signed a memorandum of understanding (MoU) to explore collaboration opportunities with TikTok, the leading global destination for short-form mobile videos.
The Gulf Today
Saudi Aramco announced on Wednesday that it is establishing a fuel retailing subsidiary. The new company, Saudi Aramco Retail Company (RetailCo), will focus on expanding the network of domestic fuel
Saudi-based Acwa Power has won a contract to develop Rabigh 3, the world’s largest independent water desalination plant (IWP) located on the Red Sea coast, further expanding its desalination capacity
Oman-based Bank Sohar, as it was formerly known, recently rebranded to ‘Sohar International’ as part of its new vision to become a world-leading Omani service company.
It unveiled the new