RIYADH: Saudi Arabia’s most important inventory index hit its lowest shut since final December on Sunday, mirroring a drop in oil costs.
TASI, as the principle index is thought, misplaced 4.44 p.c to 11,299, and the parallel market, Nomu, declined 3.55 p.c to twenty,740 on the closing bell.
Elsewhere within the Center East, inventory exchanges of Qatar, Egypt, Bahrain, and Kuwait shed between 1 p.c and three.5 p.c, whereas the Omani bourse ended flat.
In vitality buying and selling, oil costs prolonged losses after recording their first weekly decline in over a month.
Brent crude oil fell to $113.8 a barrel whereas US West Texas Intermediate reached $110.15 a barrel at 9:09 a.m. Saudi time on Monday.
Alkhorayef Water and Energy Applied sciences Co. was awarded a SR228 million ($60 million) contract with the Nationwide Water Co.
Alamar Meals set its preliminary public providing value vary at SR103-115 per share and can run the book-building interval from June 20 to June 27
Aramco-Whole JV’s unit Arabian Aramco Whole Companies Co. redeemed SR208 million of its Sukuk, bringing the excellent principal to SR1.67 billion
Arabian Contracting Companies Co. secured a take care of Elevision Media to change into the unique agent for Dubai Worldwide Monetary Centre’s ads
AC distributor Al Hassan Ghazi Ibrahim Shaker Co. entered an preliminary settlement to purchase a 40 p.c stake in fintech platform Cashew Funds Holding Ltd.
Saudi Airways Catering Co. reported that its amassed losses have decreased to 19.3 p.c of its capital
Saudi Electrical energy Co. named Khalid Hamad Algnoon as CEO efficient June 20
Saudi Aramco awarded two contracts valued at $673 million in whole to Abu Dhabi-based Nationwide Petroleum Development Co.
Aljouf Mineral Water Bottling Co. stated its board accredited doubling capital to SR47 million by granting bonus shares to shareholders
Amana Cooperative Insurance coverage Co.’s rights concern was 72 p.c subscribed, producing SR215 million in proceeds
Al Sagr Cooperative Insurance coverage Co. obtained approval from the Saudi central financial institution to resume its license for offering insurance coverage companies within the Kingdom
Saudi Azm for Communication and Info Expertise Co.’s board proposed a share buyback of as much as 100,000 shares price SR20 million
Somou Actual Property Co. secured a three-year Shariah-compliant mortgage price SR50 million from Riyad Financial institution
June 20, 2022
Begin of Alamar Meals’ IPO book-building
June 21, 2022
Rabigh Refining and Petrochemical Co.’s rights buying and selling ends
June 26, 2022
Rabigh Refining and Petrochemical Co.’s subscription to new shares ends
June 27, 2022
Finish of Alamar Meals’ IPO book-building