Al Ashghal Al Moysra bags SAR 33M project with National Guard Ministry
Al Ashghal Al Moysra Co. said it was awarded on March 9 a project by the Ministry of National Guard, valued at SAR 32.7 million.
The scope of work covered maintenance, cleaning, and operation of public buildings and residential units at King Khalid Residential City in Taif, according to a statement to Tadawul.
The company is in the process of completing the necessary signatures and procedures, and it expects to sign the contract on April 10, 2025.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Leaders
4 hours ago
- Leaders
Saudi Arabia Disburses Additional June Citizen Account Payments
Saudi Arabia's Citizen Account Program began disbursing June payments on Tuesday, including recently approved additional support for eligible beneficiaries. The program said in a statement that the deposit process started in the early hours of Tuesday and would continue throughout the day. The additional support applies to beneficiaries who have completed the required application process, according to the announcement. Recipients can review a breakdown of their payments by logging into the Citizen Account app, accessing their profile, and selecting the 'Account Statistics' tab. The section provides details on the latest payment status, total disbursed amounts, outstanding payments, returned transfers, payment history, registered dependents, and listed address. Related articles: Check Your Eligibility: Saudi Citizen's Account Program Deposits SAR 3.4 bln for Families Depositing SR 1.8 Billion in The Citizen's Account Program Citizen's Account Reveals February 2021 Allocations Short link : Post Views: 172 Related Stories
Arab News
6 days ago
- Arab News
Closing Bell: Saudi main index closes in green before Eid holidays
RIYADH: Saudi Arabia's Tadawul All Share Index climbed on Wednesday, gaining 172.1 points, or 1.59 percent, to close at 11,004.53. The total trading turnover on the benchmark index was SR4.61 billion ($1.23 billion), with 191 listed stocks advancing and 50 declining. The Kingdom's parallel market Nomu surged by 257.9 points to close at 27,307.74. Meanwhile, the MSCI Tadawul Index edged up by 1.67 percent to 1,406.49. The best-performing stock on the main market was Saudi Industrial Investment Group, with its share price surging 7.03 percent to SR17.36. The share price of ACWA Power Co. also rose by 6.72 percent to SR269.80. Al-Babtain Power and Telecommunication Co. saw its stock price increase by 5.40 percent to SR5.40. Conversely, the share price of Saudi Steel Pipe Co. fell by 6.33 percent to SR56.20. Saudi Research and Media Group also saw a dip, with its share price easing 2.26 percent to SR127. On the announcements front, Saudi National Bank completed its offer of Saudi riyal-denominated Additional Tier 1 sukuk, with the settlement finalized on June 3. According to a statement on the Saudi Exchange dated May 11, the issuance was conducted through a private offer to eligible investors in the Kingdom. The total value of the sukuk offering amounted to SR1.73 billion. The bank issued 1,730 sukuk, each with a par value of SR1 million. The sukuk will offer an annual return of 6 percent from the issue date until June 3, 2030. The share price of Saudi National Bank increased by 0.88 percent to close at SR34.45. The announcement coincided with the implementation of the unified regulation for cross-border registration of investment funds among Gulf Cooperation Council countries, which came into effect in 2025, according to the Capital Market Authority. The regulation outlines requirements for registering and marketing investment funds across GCC countries and introduces a dedicated regulatory guide. It aims to clarify procedures for handling both local and Gulf-based funds, enhance financial market services, and reduce regulatory challenges. Additionally, the framework seeks to support mechanisms that attract international investments to the Saudi financial market and boost foreign ownership in investment funds. The broader goal is to improve liquidity in regional financial markets, enhance the competitiveness of GCC economies, and foster integration by unifying the policies and systems governing domestic, regional, and foreign investment activities. The regulation also aims to ensure a transparent and stable investment environment. Under the framework, the legislative committee in each host country will have the authority to set standards for approving fund registrations and supervising funds within its jurisdiction, including overseeing the appointed agent and their interactions with investors. Cross-border registration must be conducted through the capital market authorities of both the fund's country of origin and the host country. The regulation allows investment funds established in any GCC member state to be promoted in other countries applying the framework. It also outlines the process for offering Saudi funds in Gulf markets, with a focus on aligning with regulatory review mechanisms and cross-border registration requirements to ensure full compliance with approved guidelines.
Arab News
03-06-2025
- Arab News
Closing Bell: Saudi main index closes in red at 10,832
RIYADH: Saudi Arabia's Tadawul All Share Index slipped on Tuesday, as it shed 17.66 points, or 0.16 percent, to close at 10,832.43. The total trading turnover of the benchmark index was SR3.55 billion ($946 million), with 123 of the listed stocks advancing and 106 declining. The Kingdom's parallel market Nomu gained 65.84 points to close at 27,049.84. The MSCI Tadawul Index edged down by 0.08 percent to 1,383.41. The best-performing stock on the main market was Fawaz Abdulaziz Alhokair Co., with its share price surging by 6.71 percent to SR17.50. The share price of Naseej International Trading Co. also rose by 6.14 percent to SR83. Saudi Research and Media Group also saw its stock price rising by 5.92 percent to SR150.40. Conversely, the share price of United Carton Industries Co., dropped by 3.98 percent to SR41. On the announcements front, Meyar Co. said that it received a contract worth SR1.67 million from the Municipality of Unaizah. In a Tadawul statement, the company revealed that the agreement includes the supply of curbs stones and interlock tiles to the municipality. It added that there are no related parties involved in the deal. The share price of Meyar Co. edged up by 0.93 percent to SR54. Dar Almarkabah for Renting Cars Co. said that it signed a chauffeur-driven car rental contract valued at SR6.98 million with Wareed Health Medical Co. In a Tadawul statement, the company revealed that the contract period is valid for 24 months, adding that the impact of the deal will be visible in the firm's financials during the second quarter of this year. The share price of Dar Almarkabah for Renting Cars Co. was unchanged at SR2.47.
