Latest news with #FawazAbdulazizAlhokair
Arab News
03-06-2025
- Business
- 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.
Arab News
28-05-2025
- Business
- Arab News
Closing Bell: Saudi main index rises to close at 11,052
RIYADH: Saudi Arabia's Tadawul All Share Index advanced on Wednesday, closing higher by 127.58 points, or 1.17 percent, to reach 11,052.76, reflecting broad market optimism. Trading activity remained robust, with a total turnover of SR4.57 billion ($1.21 billion). Of the listed stocks, 202 posted gains while 44 declined. The Kingdom's parallel market, Nomu, also recorded gains, rising 340.91 points, or 1.28 percent, to close at 26,932.95. The market saw 48 advancing stocks against 34 decliners. Meanwhile, the MSCI Tadawul 30 Index climbed 15.12 points, or 1.08 percent, ending the session at 1,413.70. Fawaz Abdulaziz Alhokair Co. emerged as the session's top performer, with its share price jumping 5.77 percent to SR16.50. Ataa Educational Co. and Kingdom Holding Co. followed closely, gaining 5.46 percent and 5.22 percent to close at SR61.80 and SR8.66, respectively. On the downside, United Carton Industries Co. registered the steepest decline, falling 4.87 percent to SR46.85. Banan Real Estate Co. dropped 2.4 percent to SR4.48, while Nama Chemicals Co. slipped 1.78 percent to SR27.55. On the announcements front, Saudi AZM for Communication and Information Technology Co. disclosed it has submitted a request to transfer its listing to the main market. Additionally, the initial public offering for Flynas Co. began on May 28 and will conclude on June 1. The offering is priced at SR80 per share, with a retail tranche comprising 10.25 million shares. According to a statement, BSF Capital is the lead manager. Alkathiri Holding Co. announced that its subsidiary has signed a 50-year lease agreement valued at SR143 million with the Asir Region Municipality to develop a commercial and hospitality project in the city of Abha. According to a statement published on the Saudi stock exchange, the project will feature a four-star hotel with a capacity of 180 keys, alongside retail and entertainment facilities. The development aims to boost tourism and enhance commercial services in the Asir region. The lease will officially begin upon the land handover by the Investment Committee of the Asir Region Municipality. Shares of Alkathiri Holding closed Wednesday's trading session at SR2.06, marking a 1.96 percent gain. In a separate disclosure, Mufeed Co. announced that its board of directors has recommended to the ordinary general assembly the transfer of its statutory reserve balance — totaling SR3.49 million, as reported in the financial statements for the year ended Dec. 31, 2024 —to retained earnings.
