Saudi Authority for Intellectual Property launches service for collective marks

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Updated 19 November 2020

Saudi Authority for Intellectual Property launches service for collective marks

RIYADH: The Saudi Authority for Intellectual Property (SAIP) on Wednesday launched a service for the registration of collective marks in line with international practices.
A collective mark is a trademark owned by an organization, used by its members to identify themselves with a level of quality or accuracy, geographical origin, or other characteristics set by the organization.
Those interested in using this service have been instructed to visit SAIP website for registration.
SAIP recently organized an online inspection campaign of websites and platforms that were suspected of violating intellectual property laws, including sites based outside the Kingdom, to monitor and analyze for possible breaches.
The sites listed included streaming service websites, encrypted sports channels, websites that offer to download books in PDF form, and unlicensed websites that offer downloading and music streaming services that violate user rights.
SAIP can be reached through its direct customer service number (920021421), via its email address [email protected], or through its official social media accounts, using the handle
@SAIPKSA.


Tadawul index records highest close since July 2019 on Sunday

Updated 30 November 2020

Tadawul index records highest close since July 2019 on Sunday

  • Total trading reached $3.17 billion

Saudi Arabia’s benchmark Tadawul All Share Index (TASI) rose 0.2 percent, or 15 points, to end at 8,709 points on Sunday, the highest closing since July 2019.

Total trading reached SAR 11.9 billion ($3.17 billion), with the advance-decline ratio at 146:44.

SPIMACO rose 5.5 percent to SAR 43.05. The company signed a non-binding memorandum of understanding with German biopharmaceutical firm, CureVac, to provide COVID-19 vaccine in the Kingdom.

Electrical Industries closed 5.6 percent higher at SAR 24.26, as the firm completed the final phase of share buyback for SAR 7.2 million.

Naseej went limit up to close at SAR 33.

Oil giant Saudi Aramco fell 0.4 percent to SAR 35.75, while banking major Al Rajhi slipped 0.3 percent to SAR 74.

Blue chip SABIC edged down 0.3 percent to SAR 96.50.

Alandulas was the top decliner, shedding nearly 2 percent to SAR 21.08.

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