RIYADH: Saudi Arabia’s main market index rose by 0.42 percent on Monday morning to 11,501.19 points.
Following is a wrap of the stock market’s movements as of 11:30 a.m. Riyadh time:
- Saudi Aramco said it will announce its main financial results and dividends for the Q3 of 2021, before the opening on Sunday, Oct. 31.
- Batik obtained short-term credit facilities from “Al-Jazeera” amounting to SR101 million.
- Maadaniyah also established a valve factory at a cost of SR71 million.
- SAMA agreed to Wataniya to renew the license to practice insurance activity.
- Alakaria received a suburban housing project from the general contractor, and the housing units are being handed over to the beneficiaries
- Alhasoob Trading announced the prospectus for offering its shares in the parallel market, Nomu.
- Dar Alarkan offered its shares for subscription in preparation for submitting its offering file in Nomu.
- Aljazira Capital issued its forecasts for the Q3 2021 profits for a number of Saudi banks and listed companies that fall under its coverage, led by Al-Rajhi Bank, SABIC and STC.
- The general assembly of Taprco agreed to elect a Board of Directors for the next session, and refuses to discharge the members of the Board of Directors from liability for the fiscal year ending in March 2021.
- Salama Insurance received a letter from the Saudi Central Bank ordering it to appoint an independent consultant to assess its corporate governance.
- Today marks the disbursement of cash dividends to shareholders of Sasco at a rate of 3 percent per share for the first half of the fiscal year 2021
- SSP expects a positive result of SR18.9 million in Q3 as a result of selling the operating assets of one of its subsidiaries.
- Amiantit signed an agreement to reschedule banking facilities with “Al-Ahly Saudi,” amounting to SR330 million.