RIYADH: The new coronavirus variant, Omicron, will be one of the driving forces for the Saudi stock market in the near-term, as fears over its economic impact continue to burden investor sentiment.
Saudi Economic and Development Securities Co. announced the approval of raising its Capital REIT fund’s assets value by SR701 million ($186.87 million) and the approval of the addendum of the fund’s terms and conditions.
Arabian Pipes Co. submitted an application for approval to cut capital and increase the company’s capital by offering a rights issue to the Capital Market Authority.
With reference to Allied Cooperative Insurance Group’s previous development recommendation, the company received the Saudi Central Bank’s approval to expand its capital from SR141 million to SR291 million through a rights issue for an additional six months.
Exploring the possibility of manufacturing Clexane prefilled syringes from the Kingdom, the global pharmaceutical giant Sanofi and Saudi Chemical Company Holding signed a memorandum of understanding.
AlJazira Capital Market declared the final dividend distribution of its REIT funds to shareholders – standing at 3.38 percent for 12 months.
Arabian Shield Cooperative Insurance Co. announced that e-voting on the Extraordinary General Assembly Meeting agenda items, including a rise in share capital, will commence today, Dec.21, at 10:00 a.m Saudi time.