Saudi Arabia’s Tadawul All Share index barely changed on Thursday morning as it went up by 15.55 points to open at 11,919 points.
Here’s a wrap of the market’s latest news:
Arriyadh Development’s net income more than doubled as it recorded a SR325.2 million ($86.7 million) profit in the first nine months of 2021.
A bad day for dairy companies
NADEC made losses of SR7.8 million ($2.1 million) in the first nine months of 2021, following a profit of SR104.9 ($28 million) in the same period last year.
SADAFCO’s profits slump by 35 percent in the six month period ending on September 30 2021. Its net profit was valued at SR91.7 million ($24.5 million) for the period.
Meanwhile, a 2.5 percent interim cash dividend for the first half of 2021 was approved by Banan Real Estate, a bourse statement by the company said. The total value of dividends is SR5 million ($1.3 million) and the payment date is to be determined
Arabian Contracting Services has set SR100 as the final offering price for its IPO. Notably, its IPO was 126.6 percent oversubscribed.
Moreover, Nayifat Finance also set a price range for its offering, to be between SR29 and SR34.