Saudia records 52% jump in international flyers as Kingdom aims to become global transit hub

RIYADH: Saudi Arabia’s Tadawul All Share Index remained secure on Sunday, with a slight improve of 4.36 factors, or 0.04 %, to shut at 11,760.3.  

The entire worth traded in the course of the day was SR4.26 billion ($1.14 billion) as 59 shares superior, whereas 159 retreated.  

Elm Co., Dallah Well being Co., and Jamjoom Pharma Co. had been the highest performers of the day, with their share costs rising 4.34 %, 4.11 % and three.71 %, respectively.  

The worst performer on Sunday was Saudi Printing and Packaging Co. with its share worth falling 7.28 %.  

Alkhaleej Coaching and Schooling Co. and Takween Superior Industries Co. adopted, dropping 6.08 % and 5.27 %, respectively.  

The Kingdom’s parallel market, Nomu, surged 727.97 factors, or 3.13 %, to shut at 24,005.37 with 21 gainers and 25 losers.  

Alternatively, MSCI Tadawul Index rose by 3.23 factors, or 0.21 %, to shut at 1,551.33. 

On the bulletins entrance, Ataa Academic Co. reported that its subsidiary agreed to buy all of the shares of Glory Technology Worldwide Faculty Co.  

The bourse assertion famous that the subsidiary, the Arab Group for Schooling and Coaching Co., acquired shares valued at SR3.85 million.  

This acquisition is in step with Ataa’s plan to broaden into the tutorial market in an effort to maximize return on fairness for the agency’s shareholders.  

Arab Nationwide Financial institution reported an increase in its internet revenue within the first half of 2023 to SR3.4 billion from SR2.4 billion in the identical interval final 12 months.  

In a Tadawul assertion, the financial institution attributed the surge in internet revenue to the web particular fee revenue, internet charges and fee revenue in addition to internet different working revenue.  

Moreover, internet trade revenue and the lower in internet impairment cost for anticipated credit score losses and different provisions additionally contributed to the revenue surge.  

Moreover, Saudi Tadawul Group Holding Co. registered a 23.6 % annual lower within the second quarter of this 12 months.  

The corporate achieved a internet revenue after zakat of SR105.2 million in the course of the three-month interval, from SR137.7 million in the identical interval of 2022, the corporate assertion confirmed.