Saudi energy minister leads clean hydrogen discussion in G20 meet

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

The whole worth traded through 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.  

Then again, 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 Era 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 per Ataa’s plan to develop into the tutorial market as a way to maximize return on fairness for the agency’s shareholders.  

Arab Nationwide Financial institution reported an increase in its web 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 web revenue to the web particular fee revenue, web charges and fee revenue in addition to web different working revenue.  

Moreover, web change revenue and the lower in web 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 web revenue after zakat of SR105.2 million through the three-month interval, from SR137.7 million in the identical interval of 2022, the corporate assertion confirmed.