Saudi Arabia’s Rawabi Energy concludes $1.9bn syndicated financing 

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

The entire 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 p.c, 4.11 p.c and three.71 p.c, respectively.  

The worst performer on Sunday was Saudi Printing and Packaging Co. with its share value falling 7.28 p.c.  

Alkhaleej Coaching and Training Co. and Takween Superior Industries Co. adopted, dropping 6.08 p.c and 5.27 p.c, respectively.  

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

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

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

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

This acquisition is per Ataa’s plan to broaden into the academic market in an effort 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 yr.  

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

Moreover, web alternate 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 p.c annual lower within the second quarter of this yr.  

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.