Arab News, Sunday, Aug 28, 2022 | Safar 1, 1444
Here’s what you need to know before Tadawul trading on Sunday
Saudi Arabia: Saudi Arabia’s stock
market ended the previous week on a high note as its first-half earnings season
came to an end.
The main benchmark index TASI surged 1.2 percent
to finish at 12,591 on Thursday, while the parallel Nomu market settled flat at
21,631.
Dubai’s bourse advanced 1.2 percent, followed by
Abu Dhabi and Qatar with a 0.2 and 0.7 percent gain, respectively.
The Bahraini bourse was flat at the session’s
close, while Oman and Kuwait edged slightly lower.
Outside the Gulf, the Egyptian blue-chip index
soared 1.8 percent.
Brent crude rebounded to exit the week at $100.99
a barrel, as investors eyed potential OPEC+ output cuts. US West Texas
Intermediate also settled higher at $93.06 a barrel.
Stock news
Saudi National Bank announced the commencement of
its additional riyal-denominated sukuk offering on Aug. 28
Abdulmohsen Alhokair Group for Tourism and
Development managed to cut down its losses by 49 percent during the first half
of 2022
Maharah Human Resources’ unit received the General
Authority of Competition’s nod to proceed with acquiring a stake in Care Shield
Holding Co.
Jabal Omar Development Co.’s shareholders approved
a 24 percent capital increase to SR11.5 billion ($3 billion)
Academy of Learning Co. will payout a cash
dividend of SR1.5 per share to its shareholders for the first half of 2022
Anaam International Holding Group will be
suspended from trading on Sunday due to its failure to announce its financial
results in the period specified by the Saudi Exchange
Calendar
August 28, 2022
Start of Saudi National Bank’s riyal-denominated
sukuk offering
September 11, 2022
Start of Arabian Plastic Industrial Co.’s IPO
book-building
September 13, 2022
End of Arabian Plastic Industrial Co.’s IPO
book-building