Saudi civil aviation strategy to enhance socio-economic development

Saudi civil aviation strategy to enhance socio-economic development
Saudi civil aviation strategy to enhance socio-economic development

Thank you for reading the news about Saudi civil aviation strategy to enhance socio-economic development and now with the details

Jeddah - Yasmine El Tohamy - RIYADH: Saudi bourse’s main stock index, TASI, surged this morning amid a tsunami of initial public offerings that may continue to the end of the year. 

TASI went up by 0.57 percent to 11,267 points at 11:20 a.m. Riyadh time, partly recouping last trading session’s losses.

The parallel market Nomu rose by 0.49 percent to 26,538 points.

Saudi Capital Market Authority approved yesterday listings of new IPOs that will add 70.3 million shares to both TASI and Nomu indexs.

Capital Market Authority (CMA) chairman Mohammed El-Kuwaiz said in November, when he revealed there are a further 54 listing applications pending — 31 of which are direct listings.

Etihad Atheeb Telecommunication Co. led the gainers by rising 8.25 percent to SR30.85 ($8.2). This followed the Capital Market Authority’s approval of the company’s capital reduction request.

Tourism Enterprise Co., known as Shams, and the Saudi Investment Bank, SAIB, came next, up nearly 3.23 percent and 4.9 percent to SR172 and SR20, respectively.

The share price hike brings SAIB stock to a record high compared to all closing prices in over two years.

Losses were minor as the major market movers of the session soared in early trading.

Shams had SR88 million worth of shares changing hands, while that of Etihad Atheeb Telecom stood at SR103 million.

Among Saudi’s biggest players, Al Rajhi Bank and Saudi Basic Industries Corp., or SABIC, rose to SR141 and SR115, respectively.

These were the details of the news Saudi civil aviation strategy to enhance socio-economic development for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Sustainable beauty: Capturing a rising demand for conscious living

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]