TASI stocks up by 0.23 percent in early trading: Market wrap

  • 10/12/2021
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RIYADH: Saudi Arabia’s main market, Tadawul, traded 0.23 percent higher on Tuesday morning, at 11,560 points. Here’s a wrap of market movements as of 10:30am, Riyadh time: Jarir Marketing earned SR729 million in nine months from 2021. Jadwa REIT finishes increasing its assets by SR370 million. SRMG completed the acquisition of Eight Publishing and Distribution Company. Al Kathiri receives a long-term credit rating of “BBB-”. Chemanol achieved a profit of SR164.2 million at the end of the first nine months of 2021. Nayifat Finance obtained approval to offer 35 percent of its shares for public subscription. The company"s total assets amounted to SR1.9 billion, and total shareholders" equity amounted to SR1.2 billion in the first half of 2021. The small business portfolio grew to SR133 million over the same period. The CEO of Nayifat Finance Company, Abdulmohsen Al-Suwailem, said: “We launched the social finance platform with debt and credit cards, as the first company to be licensed by the Central Bank.”

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