RIYADH: Saudi exchange’s main stock index TASI edged up slightly by 0.09 percent to close at 11,170 points in the previous trading session, after recouping early trading losses. The parallel market Nomu rose 1.2 percent to 27,377 points. The global spread of the new omicron variant has aroused investor uncertainty, leading most of the Middle East stock exchanges to either fall or sustain minor gains. As Saudi, Oman, and Kuwait bourses saw marginal gains, Abu Dhabi’s index ADI dropped 1.1 percent, the Qatari index QSI lost 0.3 percent, and the UAE’s DFMGI ended close to flat. Apart from Gulf countries, the Egyptian index EGX finished 0.7 percent lower. Stock news: Etihad Atheeb Telecommunications Co.’s board recommended a capital increase through a SR350 million rights issue National Metal Manufacturing and Casting Co., or Maadaniyah, announced the end results of its rump shares offering – oversubscribed with a coverage ratio of 730 percent Petro Rabigh fully settled loans worth SR21.9 billion related to the first phase of the industrial complex project Alkhorayef Water and Power Technologies signed a SR34 million contract to provide maintenance solutions over 36 months for Uglat Alsugoor and Dariyah governorates as well as the villages and centers of Al Qassim region Tourism Enterprise Co., also known as shams, won a court appeal against a SR4.9 million compensation claim filed by its former board member and chief Abdul Hamid Al-Tareef Somou Real Estate Co. signed a contract with Adeer Holding and Adeer Real Estate to develop and sell 251 residential villas in Al Khobar SICO Saudi REIT fund invited its shareholders to vote on a new fund investment strategy on Jan. 6, 2022, aiming to invest a minimum of 75 percent of total assets in the Kingdom Calendar: Dec. 21, 2021: Sadr Logistics’ rump shares offering period starts Dec. 22, 2021: Last day to subscribe to Sadr Logistics’ rump shares Dec. 23, 2021: Last day to subscribe to Batic Investment and Logistics Co.’s new shares Individual subscription to Jahez Marketing Co.’s initial public offering starts, with as many as 272,786 shares up for subscription Hail Cement Co. will start dividend distribution at 5 percent of the company’s capital for the first nine months of 2021