Saudi British Bank meets with Hong Kong delegation to elevate investment opportunities  

RIYADH: Saudi Arabia’s Tadawul All Share Index connected Monday mislaid 2.87 points — aliases 0.03 percent — to adjacent astatine 10,588.58. 

While MSCI Tadawul 30 Index dropped 0.10 percent to 1,452.66, nan parallel marketplace Nomu slipped 0.76 percent to 18,761.95. 

TASI’s full trading turnover of nan benchmark scale connected Monday was SR4.46 cardinal ($1.19 billion), pinch 101 stocks of nan listed 224 advancing and 109 retreating. 

On Feb. 6, Saudi Reinsurance Co. was nan topmost gainer, rising 5.73 percent to SR16.98.  

The different apical gainers were Basic Chemical Industries Co., Riyadh Cables Group Co., Saudi Industrial Investment Group and Elm Co. 

The worst-performing banal of nan time was Salama Cooperative Insurance Co., which dropped 3.81 percent to SR16.16. 

Other stocks that poorly performed were Etihad Atheeb Telecommunication Co., Riyad Bank, Alinma Bank and The Mediterranean and Gulf Insurance and Reinsurance Co. 

Among sectoral indices, 11 of nan 21 listed connected nan banal speech declined, while nan remainder advanced. 

The Software and Services Index was a clear winner, pinch nan manufacture catapulting 2.98 percent to 38,040.86 and driving each 5 constituents successful nan green. 

On nan different hand, nan Food and Beverages Index fell 1.23 percent to 4,772.11. Five of nan 10 constituents successful nan assemblage precocious and nan remainder declined. 

On nan announcements front, Tihama Advertising and Public Relations Co. connected Monday informed nan banal speech issued its prospectus for superior summation done an SR350 cardinal authorities issue. 

The institution plans to connection 35 cardinal shares, astatine SR10 per share, to raise nan superior by 700 percent. 

Tihama intends to finance description plans and early investments, support moving superior and salary disconnected financial liabilities. The company’s stock value roseate 2.38 percent to SR94.8. 

Abdullah Saad Mohammed Abo Moati for Bookstores Co. announced that financial statements for nan 3rd 4th ended Dec. 31, 2022, mightiness miss nan disclosure deadline owed to a cyberattack connected its servers connected Dec. 8, 2022. 

Abo Moati said nan cyberattack resulted successful nan nonaccomplishment of financial information from Nov. 4 to Dec. 7, 2022. However, it restored information done hardcopy backups. 

The institution besides assigned an accredited cybersecurity institution to analyse nan systems and web to guarantee operations ran smoothly and normally. Its stock value fell 2.46 percent to SR27.75. 

Meanwhile, Leejam Sports Co. signed connected Feb. 5 a memorandum of knowing pinch UAE-based healthcare supplier Burjeel Holding Co. to commencement a business successful physiotherapy and sports healthcare services successful Saudi Arabia. 

Both companies scheme to found a caller institution successful a 50-50 partnership, nan sports institution said successful a connection to Tadawul. 

The business intends to found and run a web of physiotherapy, rehabilitation and sports healthcare clinics wrong and extracurricular Leejam centers successful nan Kingdom. 

The connection said it would besides see nan proviso of physiotherapy and related wellness services, pinch a peculiar attraction connected sports medicine and precocious rehabilitation therapies. Leejam Sports’ stock value closed level astatine SR86.4.