Royal commission for Jubail and Yanbu to set up a billion dollar rubber tire factory

RIYADH: Saudi Arabia’s main stock index fell in the first trading session of June, weighed down by fallout from global peers.

TASI closed the day down 1.2% at 12,766, while parallel market Nomu added 0.48% at 22,879.

Gulf stock markets all fell in line with Saudi Arabia, while Dubai bucked the trend with a 1.8% gain.

Abu Dhabi led the fall falling 1.7% ahead of its biggest listing of petrochemical company Borouge.

Elsewhere in the Middle East, the Egyptian EGX30 was down 0.7%.

Oil prices fell slightly on Thursday. Brent crude fell to $114.66 a barrel and US West Texas Intermediate hit $113.56 a barrel at 8:51 a.m. KST.

Stock market news

Hail Cement Co. board of directors recommended 4.9 million share buyback

Al-Etihad Cooperative Insurance has signed a three-year agreement to sell insurance products through the Saudi National Bank

Saudi Cement Co. shareholders set to receive cash dividends of SR1.5 ($0.4) per share for the first half of 2022

Al Hassan Ghazi Ibrahim Shaker Co. appointed Abdulelah bin Abdullah Abunayan as Chairman and Musab bin Suleiman Al-Muhaidib as Vice Chairman of the Board

Almunajem Foods Co. shareholders approved payment of annual dividend of SR2 per share

Saudi poultry processing company Anaam International Holding Co. has completed the acquisition of a 55% stake in ARW Industry Co.

Fawaz Abdulaziz Alhokair Co. has received Capital Market Authority approval to reduce its capital to SR 1.15 billion

Raoom Trading Co’.s capital increase application to SR 62.5 million has been approved by CMA

Sipchem has announced scheduled periodic plant maintenance at its International Acetyl Co. unit for three weeks beginning June 2

ACWA Power Co. Board of Directors recommended distribution of SR 0.77 per share in dividends for 2021

Yanbu Cement Co. intends to pay cash dividend of SR 0.75 per share to shareholders for the first half of 2022

Al Hammadi Co. for Development and Investment said it would distribute dividends of SR 0.4 per share for the second quarter of 2022


June 2, 2022

Closing of the subscription for new shares of Anaam International Holding Group

June 6, 2022

End of Saudi Real Estate Co. rights trading

June 9, 2022

Closing of the subscription for new shares of Saudi Real Estate Co.

Aurora J. William