TASI Stocks up by 0.6 percent in early trading: Market wrap

RIYADH: Saudi Arabia’s main market, Tadawul, traded 0.6 percent higher on Sunday morning, at 11,750 points.

Here’s a wrap of market movements as of 10:30 a.m. Riyadh time:

Aldrees net profit surges 50 percent to SR122.7 million for the first nine months of 2021. 

Derayah-REIT goes ex dividend today. 

Saudi Real Estate Co.’s subsidiary, Saudi Real Estate Infrastructure Co. (Binyah), signed a contract with Diriyah Gate Development to carry out Wadi Hanifa’s infrastructure work with the Diriyah Development Authority.

AlKathiri Holding Co’s subsidiary, Alian Industry Co. received a land plot of 7,000 square meters from the Abdul Rahman Al-Rashed Company to build a ready-mixed concrete plant.

UCA recommends capital hike through SR300 million right Issues.

“The Market Authority” approves the public offering of the units of the “Capital Flexible Investment Fund for Saudi Equities”.

Nayifat Finance announces the initial prospectus for subscription.

Savola Group’s wholly-owned subsidiary, Savola Foods Co., completed the acquisition of 100 percent of Bayara Holding Limited.