Economy page

Follow the latest updates on the Saudi Riyal to Egyptian Pound exchange rate in banks today, Thursday. Learn about the reasons for the changes and their impact on remittances, Hajj, and Umrah.

Gold and silver prices have fallen sharply due to the strength of the dollar and profit-taking. Learn about the reasons for the decline and its impact on global markets and investors.

Follow the latest updates on the dollar exchange rate against the Egyptian pound today, Thursday. A slight increase was recorded at the close of trading in banks following the decision to float the currency. Here are the details.

Wasata Capital announced a plan to acquire a commercial property in Riyadh for the benefit of Al Waha REIT Fund for SAR 44.5 million, which will enhance the fund’s assets and support the growth of the real estate sector.

Al-Khair Capital announced the distribution of cash dividends worth 7.56 million riyals to the unit holders of Al-Khair Diversified Income Traded Fund, at a rate of 0.16 riyals per unit for the second half of 2023.

Mohammed Hadi Al-Rashid Company obtained bank facilities worth 20 million riyals from Emirates NBD Bank to finance working capital and support its expansion plans in the contracting sector.

Saudi Refineries Company (SARCO) announced that its subsidiary has signed a memorandum of understanding with a British company to purchase the production of a green ammonia plant in Jazan, as part of Vision 2030.

Saudi First Bank (SAB) announced a 46% growth in its annual profits to reach SAR 7.5 billion in 2023, driven by growth in special commission income and banking services.

The Saudi stock market index (TASI) closed down 1.3% at 11,188 points. This analysis examines the reasons for the decline, sector performance, and the impact of global factors on the largest market in the Middle East.

The Saudi Board of Grievances announced a reduction in the average litigation period to 68 days, in a strategic move to enhance the investment environment and support the artificial intelligence and venture capital sectors.