Tadawul
In a stock exchange filing by STC to the Saudi Stock Exchange Tadawul, the former said the two sides have failed to finalize the terms before the MoU’s deadline but agreed to keep the dialogue open.
Saudi stock exchange will work with stakeholders to ensure the substantial inflows of capital it is expecting in the coming months will not adversely affect the market.
The Saudi index fell 0.7 percent in the first hour with all 12 banking stocks declining. Al Rajhi Bank slipped 1.3 percent.
Lazurde Company for Jewelry announced on Monday that the new production unit in Egypt has been completed at a cost of SAR 12.6 million ($3.35 million).
