Shares in Zain Saudi slumped to a record low on Monday amid a slow initial take-up of its rights issue, while Saudi Arabia's index fell to a near three-week low. But Emaar Properties lifted Dubai's bourse.
July 17, 2012 10:17
Gulf Arab bourses are likely to remain lacklustre on Monday as a summer trading lull, regional political tensions and sustained volatility on global equity and oil markets make investors wary of raising their risk exposure.
July 16, 2012 11:55
The firm, an affiliate of the United Arab Emirates' Etisalat , said it made a net profit of 1.421 billion riyals ($379 million) in the three months to June 30, up from 1.164 billion riyals in the year-earlier period.
July 16, 2012 11:00
Dar to repay further 2.4 bln riyals debt by 2015; Does not plan to issue new sukuk this year; Expects at least 10 pct profit growth in Q3, Q4; Aims for over 10 pct growth in 2013; No impact from mortgage law this year
July 15, 2012 5:06