... Power (-7.8%), Saco (-4.4%) and Alujain (-4.4%).THE CLOSING BELL: NOMU-The NomuC fell 0.9% yesterday on turnover of SAR 26.6 mn. The index is down 14.2% YTD.In the green: Amwaj International (+8.8%), Molan (+5.7%) and Tadweeer (+4.5%).In the red: Leen Alkhair (-9.5%), Naseej Tech (-9.3%) and Naas Petrol (-9.2%).CORPORATE ACTIONS-Qimam Noshoz Real Estate Development will increase i...
... distribution date is yet to be announced.ALUJAIN CORPORATION-ALUJAIN Corporation’s net loss narrowed to SAR 50.7 mn in 2024, from 82.3% in 2023, according to a disclosure to Tadawul. The decline came on the back of lower financing costs, higher murabaha income, a zakat provision reversal, and increased gains from the company’s JV National Petrochemical Industrial Comp...
... the green: Albabtain (+10.0%), Alujain (+8.7%), and ARDCO (+6.1%).In the red: Naseej (-9.6%), Al Rajhi Takaful (-4.6%), and Banan (-4.3%).THE CLOSING BELL: NOMU-The NomuC rose 0.1% yesterday on turnover of SAR 28.9 mn. The index is down 3.0% YTD.In the green:Lime Industries (+11.9%), Mobi Industry (+10.0%), and Saudi Top (+8.0%).In the red: NBM (-11.2%), Rawasi (-10.0%), and Dar A...
... Derayah (+30%), RIBL (+4.5%) and Alujain (+3.6%).In the red: AlBaha (-8.1%), Rasan (-7.8%) and Riyadh Cables (-7.7%).THE CLOSING BELL: NOMU-The NomuC fell 1.0% yesterday on turnover of SAR 40.7 mn. The index is down 1.4% YTD.In the green: NBM (+9.5%), Al Mohafaza for Education (+7.6%) and Horizon Food (+5.6%).In the red: AlRashid Industrial (-11.1%), Balady (-9.5%) and Sure (-9.5%...
Alujain wraps up a 35% stake in subsidiary Naptet: Tadawul-listedAlujain has sold a 35% stake in its subsidiary National Petrochemical Industrial Company (NAPTET) to Bassel International Holdings for SAR 1.9 bn (USD 500 mn), it said in a disclosure to Tadawul.Alujain’s post-transaction ownership of Naptet settles at 65%. Bassel is a subsidiary of NYSE-listed ...
... companies, including Altayyar, Alujain, Tatweer Buildings, Cementra Cement and others.Seera is a big player in the travel and tourism industry, holding car rental outfit Lumi, travel player Almosafer, and hotels in Jeddah, Riyadh, and Makkah.
... separate disclosure.MANUFACTURING-Alujain Corp to manufacture engineering plastics with India’s Samvardhana Motherson:Tadawul-listed industrial investment firmAlujain Corp has signed a two-year MoU with Indian auto parts maker Samvardhana Motherson International to set up an engineering plastics facility, it said in a disclosure to Tadawul yesterday. The complex will ...
Alujain is partially exiting NAPTET: Industrial investment firmAlujain Corporation will sell a 35% stake in National Petrochemical Industrial Company (NATPET) to a Basell International in a USD 500 mn transaction, according to statements by the two companies (here and here). Basell International is a unit of chemical maker LyondellBasell (LYB).Benefits for all: The JV wou...
... mn. Industrial investment firm Alujain Corporation said it has closed the acquisition of shares of its subsidiary National Petrochemical Industrial Company (NAPTET), bringing its ownership in NAPTET to 97.6% from 88.6%, according to a disclosure to Tadawul yesterday. Shareholders of Development Works Food (DWF) have rejected the board’s recommendation to go ahead with a SAR 216 mn...