... USD 10 bn into European and US investment-grade corporate debt, according to EPFR Global data. Meanwhile, investors poured another USD 13 bn into US high-grade corporates in July alone, the largest net client purchasing on record since 2015, according to a note from Barclays strategists.The rationale: If the US fiscal deficits continue to expand as a result of tax cuts and growing...

... Refinery, in which Tadawul-listed Artex Industrial Investment owns a 15% equity stake.

... Sugar Refinery (Resreco), in which Artex Industrial Investment owns a 15% equity stake, Artex said in a disclosure to Tadawul yesterday. The acquisition, whose value remains undisclosed, is still pending Ethraa’s due diligence and regulatory approvals.IN CONTEXT- As part of the agreement, Ethraa is expected to pay Al Reef’s SAR 672 mn loan fr...

... financing costs and improve cashflow.ARTEX INDUSTRIAL INVESTMENT- Tadawul-listed carpet manufacturerARTEX INDUSTRIAL INVESTMENT saw its net loss widen 93.1% y-o-y in FY 2024 to SAR 144.5 mn from SAR 74.8 mn, mainly due to a SAR 100 mn provision made after the Saudi INDUSTRIAL Development Fund called a g...

... Arabian Company for Agricultural and Industrial Investment (Entaj Foods) will hit Tadawul’s main market tomorrow, according to a statement. The company’s shares will be allowed to fluctuate within a ±30% band, with a static fluctuation band of ±10% on the first three days of trading. Starting from the fourth day, shares will be allowed to trade at ±10% as circuit brea...

SIDF activates loan guarantees: Saudi Industrial Development Fund (SIDF) notified Jazan Development and Investment Company (Jazadco) and Artex Industrial Investment Company it is activating guarantees for a SAR 672 mn loan made to Al Reef Sugar Refinery Company (Resreco) after the firm failed to meet repayment obligations, according ...