“Umm al -qura” shares rise to the maximum in the first sessions that circulate on the Saudi Stock Exchange

The share of “Umm Al -qura for Development and Reconstruction Company (massar), the most important developer of one of the largest projects in Makkah Al -Mukarramah, started its trade in the Saudi stock market today, Monday, with a maximum increase in the fifth inclusion in the market since the beginning of this year. (5.75 billion dollars) recorded. 57.3% to 498.6 million Riyals rose thanks to the improvement of income, in addition to the decline in public and administrative expenses, and the Zakat edition fell by 53%. Saudi Arabia’s proposals .. an ongoing recovery. Saudi Arabia is the most active market in the Middle East in terms of initial public proposals this year, as it has so far raised about $ 1.2 billion over nine transactions. On the other hand, the vague and sultanate of Oman saw only one preliminary proposal for each. Saudi Arabia seems to be ready to offer more proposals during April, after the Eid Al -Fitr holiday, as the regulators recently agreed to ‘Sport Club’, which owns the Bodymaster Series “Bodymaster”, along with the “Majid Relete Stet” and “Marking Home Group”, along with the two businesses “and” Marking Home ” to include. (Marketing home group). The system -specialized business, the technology specialized and the United Cartoon Company, also obtained the organizational approval of the inclusion. According to Bloomberg, the “Riyadh Capital” business, which specializes in asset management, and the “Flys Economic Airlines”, used banks to arrange stock offering. While the public investment fund is working to prepare descriptions in a cooling business specializing in, another one is to run the ports, and a third for medical purchases.

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