RIYADH: More than 100,000 commercial registrations were issued to women in the Kingdom last year, Al Arabiya reported, citing the Saudi Ministry of Commerce.
Most of the activity was concentrated in the wholesale and retail trade, vehicle repair services, accommodation, food services and construction.
The registration process requires applicants to be 18 years or older, not be a government employee and have a minimum capital of SR,5000 ($1,330).
Saudi Arabia is encouraging greater female participation in the private sector as part of its Saudi Vision 2030 blueprint for economic and social reform.
The Kingdom continues to make progress in the World Bank Group’s Report, “Women, Business, and Law 2021.”
The report compares levels of discrimination between genders in the field of economic development and entrepreneurship in 190 countries.
It revealed that Saudi Arabia scored 80 points out of 100, up from the 70.6 achieved in 2020.
Saudi Arabia issued over 100,000 commercial registrations for women last year
https://arab.news/v9v9w
Saudi Arabia issued over 100,000 commercial registrations for women last year
- Saudi Arabia is encouraging greater female participation in the private sector as part of its Saudi Vision 2030
Closing Bell: Saudi main index slips to close at 11,228
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, lost 23.17 points, or 0.21 percent, to close at 11,228.64.
The total trading turnover of the benchmark index was SR2.99 billion ($797 million), as 170 of the stocks advanced and 82 retreated.
On the other hand, the Kingdom’s parallel market Nomu gained 449.38 points, or 1.90 percent, to close at 24,093.12. This comes as 43 of the stocks advanced while 27 retreated.
The MSCI Tadawul Index lost 6.07 points, or 0.40 percent, to close at 1,511.36.
The best-performing stock of the day was Obeikan Glass Co., whose share price surged 7.54 percent to SR27.66.
Other top performers included Alamar Foods Co., whose share price rose 6.80 percent to SR47.10, as well as Saudi Kayan Petrochemical Co., whose share price climbed 6.79 percent to SR5.66.
Saudi Investment Bank recorded the steepest drop, falling 3.21 percent to SR13.56.
Jahez International Co. for Information System Technology also saw its share price fall 3.15 percent to SR13.55.
Rabigh Refining and Petrochemical Co. declined 2.78 percent to SR7.34.
On the announcements front, Tanmiah Food Co. reported its annual financial results for the period ending Dec. 31. According to a Tadawul statement, the company recorded a net loss of SR18.8 million, compared with a net profit of SR95.8 million a year earlier.
The net loss was mainly due to ongoing market challenges that resulted in continued pricing pressures in fresh poultry, inflationary cost pressures, higher financing expenses, and depreciation and ramp-up costs from new facilities, partially offset by increased production volumes and cost-optimization initiatives.
Tanmiah Food Co. ended the session at SR58.20, up 3.72 percent.
United International Holding Co., also known as Tas’heel, announced its annual financial results for the period ending Dec. 31. A bourse filing showed the company recorded a net profit of SR273.64 million in 2025, up 23.05 percent from 2024, primarily driven by a 23.4 percent rise in revenues. The revenue growth helped lift gross profit by 23.7 percent.
Tas’heel ended the session at SR146.80, down 0.28 percent.
