The Tadawul All Share Index, TASI, was down 0.2 percent at 11,845 points in early trade today.
Here’s a wrap of market movements as of 10:30am Riyadh time:
Arab National Bank profits declined 0.6 percent in the third quarter to SR665 million ($117 million). This fall was due to an increase in salaries, employee expenses and other general and administrative costs, the bank said in a filing.
On a quarterly basis, Arab Bank's net profit increased by 40.59 percent, compared to a net profit of about SR473 million in the second quarter of 2021.
Alinma Bank’s profits rose 15 percent in the third quarter to SR822.9 million ($219.4 million), compared to SR715 million in the third quarter of 2020.
On a quarterly basis, the company's profits increased in the third quarter by 3.9 percent, compared to profits of SR792 million in the second quarter of 2021.
Alarabia launched the retail subscription for 10 percent of its shares on Tuesday.
Saudi Arabian Mining Company, Maaden, returned to a net profit of SR3.1 billion ($830 million) in the first nine months of 2021.
Alkhorayef Water and Power Technologies Company’s board approved establishing a subsidiary company, along with France’s Veolia, to focus on water services in the Riyadh region.
Dr. Sulaiman Al Habib Medical Services Group’s two subsidiaries signed two contracts worth SR599.6 million ($159.9 million).
SIECO signed a Memorandum of Understanding with the International Development Bank to support Saudi exports to Iraq.
Zahrat Al Waha’s net profit soared 65 percent to SR44.1 million ($11.8 million) for the first nine months of 2021.
Mobile Telecommunication Company Saudi Arabia (Zain Ksa) posted a 36 percent decline in profit in the first nine months of 2021.
Taleem REIT Fund distributed a 1.2 percent cash dividend for Q3 2021.
CMA announced the approval of the public offering of the "Riyad Opportunities Fund".
