The belief of the Alwaleed bin Talal Foundation-Global (Registered in Lebanon), and the board of trustees Prince Alwaleed bin Talal, is in supporting people affected by natural disasters.
As an extension of this belief, the Alwaleed Foundation has supported the victims of the Nepal earthquake with $1,000,000.
The donation by Alwaleed Foundation was made through international local agencies such as International Medical Corp, Habitat for humanity and the World Food Program.
The Alwaleed Bin Talal Foundations are involved in a wide spectrum of humanitarian and philanthropic activities in 90 countries.
Their focus areas have been established around strategic initiatives, ranging from disaster relief and community development, to women and youth empowerment, as well as promoting intercultural understanding.
Alwaleed bin Talal Foundation (Global)supports eathquake victims in Nepal
Alwaleed bin Talal Foundation (Global)supports eathquake victims in Nepal
Closing Bell: Saudi main index closes in red at 11,167
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 46.43 points, or 0.41 percent, to close at 11,167.54.
The total trading turnover of the benchmark index was SR4.88 billion ($1.30 billion), as 66 of the listed stocks advanced, while 192 retreated.
The MSCI Tadawul Index decreased, down 5.52 points, or 0.37 percent, to close at 1,506.55.
The Kingdom’s parallel market Nomu lost 153.40 points, or 0.65 percent, to close at 23,486.52. This comes as 32 of the listed stocks advanced, while 31 retreated.
The best-performing stock was Tourism Enterprise Co., with its share price surging 9.95 percent to SR14.36.
Other top performers included Mobile Telecommunication Co., Saudi Arabia, which saw its share price rise by 5.32 percent to SR11.48, and Al Masar Al Shamil Education Co., which saw a 4.86 percent increase to SR22.89.
On the downside, Almoosa Health Co. was the day’s weakest performer, with its share price falling 4.81 percent to SR150.40.
Dallah Healthcare Co. fell 3.81 percent to SR113.50, while Saudi Research and Media Group dropped 3.44 percent to SR100.90.
On the corporate front, Arabian Plastic Industrial Co. has signed a non-binding memorandum of understanding with K. K. Nag to explore the establishment of a specialized manufacturing facility for expanded polypropylene products.
According to a Tadawul statement, the agreement sets out initial mutual obligations and rights between the two parties as part of APICO’s broader expansion strategy to increase production capacity and meet rising industrial demand.
The company’s share price rose 1.21 percent to SR43.52 on the parallel market.
