Profits of petchem firms in KSA up 14% to SR18.5bn in H1
Profits of the listed petrochemical companies rose by 14.4 percent to SR18.54 billion in the first half of the current year compared to SR16.2 billion in the same period last year, according to a financial report.
Tadawul opening may dampen IPOs
Saudi Arabia's decision to open its stock market to direct foreign investment could slow down initial public offerings (IPOs) in the country by making local companies wary of giving up stakes in their business to foreign control.
Saudi stock exchange index rises 7 % in July
The index achieved returns by 19.67 % from the beginning of the year 2014 until the end of July.