Saudi petchem duo eye share-swap merger in 2014
Saudi Arabia's Sahara Petrochemical and Saudi International Petrochemical Co. (Sipchem) hope to complete a share-swap merger in the first half of 2014 that would create a firm valued around USD 5 billion.
Jarir to increase capital by 50% to SR900m
The board of directors of Jarir Marketing Company recommended increasing the company's capital by 50 percent through bonus shares at its extraordinary general assembly meeting held in Riyadh recently.
Transport sector index crosses 6,000-mark
Saudi Arabia's benchmark Tadawul All-Share Index (TASI) finished to the upside at 8,325.28 points Thursday, adding 24.63 points further or 0.30%.