Almarai dairy company, a founding shareholder in Zain Saudi, will likely take a $36 million impairment on its stake in the telecoms carrier at the end of 2011 if the shares remain stuck near current levels, the company's chief financial officer said (...)
Saudi share prices fell the most in more than a week as concern on economic growth pushed global stocks lower and as short-term investors dominate activity, with large portfolio holders barred from trading during earnings season.
Saudi stock (...)
Favorite Rafael Nadal must negotiate a tricky path in his bid for a fifth French Open title following Friday's draw for the claycourt Grand Slam starting Sunday.
World No. 2 Nadal, however, did not seem too worried by his fate as he was spotted (...)
Saudi banks booked more provisions for bad loans during the third quarter but a veil of secrecy over the level of their exposure to troubled private firms is keeping investors guessing over their adequacy.
Stock exchange data showed that five Saudi (...)
Saudi lender Samba Financial Group posted a $3.73 billion fall in the value of its investments in the first quarter, although its net profit rose a better than expected 6 percent.
Investments fell to SR53 billion at the end of the first quarter of (...)
