Saudi Stocks Hit Record Lows: A Comprehensive List

Saudi Stocks Hit Record Lows: A Comprehensive List

RIYADH – A number of Saudi-listed companies traded at their lowest prices since their initial public offerings (IPOs) during Wednesday’s session, according to data compiled by Argaam. The declines reflect broader market pressures, though specific factors vary by company. Nice One closed at 13.68 Saudi Riyal, a record low since its IPO in January 2025, … Read more

Al Rajhi Bank Capital Increase Approved: 50% Bonus Issue | Saudi Arabia

Al Rajhi Bank Capital Increase Approved: 50% Bonus Issue | Saudi Arabia

RIYADH – Saudi Arabia’s Capital Market Authority (CMA) approved Al Rajhi Bank’s request to increase its capital from 40 billion riyals to 60 billion riyals through a one-for-two rights issue, the CMA announced Monday. The increase will be funded by transferring 20 billion riyals from retained earnings, according to a statement released by the CMA. … Read more