I am glad
to put some news about Gulf countries specially Kingdom of Saudi
Arabia
Kingdom Holding keeps Tadawul bourse rising
Kingdom Holding keeps Tadawul bourse rising
The Saudi Stock Exchange closed 0.48%
higher at 6,616.41 points as multi-investments pushed the market up. Shares of
Kingdom Holding Co., owned by renowned investor HH Prince Al-Waleed Bin Talal,
surged 9.38% to reach SR10.50. Al Hassan Ghazi Ibrahim Shaker, a Riyadh-based
manufacturer of air conditioners, jumped seven percent, finishing at SR61.00.
Earlier in the day, the company announced the signing of a Memorandum of
Understanding with South Korea's LG Electronics. "The purpose of this MOU is to
summarize the current business understanding of the parties about consideration
and discussion for cooperation between LGE and Al Hassan Ghazi Shaker Company
about marketing and sales of LG Solar and Lighting LED / PLS products", the
statement to the Tadawul bourse
says.
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