Saudi Arabia.. Riyal shares rise to the highest price in 14 months

The shares of “Real Investment and Development” Company, known as “SAR”, which is listed and traded on the Saudi stock market “Tadawul”, rose and recorded the highest price in 14 months, in the middle of trading on Wednesday.

The stock rose by 0.70%, trading at 28.60 riyals per share.

Trading in “SAR” shares at that time consisted of 344 shares, with a trading value of 9,991 thousand riyals.

The highest price per share at that time was 29.80 riyals, while the lowest price per share was 28.55 riyals.

The stock thus touched its highest price in 14 months (one year, two months, and 21 days), which it had not touched since October 25, 2023.

“SAR Investment and Development” Company recorded an increase in revenues by 12.8%, recording revenues amounting to 68.9 million riyals, during the first 6 months of last year 2024.

While the company achieved revenues amounting to 61.06 million riyals, during the same period of the previous year 2023.

Real Investment and Development Company recorded an increase in total income by 2.8%, bringing the company to a total income of 26 million riyals, during the first 6 months of last year 2024.

While the company recorded a total income of 25.3 million riyals, during the same period of the previous year, 2023.