Positive news and profitable stocks in the Saudi Tadawul market at the end of Wednesday’s trading

The session on Wednesday in the Saudi Tadawul market included many positive news and winning stocks. Positive news

We begin with the positive news, with Elm Company acquiring the Fund’s entire share in Thiqa Company, amounting to 45 thousand shares at a value of 1,000 Saudi riyals per share, which represents 100% of the capital of Thiqa Business Services Company, bringing the value of the acquisition deal to 3.4 billion riyals. “Tharwa” received a letter of award for a project with a government agency worth 9.8 million riyals, and “Tam Development” received a purchase order for one of its projects worth 24.8 million riyals within the framework agreement concluded with a government agency, and Al-Muammar Information Systems Company (MIS) received an award for a project. From the Ministry of Health to operate and maintain the digital infrastructure for 38 hospitals in the southwestern region, at a value of 70.06 million riyals.

Today’s session also witnessed the completion of the process of offering Basma Adeem Company (Smile Care) shares in the parallel market “Nomu”, amounting to 4 million shares, representing 20% ​​of the company’s shares after the offering and capital increase, at 4.40 riyals per share, and the coverage ratio was 1981.27% of the total shares offered.

Tharwa Company renewed a financing agreement with Riyad Bank worth 8 million riyals, until November 2027, and Derayah Financial decided to distribute cash dividends to unitholders of Derayah REIT Fund for the fourth quarter of 2024, with a total value of 9 million riyals, at a rate of 0.084 riyals per unit.

Naseej Technology signed a contract with the Saudi Authority for Intellectual Property to develop a project to improve technical intellectual property processes and raise their efficiency at a value of 12.9 million riyals, with a duration of 3 years.

Winners: Naseej shares rose by 9.96% to close at 108.2 riyals, Armah shares rose by 7.34% to close at 95 riyals, and Jahez shares rose by 6.09% to close at 33.95 riyals.

Quara shares also rose by 5.26% to close at 20 riyals, Saudi German Health shares rose by 4.75% to close at 79.4 riyals, Reaya shares rose by 4.12% to close at 161.6 riyals, and Al-Jouf Cement shares rose by 4.01% to close at 11.92. SAR.

Orient Pipes shares also rose by 3.46% to close at 161.6 riyals, Chubb shares rose by 3.28% to close at 53.5 riyals, and Kingdom shares rose by 3.14% to close at 9.52 riyals.