Saudi Arabia .. Al -Rasheed shares rises after obtaining a gami license

The shares of “Mohamed Hadi Al -Rasheed and Summary Company, listed and traded in the Saudi stock market” Tadawul “, increased after it announced that it had obtained a license (GAMI) from the” Public Authority for Military Industries “, with the aim of supplying military equipment, in the middle of a trading session on Wednesday.

The stock rose by 3.82%, to trade at 108.80 riyals.

And the company “Mohamed Hadi Al -Rashid and Bochism and Co. Z.

After obtaining the license, the company seeks to provide support services

For military equipment, which opens up new opportunities in government projects, especially in the field of supplies and military services.

The company, “Mohamed Hadi Al -Rashid and Summary Co.”, confirmed that it will have priority in these projects, which enhances the capabilities of the company’s expansion in the military field.

The trading on “Al -Rasheed” shares at that time came at 545 shares, with a trading value approaching 59,140 thousand riyals.

The highest price for the share was at that time at 109.60 riyals, while the lowest price for the share was at 106 riyals.

The company, “Mohamed Hadi Al -Rashid and Summary Co., recorded an increase in revenue by 43.2%, on a semi -annual basis, for the company to record revenues of a value of 130.63 million riyals, during the first 6 -month period of last year 2024.

While the company recorded revenues of a value of up to 91.19 million riyals, during the same period of the previous year 2023.