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Source familiar with Hezbollah chief's security arrangements suggests the group has been infiltrated
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Saudi Shares Rebound as Sabic Rises to Highest Since November
DUBAI — Saudi Arabian stocks rebounded as Saudi Basic Industries Corporatopm, the world’s biggest chemical maker by market value, climbed to the highest close in six months.
Sabic gained 3.4 per cent. National Industrialisation Company, which holds interests in industrial and manufacturing firms in the kingdom, gained the most in two weeks.
Saudi Arabia’s benchmark index, the Tadawul All Share Index, closed 0.8 per cent higher at 6,100.85, bringing the advance for the quarter to 30 per cent. Sabic climbed to 69.25 riyals, the highest close since November 5. National Industrialisation advanced 6.1 per cent to 20.85 riyals.
Dar Al-Arkan, Saudi Arabia’s largest property developer by market value, plans to offer shareholders one bonus share for each existing two to raise its capital and fund expansion. The board proposed using the bonus issue to raise the firm’s capital to 10.8 billion riyals from 7.2 billion riyals, Dar al-Arkan said in a statement after a board meeting.
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