Saudi human resources company KABI acquires AI-based recruitment solutions provider Bloovo

RIYADH: Saudi shares fell on Tuesday, extending losses for another session as investors weighed the impact of a potential economic slowdown.
TASI, as the main index is known, fell 0.27% ending the day at 12,020, while the parallel market, Nomu, added 0.21% to 21,505.
Bahrain and Kuwait lost 0.5% each, and Oman’s index remained almost stable.
Elsewhere in the Middle East, the Egyptian EGX30 lost 0.3%.
However, other Gulf exchanges including Abu Dhabi, Dubai and Qatar bucked the downward trend to close higher in the previous session.
In the energy market, Brent crude was trading at $121.54 a barrel and US West Texas Intermediate at $119.27 as of 9:22 a.m. KST on Wednesday.
Stock market news
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Arabian Centers Co. and Riyadh Capital Co. have signed agreements to set up two real estate investment funds worth SR6.2 billion ($1.7 billion) to develop a center in Riyadh and one in Jeddah
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Almunajem Foods Co. Secured SR200 Million in Sharia Compliant Financing from Al Rajhi Bank
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Saudi Paper and Manufacturing Co. sold land belonging to one of its subsidiaries in Riyadh for SR24.8 million
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Raoom Trading Co. shareholders approved the payment of a semi-annual dividend of SR1.25 per share
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Al Khaleej Training and Education Co. plans to buy back 300,000 of its shares which will be held as treasury shares as long-term incentive shares for senior executives
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OHR Co. has completed the acquisition of Bloovo Co. Ltd, 40% owned by Saudi Maharah Human Resources Co.
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Saudi Azm for Communication and Information Technology Co. has won a contract worth SR16.5 million to develop digital portals and smart apps for the Ministry of Finance
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Saudi Automotive Services Co. shareholders approved distribution of SR0.25 per share in dividends for 2021
Calendar
June 16 — Amwaj International Co. will begin trading its shares on the Nomu parallel market
June 21 – Rabigh Refining and Petrochemical Co. rights trading ends.
June 26 — End of Rabigh Refining and Petrochemical Co.’s subscription to new shares