82 stories mentioning SASE:2222Updated 14h ago
Every FINWIRES story that references SASE:2222, newest first.
Arabian Pipes Co. (SASE:2200) secured a contract worth 133 million Saudi riyals from Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco.The nine-month deal covers the production and delivery of steel pipes, the steel tube manufacturer said Wednesday.
The Tadawul All Share Index closed the last trading day of June subdued at 0.07% in the green on Tuesday as investors tuned in to the latest economic releases by Saudi Arabia.According to the General Authority for Statistics, the country's unemployment rate was 3.1% in the first quarter, lower than the 3.5% in the prior three-month period and up by 0.3 percentage points from the year-ago figure."The overall labor force participation rate (for Saudis and non-Saudis) reached 67.2%, decreasing by 0.2 percentage points compared to the previous quarter and by 1.0 percentage points year-on-year compared to the corresponding quarter of 2025. The unemployment rate among Saudis stood at 6.4% in Q1 of 2026, decreasing by 0.8 percentage points compared to the previous quarter while increasing by 0.1 percentage points year-on-year compared to Q1 of 2025. Meanwhile, the employment-to-population ratio among Saudis reached 45.8%, recording a slight decrease of 0.1 percentage point compared to the previous quarter and a decline of 2.2 percentage points compared to the same quarter of 2025," the report said.The kingdom's net inflow of foreign direct investment for the first quarter of 2026 amounted to 23.1 billion Saudi riyals, a 51.9% drop from the last quarter of 2025. Net outflows decreased to 3.5 billion riyals in the first quarter of 2026, compared with 5.2 billion riyals in the previous quarter.Additionally, the country's consumer confidence index for the first quarter demonstrated stability as the index logged 116 points in January, 113 points in February, and 114 points in March, which was above the neutral level of 100.On the corporate front, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, slashed its monthly prices for liquefied petroleum gas for July. The contract prices were set at $580 per metric tonne for propane and $600 per metric tonne for butane. Aramco shares were flat at closing.Meanwhile, Future Vision for Health Training Co. (SASE:9632) shares ticked up 5.56% as it entered inot a one-year deal for the organization, execution, and marketing of the fourth International Conference on Mass Gatherings and Emergency Medicine 2026.
Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, cut the monthly contract prices for liquefied petroleum gas in July.The state oil giant set its contract prices for propane at $580 per metric tonne and butane at $600 per metric tonne, according to a Tuesday statement.In June, Aramco's prices were $760 per metric tonne for propane and $820 per metric tonne for butane.
A helicopter operated by Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, crashed in Ras Tanura on Sunday, resulting in the death of 14 people on board.An investigation has been initiated by the relevant authorities to identify the reason for the incident, the Saudi Press Agency reported the same day, citing a statement by the Ministry of Energy.Saudi Aramco did not immediately respond to a request for comment from.
Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, restarted crude loading at its Ras Tanura terminal in the Persian Gulf on Friday after a pause of almost four months, Reuters reported on the same day, citing shipping data.The data indicated that two very large crude carriers, each with a 2 million-barrel capacity, controlled by Saudi Arabia's national shipping carrier Bahri, were loading crude at the oil port, with another carrier waiting close by.Saudi Aramco did not immediately respond to' request for comment.
Qassim Cement (SASE:3040) said Thursday that the fuel price adjustments by Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, are estimated to increase the total costs of operations of its Qassim and Hail plants by 3%.The cost hike took effect from Jan. 1, the cement company said, adding that its participation in the Industrial Sector Competitiveness Program helped mitigate the financial impact and improve energy consumption efficiency.
Yanbu Cement (SASE:3060) expects a 4% rise in production cost due to Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco's, adjustment of fuel products prices.The cement maker said that the financial impact was reflected in its first-quarter financial statements, according to a Sunday release. Yanbu Cement added that the impact was mitigated due to its participation in the industrial sector competitiveness program.
The Tadawul All Share Index closed subdued at 0.06% in the green as the signing of the interim peace deal between Iran and the US took the global spotlight on Thursday.Dominating headlines is the signing of the US-Iran Islamabad Memorandum of Understanding. The 14-point deal includes sanction terminations, the reopening of the Strait of Hormuz, and a 60-day extension to its ceasefire to reach and negotiate a final deal.However, Israel's newest attacks on Lebanon caused market jitters as Iran stipulated that Lebanon should be included in its peace deal with the US."However, this sell off has partially reversed overnight following news shortly after the US close that the Presidents of the US and Iran had electronically signed an interim deal to end hostilities, with this MoU coming into effect. The signing had initially been expected on Friday, but Axios reported earlier yesterday that this may be brought forward. According to reports, the 14-point MoU foresees a rapid re-opening of the Strait of Hormuz, with an extendable 60-day period to negotiate a final deal that would cover nuclear issues and broad sanctions relief. The deal also envisages a $300bn fund for the 'reconstruction and economic development' of Iran, though Trump stressed yesterday that the US will not be investing in Iran and that Iran would benefit only if it 'behaves'," Deutsche Bank Research said in a note.In other news, and as expected, the US Federal Reserve kept its interest rates steady for the fourth time in a row, with the interest rates at the 3.50% to 3.75% range.Back at home, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, is reportedly looking into the sale of its sulphur business stake. The state-owned oil giant is said to be aiming to raise $7 billion from the sale. Shares of Aramco closed 0.30% lower.Meanwhile, Specialized Medical Co. (SASE:4019) ticked up 1.05% as its 51%-owned Al-Mukhtas Al-Sehhi Medical unit secured a contract to manage and operate the SABIC Behavioral Care Specialist hospital.
Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, plans to boost its international storage capacity to avoid oil supply disruptions in the future, Reuters reported Thursday, citing Chair Yasir Al-Rumayyan.Speaking at the FII PRIORITY Europe summit, Al-Rumayyan added that the state-owned oil giant is evaluating opportunities to establish larger storage facilities across key global markets.The executive, however, noted the regulatory hurdles the company had previously faced in investing in Europe.
Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, is reportedly contemplating divesting an equity interest in its Sulphur business under an initiative internally known as Project Yellowstone, Reuters reported Wednesday, citing three people familiar with the matter.The Saudi state-owned oil giant tapped banks for the proposal and aims to raise up to $7 billion for the deal. It is part of the company's strategy to reduce costs, boost efficiency, and raise funds by selling its infrastructure assets.Saudi Aramco did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The Tadawul All Share Index ended the week 0.27% higher on Thursday as investors focused on the US' latest inflation print and its effects on the next rate moves of the US Federal Reserve.The US annual inflation rate rose to 4.2% in May, compared with 3.8% in April. Additionally, the core rate also climbed to 2.9% from 2.8% in the prior month."Broadly speaking, while results from the latest CPI report came in a touch softer than consensus expectations, underlying inflation still remains well above the FOMC's 2 percent inflation objective, which will seemingly keep policymakers squarely on the sideline for at least the next several meetings," Daiwa Capital Markets said in a note. "However, with the war's ultimate impact on the economy and interest rates remaining highly uncertain, policymakers will endeavor to be nimble in their approach - especially as a new Fed Chair presides over his first FOMC meeting next week."Also making headlines during the session are the latest attacks made by Iran and the US against each other. Iran, again, struck US bases in the Middle East, while the US targeted air defense sites, communication systems, and military surveillance.Back at home, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, will reportedly ship 12 million barrels of oil to China in July as the country is said to keep its crude oil sales to the Asian nation at record lows. Shares of the oil giant closed at 0.44% higher.Meanwhile, Alinma Bank (SASE:1150) edged up 0.65% as it concluded its 12-month share repurchase program for its employee stock incentives plan. The lender purchased 122.6 million Saudi riyals worth of shares at an average price of 24.51 riyals apiece.
Saudi Arabia's crude oil shipments to China are expected to continue at record lows in July amid higher prices triggered by the Middle East conflict, Reuters reported Thursday, citing unnamed sources.State-run oil group Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, is set to export 12 million barrels of oil to Chinese customers for July loading, the sources told the newswire.Aramco did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The Tadawul All Share Index closed Monday 0.41% in the green as investors await Saudi Arabia's latest GDP growth rate numbers on Tuesday.Aside from the upcoming economic releases, which include China's latest inflation print for May, investors are also focusing on the Middle Eastern conflict.Reuters reported that Israel and Iran launched attacks against each other. The Israeli side struck a petrochemical facility, while the Iranian side launched a retaliatory strike against a similar facility in Israel."Iran targeted Israel with a missile attack yesterday after an Israeli strike in Beirut, while Israel's military has responded with strikes against targets in Iran overnight. The IRGC warned yesterday evening that its actions would mark 'a full week of continuous strikes', but there are also signs that the sides are looking to avoid a full escalation, with Axios reporting Israel strikes were 'relatively limited' in scope and Iranian state media denying that it launched a strike towards a US airbase in Saudi Arabia after a missile alert there," Deutsche Bank Research said in a note.Also affecting sentiment is the decision of OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, to increase crude production by 188,000 barrels per day in July. Saudi Arabia, the de facto leader of the group, will be required to produce 10.4 million barrels per day during the month.Against this backdrop, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, lowered its main crude oil prices for its buyers in North West Europe, Mediterranean, North America, and Asia in July. Aramco shares ticked up 0.59% at closing.Meanwhile, Bank AlJazira (SASE:1020) shares closed 0.70% higher as it disclosed its plans to redeem its tier 1 capital certificates worth $500 million on June 29.
Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, said Monday it will lower certain main crude oil prices in July, compared with June.According to a price list from the Saudi state-owned oil giant, North West Europe and Mediterranean price tags were reduced by $10.Meanwhile, prices of its crude grades for buyers in North America were cut by $2, while those for Asian buyers were lowered by $6.
Gas Arabian Services Co. (SASE:4146) entered into a long-term agreement with oil giant Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, for its in-plant services.The multi-industry engineering services company will provide its mechanical, piping, instrumentation, communication, painting, and civil and structural services, according to a Wednesday release.The six-year contract can be extended for two additional periods of three years each.
Saudi Steel Pipe Co. (SASE:1320) secured a 65 million-Saudi-riyal contract from oil giant Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco.The deal covers delivery of oil and gas steel pipes for up to 12 months, the welded steel pipes manufacturer said Monday.
The Tadawul All Share Index closed 0.29% in the green on Sunday as investors assessed a potential new listing, among other corporate announcements.Saudi Industrial Development Co. (SASE:2130), d/b/a SIDC, gained the most at 9.98% during the session, which resumed after a week-long hiatus for Eid.Gulf Insulation Group, a unit of Advanced Building Industries (SASE:2240), d/b/a Senaat, filed an application with the Saudi Exchange to list its shares on the main market, sending the Saudi builder's stock up 2.49% at closing.Arabian Pipes Co. (SASE:2200) entered into a 62 million-Saudi-riyal contract with Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, to produce and deliver steel pipes to the oil giant for 10 months. The steel tube manufacturer's shares rose 2.32%, while Aramco's shares fell 1.29%.In broader news, Saudi Arabia may reduce oil prices for Asian buyers again in July as the potential for a US-Iran deal to end the war and reopen the Strait of Hormuz weakens demand, Reuters reported, citing a survey of unidentified industry sources. The July official selling price for flagship Arab Light crude could decline to a premium of $7.50 to $12.50 per barrel above the average Dubai and Oman quotes, $3 to $8 a barrel below the June OSP.At the same time, US Defense Secretary Pete Hegseth said on May 30 that the administration is prepared to resume attacks on Iran if Washington and Tehran can not enter an agreement. At the Asian forum for defense leaders Shangri-La Dialogue, Hegseth added the US is "more than capable," with stockpiles "both there and around the globe.""The Middle East has been subject to heightened uncertainty and disruption since end-February, due largely to the Iran war," Fitch Ratings said. "There have been no Middle East issuer downgrades since end-February, but Fitch has placed several ratings on Rating Watch Negative and revised some Outlooks to Negative from Stable, or to Stable from Positive. These actions point to the persistence of significant risks around the war that, if crystallised, could lead to broader rating downgrades."
Arabian Pipes Co. (SASE:2200) entered into a 62 million-Saudi-riyal contract with Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco.Under the agreement, the Saudi-listed steel tube manufacturer will produce and deliver steel pipes to the oil giant for a period of 10 months, according to a Sunday release.
Saudi Aramco Base Oil Co. (SASE:2223), d/b/a Luberef, said Sunday that Chairman Ibrahim Al-Buainain stepped down, effective May 21, due to personal reasons.The Tadawul-listed base oil producer will appoint Yasser Mufti as chairman to complete the current board's term, which ends on Aug. 14, 2027, subject to the general assembly's approval. Mufti serves as the executive vice president of products and customers at Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco.
Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, and US-based industrial automation company Emerson agreed to co-develop corrosion management systems, according to a Wednesday filing.The Saudi oil giant will integrate its intellectual property with Emerson's corrosion wall thickness monitors, wireless connectivity, and real-time data analytics to develop a corrosion management system for its processes and operations.
Showing 21-40 of 82
