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Savola Q1 net falls 58pc, misses forecastsSaudi-based Savola Group's first-quarter net profit fell 58 percent it said on Tuesday, blaming higher raw material prices and an increase in expenses, but the company expects earnings to rise next quarter. Net profit for the three mon More… |
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Al Rajhi Capital initiates coverage of HerfyAl Rajhi Capital, the investment banking subsidiary of Saudi Arabia’s Al Rajhi Bank, said it has initiated coverage of Herfy, the only listed fast food company on the Tadawul, with an Overweight rating. Al Rajhi Capital issued an in depth More… |
