Saudi Industrial Development Co. gains on Q1 results
The Saudi Arabian Tadawul All Share Index advanced by 0.28 per cent at 9,530.58 points on Thursday, April 17. SABIC finished insignificantly higher at SAR113.50. Saudi Industrial Development Company edged up by 1.81 per cent to hit SAR21.90. Earlier in the day, the firm said it earned a net income of SAR20 million ($5.4m) in the first three months of this year – a 208 per cent increase year on year. Quarter on quarter, the net profit was 166.67 per cent higher.