Debt finance

APICORP and NBF sign $ 108 million debt financing facility with Hartree Maritime Partners

RIYAD: Saudi Arabia’s main stock index, TASI, opened on Thursday after a strong four-day performance despite record cases of COVID-19 in the Kingdom.

TASI at 10:20 a.m. KST was 11,959 points and the Nomu parallel market opened 0.2% less at 26,183.

The early morning gains were driven by the Kingdom’s utility provider ACWA Power, which rose 4% amid trading of nearly 600,000 shares.

However, they were limited by declines from some major players, including Al Rajhi Bank, down 0.13%.

ACWA Power has announced the start of operations of the largest independent water desalination plant, Rabigh Three Co. IWP.

Oil giant Saudi Aramco opened flat. Aramco will acquire a 30% stake in Poland’s largest refiner PKN Orlen, he said on Wednesday.

The Gulf’s largest miner, Saudi Arabian Mining Co. or Ma’aden, added 0.8% to SR88.9 ($ 23.7) as it projects carbon neutrality by 2050, the Wednesday said. company president Yasir Al-Rumayyan at a mining conference.

Saudi Public Transportation Co., or SAPTCO, rose more than 4% after winning a 5-year public transport project with the Eastern Province Municipality.

In energy trading, Brent crude stood at $ 84.3 per barrel and US WTI crude oil hit $ 82.2 per barrel at 10:34 a.m. Saudi time.