-
Bank Ranking
Banks Ratios
Cement Statistics
Cement Ranking
Cement Ratios
Monetary and Economic Statistics
Oil, Gas and Fuel
Macro Economy
Consumer Spending
Inflation
Exports & Imports
Food Prices
Non Food Prices
Construction Materials
Petrochem. Ranking
Petrochem. Ratios
Retail Rankings
Retail Ratios
Grocery Ranking
Grocery Ratios
Top Growth
Dividend History
Taiba says 2020 profits affected by Coronavirus precautionary measures
AI Summary
Taiba Investments Co. said that its main activities were affected by the significant decrease in hotels’ occupancy rates and the temporary closure of shopping malls in Madinah, in line with the government’s precautionary measures to contain the spread of COVID-19 pandemic.
“Profits and revenues for 2020 will consequently be impacted,” Taiba said in a bourse statement on Sunday.
It added that it cannot determine the financial impact at present, noting that it will disclose any further developments in due course.
Taiba also stressed that the temporary closure will not impact its future plans and business activities, considering its strong financial position and the resilience of the Saudi economy.
Comments 2
- Merrill Lynch KSA 'market maker' for 20 TASI, Nomu-listed firms
- Fed meeting in focus: Benchmark rate likely to be kept unchanged
- Alkhorayef Water expects 25% backlog revenue hike in 2025, eyes new market entries: CEO
- Saudi Arabia offers construction tenders for 5 agricultural cities to private sector
- Sipchem CEO: SAMAPCO plant shutdown costs SAR 130M in Q4, market recovery signals seen
Market Indices
Quotes
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments Analysis: