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Al-Mamlaka stock hits 52-week high
The stock of Kingdom Holding Company rose by 9.96% to reach 13.58 riyals, marking its highest level in 52 weeks, with around 388,000 shares traded valued at more than 5 million riyals. The stock achieved gains of 23.45% in May, after closing at 11 riyals at the end of April. Meanwhile, the company announced the commencement of operations at the Four Seasons Red Sea Resort on Shourah Island as part of its strategy to strengthen the hospitality and tourism sector in the Kingdom in line with Saudi Arabia's Vision 2030.
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