2011-10-10 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: The Tadawul All Share Index closed 0.61% higher at 6,136.97 points. The Riyadh-based benchmark was mainly lifted by advances in the financial and petrochemical sector. Sabic added half a percent and closed at SR92.25. Saudi Hotels Resort Areas Co. closed up 0.35% at SR28.70. Earlier in the day, Saudi Hotels announced that net profit during the third quarter amounted to SR41.1m as compared to SR32.6m for the same quarter of the previous year with growth of 26.1 and compared to SR35.7m for the previous quarter with growth of 15.1%. "The major reason behind the profit increase is the improvement in the operating results of the most properties," the firm said in a statement posted on the Tadawul website.  

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