Saudi Arab

Saudi Stock Exchange Index Declines After Recent Attacks on Aramco Facilities

The main stock exchanges in Saudi Arabia continued their heavy losses for the second day in a row, after it had been affected by the recent attacks on Aramco facilities in Yanbu.

The Saudi Stock Exchange index declined by 0.3%, due to the decrease in shares of Saudi Telecom Company by 2%, in addition to the decrease in shares of National Commercial Bank by 1.3%, which is the largest bank in the Kingdom.

Saudi Aramco, in the industrial city of Yanbu, was targeted, last Friday, by Yemeni army and committees’ missiles and drones in 3rd Operation of Balanced Deterrence. Yanbu port exports 3 million barrels of oil per day, in addition they targeted an oil export station and a natural gas plant.

Armed Forces Spokesman, Brigadier General Yahya Sare’e, said Friday that, “The third Operation of Balanced Deterrence is a natural and legitimate response to the crimes of aggression, the latest of which was the crime against citizens in Al-Jawf.”

The Armed Forces Spokesman vowed to the Saudi regime with painful strikes if it continues its aggression and siege on our country.

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