![(FILES) This file photo taken on December 12, 2019, shows a view of the sign showing the logo of Saudi Arabia's Stock Exchange Market (Tadawul) bourse in the capital Riyadh. Saudi's stock exchange fell 6.5 percent, shares in oil giant Saudi Aramco dropped below their IPO price for their first time, and other Gulf markets tumbled to multi-year lows at the start of trading after OPEC and its allies failed to clinch a deal over oil production cuts. / AFP / FAYEZ NURELDINE](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/AU2XRGXKWOZZUIFPJSDV36TWAY.jpg?smart=true&auth=3f4d88f78e1d181ceb0d4862a76c1866f6a2d37d51669a2fea0b57c2da61966c&width=400&height=225)
Jabal Omar Development listed on Tadawul stock exchange reported loss for the first quarter amid coronavirus pandemic. AFP
Jabal Omar Development listed on Tadawul stock exchange reported loss for the first quarter amid coronavirus pandemic. AFP
Gulf markets rack up losses of about $400bn in two days
A further $187bn was wiped off the value of Gulf equities on Monday, following a $211bn decline on Sunday