When Does Saudi Arabia's ETF Market Stand on Its Own?
Saturday, May 16,2026,12:46
In February 2026, Saudi Arabia made two moves in four days. On February 1, the CMA abolished the Qualified Foreign Investor regime, removing the asset thresholds that had long restricted foreign access to Tadawul. On February 5, the Saudi Exchange announced an ETF Market Making Framework offering licensed brokerage firms and investment banks a full daily fee waiver across Saudi Exchange, Edaa, Muqassa, and CMA commissions — conditional on meeting defined obligations on spreads, order size, and quoting time. Both measures are designed to make Saudi Arabia's ETF market impossible to ignore. But they are not the same kind of policy. The QFI abolition is a structural reform. It removes a ga... .. read more..
Oil settles higher, WTI 10% posts weekly rise
Saturday, May 16,2026,12:07
Oil prices closed higher on Friday as concerns mounted over renewed military tensions between Washington and Tehran following confrontational remarks from US President Donald Trump and Iranian Foreign Minister Abbas Araghchi. Trump said in press remarks that his patience with Iran was “running out,” adding that he agreed with Chinese President Xi Jinping on the need to prevent Tehran from obtaining a nuclear weapon and to reopen the Strait of Hormuz. Araghchi responded by saying Iran does not trust the United States and is not interested in negotiations unless Washington demonstrates seriousness. Separately, Iran’s Revolutionary Guard said 30 vessels crossed the Strait of Hormuz between... .. read more..
Gold falls at close, posts weekly loss of over 3%
Saturday, May 16,2026,11:33
Gold and silver prices declined at Friday’s close as global sovereign bond yields and the U.S. dollar advanced amid rising inflation concerns linked to the ongoing conflict in the Middle East. Precious metals also came under pressure from the lack of tangible progress on the Iran conflict following US President Donald Trump’s visit to China, alongside tougher rhetoric from both Washington and Tehran. Trump said his patience with Iran was “running out,” while Iran’s foreign minister said Tehran does not trust the United States and is not interested in negotiations unless Washington demonstrates seriousness. Gold, Silver Futures Metal Price ($/oz) Change ($) Change (%) Weekly Performance ... .. read more..
Executive regs for vacant property fees explained
Saturday, May 16,2026,11:20
Saudi Arabia’s Official Gazette published the executive regulations governing vacant property fees, following their recent approval by the Ministry of Municipalities and Housing. The minister will issue any additional instructions required to implement the regulations. The 18-article regulations defines vacant properties as buildings located within urban boundaries that remain unused for extended periods without acceptable reasons, where the lack of utilization affects the availability of adequate supply in the real estate market. Under the regulations, owners of buildings designated as subject to the fee must submit documents and disclosures related to their properties in line with min... .. read more..
Commerce minister imposes direct penalties for late financial filings
Saturday, May 16,2026,11:08
Saudi Arabia’s Minister of Commerce issued a decision imposing direct penalties on companies that fail to file financial statements on time, according to the official gazette. The decision classifies penalties into two categories. The first covers all company types except unlisted joint-stock companies, with fines determined based on capital size and the number of managers. For unlisted joint-stock companies, the fine was set at SAR 15,000 for companies with capital of SAR 5 million or less, rising to SAR 20,000 for companies with capital exceeding SAR 5 million. The decision also sets penalties for small and micro enterprises, as defined under the executive regulations of the Companies... .. read more..
US stocks end lower; Dow Jones loses 540 points
Saturday, May 16,2026,08:34
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US oil rig count rises for third straight week: Baker Hughes
Saturday, May 16,2026,08:18
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PIF’s latest US stock holdings: Q1 2026 snapshot
Saturday, May 16,2026,08:15
Saudi Arabia’s Public Investment Fund ( PIF ) reduced its holdings in US equities to $12 billion in Q1 2026 from $12.95 billion in Q4 2025, according to a US Securities and Exchange Commission (SEC) filing. The fund maintained its holdings in four firms: Lucid Group, Electronic Arts, Uber, and Clarivate. The fund’s fully exited Allurion Technologies, divesting its 1.1 million shares. PIF’s Holdings in US Stocks Company Symbol Q 4 Holdings (mln) Q1 Holdings (mln) Change (mln) Q4 Value ($ mln) Q1 Value ($ mln) Change ($ mln) Lucid Group LCID 177.1 177.1 -- 1871.8 1687.7 (184.1) Electronic Arts EA 24.8 24.8 -- 5069.0 5057.6 (11.4) U ber UBER 72.8 72.8 -- 5951.8 5239.4 (712.4) Allurion Tech... .. read more..
Adnoc’s West-East pipeline to be operational in 2027
Friday, May 15,2026,17:32
The Abu Dhabi energy giant awarded the main contract in February 2024 for the 520-kilometre pipeline which would transport crude from its Jebel Dhanna terminal in Abu Dhabi to the emirate of Fujairah .. read more..
SALIC eyes IPO within three years: CEO
Friday, May 15,2026,14:52
Sulaiman Al-Rumaih, CEO of Saudi Agricultural and Livestock Investment Co. (SALIC) Sulaiman Al-Rumaih, CEO of Saudi Agricultural and Livestock Investment Co. (SALIC), said the company aims to prepare for an initial public offering (IPO) within two to three years, either on the Saudi market or through a dual listing on other exchanges. Speaking to Al Eqtisadiah, Al-Rumaih said SALIC focuses on creating value and strengthening business sustainability, emphasizing that the current objective is not the listing itself, but rather preparing the company operationally and from a governance perspective for a future IPO. He also noted that SALIC’s acquisition of an additional stake in Olam Agri r... .. read more..
Firms submit Saudi Arabia battery storage prequalifications
Friday, May 15,2026,13:04
The Statements of Qualification (SoQ) also cover a group of solar photovoltaic (PV) and wind schemes .. read more..
Amana to build engine maintenance centre in Al-Ain
Friday, May 15,2026,13:04
The Sanad Group's 64,000 square metre GTF engine maintenance, repair and overhaul (MRO) is scheduled for completion in 2028 .. read more..
QatarEnergy allows more time for urea facility expansion bids
Friday, May 15,2026,10:51
The state energy giant plans to ramp up its low-carbon ammonia and urea production capacity in Mesaieed by 6.4 million tonnes a year through this major project .. read more..
Abu Dhabi seeks firms for Mid Island Parkway PPP
Friday, May 15,2026,08:34
Modon Infrastructure is overseeing the project and is expected to issue the request for qualifications soon .. read more..
Sharjah-based developer Arada secures $100m of financing
Friday, May 15,2026,07:08
The five-year Islamic financing facility from FAB and supported by Sace will be used for general corporate purposes and to support development at Arada’s projects .. read more..
Central bank data reveals conflict impact on UAE’s private sector
Friday, May 15,2026,07:08
Declines in private sector deposits were offset by the public sector and government-related entities .. read more..
Oman seeks adviser for gas-fired IPPs
Friday, May 15,2026,07:08
The consultancy contract covers development of up to 2,800MW of new combined-cycle gas turbine (CCGT) capacity .. read more..
Alghanim submits lowest offer for Kuwait oil refinery project
Friday, May 15,2026,06:34
The company submitted a bid of $120m .. read more..
Dana Gas drives on with Iraq field development project
Friday, May 15,2026,06:34
Progress on the Chemchemal scheme is continuing amid heightened security tensions .. read more..
Civil and piping work starts on Iraq field development
Friday, May 15,2026,06:34
The project at the Ratawi field is part of the $27bn Gas Growth Integrated Project .. read more..
Jamjoom Fashion expects market share growth
Thursday, May 14,2026,23:34
Stephen Holbrook Vice Chairman and CEO of Jamjoom Fashion Stephen Holbrook , CEO of Jamjoom Fashion Trading Co., said the company’s e-commerce channel has become its top-performing store, posting nearly 50% growth in the first half. He noted that this strong momentum is expected to continue alongside an increase in the company’s market share. In an interview with Argaam , Holbrook explained that the main reason behind the limited profitability growth during the first half, compared to sales growth, was the timing of investments. Seven out of 11 new stores began operations only in the final weeks of the period, resulting in full operating costs being recognized while contributing only mo... .. read more..
US stocks hit record highs, Dow Jones closes above 50,000
Thursday, May 14,2026,23:32
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Derayah Financial to launch 5-6 new investment funds: CEO
Thursday, May 14,2026,23:16
Mohammed AlShammasi, CEO of Derayah Financial Co. Derayah Financial Co.’s CEO Mohammed AlShammasi said that the company aims to launch between 5 and 6 new investment funds, including a private credit fund for the local market, two cyclical investment funds, and approximately 3 real estate funds. He also noted that noting that Derayah Financial seeks to attract more than SAR 1.5 billion from these funds. In an interview with Al-Ekhbariya TV, AlShammasi said the company is working to launch five new initiatives in the financial brokerage sector, including two initiatives for retail trading in the local market, as well as three initiatives related to institutional clients in local markets.... .. read more..
CMA nods to Maharah’s capital hike via bonus issue
Thursday, May 14,2026,19:04
Logo of Maharah Human Resources Co. (Maharah) The Capital Market Authority ( CMA ) approved Maharah Human Resources Co. ’s request to increase its capital from SAR 475 million to SAR 600 million. In a statement, the authority said the increase will be carried out through the issuance of five bonus share for every 19 shares held. Eligible shareholders are those registered with the Security Depository Center (Edaa) by the end of the second trading day after the record date that will be determined later. The capital increase will be financed by transferring SAR 103.06 million from statutory reserve and SAR 21.9 million from the retained earnings balance, which will increase the number of s... .. read more..
Saleh Al Rashed signs SAR 50M credit facility agreement with Alinma Bank
Thursday, May 14,2026,18:13
Logo of Saleh Abdulaziz Al Rashed and Sons Co. Saleh Abdulaziz Al Rashed and Sons Co. signed today, May 14, a Shariah-compliant banking facility agreement worth SAR 50 million with Alinma Bank . In a statement on Tadawul , the company said the financing, backed by a promissory note as collateral, runs until April 30, 2029. The facility aims to support the company’s operational activities and expansion plans, while strengthening its financial position, supporting working capital, and optimizing cash flows to back business growth in the coming period. The company confirmed that the agreement involved no related parties. .. read more..
CMA greenlights solutions’ 100% capital hike through bonus issue
Thursday, May 14,2026,18:09
Logo of Arabian Internet and Communications Services Co. (solutions) The Capital Market Authority ( CMA ) grantedArabian Internet and Communications Services Co. ( solutions ) the approval to increase its capital from SAR 1.2 billion to SAR 2.4 billion. In a statement today, May 14, the authority said the proposed move will be carried out through the issuance of one bonus share for every one held. Eligible shareholders are those registered with the Security Depository Center (Edaa) by the end of the second trading day after the record date, which will be determined later. The planned capital hike will be financed by transferring SAR 1.2 billion from the retained earnings account, which ... .. read more..
REGA seeks public feedback on draft property, facilities management regs
Thursday, May 14,2026,17:00
Logo ofReal Estate General Authority (REGA) The Real Estate General Authority ( REGA ) announced the publication of draft regulations for real estate property management and real estate facilities management for public consultation via the Istitlaa platform. The draft regulations for real estate facilities management aim to ensure the safe and efficient operation of facilities and technical services in properties, improve the quality of the real estate environment through higher standards of cleanliness, security, maintenance, and safety, and enhance resource efficiency, including energy and water consumption, REGA said. Meanwhile, the draft regulations for real estate property manageme... .. read more..
CMA slaps 15 violators with SAR 10.7M fines
Thursday, May 14,2026,16:37
Logo of Capital Market Authority (CMA) The Capital Market Authority ( CMA ) announced the issuance of the Appeal Committee for the Resolution of Securities Disputes' (ACRSD) two final decisions against 15 individuals for violating Article (49) of the Capital Market Law and Article (2) of the Market Conduct Regulations, as well as convicting one of them for violating Article (31) of the Capital Market Law and Article (5) of the Securities Business Regulations. The total fines imposed exceed SAR 10.7 million, while the convicts and other investors were ordered to pay more than SAR 12 million to disgorge illegal gains realized from these violations, the market regulator said in a statement... .. read more..
BCI sells Jeddah land for SAR 12.8M
Thursday, May 14,2026,16:35
Logo ofBasic Chemical Industries Co. (BCI) Basic Chemical Industries Co. ( BCI ) sold today, May 14, a land plot in Jeddah for a total value of SAR 12.8 million, with no other related parties to the deal. According to a statement to Tadawul , the transaction is part of the company’s periodic review of its asset portfolio and aligns with its operational and strategic plans. BCI said it has received the full value of the transaction and expects the deal to have a positive impact on liquidity and cash flows. The relevant financial impact will be reflected in the company’s results for the related financial period. .. read more..
TASI falls 0.2% to 10,995 pts, turnover at SAR 5.4B
Thursday, May 14,2026,15:31
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Saudi Industrial Production Index rises 5.5% in March 2026
Thursday, May 14,2026,15:00
The Kingdom of Saudi Arabia's flag Saudi Arabia’s Industrial Production Index (IPI) rose 5.5% to 109 points in March 2026 (base year 2023), from 103.2 points in March 2025, the General Authority for Statistics ( GASTAT ) data showed. The growth recorded in the index during March 2026 is the highest year-on-year (YoY) since the authority began collecting the index data in January 2024. The authority stated that this change reflects price movements across the main economic activities included in the index. The authority defined IPI as one of the key economic indicators used to assess economic performance and monitor changes in domestic product prices at the producer level. The index aims ... .. read more..
Abu Dhabi selects Yas Island site for $1.7bn Sphere venue
Thursday, May 14,2026,14:45
Construction is expected to be completed by the end of 2029 .. read more..
Abu Dhabi joins BlackRock and Temasek for $30bn of infrastructure
Thursday, May 14,2026,12:32
L’imad and Adnoc with Global Infrastructure Partners and Temasek will target $30bn of investments across the GCC and Central Asia .. read more..
Consortiums prepare bids for Al-Khairan phase one IWPP
Thursday, May 14,2026,12:32
The project will add 1.8GW of power and 150,000 cubic metres a day of desalinated water capacity .. read more..
Argaam Connect links investors with new opportunities
Thursday, May 14,2026,11:30
Argaam Connect sessions, held on the sidelines of Argaam Summit 2026, bringing together investors and executives from high-growth Saudi companies. Argaam Connect , launched as part of the second edition of the Argaam Summit 2026, aimed to bridge economic discussions with real investment opportunities by helping investors turn the summit’s insights into actions through exposure to promising opportunities in the Saudi market. In line with the summit’s focus on corporate growth and capital market deepening, Argaam Connect showcased quality opportunities in several companies listed on Saudi Arabia’s Nomu- Parallel Market. The event gave Argaam Plus subscribers an opportunity to directly eng... .. read more..
TASI sees 30 negotiated deals worth SAR 218.7M
Thursday, May 14,2026,11:12
Tadawul trading screen The Saudi Exchange ( Tadawul ) witnessed today, May 14, as many as 30 negotiated deals worth SAR 218.7 million, as follows: Details Company Stock Price (SAR) Negotiated Price (SAR) Shares Traded Deal Value (SAR mln) Al Rajhi Bank 66.40 66.45 500,000 33.23 269,632 17.92 SAB 33.96 33.94 669,615 22.73 Saudi Aramco 27.86 27.80 706 , 229 19.63 27.84 349,184 9.72 27.80 206 , 318 5.74 Bupa Arabia 173.40 174.90 50,000 8.75 173.00 20 , 000 3.46 Maaden 64.65 64.75 116100 7.52 64.35 100,000 6.44 99,539 6.41 SABIC AN 144.20 144.30 50,000 7.22 143.00 50 , 000 7.15 Bank Albilad 24.47 24.48 280,500 6.87 Saudi Steel Pipe 55.20 55.25 105,000 5.80 Jabal Omar 14.82 14.68 410 , 067 6... .. read more..
Argaam honors financial institutions, investment funds at awards ceremony
Thursday, May 14,2026,11:00
Argaam Recognition Awards 2025: Winners revealed Argaam announced the winners of the Argaam Recognition Awards 2025 , reinforcing the awards’ position as a leading benchmark for excellence in Saudi Arabia’s financial sector since their launch in 2017. Top-Performing Mutual Funds Honored Under the mutual funds category, which aims to encourage fund managers to deliver strong and consistent performance, the Top-Performing Fund Award (Tier 1) — designated for funds with AUM exceeding SAR100 million — was awarded to ANB Capital Fund managed by ANB Capital . The Top-Performing Fund Award (Tier 2), designated for funds managing less than SAR100 million in AUM, went to Saudi Financial Institut... .. read more..
Contractors win three Cairo-Alexandria rail packages
Thursday, May 14,2026,10:45
The three contracts have a combined value of $666.7m and are backed by the World Bank .. read more..
Aldar signs PPP deal for Abu Dhabi communities
Thursday, May 14,2026,10:45
The agreement covers five different developments across Abu Dhabi .. read more..
Who wins Argaam’s Top CEO Awards 2025?
Thursday, May 14,2026,10:30
Chief Executives of leading Saudi companies honored during the Top CEO 2025 Awards ceremony at Argaam Summit 2026. Argaam organized a special ceremony to present the second edition of the Top CEO Awards 2025 during the Argaam Summit , attended by senior financial sector leaders and executives from listed companies. The event celebrated executives who made a significant track record in their companies, as the award aims to promote institutional excellence and strengthen transparency and governance standards in the Saudi stock market. Abedraboh Zidan, Chief Financial Data Officer at Argaamand Chairman of the Judging Panel Abedrabo Zidan, Chief Financial Data Officer at Argaamand Chairman ... .. read more..
Almarai wins Argaam’s Decade Impact Award
Thursday, May 14,2026,10:15
Islam Zween, CEO of Argaam, presents the Decade Impact Award to Fawaz Al-Jasser, CEO of Almarai, at Argaam Summit 2026. Almarai Co. received Argaam ’s Decade Impact Award in recognition of the pivotal role it has played in fostering the Saudi economy over the past decade. The award also recognized the company’s success in building a best-in-class operating and production model that strengthened its position as a leading economic force. The judging panel said the selection was based on a set of rigorous criteria reflecting the company’s industry leadership, including: · Sector leadership: Almarai’s role as a key driver of industry growth and development. · Operational excellence and gove... .. read more..
Argaam Summit: Next phase centers on economic impact
Thursday, May 14,2026,10:00
Argaam CEO Islam Zween is delivering a keynote speech, presenting the Argaam Intelligence 10×10 report analytical framework. The second edition of the Argaam Summit 2026 concluded last Tuesday, bringing together CEOs of leading companies, market and sector specialists, investors, and policymakers to discuss Saudi Arabia’s economic transformation a decade after the launch of Vision 2030. The summit was anchored by Argaam Intelligence ’s “10×10” report , which analyzed the evolution of 10 Saudi sectors over the past decade through the lenses of productivity, asset efficiency, demand transformation, and the depth of value creation within the domestic economy. The event opened with remarks ... .. read more..
Riyadh Development OGM OKs 2.5% dividend for H2 2025
Thursday, May 14,2026,09:27
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Amlak shareholders approve 5% dividend for 2025
Thursday, May 14,2026,09:23
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Saudi Chemical shareholders approve 10% cash dividend for 2025
Thursday, May 14,2026,09:09
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Horizon Educational awards SAR 21.1M contract to Tatweer
Thursday, May 14,2026,09:05
Logo of Horizon Educational Co. Horizon Educational Co. said it received a lease contract award notice from Tatweer Buildings Co. ( TBC ) for a site in Al Suwaidi district in Riyadh to invest in establishing and operating an educational complex under the name Horizon International Schools, with an annual rental value of SAR 739,000. According to a statement to Tadawul , the annual rent will increase by 10% every five contractual years, with the total rental value over the contract term reaching SAR 21.08 million, excluding VAT. The company added that it will lease a 6,188.59 square meter plot in Al Suwaidi district to establish and operate the educational complex for a period of 25 year... .. read more..
Saudi Fisheries wins Omani court ruling for SAR 1.6M payment
Thursday, May 14,2026,09:02
Logo ofSaudi Fisheries Co. (SFC) Saudi Fisheries Co. ( SFC )announced that a primary court of Muscat Governorate ordered Ocean Fish Co. to pay SAR 1.6 million in favor of the company, after the defendant failed to meet its obligations under a fish trading agreement. In a statement to Tadawul , the company said the court issued a final verdict on May 10, ordering the defendant to pay SAR 1.6 million, along with SAR 30,000 in damages and SAR 3,000 in legal fees. SFC had paid an advance to Ocean Fish under an agreement to buy and sell fish, with profits to be calculated and transferred to it. However, Ocean Fish failed to fulfill its obligations. The company resorted to legal action after ... .. read more..
US sells 30-year debt at highest yield since 2007
Thursday, May 14,2026,09:01
The United States sold long-term debt at the highest borrowing cost since 2007, with investors securing yields above 5% in a Treasury auction for 30-year bonds amid expectations of rising inflationary pressures. At an auction held on Wednesday, the US Treasury sold $25 billion in 30-year bonds at a high yield of 5.046%. The bonds had traded in the secondary market at yields below the auction’s stop-out level ahead of the sale, signaling moderate demand. The result followed weaker-than-expected demand at earlier auctions this week for 3-year and 10-year Treasuries. Soft demand for Treasuries reflects expectations that the Federal Reserve may keep interest rates higher for longer — and co... .. read more..
Arab Sea accumulated losses reach 21.45% of capital
Thursday, May 14,2026,08:37
The company attributed the losses mainly to subsidiaries and credit-loss provisions. Arab Sea Information Systems Co. said its accumulated losses reached 21.45% of its SAR 100 million capital, amounting to SAR 21.45 million, as per annual financial statements for Q1 2026, according to a statement to Tadawul . The company said its subsidiaries incurred SAR 33.61 million in losses, including incorporation expenses and an impairment provision for intangible assets, in addition to provisions for expected credit losses of SAR 29.03 million. The procedures and instructions applicable to companies listed on the Saudi Exchange whose accumulated losses reach 20% or more of their capital will app... .. read more..
Riyadh-based contractor plans IPO
Thursday, May 14,2026,08:00
Mutlaq Al-Ghowairi Contracting Company plans to float 30% of its issued share capital .. read more..