SAB, ANB see two negotiated deals worth SAR 14M
Monday, July 14,2025,12:03
Tadawul trading screen The Saudi Exchange ( Tadawul ) saw two negotiated deals today, July 14, on Arab National Bank ( ANB ) andSaudi Awwal Bank ( SAB ) worth SAR 14 million. Details Company StockPrice (SAR) Negotiated Price (SAR) Shares Traded Value (SAR mln) SAB 33.60 33.64 250 , 000 8.41 ANB 21.39 21.30 262 , 189 5.58 For more details on negotiated deals A negotiated deal involves a stock purchase based on a bargain between buyers and sellers, apart from the market price. The negotiated dealis executedunder the control of Tadawul and Capital Market relevant laws and regulations. The negotiated deal does not directly impact the last deal price,highest/loweststock price, opening/closi... .. read more..
Non-institutional foreign ownership ex-Aramco rises to 10.27%
Monday, July 14,2025,11:30
Tadawul trading screen Non-institutional foreign investors increased their ownership in Tadawul-listed equities, excluding Saudi Aramco , from 10.24% to 10.27%, or SAR 335.5 billion in the week ended July 10, market data showed. The ownership of non-institutional foreign investors is represented by swap holders, residents, and qualified foreign investors (QFIs). GCC investors' ownership in Saudi equities, excluding Saudi Aramco, remained unchanged at 2.16% (SAR 70.69 billion) of total market cap by the end of the same week. Foreign investors’ ownership in Saudi equities, including strategic partners and excluding Saudi Aramco, increased from 11.77% to 11.78% (SAR 384.9 billion) of the t... .. read more..
TASI: 3 stocks scale 52-week highs
Monday, July 14,2025,11:00
Tadawul trading screen Shares of three Tadawul -listed firms, including Fawaz Abdulaziz Alhokair Co. ( Cenomi Retail ), SHL Finance Co. , and Morabaha Marina Financing Co.’s ( MRNA ) hit their highest levels in 52 weeks today, July 14, data compiled by Argaam showed. Stocks at 52-week highs Company Price (SAR)* Performance in 52 weeks Cenomi Retail 33.88 322% SHL 22.86 49% MRNA 12.44 16% *The highest price during the session, but not the current trading price. For stock prices and market data .. read more..
SACO cancels SAR 50M unused facilities from SAB
Monday, July 14,2025,10:50
Logo of Saudi Company for Hardware (SACO) Saudi Company for Hardware ( SACO ) cancelled, on July 13, the banking facility agreement signed with Saudi Awwal Bank ( SAB ), due to non-utilization of the facility. According to a statement to Tadawul , the guarantees provided, a SAR 50 million promissory note and a mortgage on the company’s warehouse in Riyadh, were released. For more news on listed companies The cancellation will have no financial impact, the statement added. In December 2024, SACO obtained credit facilities worth SAR 50 million from SAB, aimed at refinancing letters of credit, Argaam data showed. .. read more..
Tharwah cancels 200,000 share buyback plan, recommends 10% capital hike
Monday, July 14,2025,10:42
Logo ofAltharwah Albashariyyah Co. (Tharwah) Altharwah Albashariyyah Co.'s ( Tharwah ) board of directors decided to cancel a previous recommendation to buy back 200,000 shares, or4.25% ofthecompany's capital, toretain as treasury shares, according to a Tadawul statement. The decision was due to circumstances related to the recommendation and as part of the company’s commitment to comply with the applicable regulatory requirements. For more news on listed companies In a separate statement, the company said the board recommended increasing capital by 10% from SAR 23.53 million to SAR 25.88 million. In a separate statement, the company said the board proposed increasing capital by 10% fro... .. read more..
Saudi Lime Industries goes ex-bonus today
Monday, July 14,2025,10:13
Logo ofSaudi Lime Industries Co. Shares of Saudi Lime Industries Co. will go ex-bonus today, Jul. 14, if the ordinary general meeting is convened. Track the key dates calendar The company’s board of directors recommended a 5% capital increase from SAR 220 million to SAR 231 million through a 1-for-20 bonus share distribution, by capitalizing SAR 11 million from the retained earnings account. The capital raise aims at maintaining the company's growth, expanding operations, and strengthening its financial position. .. read more..
Penspen to expand oil and gas workforce in Neutral Zone
Monday, July 14,2025,09:19
The Neutral Zone is a territory shared by Saudi Arabia and Kuwait .. read more..
August deadline for Diriyah Pendry Superblock package
Monday, July 14,2025,09:19
Pendry Superblock is part of the northwestern district in the DG2 area of Diriyah .. read more..
Eni signs $1.35bn Algerian oil and gas deal
Monday, July 14,2025,09:19
The agreement is the latest in a string of key deals in Algeria's energy sector .. read more..
Saudi Arabia signs deals for $8.3bn of renewables projects
Monday, July 14,2025,09:19
The five solar and two wind projects will have a total capacity of 15,000MW .. read more..
DP World signs $800m Syria port agreement
Monday, July 14,2025,09:19
DP World will develop, manage and operate a multi-purpose terminal in Tartous under a 30-year concession agreement .. read more..
Aces wins Hafeet rail project subcontract
Monday, July 14,2025,09:19
The construction works on the civil works packages are currently ongoing .. read more..
Advanced starts operations at propylene, PP plants
Monday, July 14,2025,09:14
Advanced Petrochemical Co. headquarters Advanced Petrochemical Co. completed the construction and started operations at Propane Dehydrogenation plant (Propylene Plant), which has a designed production capacity of 843,000 tons of propylene per year. The petrochemicals producer also started operations at two Polypropylene (PP) Plants, with a combined designed capacity of 800,000 tons annually, according to a statement to Tadawul . For more news on listed companies The plants, operated through Advanced Polyolefins Industry Co. (Advanced Polyolefins), are located in Jubail Industrial City. Advanced noted that the financial impact of Advanced Polyolefins will be shown in its consolidated fin... .. read more..
Arabian Cement to transfer SAR 595M to retained earnings
Monday, July 14,2025,09:10
Logo of Arabian Cement Co. Arabian Cement Co. ’s shareholders approved transferring the statutory reserve amounting to SAR 500 million, as ofDec. 31,2024, to retained earnings, during the extraordinary general meeting (EGM) held on July 13, according to a statement to Tadawul . In addition, the entire general reserveofSAR 95 millionwill be also transferred toretained earnings. For more news on listed companies An employee stock incentive program (ESIP) has been established, and the board was authorized to determine the terms of the program, including the allocation price for each share offered to employees, if offered for consideration. Moreover, shareholders approved he buyback of up t... .. read more..
Al-Baha receives amended commercial register with new name ’Saudi Darb’
Monday, July 14,2025,09:03
Logo of Saudi Darb Investment Co. Al-Baha Investment and Development Co. received the amended commercial register with new name— Saudi Darb Investment Co. In a statement to Tadawul , the company said that the procedures related to the trademark are currently being finalized. For more news on listed companies According to data available on Argaam , the company’s shareholders approved, in April, renaming the company to Saudi Darb Investment Co. .. read more..
Arabian Drilling extends contract with KJO for 3 years
Monday, July 14,2025,08:56
An ADC offshore rig Arabian Drilling Co. announced on July 13 the extension of an offshore drilling contract with Khafji Joint Operations Co. (KJO) for an additional three years. According to a statement on Tadawul , the extension is projected to add an estimated total value of 8-12% of the company’s 2024 revenues to its future business portfolio. For more news on listed companies Arabian Drilling stated that the extension, which directly follows the existing contract, takes effect starting today, July 14. As of March 31, 2025, the company had 19 drilling rigs in its fleet with contracts set to expire during the year. Out of these, six contracts are renewed, and negotiations are ongoing... .. read more..
ACWA Power inks PPAs for 7 solar, wind power projects
Monday, July 14,2025,08:54
ACWA Power wind turbine ACWA Power Co. signed power purchase agreements (PPAs) with the Saudi Power Procurement Co. (Principal Buyer) for two large-scale wind power plants in Saudi Arabia. These agreements were signed by Starah First Renewable Energy Co. and Shaqra First Renewable Energy Co. The project companies are jointly owned by ACWA Power 35.1%, Water and Electricity Holding Co. (Badeel) (34.9%), and Saudi Aramco Power Co. (30%), according to a statement to Tadawul . For more news and details on the projects The total value of the two wind projects is estimated at SAR 8.6 billion, covering the development, financing, construction, ownership, and operation. Each project will have a... .. read more..
Bitcoin tops $120,000 mark for first time in history
Monday, July 14,2025,08:32
Bitcoin Bitcoin recorded a new all-time high on July 13, crossing the $120,000 mark for the first time ever, in a sign of growing investor confidence and increasing capital inflows into the world’s largest cryptocurrency. The rally comes amid mounting expectations of long-awaited political gains for the digital asset industry this week. The US House of Representatives is set to begin discussions today, July 14, on a series of bills aimed at establishing a regulatory framework for the digital asset space, a key demand by companies and investors operating in the sector. The move has resonated with President Donald Trump, who has described himself as the “crypto president,” urging policyma... .. read more..
Tadawul’s weekly market cap inches up 0.76% last week
Sunday, July 13,2025,23:19
Tadawul trading screen The market capitalization of the Saudi Exchange (Tadawul) grew 0.76%, or SAR 70.3 billion, week-on-week to about SAR 9.32 trillion in the week ended July 10, according to data issued byTadawul. Foreign investors' ownership accounted for 4.54% of the total market capital for the same week. .. read more..
FSDP issues 2024 annual report
Sunday, July 13,2025,22:12
Mohammed Al-Jadaan, Minister of Finance The Financial Sector Development Program (FSDP) issued its 2024 annual report, highlighting its achievements over the past year and its future objectives within the framework of Saudi Vision 2030. The report outlines key projects and initiatives implemented to support the development of the financial sector and bolster economic growth. In a statement marking the report’s release, Minister of Finance and Chairman of FSDP Committee Mohammed Al-Jadaan, in a statement said, the program is proceeding successfully, in line with Saudi Vision 2030. It contributes to the building of a robust economic future that strengthens the Kingdom’s regional and globa... .. read more..
PIF’s THC inks SAR 600M Islamic facility deal with ANB
Sunday, July 13,2025,21:22
Logo ofThe Helicopter Co. The Helicopter Co. ( THC ), a wholly-owned subsidiary of the Public Investment Fund ( PIF ) and the largest commercial helicopter operator in Saudi Arabia, signed a SAR 600 million Islamic credit facility agreement with Arab National Bank ( ANB ). The financing represents a major boost to the company’s loan structure through a long repayment period of eight years, supporting its ambitions to meet changing needs, enhance its flexibility to capitalize on strategic growth opportunities, and enable it to expand into other markets and services, the company said, in a statement. It added that the financing allows it to solidify its operational strength and effectivel... .. read more..
QFIs net buyers of SAR 831.5M stocks last week
Sunday, July 13,2025,20:00
Tadawul trading screen Qualified foreign investors (QFIs) were net buyers of SAR 831.5 million worth of stocks on the Saudi Exchange (Tadawul) in the week ended July 10, according to recent data issued by Tadawul . Meanwhile, Saudi mutual funds and corporates were net sellers of shares worth SAR 830.3 billion and SAR 212 million, respectively. Traded Value by Nationality Investor Type (SAR mln) Investor Type Total Buys Total Sells Net Investment Saudi Investors Retail 8687.42 8640.73 46.70 High-Net-Worth Investors 4494.43 4600.94 (106.50) Individual Professional Investors 653.53 579.51 74.02 Individual DPMs 299.44 291.68 7.76 Total (Retail) 14134.83 14112.85 21.98 Corporates 786.80 998.... .. read more..
Saudi Arabia signs PPAs for 7 renewable projects worth SAR 31B
Sunday, July 13,2025,18:52
Logo ofSaudi Power Procurement Co. (SPPC) Saudi Power Procurement Co. (SPPC) signed power purchase agreements (PPA) for seven solar and wind projects with a total capacity of 15,000 megawatts (MW) and investments reaching SAR 31 billion ($8.3 billion), according to the Saudi Press Agency (SPA). The signing took place in the presence of Minister of Energy and Renewable Resources Prince Abdulaziz bin Salman, who also chairs SPPC’s board, under the National Renewable Energy Program managed by the Ministry of Energy. The agreements were awarded to a consortium led by ACWA Power Co., alongside Water and Electricity Holding Co. (Badeel), a Public Investment Fund (PIF) subsidiary, and Aramco E... .. read more..
MODON, Moscow tie-up to support entrepreneurs in industrial innovation: CEO
Sunday, July 13,2025,18:26
Majid Al-Argoubi,CEO ofSaudi Authority for Industrial Cities and Technology Zones (MODON) The partnership between the Saudi Authority for Industrial Cities and Technology Zones (MODON) and Moscow will contribute to the exchange of expertise in business models, research and manufacturing, and the creation of industrial opportunities, said CEO Majid Al-Argoubi. In an interview with Argaam , on the sidelines of signing an agreement with the Department of Entrepreneurship and Innovation Support in the Moscow government, the top executive indicated that the partnership aims to support entrepreneurs in the fields of industrial innovation and product development, as well and in the exchange of... .. read more..
First Mills says subsidy policy remains intact
Sunday, July 13,2025,16:44
Logo of First Milling Co. First Milling Co. ( First Mills ) received no official notice from the General Food Security Authority (GFSA) on a pricing policy change, therefore the current subsidy policy remains intact until today, July 13. In a Tadawul statement, the company reaffirmed its commitment to the objectives of National Food Security Policy by providing high-quality products and maintaining sufficient production capacity. For more news on listed companies It also hailed the GFSA’s continued support, which helps serve citizens and ensure food security in the Kingdom. On Nov. 30, 2020, First Mills had signed a wheat supply deal with the authority, formerly known as the Saudi Grain... .. read more..
IHR: SAR 53.9M project with Elm awarded under framework agreement
Sunday, July 13,2025,16:41
Logo ofInternational Human Resources Co. (IHR) International Human Resources Co. ( IHR )confirmed that the award of the SAR 53.9 million project from Elm Co. came as a result of receiving a purchase order from the customer (the latter), pursuant to a framework agreement signed between the two sides on May 6, 2024. In a statement to Tadawul , the company clarified that it has a framework agreement signed with Elm Co. on May 6, 2024 to provide human resources, which expires on May 5, 2025. For more news on listed companies The agreement is automatically renewed unless either party notifies the other party of its unwillingness to renew. Thus, in the absence of any notification issued by ei... .. read more..
Seera appoints SNB Capital as financial advisor on planned capital cut
Sunday, July 13,2025,16:24
Logo ofSeera Group Holding Seera Holding Group decided today, July 13, to appoint SNB Capital as financial advisor on its planned capital reduction. In a Tadawul statement, the company said it will announce the submission of the capital cut file to the Capital Market Authority ( CMA ) when done and will provide updates as they arise. For more news on listed companies According to data available with Argaam , last June, Seera’s board recommended reducing capital by 8.65% from SAR 3 billion to SAR 2.74 billion due to surplus capital. .. read more..
Nama Chemicals accumulated losses reach 47.62% of capital
Sunday, July 13,2025,16:16
Logo ofNama Chemicals Co. Nama Chemicals Co. ’s accumulated losses reached 47.62% of its SAR 235.2 million capital, based on the unaudited financial results for the period ending June 30, 2025, which were closed on July 9. In a statement to Tadawul , the company said accumulated losses amounted to SAR 111.99 million as of June 30, 2025. For more news on listed companies These losses were attributed to the delayed arrival of raw materials and limited working capital financing sources, which weighed on operational efficiency. This is in addition to the temporary production halt at the company’s factories for scheduled periodic maintenance in April 2025. However, production gradually resum... .. read more..
9,991 operating plants in KSA by Q4 2024-end
Sunday, July 13,2025,16:12
A production line As many as 9,991 factories were up and running in Saudi Arabia by the end of Q4 2024, employing around 980,000 workers and attracting more than SAR 966 billion in total investments, according to the Ministry of Industry and Mineral Resources’ annual report. The factories comprised domestic, foreign, and joint ventures (JVs), with JVs dominating at 94% of total investments, equivalent to SAR 956.6 billion in capital, according to the breakdown provided in the table below: Operating Factories by Investment Type Investment Type No. of Factories Workforce (‘000) Capital (SAR bln) Joint 9,352 940.90 956.64 Domestic 574 33.61 8.95 Foreign 65 5.03 0.54 Total 9,991 979.55 966.... .. read more..
Jadwa Investment expects non-oil GDP to grow 4.3% in 2025
Sunday, July 13,2025,15:55
The Kingdom of Saudi Arabia's flag Jadwa Investment expects Saudi Arabia’s real non-oil GDP to grow by 4.3% in 2025, supported by strong domestic demand, robust credit growth, and ongoing efforts to diversify the economy across various sectors. In a report, the advisory firm also projected that the Kingdom's crude oil production would rise by 5.5% to an average of 9.45 million barrels per day (bpd) in 2025, compared to an average of 9 million barrels per day in 2024. In addition, Brent crude prices are expected to average $67 per barrel in 2025, a 16% decline from the 2024 average, and $65 per barrel in 2026, citing global supply outpacing demand. Jadwa noted that oil prices remain the ... .. read more..
TASI falls 0.2% to 11,253 pts, turnover at SAR 4B
Sunday, July 13,2025,15:26
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Al Rajhi Bank contributes 41% of retail housing loans: Chairman
Sunday, July 13,2025,14:34
Abdullah bin Sulaiman Al Rajhi, Chairman of the Board of Directors of alrajhi bank Al Rajhi Bank ’s share in housing loans for individuals currently stands at 41%, said Chairman Abdullah Al Rajhi . He told Al-Arabiya TV that this percentage was achieved by focusing on the retail segment and paying special attention to this product. Any product provided by the bank must be in line with its liquidity and the management of its overall balance sheet, he further noted. The bank is particularly interested in the SMEs segment, said Al Rajhi, adding that the SMEs financing portfolio amounts to SAR 40 billion currently, compared to nearly SAR 10 billion in 2020. He indicated that fintech firms a... .. read more..
Saudi Arabia tops global tourism revenues growth in Q1 2025
Sunday, July 13,2025,14:16
Saudi Arabia ranked first globally in international tourism revenue growth during the first quarter of 2025, compared to the same period in 2019, according to the May 2025 edition of the UN World Tourism Organization’s Tourism Barometer. According to the report, Saudi Arabia ranked third globally in terms of the growth in the number of international tourists during Q1 2025, compared to Q1 2019. It also ranked second in the Middle East for the same period. The Kingdom recorded a 102% growth in the number of international tourists during Q1 2025, compared to the same period in 2019, far surpassing the global average growth rate of 3% and the Middle East’s average growth of 44%. This perfo... .. read more..
TASI: 4 stocks jump to 52-week highs
Sunday, July 13,2025,11:45
Tadawul trading screen Shares of four Tadawul -listed stocks, including Fawaz Abdulaziz Alhokair Co. ( Cenomi Retail ) and SHL Finance Co. , hit their highest levels in 52 weeks today, July 13, data compiled by Argaam showed. Stocks at 52-week highs Company Price (SAR)* Performance in 52 weeks Cenomi Retail 33.20 315% SHL 21.26 41% SIDC 33.14 30% MRNA 12.20 14% *The highest price during the session, but not the current trading price For stock prices and market data .. read more..
Tasama unveiled to boost Saudi Arabia’s business services
Sunday, July 13,2025,10:58
Logo ofTasama Business Services Co. (Tasama) The Public Investment Fund ( PIF ) launched Tasama Business Services Co. (Tasama), a wholly owned subsidiary, to strengthen theintegratedbusiness ecosystem and drive further economic growth in both the public and private sectors. The launch comes through the merger of Business Incubators and Accelerators Co. (BIAC), formerly owned by the Saudi Technology Development and Investment Co.(TAQNIA), a PIF portfolio company and the PIF’s Shared Services Center. The merger aims to establish a leading national leader by providing end-to-end business services. Tasama will offer a comprehensive range of business services aimed at enhancing operational e... .. read more..
Fitch affirms Tawuniya ‘A’ credit rating, ‘positive’ outlook
Sunday, July 13,2025,09:20
Logo of The Company for Cooperative Insurance (Tawuniya) Fitch Ratings affirmed The Company for Cooperative Insurance's ( Tawuniya ) Insurer Financial Strength (IFS) rating at “A” with a “positive” outlook. For more news on listed companies In a statement to Tadawul , the insurer said that the rating reflects its strong financial position, as well as the diversity of its services and products. Tawuniya said the rating confirms its continued commitment to financial strength, sustainable growth, and leadership in the Saudi insurance market, the statement added. .. read more..
Sports Club retail IPO 533.6% covered; 10 shares/subscriber
Sunday, July 13,2025,09:15
Logo ofSport Clubs Co. Sport Clubs Co. successfullycompleted its retail offering to list shareson the Main Market (TASI), Banque Saudi Fransi ( BSF ), the lead manager, financial advisor, bookrunner and underwriter, said in a statement to Tadawul . For More IPOs The retail investor subscription period, which lasted for one day, saw participation from 259,690 investors at the final offer price of SAR 7.5 per share. Totalorders placed by retail investors reached approximately SAR 247.7million, resulting in an oversubscription rate of 533.6%. A minimum of 10 shares was allocated to each investor in the retail tranche, while the remaining shares were allocated on a pro-rata basis, based on ... .. read more..
AICTEC spins off technical projects unit into LLC
Sunday, July 13,2025,09:15
Logo ofdvance International Company for Communication and Information Technology (AICTEC) Advance International Co. for Communication and Information Technology ( AICTEC ) converted its branch, Nabah Technology Co., into a 100% wholly owned single-member limited liability company (LLC). This step comes as part of the company's plan to restructure its operational segments, primarily focusing on its core activities, according to a statement to Tadawul . For more news on listed companies The newly formed company will execute all technical project operations. The change will not have any material financial impact on the company’s financial statements. The procedure has been completed, and t... .. read more..
Inspection period for Azm's transition document ends tomorrow
Sunday, July 13,2025,09:09
Logo ofSaudi Azm for Communications and Information Technology Co. Saudi Azm for Communication and Information Technology Co. said that Monday, July 14, 2025, will be the final day of the public viewing period for the company's transition document related to its move from the Nomu -Parallel Market to the Main Market (TASI), according to a statement to Tadawul . For more news on listed companies A trading halt will be placed on its shares on Tuesday, July 15, for a period not exceeding five trading days, during which the procedures for transitioning to TASI will commence. In June, Saudi Tadawul approved the company’s request to move from Nomu to TASI. The company’s capital stands at SAR ... .. read more..
Leejam opens new fitness center for ladies in Riyadh
Sunday, July 13,2025,08:57
Logo ofLeejam Sports Co. Leejam Sports Co. announced the opening of a new fitness center for ladies in Riyadh, on July 12, according to a statement on Tadawul . The center, located in Imam Abdullah Ibn Saud Ibn Abdulaziz road in the Ishbiliyah district of Riyadh, will operate under the “Fitness Time – Ladies” brand. For more news on listed companies It will offer all the services and facilities associated with the brand, featuring high-spec fitness equipment and the latest gym designs. The relevant financial impact will appear as of Q3 2025. This is the 208th branch under the Fitness Time brands and the 228th for the group overall. Leejam will announce further openings in the coming wee... .. read more..
Almoosa awards SAR 192M contract for initial works of Al-Hofuf hospital
Sunday, July 13,2025,08:52
One of Almoosa Health Co. hospitals Almoosa Health Co. signed, on July 10, a SAR 192 million contract with MASAH Specialized Construction Co. to carry out preliminary construction and foundation work for Almoosa Specialist Hospital project in Al-Hofuf. The contract also includes the construction of the concrete structure, the company said in a statement to Tadawul . For more news and details on the projects The work scope of the 14-month contract includes all tasks outlined in these phases as per the approved designs and technical specifications. Excavation and site leveling works have been completed. The contract’s execution will commence immediately in line with the approved project s... .. read more..
iOud board approves rebranding
Sunday, July 13,2025,08:46
Logo ofIntelligent Oud Company for Trading (iOud) Intelligent Oud Company for Trading’s ( iOud ) board of directors approved the CEO’s proposal to rebrand the company, according to a statement to Tadawul . For more news on listed companies The rebranding initiative aims to better reflect the company’s diverse scope of operations and support its growth strategy. The proposal will be submitted to the board for final approval, the statement said. The company expects to complete the study and secure approval within a maximum of two weeks from the date of this announcement. The proposed new name will be announced upon completion of the relevant procedures, the statement said. An extraordinar... .. read more..
ACWA Power rights trading ends today
Sunday, July 13,2025,08:41
Logo ofACWA Power The rightstrading periodfor ACWA Power ends today, July 13, which will increase its capital from SAR 7.33 billion to SAR 7.66 billion. The subscription and rights trading period began on July 6, while the subscription period will continue until July 16. Rightholders are entitled to subscribe, fully or partially, to the new shares within the limit of the rights held in their portfolios. For More IPOs Capital increase details Current capital SAR 7.32 bln Number of shares 732.56 mln Increase percentage 4.63% Capital after increase SAR 7.66 bln Number of shares after increase 766.49 mln Key information on rights issue Number of shares offered 33.93 mln Offering price SAR 2... .. read more..
GCC population grows to 61.2M by end-2024
Saturday, July 12,2025,22:54
The population of the GCC countries reached 61.2 million by the end of 2024, an increase of over 2.1 million compared to 2023, marking a 3.6% growth, according to the latest statistics released by the GCC Statistical Center. The data, released in conjunction with World Population Day on July 11, also indicated a swift population recovery in the GCC following the impact of the COVID-19 pandemic. Since 2021, the region’s population has grown by approximately 7.6 million, or 14.2%, reflecting a rapid return to population growth after the slowdown seen in some countries during the pandemic. The following table shows the population growth in the GCC over the past four years: Population Growt... .. read more..
Cenomi Centers hires financial advisor to refinance $875M sukuk
Saturday, July 12,2025,12:31
Arabian Centres Co. ( Cenomi Centers ) appointed Rothschild Co as financial advisor for the refinancing of $875 million (SAR 3.28 billion) in sukuk maturing on Oct. 7, 2026, with White Case continuing as legal advisor. In an emailed statement to Argaam , Cenomi Centers said it will continue to move forward with the refinancing of the $875 million worth of sukuk in the global debt markets in US dollars over the coming months with the support of Rothschild Co, aiming to complete the process in the second half of 2025. According to Argaam data, shareholders authorized last March the company to issue and offer Sharia-compliant sukuk worth up to SAR 3.75 billion (or its equivalent in any oth... .. read more..
Oil settles higher, Brent posts weekly gain of 3%
Saturday, July 12,2025,11:32
Oil drilling rigs Oil prices ended up on Friday, posting a weekly rise as investors assessed market outlook and the potential implications of US tariffs on global economic growth. Brent crude futures for September delivery gained 2.51%, or $1.72, to settle at $70.36 a barrel, recording a 3% weekly gain. WTI crude futures for August delivery rose by 2.82%, or $1.88, to $68.45 a barrel, posting a 2.16% weekly rise. The International Energy Agency (IEA) suggested the oil market may tighten further this year, despite a downward revision to global oil demand growth estimates. Oil prices faced offsetting pressure from concerns over slowing global economic growth, amid US President Donald Trum... .. read more..
US equities end lower, record weekly loss
Saturday, July 12,2025,11:30
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US drillers cut oil rigs for 11th week in a row
Saturday, July 12,2025,10:31
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Saudi Arabia confirms full compliance with OPEC+ agreement
Saturday, July 12,2025,09:07
Logo of the Ministry of Energy The Ministry of Energy confirmed that Saudi Arabia remains fully compliant with the OPEC+ agreement. The marketed crude oil supply in June averaged 9.352 million barrels per day (bpd). The figure reflects full compliance with the agreed quota. Amid elevated geopolitical tensions, the Kingdom emphasized that it acted prudently and preemptively in managing its energy output. The Ministry described Saudi Arabia’s role as that of a reliable, transparent, and dependable energy supplier, reinforcing the country’s efforts to enhance supply chain resilience and support global energy security. Although crude production briefly surpassed marketed supply, the additio... .. read more..
Eid holidays set for gov’t employees subject to Labor Law
Saturday, July 12,2025,09:00
Saudi Arabia’s Cabinet approved an amendment to its previous Decision No. 532 dated Jan. 16, 2024 (Rajab 4, 1445H), regarding the review of the appropriate number of official holiday days during Eid Al-Fitr and Eid Al-Adha. The amendment sets the official holidays at a minimum of four working days and a maximum of five working days for employees subject to the Civil Service Law and the Labor Law in government entities applying the Civil Service Law. .. read more..