EIC receives SAR 26.1M after court overturns competition fine
Wednesday, July 15,2026,09:16
The refund follows a final court ruling overturning a competition fine imposed on two subsidiaries. Electrical Industries Co. ( EIC ) said it received on July 14 the SAR 26.1 million fine from the General Authority for Competition (GAC), following the issuance of a final court ruling overturning the authority's fine imposed on two of its subsidiaries. The reimbursement will have a positive impact on its 2026 financial results by the same amount, according to a statement to Tadawul . Electrical Industries said the Administrative Court of Appeal issued a final ruling on July 7, 2025, upholding the Administrative Court’s decision to annul the Committee for Adjudication of Competition Law V... .. read more..
Chemanol shareholders OK 77.8% capital cut
Wednesday, July 15,2026,09:12
Shareholders of Chemanol approved a proposal to cut capital to SAR 150 mln from SAR 674.51 mln. Shareholders of Methanol Chemicals Co. ( Chemanol ) approved the board of directors’ recommendation to reduce the company's capital to SAR 150 million from SAR 674.51 million. This decision was made during an extraordinary general meeting (EGM) held on July 14. Capital Cut Details Current Capital SAR 674.51 mln Current No. of Shares 67.45 mln New Capital SAR 150 mln New No. of Shares 15 mln Reduction (%) 77.8% Reason Offset 90.76% of accumulated losses Reduction Date July 14, 2026 Method Writing off 52.45 mln shares, or about 0.7776 share for every one held The company said in a statement to ... .. read more..
Shams announces resignation of 3 board members
Wednesday, July 15,2026,09:04
Shams said the three members resigned for personal reasons, effective July 14 Saudi Tourism Enterprise Co. ( Shams ) announced the resignation of three board members, who also stepped down from their respective committee memberships, according to a statement to Tadawul . These include Badr Al Qadi – an independent board member and member of the development and investment committee, Wael Al Bassam – independent board member and member of the nomination and remuneration committee and Ziyad Al Afaleq – independent board member and member of the audit committee. They resigned for personal reasons, Shams noted, adding that the resignations were submitted on July 14, 2026, and took effect on ... .. read more..
Thimar appoints Wasatah Capital as financial advisor for rights issue
Wednesday, July 15,2026,08:50
Thimar appointed Wasatah Capital on July 14 Thimar Development Holding Co. appointed on July 14 Wasatah Capital as financial advisor to manage its proposed rights issue as part of its plan to raise the company's capital. In a statement to Tadawul , the company said it will announce when it submits the capital increase application to the Capital Market Authority (CMA) for approval. According to Argaam 's data, Thimar's board of directors recommended earlier this month increasing the company's capital by SAR 130 million through a rights issue. .. read more..
Almoosa signs SAR 500M credit facility with BSF
Wednesday, July 15,2026,08:45
Almoosa said the seven-year facility was signed on July 14 and is secured by a promissory note Almoosa Health Co. signed a Shariah-compliant credit facility agreement worth SAR 500 million with Banque Saudi Fransi ( BSF ), the company said in a Tadawul filing. The seven-year facility was signed on July 14 and is secured by a promissory note, Almoosa said. The proceeds will be used to finance previously disclosed capital projects and expansion plans and are not related to any undisclosed projects, investments, or expansion initiatives. Almoosa said Chairman Abdulatif Al Othman is considered a related party because he serves on BSF's board of directors. .. read more..
Mitsubishi Power wins Saudi boiler conversion work
Wednesday, July 15,2026,08:28
Japanese equipment maker will supply components for the conversion of heavy oil-fired boilers at two 2.9GW plants on Saudi Arabia's west coast to dual-fuel operation .. read more..
Abu Dhabi's ePointZero buys US gas pipeline stakes
Wednesday, July 15,2026,08:28
Subsidiary of Abu Dhabi's 2PointZero Group acquires Traverse Midstream Partners from The Energy & Minerals Group in all-cash transaction .. read more..
Saudi Arabia opens third round of gas-fired IPPs
Wednesday, July 15,2026,08:28
Saudi Power Procurement Company begins qualification for combined-cycle gas turbine plants to be built with provision for future carbon capture units .. read more..
Chinese firm awards subcontracts on Adnoc Onshore project
Wednesday, July 15,2026,08:28
The Adnoc Group subsidiary appointed CPECC as the main EPC contractor on the project to build off-plot facilities at Abu Dhabi’s Southeast cluster of oil fields earlier this year, after cancelling the previous EPCm phase .. read more..
Dubai selects contractor for Al-Maktoum airport people mover
Wednesday, July 15,2026,08:28
Al-Maktoum International airport will cover an area of 70 square kilometres south of Dubai .. read more..
Tinrhert gas project in Algeria makes progress
Wednesday, July 15,2026,08:28
The fields are being developed by Petrofac in partnership with a subsidiary of Sonatrach .. read more..
API says US crude inventories down 564,000 bbl
Wednesday, July 15,2026,08:28
Oil tanks US commercial crude oil inventories fell during the week ended July 10, according to estimates released by the American Petroleum Institute (API). In its report issued Tuesday, the institute said crude inventories declined by 564,000 barrels last week. The report also showed gasoline inventories fell by 1.664 million barrels over the same period, while distillate inventories—including diesel and heating oil—rose by 2.3 million barrels. Official data from the US Energy Information Administration (EIA) are due on Wednesday, with analysts expecting US crude inventories to decline by 900,000 barrels. At Tuesday's settlement, Brent crude futures for September delivery rose 1.72%, o... .. read more..
Trump threatens to strike Iranian power plants, bridges next week
Wednesday, July 15,2026,08:18
US President Donald Trump US President Donald Trump escalated his rhetoric toward Iran, threatening to target the country's power plants and bridges next week if Tehran does not return to the negotiating table, adding that the strikes will continue until he decides to halt them. In an interview with Fox News, Trump said the US would carry out "very severe" strikes in the coming days, adding that next week "will be the worst" for Iran if it does not show a willingness to negotiate. Trump also declined to rule out the use of ground forces, although he said he does not want to pursue that option at this stage. He added that there are "other parties" capable of carrying out a ground campaig... .. read more..
Libya signs $1bn upstream oil deal
Wednesday, July 15,2026,06:21
An exploration and production sharing agreement has been signed with Qatar’s UCC .. read more..
Chinese contractor wins Kuwait investment authority HQ
Wednesday, July 15,2026,06:21
Seven firms were competing for the commercial tower project .. read more..
Libya plans to tender oil project by year-end
Wednesday, July 15,2026,06:21
The J6 North Gialo field is being developed by Waha Oil Company .. read more..
US stocks end higher as cooling inflation fuels chip-led rally
Tuesday, July 14,2026,22:22
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Lucid rejects reports of delisting, bankruptcy filing
Tuesday, July 14,2026,20:31
Logo ofLucid Group Lucid Group, Inc. denied reports suggesting it is considering delisting its shares or filing for Chapter 11 bankruptcy protection under the US Bankruptcy Code. The company said the claims are entirely false. Lucid issued the denial after its shares plunged by more than 50% on July 14 before paring losses to 18.6% at $4.49 as of 10:00 p.m. Makkah time. The reports originated from a blog specializing in the electric vehicle sector, which claimed that Lucid was evaluating scenarios including going private or filing for Chapter 11 bankruptcy to restructure its debt. Lucid said it has sufficient liquidity to fund its operations through next year. It added that it has not e... .. read more..
King Abdulaziz Int’l Airport receives 24.5M passengers in H1 2026
Tuesday, July 14,2026,20:03
King Abdulaziz International Airport serves 24.5 million passengers through over 147,000 flights in H1 Jeddah Airports Co. announced that King Abdulaziz International Airport received 24.5 million passengers during the first half of 2026. In a post on X, it noted that these passengers were served through more than 147,000 flights, with over 28.9 million bags handled during the six-month period. It noted that the peak operational day was Jan. 7, 2026, when the airport served more than 195,000 passengers. .. read more..
New State Revenues Law to boost fiscal sustainability
Tuesday, July 14,2026,19:50
Minister of Finance Mohammed Al-Jadaan Minister of Finance Mohammed Al-Jadaan stressed that the newly-ratified State Revenues Law represents a significant step toward developing the governance of state revenues and enhancing their management efficiency in a way that supports fiscal sustainability. In a ministerial statement today, July 14, he pointed out that the law contributes to enabling government entities to improve revenue estimation mechanisms and raise compliance levels in paying dues. This is in addition to regulating collection procedures and managing government debts, thereby achieving a balance between collection efficiency and considering the financial circumstances of taxp... .. read more..
Trump backs down on imposing tariffs on vessels crossing Hormuz
Tuesday, July 14,2026,19:21
US President Donald Trump US President Donald Trump announced that he has backed down on his plan to impose a 20% tariff on shipments passing through the Strait of Hormuz, indicating that he will replace it with trade agreements and investments in the US. In a post on "Truth Social" today, July 14, Trump stated that his decision follows highly productive talks with regional leaders, adding that the proposed tariffs will be instead replaced with trade and investment deals inside the US. This comes just one day after Trump announced his intention to reimpose a blockade on Iranian ports and levy a 20% tariff on cargo crossing the Strait of Hormuz. .. read more..
25 contracting projects worth over SAR 29B awarded in June
Tuesday, July 14,2026,18:54
Logo ofSaudi Contractors Authority (SCA) The Saudi Contractors Authority (SCA) recently released its Contracting Sector Outlook-June 2026 report, aimed at providing contractors and investors with updates on key developments in sector projects. According to the report, 25 projects were awarded in June, with the combined value exceeding SAR 29 billion. The projects are scheduled to be implemented over five years, with completion expected between 2027 and 2031. This brings the total number of projects awarded since the beginning of the year to 86, with a combined value of nearly SAR 100 billion. Projects in 2026 Month Number of Projects Value (SAR bln) January 5 11.74 February 4 2.81 March... .. read more..
Tadawul approves Morgan Stanley as market maker for 3 stocks, ends activity ...
Tuesday, July 14,2026,18:43
Logo ofSaudi Exchange (Tadawul) The Saudi Exchange ( Tadawul ) approved Morgan Stanley Saudi Arabia’s request to conduct market-making activities on Jazan Development and Investment Co. (6090) and Salama Cooperative Insurance Co. (8050) and LIVA Insurance Co. (8280), starting July 15. According to a Tadawul statement, the market-maker obligations include maintaining a 50% minimum order presence, a SAR 50,000 minimum order size, a 2% max price spread, with no minimum value threshold applied. Tadawul noted that Morgan Stanley Saudi Arabia is committed to adhere to the established market-making rules and procedures. In a separate statement, Tadawul announced approving Morgan Stanley Saudi ... .. read more..
Uber in advanced talks to acquire Delivery Hero: Report
Tuesday, July 14,2026,18:25
Uber currently owns a 24.99% stake in Delivery Hero Uber Technologies is in advanced talks to acquire German food delivery company Delivery Hero in a deal that could be reached as early as this week, according to people familiar with the matter cited by Bloomberg. The sources said the transaction could be struck at a price above Delivery Hero's current market capitalization of about EUR 11.2 billion ($12.8 billion), implying an offer above its current share price of EUR 36. Uber currently owns a 24.99% stake in Delivery Hero and holds derivatives that increase its total economic interest in the company to 36.8%. The company had previously offered EUR 33 per share, although investors now... .. read more..
AWPT awarded SAR 101.3M contract with NWC
Tuesday, July 14,2026,17:42
Logo of Alkhorayef Water and Power Technologies Co. ( AWPT ) Alkhorayef Water and Power Technologies Co. ( AWPT ) announced today, July 14, the award of a SAR 101.32 million contract, excluding VAT, with National Water Co. (NWC) to operate and maintain water and sewage networks in Al Khobar. The company will execute the operations and maintenance works over 36 months, with the project’s financial impact expected in Q4 2026, according to a statement to Tadawul . AWPT added that it will disclose any future developments in due course, especially after obtaining a copy of the final contract that has been signed by all parties involved. .. read more..
US consumer inflation slows to 3.5% in June
Tuesday, July 14,2026,16:46
US consumer inflation slowed more than expected to 3.5% year-on-year (YoY) in June, but remained above the Federal Reserve's 2% target, according to data released Tuesday by the Bureau of Labor Statistics. Meanwhile, the CPI recorded its largest monthly decline since April 2020, falling 0.4% in June, with fuel prices dropping 9.7% month-on-month. This decline in fuel prices followed the memorandum of understanding signed last month by Washington and Tehran, which led to a drop in oil prices, before renewed military strikes between the two sides this month following the collapse of the ceasefire agreement. US CPI – June 2026 (%) CPI Expectations May June Change Annual Core 2.8 2.9 2.6 (0... .. read more..
Saudi Cabinet approves state revenues law, training visa
Tuesday, July 14,2026,16:00
The Cabinet meeting Saudi Arabia’s Cabinet, chaired by Crown Prince Mohammed bin Salman, approved the State Revenues Law at its meeting in Jeddah. The council also approved a training visa for international trainees, under a set of arrangements, Saudi Press Agency (SPA) reported. It authorized the Minister of Human Resources and Social Development (HRSD), or his delegate, to discuss and sign a draft memorandum of understanding with Armenia on cooperation in labor and social protection. Finance Minister Mohammed Al-Jadaan said on X that the Cabinet’s approval of updates to the State Revenues Law reflects the leadership’s efforts to develop the financial system and enhance government reve... .. read more..
Adnoc Distribution signs deal to enter South Africa
Tuesday, July 14,2026,15:58
Adnoc Group’s retail fuel business will acquire 100% of UK energy major Shell’s downstream unit, Shell Downstream South Africa (SDSA), as part of the estimated $1bn transaction that is expected to close in 2027 .. read more..
Masdar reaches financial close on world-first 24/7 solar project
Tuesday, July 14,2026,15:58
A consortium of 13 international and local banks is providing $5.1bn in debt financing for the world's first gigascale round-the-clock renewable energy project, developed by Masdar and Ewec in Abu Dhabi .. read more..
Prince Abdulaziz bin Salman rises in authority and stature
Tuesday, July 14,2026,15:58
By entrusting the energy minister with the additional charge of the industrial and mineral resources ministry, Saudi Arabia has effected a remerger of the two portfolios, reflecting the vital need for integrated stewardship of two fundamentally criti… .. read more..
I Squared deal is latest sign of PIF's new playbook
Tuesday, July 14,2026,15:58
The memorandum of understanding with US investor is the latest sign that the sovereign fund is recasting itself as a convener of third-party capital rather than a direct financier of its own portfolio .. read more..
TASI falls 0.8% to 10,716 pts, turnover at SAR 4.4B
Tuesday, July 14,2026,15:33
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Saudi foreign reserve assets rise 1% to SAR 1.85T in June
Tuesday, July 14,2026,14:00
Net foreign assets rose by 8% YoY in June, SAMA data shows Saudi Arabia’s foreign reserve assets increased by about SAR 23.4 billion, or 1%, month-on-month (MoM) in June 2026, reaching SAR 1.85 trillion, according to the Saudi Central Bank ( SAMA ). Net foreign assets rose by 8% year-on-year (YoY), or SAR 138.3 billion. Reserve assets include foreign currency reserves (investments in foreign securities, foreign cash and deposits abroad), reserve positions at the International Monetary Fund, Special Drawing Rights (SDRs), and monetary gold. Foreign currency reserves, which account for around 95% of total assets, increased 9% YoY to SAR 1.76 trillion in June. Reserves at the International... .. read more..
Gulf banks can absorb war impact: S&P Global
Tuesday, July 14,2026,13:45
SP Global Ratings said Gulf banks are capable of absorbing slower growth, weaker profitability and a deterioration in asset quality metrics resulting from the war in the Middle East. The agency said banks’ resilience is supported by strong capital buffers, cyclical declines in non-performing loans, current provisioning coverage, limited exposure to directly affected sectors, and regulatory easing measures. SP said a major escalation of the conflict could significantly slow economic activity and weaken investor sentiment, leading to greater pressure on Gulf banks. However, banks are expected to withstand severe stress, including capital outflows or a sharp deterioration in asset quality.... .. read more..
Foreign ownership ex-Aramco stable at 11.23%
Tuesday, July 14,2026,12:16
Tadawul trading screen Non-institutional foreign investors kept their ownership in Tadawul -listed equities, excluding Saudi Aramco , unchanged at 11.23%, or SAR 354.55 billion, in the week ended July 9, market data showed. 
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Entaj hits limit up for second straight session
Tuesday, July 14,2026,11:51
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TASI: 7 stocks fall to 52-week lows
Tuesday, July 14,2026,11:12
Tadawul trading screen Shares of seven TASI -listed companies fell today, July 14, to their lowest levels in 52 weeks. Stocks at 52-week lows Company Price (SAR)* Performance in 52 weeks Budget Saudi 29.2 (46%) SGS 28.34 (45%) Shaker 13.27 (42%) City Cement 10.46 (41%) AlKathiri 1.43 (35%) Ataa 47 (29%) NADEC 15.36 (29%) *The lowest price during the session, but not the current trading price. .. read more..
Adnoc launches LNG marketing and trading platform
Tuesday, July 14,2026,09:29
The new unit combines the marketing activities of Adnoc Group subsidiaries Adnoc Gas and XRG with the trading capabilities of Adnoc Trading into an integrated commercial platform, targeting 47 million t/y of combined marketable LNG by 2035 .. read more..
Bahrain's Islamic finance sector set to pass $100bn by 2027
Tuesday, July 14,2026,09:29
Fitch expects the kingdom's Islamic finance assets to pass $100bn by 2027, with Islamic banks now holding 42% of domestic banking assets and outgrowing conventional rivals .. read more..
Jordan tenders IPP8 power project
Tuesday, July 14,2026,09:29
Natural gas will be the primary feedstock for the combined-cycle gas turbine power plant .. read more..
Indian firm wins Oman's Al-Dhahirah economic zone deal
Tuesday, July 14,2026,09:29
Opaz intends to develop 20 sq km of the total land area allocated to Ezad as part of the first phase of development, with 7.5 sq km of that earmarked for fast-track development .. read more..
Modon awards $200m Ras El-Hekma infrastructure deal
Tuesday, July 14,2026,09:29
The contract was awarded to a joint venture of Egypt’s Rowad Modern Engineering and Lebanon's Consolidated Contractors Company .. read more..
Attack on Kuwait oil facility injures worker
Tuesday, July 14,2026,09:29
The offshore platform was materially damaged according to an official statement .. read more..
GAC approves Tahweel’s acquisition of Al-Rowad: Tasnee
Tuesday, July 14,2026,08:59
Tasnee and Tahweel entered into an agreement in March National Industrialization Co. ( Tasnee ) announced the no-objection from the General Authority for Competition (GAC) for Tahweel Holding to fully acquire Al-Rowad Industrial Transformation Co. The acquisition remains subject to customary adjustments under the agreement, Tasnee said in a statement to Tadawul , adding that both parties will continue to fulfil the terms and ensure regulatory approvals. Tasnee signed on March 1 an agreement to sell its entire stake in Al-Rowad Industrial to Tahweel for SAR 700 million, Argaam earlier reported. Al-Rowad Industrial comprises a group of companies, including Al-Rowad Global Packaging Compan... .. read more..
Armah requests transfer to TASI
Tuesday, July 14,2026,08:51
Armah will announce any further developments in due course Armah Sports Co. submitted its application to transfer to the Main Market (TASI) on July 13 through the electronic system designated by the relevant regulatory authorities for this purpose. In a statement to Tadawul , the company said it will announce any further developments in due course. According to Argaam data, Armah Sports' board of directors approved in June 2025 the company's transfer from the Nomu-Parallel Market to TASI. In November 2023, Armah offered its shares to the public and started trading on Nomu on Nov. 30. The company's capital stands at SAR 328.6 million, divided into 32.86 million shares at a par value of S... .. read more..
Al Akaria says restrictions lifted on northern Riyadh land plot
Tuesday, July 14,2026,08:32
Al Akaria expects no immediate financial impact from lifting the restrictions Saudi Real Estate Co. ( Al Akaria ) said restrictions have been lifted on a 30,000-square-meter (sqm) land plot it owns in northern Riyadh after the Real Estate Registry issued a title registration deed. The plot, located in the Al Arid district within the commercial corridor between King Fahd Road and Olaya Road, has a book value of SAR 98.4 million, the company said in a filing to Tadawul . The land was among the parcels highlighted in the emphasis of matter (EoM) paragraph No. 5(a) of the external auditor's report on Al Akaria's interim condensed consolidated financial statements for Q1 2026. The report sai... .. read more..
Saudi energy minister gets charge of minerals ministry
Tuesday, July 14,2026,04:53
Prince Abdulaziz Bin Salman Al Saud has been appointed as the kingdom’s new Minister of Industry and Mineral Resources under a royal decree issued by King Salman, while Bandar Alkhorayef, the former minister, has been named as a minister of state and… .. read more..
Aramco allows more time for Jafurah fifth expansion phase bids
Tuesday, July 14,2026,04:53
Aramco is overseeing the tendering exercise for the fifth expansion phase of the Jafurah unconventional gas development, which mainly involves the EPC of three gas compression plants, each with a capacity of 200 million cf/d .. read more..
UAE tankers hit as Hormuz standoff escalates
Tuesday, July 14,2026,04:53
UAE accuses Tehran of a cruise missile attack on two national tankers as Trump orders a 20% levy on all Hormuz cargo and Yemen's Houthis break a four-year truce with Saudi Arabia .. read more..
AtkinsRealis wins key Riyadh infrastructure roles
Tuesday, July 14,2026,04:53
AtkinsRealis will provide engineering services for the Riyadh Metro’s expansion and supervise key road upgrades across the city .. read more..