����ֱ��

RIYADH: ����ֱ��’s Tadawul All Share Index slipped on Sunday, shedding 18.23 points, or 0.16 percent, to close at 11,593.45. 

The benchmark index recorded a total trading turnover of SR3.25 billion ($870 million), with 174 listed stocks advancing and 75 declining. 

The Kingdom’s parallel market Nomu fell 9.42 points to close at 25,039.36, while the MSCI Tadawul Index declined 0.32 percent to 1,508.43. 

The best-performing stock on the main market was Canadian Medical Center Co., whose share price rose 5.91 percent to SR8.60.  

Saudi Automotive Services Co. advanced 5.65 percent to SR72, while LIVA Insurance Co. climbed 5.03 percent to SR14.19. 

Conversely, United Cooperative Assurance Co. saw its share price drop 5.33 percent to SR4.80. 

On the announcements front, SABIC Agri-Nutrients Co. reported a net profit of SR3.33 billion for the first nine months of this year, up 40.49 percent compared with the same period in 2024. 

In a Tadawul statement, the company said the rise in profit was driven by a 23 percent increase in sales, supported by a 17 percent gain in average selling prices.  

The share price of SABIC Agri-Nutrients Co. slipped 0.49 percent to SR123.10. 

Mobile Telecommunication Co. ����ֱ��, also known as Zain KSA, said its net profit rose 15.83 percent year on year in the first nine months to reach SR373 million.  

Zain KSA’s stock price gained 2.75 percent to SR11.59. 

Modern Mills for Food Products Co. reported an 8.58 percent year-on-year increase in net profit for the first nine months to SR171.45 million.  

In a Tadawul statement, the company attributed the rise to growth across all categories, led by flour.

“This strong performance was driven by topline growth and effective financial management, resulting in lower financing costs,” said the company.  

The share price of Modern Mills for Food Products Co. rose 1.18 percent to SR34.40. 

RIYADH: ����ֱ��’s Small and Medium Enterprises General Authority will unveil $2 billion in initiatives and agreements across technology, tourism, entertainment, education, and financial services at the Biban 2025 Forum 

Scheduled for Nov. 5–8 at Riyadh Front Exhibition and Conference Center, the event will be held under the theme “A Global Destination for Opportunities.” 

The Kingdom has been actively expanding its entrepreneurial ecosystem under Vision 2030, targeting an increase in SME contributions to gross domestic product from 30 to 35 percent. With over 1.8 million SMEs currently operating, the government has implemented policies, funding programs, and strategic partnerships to support startups and attract international investment.  

In 2024, ����ֱ�� led the Middle East in venture capital funding for SMEs, securing roughly $750 million. 

In a release, Monsha’at stated: “The agreements and projects are expected to cover the technology, tourism, entertainment, education, and financial services sectors, enhancing integration between the public and private sectors and providing a stimulating environment for the growth and expansion of startups inside and outside the Kingdom.”  

It added: “This reflects the rapid development of the Saudi entrepreneurship ecosystem as a major driver of the national economy.” 

Biban 2025 will also feature international agreements with countries including Japan, South Korea, and Qatar, designed to attract regional and global companies to ����ֱ�� and position the Kingdom as a hub for startups and investment. 

“This will contribute to enhancing funding opportunities and building quality partnerships that support innovation and growth in the local market,” the release said. 

It added that the agreements seek to attract leading regional and global companies to the Saudi market, reinforce the Kingdom’s position as a global investment hub, foster a supportive environment for entrepreneurship, and establish it as a key destination for talent and startups worldwide. 

Through Biban 2025, Monsha’at is continuing to strengthen the entrepreneurial ecosystem by launching targeted programs and forming strategic partnerships with key stakeholders. 

The initiative aims to enhance the role of SMEs in the national economy, promote innovation and growth, and support the Kingdom’s Vision 2030 in building a thriving economic future.