海角直播

Tadawul approves Morgan Stanley 海角直播 as market maker for 8 listed securities

Tadawul approves Morgan Stanley 海角直播 as market maker for 8 listed securities
Morgan Stanley first entered the Saudi market in 2007, launching an equity trading business in Riyadh, followed by the establishment of an equity fund in 2009. Shutterstock
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Updated 10 March 2025

Tadawul approves Morgan Stanley 海角直播 as market maker for 8 listed securities

Tadawul approves Morgan Stanley 海角直播 as market maker for 8 listed securities

RIYADH: Tadawul has approved Morgan Stanley 海角直播 to serve as a market maker for eight securities on the main trading platform and the parallel index, Nomu.

The decision allows the financial services company to enhance market liquidity and improve price efficiency in accordance with regulations and procedures.

Among the securities listed on the main index, the firm will act as a market maker for Arabian Internet and Communications Services Co., where it will ensure a minimum presence of orders at 80 percent, maintain a size of SR150,000 ($39,982), and adhere to a maximum spread of 0.65 percent, with the lowest value traded of 5 percent.

Similarly, it will provide聽services for Electrical Industries Co., ensuring an 80 percent minimum presence of orders, a minimum size of SR75,000, a maximum spread of 0.65 percent, and a value traded of 5 percent.

Elm Co. is also among the approved securities, with Morgan Stanley 海角直播 committing to the same trading obligations as Electrical Industries Co.

Meanwhile, the Co. for Cooperative Insurance will have a minimum order presence of 80 percent, a minimum size of SR150,000, a maximum spread of 0.65 percent, and a value traded of 5 percent.

On Nomu, Morgan Stanley 海角直播 was approved as a market maker for National Environmental Recycling Co., International Human Resources Co., Almuneef Co. for Trade, Industry, Agriculture, and Contracting, as well as Aqaseem Factory for Chemicals and Plastics Co.

In each of these cases, it will ensure a minimum presence of orders at 50 percent, maintain a minimum size of SR50,000, and adhere to a maximum spread of five percent, with no minimum value traded requirement.

Morgan Stanley 海角直播鈥檚 participation in market making is expected to contribute to greater liquidity and a more efficient trading environment, reinforcing the development of the country鈥檚 capital market.

In November, the investment bank was granted approval to establish its regional headquarters in the Kingdom, as the nation continues to attract international investment.

This move aligns with 海角直播鈥檚 regional headquarters program, which offers businesses various incentives, including a 30-year exemption from corporate income tax and withholding tax on headquarters activities, as well as access to discounts and support services.

Morgan Stanley first entered the Saudi market in 2007, launching an equity trading business in Riyadh, followed by the establishment of an equity fund in 2009.


Oman issues $233m in treasury bills for short-term liquidity

Oman issues $233m in treasury bills for short-term liquidity
Updated 49 sec ago

Oman issues $233m in treasury bills for short-term liquidity

Oman issues $233m in treasury bills for short-term liquidity

RIYADH: Oman鈥檚 central bank allocated 89.85 million Omani rials ($233.3 million) in treasury bills this week as part of its routine operations to manage short-term liquidity. 

The offering consisted of 64.85 million rials in 91-day bills and 25 million rials in 182-day bills, according to the Oman News Agency, which cited data from the Central Bank of Oman. 

The 91-day securities were issued at an average price of 98.98 rials per 100 rials, with the lowest accepted bid at 98.97 rials. The average discount rate was 4.07 percent, while the average yield was 4.12 percent. 

The move comes amid broader efforts by the Gulf nation to stabilize its financial system and support liquidity as it navigates fiscal pressures, global interest rate fluctuations, and ongoing diversification efforts under its Vision 2040 economic plan. 

鈥淭reasury bills are a short-term, guaranteed financial instrument issued by the Ministry of Finance to provide investment opportunities for licensed commercial banks. The Central Bank of Oman acts as the issuance manager for these bills,鈥 ONA said. 

The 182-day bills were allocated at an average price of 97.99 rials, which was also the lowest accepted bid. These instruments carried an average discount rate of 4.03 percent and an average yield of 4.11 percent. 

The central bank鈥檚 repo rate for these instruments was set at 5 percent, while the discount rate on treasury bill facilities remained at 5.50 percent. 

One of the key benefits of these instruments is their high liquidity, as they can be easily converted into cash through discounting with the central bank or by entering into repurchase agreements with the monetary authority. 

Licensed commercial banks can also conduct interbank repo transactions involving treasury bills. 

The instruments serve as a benchmark for short-term interest rates in the domestic financial market and the government can also utilize them as a flexible and efficient tool for financing certain expenditures. 

The issuance of treasury bills is seen as a key tool to maintain short-term funding channels while enhancing the depth and resilience of Oman鈥檚 domestic money market. 

Meanwhile, Oman鈥檚 public debt fell 2.08 percent year on year to 14.1 billion rials in the second quarter of 2025, supported by Finance Ministry payments to the private sector. 

The ministry disbursed over 749 million rials during the period, with transactions settled within an average of five working days, helping boost liquidity in local markets. 

The decline in debt highlights Muscat鈥檚 ongoing fiscal consolidation drive, supported by higher non-oil revenue and spending discipline. 


GCC exchanges launch Unified IR Guide to boost disclosure, ESG alignment

GCC exchanges launch Unified IR Guide to boost disclosure, ESG alignment
Updated 40 min 41 sec ago

GCC exchanges launch Unified IR Guide to boost disclosure, ESG alignment

GCC exchanges launch Unified IR Guide to boost disclosure, ESG alignment
  • Guide recommends best practices on communication protocols, regulatory disclosures, crisis management, and governance structures

RIYADH: The Gulf Cooperation Council鈥檚 financial markets are set to strengthen investor communication and transparency with the launch of a new Unified Investor Relations Guide for 2025, the GCC Financial Markets Committee announced. 

Developed in partnership with key regional exchanges, including Boursa Kuwait, Saudi Tadawul, Abu Dhabi Securities Exchange Group, Dubai Financial Market, Bahrain Bourse, Muscat Stock Exchange, and Qatar Stock Exchange, the guide lays out a structured framework to enhance disclosure practices, integrate environmental, social and governance considerations, and boost stakeholder engagement across listed firms. 

The guide aligns with broader initiatives to modernize the region鈥檚 financial ecosystem and position the region as an attractive destination for global capital. 

The timing of the guide鈥檚 release comes as Gulf equity markets continue to attract inflows from foreign investors. 

According to PwC Middle East鈥檚 analysis published in May, GCC initial public offerings raised $1.6 billion in the first quarter of 2025, marking a 33 percent increase from a year earlier, with 海角直播 accounting for nearly 69 percent of proceeds. 

鈥淭his guide is a strategic step toward unifying investor relations standards and practices across the GCC鈥檚 capital markets, contributing to the enhancement of transparency, credibility, and strengthening investor confidence,鈥 said Mohammad Saud Al-Osaimi, the CEO of Boursa Kuwait. 

The guide recommends best practices on communication protocols, regulatory disclosures, crisis management, and governance structures, designed to streamline investor relations while ensuring compliance with international standards. 

鈥淚t reflects the GCC Financial Markets Committee鈥檚 commitment to providing practical tools that enhance the communication channels between listed companies and their investors, as well as supporting the sustainable growth and development of capital markets,鈥 he added. 

The guide鈥檚 recommendations include structured disclosure calendars, management of material events, insider watch-lists, and policies to address rumors and market manipulation. It further emphasizes ESG reporting as a growing requirement among global investors, encouraging firms to integrate sustainability metrics into strategic planning and reporting frameworks. 

鈥淭he GCC Unified IR Guideline 2025 is a key milestone in reinforcing transparency and investor trust across the region,鈥 said Abdulla Salem Al-Nuaimi, group CEO of Abu Dhabi Securities Exchange. 

He added: 鈥淎t ADX, we actively champion best-in-class investor relations, from training programs to ESG integration, empowering issuers to engage more effectively. We are proud to be part of shaping this framework that strengthens the GCC鈥檚 standing as a global investment hub.鈥 

While adoption of the guide remains optional, market participants view it as a key tool for fostering credibility and facilitating smoother access to both regional and international investors. 

As corporate governance and transparency gain prominence in capital markets, the guide aims to offer firms a roadmap to strengthen investor confidence and attract long-term investment flows, supporting broader economic diversification efforts across the GCC. 


Jeddah to get new EV charging stations under Petromin partnership聽

Jeddah to get new EV charging stations under Petromin partnership聽
Updated 09 September 2025

Jeddah to get new EV charging stations under Petromin partnership聽

Jeddah to get new EV charging stations under Petromin partnership聽

RIYADH: Jeddah鈥檚 electric-vehicle charging network is set for expansion after the city鈥檚 transport authority signed a memorandum of understanding with Petromin Co. to develop new charging stations in 海角直播鈥檚 second-largest city. 

Under the agreement, Jeddah Transport Co. and Electromin 鈥 Petromin鈥檚 mobility subsidiary 鈥 will collaborate on site assessments, design, installation, and operational support for the facilities, the Saudi Press Agency reported. 

The partnership forms part of the Kingdom鈥檚 broader Vision 2030 agenda, which aims to accelerate EV adoption and reduce carbon emissions. 

Quoting Yousef Al-Sayegh, CEO of Jeddah Transport Co., the SPA report stated that the company is committed to 鈥渟upport electric mobility and provide advanced infrastructure that keeps pace with the future of transportation in Jeddah.鈥 

He added that the tie-up with Electromin marks a strategic step toward advancing sustainability goals and improving quality of life for residents and visitors alike. 

Electromin, which launched 海角直播鈥檚 first nationwide EV charging network in 2022, said the Jeddah pact will help transform the city into a model for electric mobility and support the Kingdom鈥檚 Vision 2030 goals, according to CEO Mark Notkin. 

The initiative aligns with the Jeddah Public Transport Program, a sweeping mobility masterplan by Jeddah Transport Co., owned by the municipality, aimed at easing congestion in a city where cars account for over 98 percent of trips.  

The plan features four metro lines, three light rail routes, a corniche tram, bus rapid transit, a commuter rail line, a waterbus service, and 11 park-and-ride facilities. 

海角直播, long known for its oil wealth, is leading regional energy transition efforts and is working to build a full-fledged EV ecosystem. 

As part of this push, the Kingdom has invested in US-based EV maker Lucid through its sovereign wealth fund and launched Ceer, its homegrown electric vehicle brand, which is expected to roll out models by 2026. 

In April, Lucid became the first global automaker to join the Kingdom鈥檚 鈥淢ade in Saudi鈥 program, allowing it to carry the 鈥淪audi Made鈥 label on its products. The company also inaugurated its first international manufacturing plant in 海角直播 in September 2023. 

Located in King Abdullah Economic City, the facility 鈥 the Kingdom鈥檚 first car manufacturing plant 鈥 can currently assemble 5,000 Lucid vehicles annually in its initial phase. Once fully operational, it is expected to produce up to 155,000 electric cars a year.


Closing Bell: Saudi main market ends lower at 10,497聽

Closing Bell: Saudi main market ends lower at 10,497聽
Updated 08 September 2025

Closing Bell: Saudi main market ends lower at 10,497聽

Closing Bell: Saudi main market ends lower at 10,497聽

RIYADH: 海角直播鈥檚 Tadawul All Share Index closed lower on Monday, shedding 96.92 points, or 0.91 percent, to end at 10,497.05. 

Trading volume reached 260.53 million shares, with turnover of SR4.10 billion ($1.09 billion). A total of 55 stocks advanced while 198 declined. 

The Kingdom鈥檚 parallel market, Nomu, also retreated, dropping 179.38 points, or 0.70 percent, to close at 25,345.91, with 32 gainers against 57 losers.  

The MSCI Tadawul Index slipped 12.61 points, or 0.92 percent, to 1,362.97. 

Top gainers included Lazurde Co. for Jewelry, which jumped 6.11 percent to SR13.02, and Almasane Alkobra Mining Co., up 3.70 percent at SR65.95.  

Ataa Educational Co. climbed 3.46 percent to SR64.30, Wafrah for Industry and Development Co. added 3.04 percent to SR25.76, and Aldrees Petroleum and Transport Services Co. advanced 2.91 percent to SR116.70.   

On the downside, Thimar Development Holding Co. dropped 9.97 percent to SR45.06, while Saudi Real Estate Co. fell 6.20 percent to SR16.49. Saudi Cable Co. lost 5.50 percent to SR141, Saudi Fisheries Co., also known as Al Asmak, slipped 4.40 percent to SR92.40, and Ash-Sharqiyah Development Co. declined 4.28 percent to SR16.10. 

On the announcement front, Al Moammar Information Systems Co., also known as MIS, said it signed a SR227.8 million contract, including VAT, with the Saudi Authority for Data and Artificial Intelligence for the 鈥淣aqaa鈥 Data Center Expansion project in Riyadh.  

The 36-month deal is expected to have a positive financial impact starting in the fourth quarter of 2025.  

MIS shares closed 0.62 percent lower at SR129. 

Meanwhile, the Mediterranean and Gulf Insurance and Reinsurance Co. announced regulatory approval from the insurance authority for its planned merger with Buruj Cooperative Insurance Co.   

Under the agreement, Buruj will be merged into Medgulf, with its assets, rights and obligations transferred in exchange for 33.2 million new Medgulf shares issued to Buruj shareholders.   

The insurer noted that completion of the merger remains subject to the approval of the Capital Market Authority and the shareholders of both companies.   

Medgulf shares edged up 0.13 percent to SR15.67. 


GCC banks鈥 Q2 profits hit record $16.2bn on lending and deposits boom

GCC banks鈥 Q2 profits hit record $16.2bn on lending and deposits boom
Updated 08 September 2025

GCC banks鈥 Q2 profits hit record $16.2bn on lending and deposits boom

GCC banks鈥 Q2 profits hit record $16.2bn on lending and deposits boom
  • GCC inflation remained stable in second quarter despite heightened geopolitical risks
  • Year-on-year, all markets posted growth

RIYADH: Strong regional fundamentals and a robust project pipeline drove Gulf Cooperation Council-listed banks鈥 net profit to a record $16.2 billion in the second quarter of 2025, up 9.2 percent year on year. 

This marks the second consecutive quarterly increase, with profits rising 3.7 percent quarter on quarter, supported by broad-based revenue growth and a lower cost-to-income ratio, which offset higher impairments, according to Kuwait-based Kamco Invest鈥檚 GCC Banking Sector Report 鈥 Q2 2025.

This comes as GCC inflation remained stable in the second quarter despite heightened geopolitical risks. 

The report aligns with forecasts that regional economies will grow 4.4 percent in 2025, up from 4 percent, as rising oil output and resilient non-oil activity offset global trade headwinds, according to a recent report by the Institute of Chartered Accountants in England and Wales with Oxford Economics. 

鈥淎t the country level, the q-o-q growth remained largely positive with five out of six country aggregates showing a sequential growth in net income while the aggregate for the Bahraini banking sector showed a decline,鈥 said the Kamco report.

鈥淜uwaiti-listed banks showed the biggest absolute growth in net profits with an increase of $204.6 million, or 15.6 percent, mainly led by reversal of provisions reported by three out of nine listed banks on the exchange,鈥 it added. 

鈥淯AE and Saudi banks were next with net profit growth of $191.8 million (+3.2 percent) and $152.3 million (+2.6 percent), respectively,鈥 Kamco said. 

Year-on-year, all markets posted growth, with Saudi and Bahraini banks achieving double-digit increases, while Oman and Kuwait also reported solid gains. 

It showed that the banking sector鈥檚 total revenues hit a new all-time high of $35.6 billion for the quarter, driven by a solid 3.6 percent quarter-on-quarter increase. 

鈥淭he growth was led by a broad-based increase in revenues reported by banks across country aggregates that more than offset an 8.2 percent decline reported by Bahraini banks,鈥 the report said. 

鈥淯AE-listed banks led the way during the quarter with a revenue growth of 5.3 percent or $674.0 million during Q2-2025 as compared to Q1-2025,鈥 it also said. 

Lending rose 3.4 percent quarter on quarter, the second-largest gain in 16 quarters, bringing total gross loans to $2.23 trillion, supported by strong non-oil sector activity, particularly manufacturing, which grew well above regional benchmarks. 

Central bank data confirmed the strength of GCC economies, showing sustained credit expansion in all countries except Bahrain, even amid declining project awards. 

Customer deposits reached a new high of $2.74 trillion, up 3.5 percent quarter on quarter and 13.3 percent year on year, with growth broad-based across all GCC countries. 

Loan-to-deposit ratio 

The overall loan-to-deposit ratio for GCC banks remained above the 80 percent threshold at the end of the period, settling at 81.5 percent, slightly down from 81.6 percent in the first quarter. 

This is the fifth consecutive quarter the ratio has stayed above 80 percent, reflecting stronger asset utilization and improved margins, which help offset the impact of declining interest rates.