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RIYADH:  ����ֱ��’s non-oil exports, including re-exports, reached SR27.45 billion ($7.31 billion) in June, marking an annual rise of 22.1 percent, official data showed.

Preliminary figures released by the General Authority for Statistics showed that the UAE remained the top destination for the Kingdom’s non-oil products, with exports to the Emirates amounting to SR7.85 billion in the sixth month of the year.

India was the second-largest non-oil trade partner, importing goods worth SR2.6 billion, followed by China at SR2.14 billion, Turkiye at SR946.2 million, and Egypt at SR871.2 million.

The rise in non-oil exports supports the goals of Vision 2030, which aims to diversify Saudi economy and reduce its reliance on oil revenues.

In its latest report, GASTAT stated: “Non-oil exports, including re-exports, recorded an increase of 22.1 percent compared to June 2024, while national non-oil exports, excluding re-exports, increased by 8.4 percent.”

It added: “The value of re-exported goods increased by 60.2 percent during the same period.”

In a separate release, GASTAT noted that Saudi non-oil exports jumped 17.8 percent in the second quarter of 2025, offsetting weaker oil sales and highlighting the Kingdom’s accelerating diversification drive, official data showed.   

The increase included a 46.2 percent rise in re-exports, while national non-oil exports excluding re-exports climbed 5.6 percent.

Other major destinations for Saudi non-oil shipments in June included Belgium, which received goods worth SR675.2 million, followed by Oman at SR629.4 million, and Kuwait at SR594.4 million.

Exports to the US stood at SR446 million, while shipments to Singapore and the UK totaled SR394.3 million and SR322.3 million, respectively.

Departure locations

Among seaports, the King Fahad Industrial Port in Jubail handled the highest volume of outbound non-oil goods, valued at SR3.55 billion, followed closely by the Jeddah Islamic Sea Port at SR3.17 billion.

Jubail Sea Ports and Ras Al Khair facilitated non-oil exports worth SR2.19 billion and SR1.98 billion, respectively.

On land, the Al-Batha Port processed non-oil exports worth SR1.77 billion. Al-Hadithah and Al-Wadiah ports recorded outbound shipments of SR693.6 million and SR398.9 million, respectively.

King Abdulaziz International Airport led all air terminals, handling SR4.25 billion in non-oil exports in June — a 366.3 percent increase compared to the same month last year.

Machinery and chemicals lead the way

“Among the most important non-oil exports are chemical products, which constituted 24.5 percent of the total non-oil exports, recording an 8.5 percent increase compared to June 2024,” GASTAT noted.

Machinery, electrical equipment, and parts came in second, accounting for 23.3 percent of total non-oil exports and growing 168 percent year on year. The strength of Saudi non-oil private sector was further affirmed by Riyad Bank’s Purchasing Managers’ Index, compiled by S&P Global, which showed that the Kingdom’s headline PMI rose to 57.2 in June, up from 55.8 in May. This reading indicates a strong improvement in business conditions, exceeding the long-run average of 56.9.

A PMI score above 50 signals expansion, while a figure below that mark indicates contraction. ����ֱ��’s June PMI also outpaced that of its regional peers, with the UAE and Kuwait recording 53.5 and 53.1, respectively.

Merchandise exports

According to GASTAT, the Kingdom’s total merchandise exports in June increased by 3.7 percent year on year, although there was a 2.5 percent decrease in oil exports. Consequently, the percentage of oil exports out of total exports decreased from 74.7 percent in June 2024 to 70.2 percent a year later.

China was the top destination for ����ֱ��’s overall merchandise exports, with shipments valued at SR14.32 billion. The UAE followed at SR8.4 billion — a 43.5 percent jump compared to the previous year — while exports to India reached SR8.33 billion. South Korea and Japan imported SR8.22 billion and SR6.65 billion worth of goods, respectively, while Egypt accounted for SR4.48 billion.

Imports climb

Saudi imports in June reached SR70.03 billion, up 1.7 percent year on year, GASTAT reported.

Machinery, mechanical and electrical equipment topped the import list at SR21.42 billion, followed by transport equipment at SR8.75 billion and chemical products at SR6.38 billion.

Base metal imports stood at SR5.68 billion, while mineral products totaled SR3.95 billion.

By region, Asia remained the Kingdom’s largest trade partner, contributing SR39.68 billion in imports — a 9.2 percent rise from a year ago.

Imports from Europe and the Americas amounted to SR18.6 billion and SR8.23 billion, respectively. Africa supplied SR2.79 billion worth of goods, while imports from Oceania totaled SR719.7 million.

China led all countries as the top source of imports, with SR19.54 billion worth of shipments in June, a 27.7 percent year-on-year increase. The US followed with SR5.79 billion, ahead of the UAE at SR4.31 billion, India at SR3.19 billion, and Germany at SR2.94 billion.  Sea routes were the dominant entry channel for imports, accounting for SR41.47 billion — a 4.3 percent decrease year on year. Air and land routes handled SR21.2 billion and SR7.35 billion worth of inbound goods, respectively.

King Abdulaziz Sea Port in Dammam led all seaports with SR17.7 billion in imports, followed by Jeddah Islamic Sea Port at SR16.18 billion and Ras Tanura Port at SR1.28 billion.

Among land entry points, Al-Batha Port managed SR3.07 billion worth of goods, while Riyadh Dry Port and King Fahad Bridge processed SR2.14 billion and SR691.7 million, respectively.

A mixed picture

While non-oil exports strengthened, ����ֱ��’s overall trade performance showed mixed signals across the second quarter of the year.

During this period, a 15.8 percent drop in oil exports dragged total merchandise exports down by 7.3 percent year on year. Combined with a 13.1 percent rise in imports, this pushed the merchandise trade balance surplus down by 56.2 percent compared to the same period in 2024.  Oil’s share of the Kingdom’s total exports slipped from 74.7 percent to 67.9 percent in the quarter, reflecting a gradual rebalancing of the
export basket.

RIYADH: ����ֱ��’s Tadawul All Share Index fell on Thursday, dropping 76.14 points, or 0.7 percent, to close at 10,732.31.

Total trading turnover reached SR3.94 billion ($1.05 billion). Of the traded stocks, 59 advanced while 190 declined.

The MSCI Tadawul 30 Index lost 9.06 points, or 0.65 percent, to settle at 1,384.65. 

The parallel market, Nomu, however, ended higher, gaining 122.07 points, or 0.47 percent, to 26,303.65, with 46 gainers and 42 losers.

The day’s top performer was Sport Clubs Co., which gained 5.28 percent to close at SR11.76. 

Other gainers included Arab National Bank, up 4.31 percent to SR23.50; Middle East Paper Co., rising 3.67 percent to SR28.28; and Nice One Beauty Digital Marketing Co., which climbed 3.07 percent to SR25.20.

Leading decliners were Thimar Development Holding Co., down 3.94 percent to SR42.46, followed by Saudi Company for Hardware, which fell 3.39 percent to SR28.50. Riyadh Cables Group Co. dropped 3.23 percent to SR129, while Saudi Kayan Petrochemical Co. declined 3.21 percent to SR5.12.

On the announcements front, Saudi Awwal Bank announced the completion of its $1.25 billion Tier 2 Capital Green Notes issuance, according to a statement published on the Saudi Exchange.

The offering was carried out under the bank’s medium-term note program and was extended to eligible investors in ����ֱ�� and internationally.

The notes, which are denominated in US dollars, carry a fixed annual return of 5.947 percent and will mature in 10 years, with a call option after five years. The issuance included 6,250 notes, each with a par value of $200,000.

Settlement of the notes is scheduled for Sept. 4.

The bank noted that the issuance reflects its ongoing efforts to support environmental sustainability while enhancing its capital base in line with regulatory requirements and long-term strategic objectives.

Saudi Awwal Bank’s share price decreased by 0.53 percent to close at SR30.16.

Alinma Bank also completed the offering of its $500 million US dollar-denominated Sustainable Additional Tier 1 Capital Certificates under its dedicated issuance program, the bank announced on Wednesday via the Saudi Exchange.

The issuance, launched on Aug. 27, was offered to eligible investors both within ����ֱ�� and internationally. Settlement is expected to take place on Sept. 3.

According to the bank, a total of 2,500 certificates were issued, each with a par value of $200,000. The certificates carry a fixed annual return of 6.25 percent and are structured as perpetual instruments, meaning they do not have a fixed maturity date but are callable after five and a half years.

The offering forms part of Alinma Bank’s long-term capital strategy to bolster its capital base and support sustainable growth. The proceeds from the issuance are expected to align with the bank’s broader environmental, social and governance commitments, although specific project allocations have not been disclosed.

The certificates were issued under the bank’s Additional Tier 1 Capital Certificate Issuance Programme, which provides flexibility in redemption terms as outlined in the official offering circular.

Based in Riyadh, Alinma Bank is one of the Kingdom’s leading Shariah-compliant financial institutions, offering a full suite of retail, corporate, investment and treasury services.

Alinma Bank’s share price decreased by 1.10 percent to close at SR25.20.

On a broader perspective, Saudi Exchange approved Merrill Lynch Kingdom of ����ֱ�� to begin market making activities on 18 listed securities across both the Main Market and Nomu – Parallel Market, effective Aug. 28.

The approval, announced on Wednesday, enables the financial institution to support liquidity and trading volumes on a diversified range of securities listed on both platforms. The move is expected to enhance market efficiency and provide investors with tighter spreads and improved access to selected equities.

Among the approved securities in the Main Market are Umm Al Qura for Development and Construction Co., Saudi Aramco Base Oil Co., Miahona Co., Arabian Drilling Co., and Saudi Research and Media Group. In the Nomu – Parallel Market, approved entities include Gas Arabian Services Co., Canadian Medical Center Co., and Edarat Communication and Information Technology Co.

Each security carries specific market making obligations in terms of minimum order presence, order size, spread limits, and minimum value traded requirements, tailored to reflect the trading dynamics and liquidity needs of the individual stocks.

For instance, market making obligations for Umm Al Qura for Development and Construction Co. and Saudi Aramco Base Oil Co. include a minimum presence of orders of 80 percent, a minimum size of $150,000, and a maximum spread of 0.65 percent.

Meanwhile, securities on the parallel market such as AME Company for Medical Supplies and Purity for Information Technology Co. are subject to a minimum order presence of 50 percent, a minimum size of $50,000, and a spread cap of 5 percent.

The announcement reflects Saudi Exchange’s commitment to bolstering secondary market activity and increasing market depth as part of the kingdom’s broader strategy to advance capital market development under Vision 2030.

This approval covers only a portion of the 18 securities and demonstrates the exchange’s ongoing efforts to attract more market participants and create a more robust trading environment.