Finance

Wed, 2025-09-17 16:56

RIYADH: ��ֱ��’s Tadawul All Share Index ended higher on Wednesday, increasing 131.66 points, or 1.25 percent, to close at 10,650.39.

Total trading turnover reached SR4.64 billion ($1.23 billion). A total of 205 stocks advanced, while 43 declined.

The MSCI Tadawul 30 Index gained 14.30 points, or 1.04 percent, to finish at 1,383.42

The Kingdom’s parallel market, Nomu, however gained 100.63 points, or 0.4 percent, to settle at 25,123.21, with 41 gainers against 44 fallers.

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Saudi Stock Exchange (Tadawul)

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Closing Bell

Saudi point-of-sale spending holds firm above $3bn

owen.bennett — Wed, 17 Sep 2025 08:48:27 +0000

article author:

Nirmal Narayanan

Wed, 2025-09-17 11:30

RIYADH: ��ֱ��’s point-of-sale transactions held above the $3 billion mark for a 12th straight week, supported by resilient consumer demand for food and beverages, official data showed.

The Saudi Central Bank, known as SAMA, reported that POS spending totaled SR13.10 billion ($3.49 billion) in the week ending Sept. 13, with the number of transactions at 231.05 million.

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��ֱ��’s Social Development Bank grants $1.73bn in financing by Q3

shahrukh.jamshed — Tue, 16 Sep 2025 17:00:25 +0000

article author:

Nirmal Narayanan

Author:

Tue, 2025-09-16 19:55

RIYADH: ��ֱ��’s Social Development Bank disbursed SR6.5 billion ($1.73 billion) in financing in the first nine months of 2025, benefiting over 90,000 citizens and enterprises, after extending SR8 billion in 2024.

Of this, SR2.5 billion supported self-employed practitioners and productive families, reaching 53,000 beneficiaries — including 14,500 in the third quarter, the Saudi Press Agency reported.

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Saudi Stock Exchange (Tadawul)

Closing Bell: Saudi main index rises to 10,519

owen.bennett — Tue, 16 Sep 2025 13:15:02 +0000

article author:

Nirmal Narayanan

Author:

Tue, 2025-09-16 16:07

RIYADH: ��ֱ��’s Tadawul All-Share Index rebounded on Tuesday, gaining 91.67 points, or 0.88 percent, to close at 10,518.73.

The total trading turnover of the benchmark index was SR4.32 billion ($1.15 billion), with 233 stocks advancing and 20 declining.

��ֱ��’s parallel market, Nomu, also rose 0.29 percent, closing at 25,022.58.

The MSCI Tadawul Index edged up 0.81 percent to 1,369.12.

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Suez Canal Economic Zone reports 38% revenue growth, secures $6.3bn in projects

ameen.syed — Tue, 16 Sep 2025 10:40:07 +0000

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Tue, 2025-09-16 13:35

RIYADH: The Suez Canal Economic Zone has attracted $6.3 billion in new investments across 155 projects over the past 14 months, while reporting record revenues of 11.6 billion Egyptian pounds ($237 million) for the 2024-25 fiscal year — up 38 percent year on year.
At its second board meeting of the fiscal year, held in Egypt’s new administrative capital, the authority approved its final accounts, showing net profits of 8.6 billion pounds, a 51 percent increase on the previous year and nearly triple budget expectations. Expenditure stood at 2 billion pounds.

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Closing Bell: Saudi main market closes lower at 10,427

ameen.syed — Mon, 15 Sep 2025 13:28:14 +0000

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Mon, 2025-09-15 16:24

RIYADH: ��ֱ��’s Tadawul All Share Index ended lower on Monday, falling 6.92 points, or 0.07 percent, to close at 10,427.06.

Total trading turnover reached SR6.55 billion ($1.74 billion). A total of 160 stocks advanced, while 89 declined.

The MSCI Tadawul 30 Index slipped 3.90 points, or 0.29 percent, to finish at 1,358.14. The Kingdom’s parallel market Nomu, however, gained 37.71 points, or 0.15 percent, to settle at 24,950.56, with 39 gainers against 35 losers.

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Saudi inflation edges up to 2.3% in August, rents remain the key driver

owen.bennett — Mon, 15 Sep 2025 12:34:43 +0000

article author:

Dayan Abou Tine

Author:

Mon, 2025-09-15 15:27

RIYADH: ��ֱ��’s annual inflation rate ticked up to 2.3 percent in August from 2.1 percent in July, with housing rents continuing to do most of the lifting, official data showed.

According to the General Authority of Statistics, the housing, water, electricity, gas, and other fuels division rose 5.8 percent year on year, driven by a 7.6 percent increase in actual rentals — the biggest single contribution to headline inflation because housing carries the largest weight in the Consumer Price Index basket.

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GCC central banks’ foreign assets climb 6.3% to $762bn

owen.bennett — Mon, 15 Sep 2025 11:11:59 +0000

article author:

Miguel Hadchity

Author:

Mon, 2025-09-15 13:50

RIYADH: Foreign assets of Gulf central banks grew by 6.3 percent in 2024 to reach $761.9 billion, supported mainly by higher reserves in the UAE, according to figures from the Gulf Cooperation Council Statistical Center.

The report, “Monetary and Financial Developments in the GCC States in 2024,” showed the UAE’s net foreign assets jumped 26 percent, accounting for 30.3 percent of the bloc’s total. Oman and Qatar also contributed with gains of 4.8 percent and 4.5 percent, respectively.

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Gulf Cooperation Council Statistical Center

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bank assets

Syria targets $2bn in budget revenues from state-owned firms

ameen.syed — Mon, 15 Sep 2025 10:18:23 +0000

article author:

REEM WALID

Mon, 2025-09-15 13:15

RIYADH: Syria plans for state-owned economic enterprises to contribute over $2 billion per annum to the national budget within the next two to three years, the country’s finance minister revealed.

In a post on Facebook, Yisr Barnieh explained that the aim is for these companies to be overseen by boards primarily composed of independent experts, rather than government officials serving due to their public sector roles.

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��ֱ��’s money supply rises 8.4% to $829bn

owen.bennett — Mon, 15 Sep 2025 10:12:15 +0000

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Mon, 2025-09-15 13:02

RIYADH: ��ֱ��’s broad money supply climbed 8.4 percent in July from a year earlier, adding SR239.97 billion ($63.9 billion) to reach SR3.11 trillion, driven by higher deposits, official data showed.

The liquidity gauge, known as M3, also advanced 2.1 percent quarter on quarter, rising to SR3.12 trillion by the end of June from SR3.06 trillion in March, the Saudi Press Agency reported, citing central bank figures.

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Closing Bell: Saudi main index slips to 10,433

ameen.syed — Sun, 14 Sep 2025 13:50:03 +0000

article author:

Reem Walid

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Sun, 2025-09-14 16:45

RIYADH: ��ֱ��’s Tadawul All Share Index slipped on Sunday, losing 19.08 points, or 0.18 percent, to close at 10,433.98.

The total trading turnover of the benchmark index stood at SR2.76 billion ($738 million), with 85 stocks advancing and 171 declining.

The Kingdom’s parallel market Nomu also fell, shedding 113.37 points, or 0.45 percent, to close at 24,912.85, as 31 stocks advanced while 51 retreated.

The MSCI Tadawul Index edged down 0.83 points, or 0.06 percent, to 1,362.04.

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Oman’s non-oil exports jump 9.1% in H1 despite falling trade surplus

ameen.syed — Sun, 14 Sep 2025 10:57:21 +0000

article author:

Mohammed Al-Kinani

Author:

Sun, 2025-09-14 13:55

JEDDAH: Oman's non-oil exports rose 9.1 percent in the first half of 2025, climbing to 3.26 billion rials ($8.48 billion), as the Sultanate’s diversification efforts gained traction despite a sharp decline in its trade surplus, preliminary data showed.

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