黑料社区

Closing Bell: Saudi main market closes lower at 10,885聽

Closing Bell: Saudi main market closes lower at 10,885聽
A total of 72 stocks advanced while 177 declined. Shutterstock
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Updated 28 July 2025

Closing Bell: Saudi main market closes lower at 10,885聽

Closing Bell: Saudi main market closes lower at 10,885聽

RIYADH: 黑料社区鈥檚 Tadawul All Share Index closed lower on Monday, falling 70.90 points, or 0.65 percent, to end the session at 10,885.32. 聽

The total trading turnover on the main market reached SR4.61 billion ($1.2 billion), with 546.78 million shares traded. A total of 72 stocks advanced while 177 declined.聽

The MSCI Tadawul 30 Index also dropped, losing 10.55 points, or 0.75 percent, to close at 1,399.41.聽

On the Kingdom鈥檚 parallel market Nomu, the index declined by 209.73 points, or 0.78 percent, to finish at 26,781.28. Of the listed companies, 31 gained while 49 fell.聽

Sport Clubs Co. led the gainers, rising 9.92 percent to SR11.19. It was followed by SHL Finance Co., which advanced 6.47 percent to SR23.85, and Allied Cooperative Insurance Group, which rose 6.13 percent to SR11.43.聽

Riyadh Cables Co. posted a gain of 4.73 percent, while Saudi Co. for Hardware rose 3聽percent.聽

On the other hand, Tourism Enterprise Co. recorded the sharpest decline of the session, falling 9.84 percent to SR1.10. Banque Saudi Fransi dropped 5.26 percent to SR16.92, while Raydan Food Co. fell 4.07 percent to SR13.66. 聽

Thob Al Aseel Co. declined by 3.93 percent, while Northern Region Cement Co. fell 3.89 percent.聽

On the announcement front, Al Majeed Oud Co. reported a 19.6 percent year-on-year increase in revenue for the first half of 2025, reaching SR618.8 million compared to SR517.2 million in the same period last year. 聽

The company also posted a 21.5 percent rise in net profit, which grew to SR145.2 million from SR119.5 million over the same timeframe.聽

According to the company, the increase in sales was driven by the performance of newly launched products, retail network expansion, growth in its e-commerce platform, and targeted marketing campaigns during the Ramadan and Hajj seasons. 聽

It attributed the rise in net profit to the same commercial factors, along with improved operational efficiency measures.聽

Shares of Al Majeed Oud Co. closed at SR130, down 1.52 percent.聽

Raoom Trading Co. reported a 13.7 percent year-on-year decline in revenue for the first half of 2025, with sales falling to SR51.5 million from SR59.7 million in the same period last year. 聽

Net profit also dropped sharply, falling 91.9 percent to SR2.2 million from SR28.3 million.聽

The company attributed the decline in revenue to lower average selling prices driven by market conditions and a reduction in sales volumes.聽

The fall in net profit was also linked to a SR3 million loss from the revaluation of financial assets at fair value, compared to a gain of SR14.8 million in the corresponding period of 2024.聽

Shares of Raoom Trading Co. closed at SR60.55, down 1.54 percent.聽


黑料社区, Canada explore ways to enhance cooperation in technology, innovation聽

黑料社区, Canada explore ways to enhance cooperation in technology, innovation聽
Updated 04 November 2025

黑料社区, Canada explore ways to enhance cooperation in technology, innovation聽

黑料社区, Canada explore ways to enhance cooperation in technology, innovation聽

RIYADH: 黑料社区鈥檚 technology and innovation partnership with Canada is set to receive a boost after senior ministers met to explore new avenues of cooperation and strengthen trade ties. 

Saudi Minister of Investment Khalid Al-Falih said in a post on X that he met with Canada鈥檚 Minister of Artificial Intelligence and Digital Innovation Evan Solomon to discuss ways to strengthen relations between the countries and to build partnerships that contribute to mutual economic growth, particularly in priority investment sectors. 

This comes as trade between the two nations continues to expand. In February, 黑料社区 exported SR641 million ($170 million) to Canada, marking an 86.6 percent increase from SR344 million in February 2024, according to data from the Observatory of Economic Complexity.

It also follows an agreement in January 2024 for both countries to re-exchange trade delegations to enhance economic relations and boost trade and investment flows. 

In a subsequent post on X, Al-Falih stated: 鈥淭he dialogue took place between me and Anita Anand, the Canadian Minister of Foreign Affairs, in the presence of the Saudi ambassador to Canada, Amal Yahya Al-Moallimi.鈥 

He added: 鈥淲e discussed supporting and strengthening relations between our two countries, and facilitating investment exchange, in order to achieve more fruitful cooperation in the most important sectors, which will bring success to both peoples.鈥 

Artificial intelligence has become a central pillar of 黑料社区鈥檚 post-oil economic strategy, with the Kingdom leveraging advanced technologies to drive data-led industries and automation. 

Now at the halfway point of Vision 2030, the country is accelerating efforts to position itself as a global technology leader, balancing innovation with sustainability goals. 
Key initiatives 鈥 including the Project Transcendence program, valued at around $100 billion 鈥 aim to further establish 黑料社区 as a global hub for AI innovation. 

Over the past five years, 黑料社区 has made significant progress toward establishing itself as a regional artificial-intelligence hub. PwC projects that AI could contribute about $235 billion 鈥 or 12.4 percent 鈥 to the Kingdom鈥檚 gross domestic product by 2030.