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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. 

The best-performing stock on the main market was Fawaz Abdulaziz Alhokair Co., also known as Cenomi Retail, with its share price rising 9.97 percent to SR28.68. 

Retal Urban Development Co. shares climbed 5.85 percent to SR12.30, while Saudi Ground Services Co. gained 5.60 percent to SR44.10. 

Conversely, National Medical Care Co. fell 1.82 percent to SR161.50. 

In corporate news, Almarai Co. announced the launch of its dollar-denominated sukuk under its $2 billion Trust Certificate Issuance Program. 

According to a Tadawul statement, the offering period began on Sept. 16 and will run through Sept. 17. The minimum subscription is $200,000, in increments of $1,000, while the final value, return, and maturity will be determined by market conditions. 

Almarai’s share price rose 2.53 percent to SR45.10. 

First Milling Co. said it signed a binding agreement to acquire 60 percent of the share capital of Al-Kenan Al-Arabia Trading Co., a single-person limited liability company registered in ��������. 

The Tadawul statement noted that the transaction includes the transfer of ownership in accordance with the agreement’s terms and conditions, subject to regulatory approvals and customary conditions required to complete such deals. 

First Milling added that the acquisition aligns with its growth strategy, aimed at expanding activities in the feed sector, diversifying revenue sources, and strengthening its market position in the Kingdom and beyond. 

The company’s share price rose 0.69 percent to SR51.30. 

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.
SCZONE Chairman Walid Gamal El-Din emphasized that the zone’s performance came despite a 54 percent decline in Suez Canal transit revenues caused by reduced shipping traffic in the Red Sea. 
He noted that growth was supported by contracts worth $8.6 billion covering 297 industrial, service, and port projects.
During the 2024-25 fiscal year, the authority finalized 129 projects valued at $4.4 billion, generating over 31,000 direct jobs. From July through mid-September of the current fiscal year, an additional 26 industrial and logistics contracts were signed in Sokhna and Qantara West with a combined value of $1.85 billion, expected to create 21,800 jobs.
Since mid-2022, SCZONE has secured a total of 334 projects worth $10.4 billion. Of these, 323 projects are located in industrial zones, accounting for $8.9 billion in investment and nearly 100,000 planned jobs, while 11 projects in the seaports represent $1.5 billion. The investment portfolio spans sectors including solar panels, tires, garments, metals, logistics, and recycled materials.
Qantara West has emerged as a key growth hub, now hosting 40 projects worth $1.05 billion and projected to create 55,900 jobs. For the first time, projects have also been launched in Ismailia East’s Technology Valley in Sinai.
The board also endorsed five new projects totaling $155 million in investment across 441,000 sq. meters, expected to generate 5,100 jobs. Four will be located in Qantara West, including ventures from Chinese and Pakistani firms in textiles and garments, along with a facility for recycled PVC flooring and wall panels. The fifth, led by Egyptian-Turkish joint venture SIGMA EGYPT, will establish bonded container yards in Qantara West and Sokhna.