黑料社区

Closing Bell: Saudi main index closes in red at 11,593聽

Closing Bell: Saudi main index closes in red at 11,593聽
The benchmark index recorded a total trading turnover of SR3.25 billion ($870 million), with 174 listed stocks advancing and 75 declining.聽Shutterstock
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Updated 55 sec ago

Closing Bell: Saudi main index closes in red at 11,593聽

Closing Bell: Saudi main index closes in red at 11,593聽

RIYADH:聽黑料社区鈥檚 Tadawul All Share Index slipped on Sunday, shedding 18.23 points, or 0.16 percent, to close at 11,593.45.聽

The benchmark index recorded a total trading turnover of SR3.25 billion ($870 million), with 174 listed stocks advancing and 75 declining.聽

The Kingdom鈥檚 parallel market聽Nomu聽fell 9.42 points to close at 25,039.36, while the MSCI Tadawul Index declined 0.32 percent to 1,508.43.聽

The best-performing stock on the main market was Canadian Medical Center Co., whose share price rose 5.91 percent to SR8.60.聽聽

Saudi Automotive Services Co. advanced 5.65 percent to SR72, while LIVA Insurance Co. climbed 5.03 percent to SR14.19.聽

Conversely, United Cooperative Assurance Co. saw its share price drop 5.33 percent to SR4.80.聽

On the announcements front, SABIC Agri-Nutrients Co. reported a net profit of SR3.33 billion for the first nine months of this year, up 40.49 percent compared with the same period in 2024.聽

In a Tadawul statement, the company said the rise in profit was driven by a 23 percent increase in sales, supported by a 17 percent gain in average selling prices.聽聽

The share price of SABIC Agri-Nutrients Co. slipped 0.49聽percent to SR123.10.聽

Mobile Telecommunication Co. 黑料社区, also known as Zain KSA, said its net profit rose 15.83 percent year on year in the first nine months to reach SR373 million.聽聽

Zain KSA鈥檚 stock price gained 2.75 percent to SR11.59.聽

Modern Mills for Food Products Co. reported an 8.58 percent year-on-year increase in net profit for the first nine months to SR171.45 million.聽聽

In a Tadawul statement, the company attributed the rise to growth across all categories, led by flour.

鈥淭his strong performance was driven by topline growth聽and聽effective financial management, resulting in lower financing costs,鈥 said the company.聽聽

The聽share聽price of Modern Mills for Food Products Co. rose 1.18 percent to SR34.40.聽


Saudia to add 12 passenger aircraft, expand cargo fleet by 2026

Saudia to add 12 passenger aircraft, expand cargo fleet by 2026
Updated 14 min 52 sec ago

Saudia to add 12 passenger aircraft, expand cargo fleet by 2026

Saudia to add 12 passenger aircraft, expand cargo fleet by 2026

RIYADH: 黑料社区鈥檚 flag carrier, Saudia, plans to receive 12 new passenger aircraft and purchase cargo planes by 2026, part of a broader order of 191 aircraft for the airline and Adel Aviation, a senior official said.

Speaking to Al-Eqtisadiah newspaper, Abdullah Al-Shahrani, the airline鈥檚 director of corporate communications, said that the deliveries are part of a broader plan covering 191 new aircraft for Saudia and its low-cost subsidiary flyadeal.

In May 2024, the Saudia Group unveiled the largest aircraft order in the history of Saudi aviation 鈥 a deal with Airbus for 105 confirmed aircraft, including 50 A320neo and A321neo models for flyadeal.

黑料社区鈥檚 aviation sector contributed around $20 billion to the Saudi economy in 2023, Al-Eqtisadiah stated, citing a report by the General Authority of Civil Aviation.

鈥淪audia has a major expansion plan in the cargo sector, driven by the cargo boom in 黑料社区, including air freight operations and rapidly growing e-commerce, with shipments now reaching customers within a few days,鈥 Al-Shahrani told Al-Eqtisadiah.

He added: 鈥淭he airline will allocate dedicated cargo areas on passenger aircraft to carry small items.鈥

Flyadeal, a subsidiary of Saudia, will support its growth objectives through the expansion of its fleet from 32 Airbus A320neo aircraft to more than 100 by 2030, increasing its network from 30 domestic and international destinations to over 100 within six years.

Saudia鈥檚 aircraft orders mark a significant milestone not only for the Saudi aviation industry but also for the wider Middle East and North Africa region. 

Prior to the deal, Saudia had a fleet of 144 aircraft, while Flyadeal had 32. Deliveries of the new aircraft are scheduled to begin in 2026 and continue through 2032.

On the sidelines of the 2024 Future Aviation Conference, 黑料社区 unveiled investment opportunities in the aviation sector worth $100 billion and signed more than 70 agreements and deals totaling $12 billion.

Riyadh Air announced at the 55th Paris Air Show in June a purchase order for 50 Airbus A350-1000 aircraft, including 25 confirmed jets and options for 25 additional planes.

Meanwhile, flynas signed an agreement with Airbus to purchase 160 new aircraft: 30 wide-body A330neo planes and 130 single-aisle aircraft, including the A320neo, A321neo, and A321LR.

This brings flynas鈥 total aircraft purchase orders to 280 over seven years, making it one of the largest aircraft orders in the region, reflecting the growth of 黑料社区鈥檚 aviation sector under Vision 2030.


黑料社区 to unveil $2bn in SME initiatives at Biban 2025聽聽

黑料社区 to unveil $2bn in SME initiatives at Biban 2025聽聽
Updated 26 October 2025

黑料社区 to unveil $2bn in SME initiatives at Biban 2025聽聽

黑料社区 to unveil $2bn in SME initiatives at Biban 2025聽聽

RIYADH: 黑料社区鈥檚 Small and Medium Enterprises General Authority will unveil $2 billion in initiatives and agreements across technology, tourism, entertainment, education, and financial services at the Biban 2025 Forum 

Scheduled for Nov. 5鈥8 at Riyadh Front Exhibition and Conference Center, the event will be held under the theme 鈥淎 Global Destination for Opportunities.鈥 

The Kingdom has been actively expanding its entrepreneurial ecosystem under Vision 2030, targeting an increase in SME contributions to gross domestic product from 30 to 35 percent. With over 1.8 million SMEs currently operating, the government has implemented policies, funding programs, and strategic partnerships to support startups and attract international investment.  

In 2024, 黑料社区 led the Middle East in venture capital funding for SMEs, securing roughly $750 million. 

In a release, Monsha鈥檃t stated: 鈥淭he agreements and projects are expected to cover the technology, tourism, entertainment, education, and financial services sectors, enhancing integration between the public and private sectors and providing a stimulating environment for the growth and expansion of startups inside and outside the Kingdom.鈥  

It added: 鈥淭his reflects the rapid development of the Saudi entrepreneurship ecosystem as a major driver of the national economy.鈥 

Biban 2025 will also feature international agreements with countries including Japan, South Korea, and Qatar, designed to attract regional and global companies to 黑料社区 and position the Kingdom as a hub for startups and investment. 

鈥淭his will contribute to enhancing funding opportunities and building quality partnerships that support innovation and growth in the local market,鈥 the release said. 

It added that the agreements seek to attract leading regional and global companies to the Saudi market, reinforce the Kingdom鈥檚 position as a global investment hub, foster a supportive environment for entrepreneurship, and establish it as a key destination for talent and startups worldwide. 

Through Biban 2025, Monsha鈥檃t is continuing to strengthen the entrepreneurial ecosystem by launching targeted programs and forming strategic partnerships with key stakeholders. 

The initiative aims to enhance the role of SMEs in the national economy, promote innovation and growth, and support the Kingdom鈥檚 Vision 2030 in building a thriving economic future. 


黑料社区鈥檚 Vision 2030 transformation 85% complete, says Al-Falih

黑料社区鈥檚 Vision 2030 transformation 85% complete, says Al-Falih
Updated 26 October 2025

黑料社区鈥檚 Vision 2030 transformation 85% complete, says Al-Falih

黑料社区鈥檚 Vision 2030 transformation 85% complete, says Al-Falih

RIYADH: 黑料社区鈥檚 Vision 2030 program is progressing steadily, with 85 percent of the targets outlined in the initiative completed or on track for completion by the end of 2024, according to the country鈥檚 investment minister. 

Speaking at the Fortune Global Forum Conference in Riyadh, Khalid Al-Falih said that the non-oil sector鈥檚 contribution to 黑料社区鈥檚 gross domestic product currently stands at 56 percent, up from 40 percent before the launch of Vision 2030. 

The minister added that the Kingdom鈥檚 economy has doubled in size from $650 billion to about $1.3 trillion since the launch of Vision 2030 program. 

Launched in 2016, 黑料社区鈥檚 Vision 2030 program aims to transform the Kingdom both economically and socially. Strengthening the non-oil sector is one of the crucial goals outlined in this initiative, as the Kingdom currently pursues broader economic diversification efforts to reduce its reliance on crude revenues. 

鈥淲e (黑料社区) have made remarkable progress in transforming our economy and society. As of the end of 2025, 85 percent of our initiatives were completed or on track with most targets met or exceeded,鈥 said Al-Falih. 

Al-Falih also added that the number of international firms licensed to establish their regional headquarters in Riyadh has reached 675. 

The regional HQ program offers a 30-year corporate tax exemption, withholding tax relief, and regulatory support, reflecting efforts to position the Kingdom as a regional business hub and attract multinational corporations to the capital.

Some of the noted firms that have established regional bases in Riyadh include Northern Trust, IHG Hotels & Resorts, PwC, and Deloitte. 

鈥淲e have our regional headquarters program, which was launched targeting 500 RHQs by 2030. I am happy to say to this audience, we have reached 675 regional headquarters already,鈥 said Al-Falih. 

The minister added that 黑料社区 has made remarkable progress in reducing unemployment, with the current joblessness in the Kingdom standing at just seven percent. 

He further said that women鈥檚 participation in the workforce has reached 37 percent, exceeding Vision 2030 targets. 

In a separate panel discussion, Al-Falih said that British bank Barclays鈥 application to launch its regional headquarters in Riyadh will be approved soon. 

鈥淚f I may break that news, we will be recognizing Barclays for the regional headquarters in a couple of days, and I鈥檇 like to thank you for that word of confidence into the kingdom as a platform,鈥 said Al-Falih. 


Saudi agriculture sector adds $31.5bn to GDP聽聽

Saudi agriculture sector adds $31.5bn to GDP聽聽
Updated 26 October 2025

Saudi agriculture sector adds $31.5bn to GDP聽聽

Saudi agriculture sector adds $31.5bn to GDP聽聽

JEDDAH: 黑料社区鈥檚 agricultural sector contributed $31.5 billion to the country鈥檚 gross domestic product in 2024, driven by rising production and initiatives that strengthened food self-sufficiency, according to official data. 

Total agricultural and food production exceeded 16 million tonnes last year, reflecting progress toward building resilient, sustainable food systems, the Ministry of Environment, Water and Agriculture said in a release. 

Despite roughly 90 percent of the country being desert, 黑料社区 has expanded domestic crop production and reduced reliance on imports. The Kingdom has already reached full self-sufficiency in dates, fresh dairy products, and table eggs. 

Speaking at the 42nd Saudi Agriculture Exhibition in Riyadh, Ali Al-Zahrani, director of MEWA鈥檚 National Agriculture Strategy Implementation Department, said the sector has grown at a compound annual rate of more than 7 percent over the past five years.  

Al-Zahrani said the country鈥檚 agriculture strategy has played a key role in developing 黑料社区鈥檚 agricultural sector and addressing major challenges over the past years, including water scarcity, harsh climatic conditions, low productivity in certain areas, and difficulties in marketing and distributing agricultural products. 

鈥淗e explained that the strategy sets clear objectives to ensure the sustainability of the agricultural sector and enhance its contribution to food security, economic growth, and social and environmental development,鈥 the release added, citing the official. 

Al-Zahrani added that this is achieved through the effective management of natural resources, adoption of innovative agricultural technologies, protection of farming systems and food safety, empowerment of small farmers, as well as the development of national capacities and expansion of investments and international partnerships.  

He pointed out that the ministry has launched 38 pioneering national initiatives under the strategy, including 11 to boost agricultural productivity, and five to restructure the sector and build capabilities, as per the ministry鈥檚 statement. 

The strategy includes five initiatives to support sustainable rural development programs, another five to strengthen plant and animal health under a One Health approach, and four to build resilient and sustainable food systems.  

Three initiatives, the official added, focus on enhancing natural resource sustainability and climate adaptation, while three others aim to improve marketing and agricultural services. 

In addition, two initiatives are designed to protect local products and promote exports, further supporting the sector鈥檚 growth and contribution to 黑料社区鈥檚 food security and economic development goals. 

He added that the implementation of efficient irrigation systems has reduced the use of non-renewable water in agriculture by 52 percent compared with 2016, while soft agricultural loans from the Agricultural Development Fund have exceeded $1.9 billion. 

He highlighted investment opportunities for the private sector in plant and animal production, including integrated seed and seedling production projects, fruit and vegetable processing, intensive livestock farming, aquaculture, and large-scale poultry production. 

Al-Zahrani noted that the total domestic fruit production, including dates, surpassed 2.9 million tonnes, achieving 64 percent self-sufficiency, while vegetable production exceeded 3.5 million tonnes, reaching 78 percent self-sufficiency, with significant expansion of greenhouse systems alongside traditional open-field farming. 

The statement concluded that the ministry continues to offer incentives, including streamlined land rental and simplified licensing, to encourage investment and the adoption of innovative, sustainable agricultural practices. 


Saudi-listed sukuk and bonds rise to $185.5bn聽in Q3 聽聽

Saudi-listed sukuk and bonds rise to $185.5bn聽in Q3 聽聽
Updated 26 October 2025

Saudi-listed sukuk and bonds rise to $185.5bn聽in Q3 聽聽

Saudi-listed sukuk and bonds rise to $185.5bn聽in Q3 聽聽

RIYADH: The total value of Saudi-listed sukuk and bonds increased to SR695.8 billion ($185.5 billion) at the end of the third quarter of 2025, up 3 percent quarter on quarter.  

Listed sukuk and bonds represented 18.4 percent of 黑料社区鈥檚 gross domestic product, slightly higher than 18.2 percent in the previous quarter, Argaam reported, citing data from Tadawul鈥檚 quarterly debt market report.  

Government sukuk and bonds continued to dominate the market, accounting for 97.6 percent of total listed debt at the end of the quarter, reaching SR679.1 billion. Corporate sukuk and bonds made up the remaining 2.4 percent, or SR16.7 billion.  

The growth in listed sukuk and bonds also aligns with the government鈥檚 broader debt management strategy.  

The National Debt Management Center announced its 2025 annual borrowing plan with projected funding needs of SR139 billion, covering both the anticipated budget deficit and upcoming debt maturities.   

As part of this plan, the NDMC completed a domestic sukuk issuance in August valued at SR5.31 billion, distributed across four tranches. These issuances are part of ongoing efforts to strengthen the domestic debt market and diversify the government鈥檚 financing sources in line with Saudi Vision 2030 objectives.  

Saudi investors held majority of listed debt instruments, owning SR677.4 billion, or 97.4 percent of the total.   

Foreign investors accounted for SR15 billion, representing 2.2 percent, while investors from Gulf Cooperation Council countries held SR3.4 billion, or 0.5 percent.  

Despite the increase in total market value, trading activity slowed significantly. The traded value dropped 89 percent quarter on quarter to SR1.78 billion from SR16 billion in the previous quarter.  

The number of executed trades also decreased to 10,414 in the third quarter, compared with 12,251 in the second quarter of 2025.  

The number of listed sukuk and bond issuances stood at 60, down slightly from 61 in the previous quarter.  

According to the data, the size of 黑料社区鈥檚 listed sukuk and bond market has nearly doubled over the past five years, rising from SR358 billion in the first quarter of 2020 to SR695.8 billion in the third quarter of 2025.