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RIYADH: ��������’s Tadawul All Share Index fell on Sunday, losing 119.56 points, or 1.03 percent, to close at 11,536.29. 

The benchmark index recorded a total trading turnover of SR4.44 billion ($1.18 billion), with 66 stocks advancing and 191 declining. 

The Kingdom’s parallel market Nomu also slipped 73.34 points, or 0.29 percent, to close at 24,943.63, as 26 stocks gained while 43 retreated. 

Meanwhile, the MSCI Tadawul Index dropped 18.74 points, or 1.24 percent, to finish at 1,489.32. 

Advanced Building Industries Co. was the day’s top performer, with its share price jumping 9.99 percent to SR39.18. Other notable gainers included Allied Cooperative Insurance Group, which rose 6 percent to SR11.83, and United Carton Industries Co., which advanced 5.14 percent to SR31.52. 

On the other hand, Naseej International Trading Co. posted the steepest loss, dropping 7.56 percent to SR54.40. Americana Restaurants International PLC declined 6.76 percent to SR2.07, while Saudi Co. for Hardware fell 6.02 percent to SR31.20. 

In corporate announcements, Nayifat Finance Co. reported a net profit of SR59.4 million for the first nine months of 2025, down 37 percent year on year, according to a Tadawul filing. The company attributed the decline to lower operating revenues and higher credit impairment charges aimed at improving its coverage ratio.  

Nayifat’s shares closed 1.13 percent lower at SR13.19. 

Arabian Drilling Co. said its net profit for the first nine months of 2025 dropped 70.8 percent to SR73.3 million, mainly due to a shift in its activity mix, with reduced offshore contributions partly offset by improvements in the land segment.  

The company’s shares rose 2.99 percent to SR88.55. 

Meanwhile, National Medical Care Co. posted a net profit of SR247.5 million for the first nine months of the year, up 17.3 percent from a year earlier. The increase was attributed to higher revenue and cost-optimization measures that improved margins at the gross, operating, and EBITDA levels.  

The stock ended 0.45 percent higher at SR177.80. 

RIYADH: A three-wheeled electric bicycle, an electric car described as the world’s fastest, and electric buses were among the key innovations showcased at the electric vehicle exhibition held in the Saudi capital over three days. 

�������� has set a clear goal of converting 30 percent of all vehicles in Riyadh to electric by 2030, as part of a broader strategy to halve the city’s emissions, reported. 

The fourth edition of the exhibition was organized within the framework of Vision 2030, which aims to advance clean transportation. It also served as a platform to discuss local manufacturing plans in the emerging EV sector — domestically, regionally, and globally — and to highlight efforts to develop the skills of Saudi nationals working in the industry. 

Visitors to the exhibition were greeted by strong competition among participating companies showcasing their latest transportation innovations. This competition extended beyond speed to include fueling methods and vehicle capabilities, underscoring that the energy source for future transportation has shifted from gasoline and diesel to electricity — Edison’s invention that transformed modern life. 

The exhibition featured the launch of several new vehicles. Bako Motors unveiled the Bako B1, a three-wheeled electric motorcycle designed for last-mile delivery services. The vehicle includes a solar roof that can generate enough energy for up to 50 km of daily driving, along with a 2,000-liter cargo capacity, addressing the needs of logistics firms seeking sustainable fleets. 

Also on display was the ROX ADAMAS, an all-terrain SUV showcased for the first time, while Lucid Motors presented its Gravity SUV, featuring a range exceeding 700 km and equipped with advanced driver-assistance technologies. 

DAN Motors introduced its CG150 motorcycle, featuring a 149cc engine, five-speed transmission, top speed of 95 km/h, an 11.5-liter fuel tank, and a payload capacity of up to 265 kg. 

This shift toward electric mobility is being driven by significant investments in local manufacturing and growing consumer confidence. Market studies suggest that about 40 percent of the population plans to purchase an electric vehicle within the next three years. 

A key theme at the exhibition was progress in infrastructure development. 

Faisal Sultan, regional president of Lucid Motors, said the organizational structure and infrastructure for EV adoption are now in place. He noted that the Public Investment Fund has established a specialized company to develop the national charging network, which has already expanded to more than 200 locations, with plans to exceed 1,000 charging stations by 2030.