黑料社区

Closing Bell: Saudi main index slips to close at 11,052聽

Closing Bell: Saudi main index slips to close at 11,052聽
The total trading turnover of the benchmark index reached SR2.60 billion ($695 million), with 27 stocks advancing and 228 retreating.聽聽Shutterstock
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Updated 47 min 32 sec ago

Closing Bell: Saudi main index slips to close at 11,052聽

Closing Bell: Saudi main index slips to close at 11,052聽

RIYADH: 黑料社区鈥檚 Tadawul All Share Index slipped on Sunday, falling 125.05 points, or 1.12 percent, to close at 11,052.61.聽

The total trading turnover of the benchmark index reached SR2.60 billion ($695 million), with 27 stocks advancing and 228 retreating.聽聽

Similarly, the Kingdom鈥檚 parallel market Nomu dropped 292.36 points, or 1.21 percent, to close at 23,950.02, as 22 stocks advanced while 52 declined.聽

The MSCI Tadawul Index fell 13.72 points, or 0.95 percent, to close at 1,437.75.聽

The best-performing stock of the day was Allied Cooperative Insurance Group, whose share price surged 8.09 percent to SR9.75.聽

Other top performers included Batic Investments and Logistics Co., which rose 2.31 percent to SR2.21, and Saudi Azm for Communication and Information Technology Co., which gained 1.68 percent to reach SR24.14.聽

Saudi Automotive Services Co. recorded the steepest decline, falling 5.62 percent to SR63.聽

Al Majed Oud Co. also saw its share price fall 5.29 percent to SR136, while Saudi Darb Investment Co. dropped 5.00 percent to SR2.47.聽

On the announcement front, Rabigh Refining and Petrochemical Co., known as Petro Rabigh, said it has reduced its accumulated losses to 39.94 percent of share capital. According to a Tadawul statement, measures taken to lower accumulated losses included increasing the company鈥檚 share capital by SR5.26 billion through the issuance of 526.36 million ordinary Class B shares to founding shareholders Saudi Aramco and Sumitomo Chemical Co. in equal proportion.聽

Petro Rabigh closed the session at SR8.95, down 4.02 percent.聽

Almoosa Health Co. announced it had signed a Shariah-compliant credit facility agreement worth SR1.34 billion with Saudi Awwal Bank. A bourse filing said the 10-year facility will finance the Almoosa Specialist Hospital project in Alkhobar.聽

Almoosa Health Co. ended the session at SR177.80, down 0.95 percent.聽

Middle East Specialized Cables Co. reported that its board approved distributing SR20 million in cash dividends for the second half of the 2025 fiscal year. According to a Tadawul filing, 40 million shares are eligible for dividends, with a payout of SR0.50 per share and a dividend yield equivalent to 5 percent of par value.聽

Middle East Specialized Cables Co. closed at SR24.45, down 0.25 percent.聽


Saudi transport minister opens $165m Agility Logistics Park in Jeddah聽

Saudi transport minister opens $165m Agility Logistics Park in Jeddah聽
Updated 54 min 42 sec ago

Saudi transport minister opens $165m Agility Logistics Park in Jeddah聽

Saudi transport minister opens $165m Agility Logistics Park in Jeddah聽

JEDDAH: 黑料社区鈥檚 logistics sector received a significant boost as Transport Minister Saleh Al-Jasser inaugurated the SR611 million ($165 million) Agility Logistics Park in Jeddah.  

Developed by Agility Logistics Parks, the site features six Class-A warehouses built to international standards and designed to serve key sectors including retail, consumer goods, technology, as well as automotive, energy and e-commerce, the Saudi Press Agency reported. 

The move aligns with the Kingdom鈥檚 push to position itself as a global logistics hub and advance the targets of the National Transport and Logistics Strategy under Vision 2030. 

On the occasion, Al-Jasser said: 鈥淭he successive investments from both global and local private sectors in the logistics and supply chain industry reflect the attractiveness of 黑料社区's logistics sector.鈥 

He added that the industry has attracted substantial investment from leading global logistics companies. This has been driven by structural reforms, strong operational growth, rising performance levels, and major advancements in logistics infrastructure projects. 

Al-Jasser highlighted the strategic partnership with the private sector and the substantial economic and developmental opportunities available in the Kingdom's transport and logistics industry. 

The minister added that these investments reflect a shared, long-term commitment with private-sector partners to develop modern, high-quality logistics infrastructure. This includes strengthening supply chain operations, supporting data centers, leveraging artificial intelligence, and driving business growth and investment. 

He also underscored the role of logistics investments in creating direct and indirect employment opportunities, supporting economic growth, and strengthening the sector's long-term competitiveness. 

Agility Global Chairman Tarek Sultan said: 鈥淭he inauguration of the Agility Logistics Complex in Jeddah aligns with our long-term strategic commitment to invest in and enhance the Kingdom's logistics ecosystem under Vision 2030.鈥 

He added: 鈥淏y establishing Class-A logistics complexes in Jeddah, connected to national trade corridors including the expanded Jeddah Islamic Port and associated transport and logistics projects, we contribute to the Kingdom's efforts to improve the efficiency of global supply chains and develop a more resilient and sustainable infrastructure.鈥 

He further said that the new complex represents an advanced model of speed, reliability, and sustainable solutions for companies operating in one of the region's most dynamic commercial hubs. 

Built on 576,760 sq. meters of land with more than 338,000 sq. meters of built-up space, the complex is located in the Al-Mahjar district, 11 km from Jeddah Islamic Port and 15 km from the city center. The warehouses comply with Saudi Civil Defense, municipal and Saudi Food and Drug Authority regulations, and offer dry and temperature-controlled storage in a secure, 24-hour operational environment. 

The project forms part of Agility鈥檚 long-term investment strategy to expand and modernize the Kingdom's logistics infrastructure. It was developed in partnership with the General Authority for State Real Estate, which facilitated the land allocation for the complex.