8 things to watch on Tadawul today

(Reuters)
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Updated 20 December 2020
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8 things to watch on Tadawul today

Here are a few things you need to know as Saudi stocks start trading on Sunday.

1) Saudi Electricity Co. (SEC) signed a memorandum of understanding (MoU) with Japan Bank for International Cooperation (JBIC) to finance its existing and future projects, and promote energy conversion.

2) Etihad Etisalat Co.’s (Mobily) board of directors recommended a 5 percent cash dividend for the fiscal year 2020, at SR0.5 ($0.61) per share, amounting to SR385 million.

3) Yamama Cement Co. made an early repayment of the loan installment amounting to SR738 million from its available cash balance.

4) Rabigh Refining and Petrochemical Co. signed an agreement with TAQAT Co. to build and operate a new high-quality petroleum coke (petcoke) plant at the company’s complex.

5) Taiba Investment Co.’s board of directors recommended a 5 percent cash dividend for the second half of 2020, at SR0.5 per share, amounting to SR80.23 million.

6) Red Sea International Co. signed a facilities management contract worth SR210 million with The Red Sea Development Company (TRSDC).

7) SEDCO Capital, the fund manager of SEDCO Capital REIT Fund, said that a preliminary ruling was delivered by Jeddah General Court to terminate the lease contract signed with Dar Al-Masarat Al-Arabia Co. Ltd. for Burj Hayat Hotel Riyadh.

8) Brent crude on Friday gained 76 cents to reach $52.26 per barrel. WTI crude also increased 74 cents to reach $49.10/bbl.

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Closing Bell: Saudi main index slips to close at 11,228 

Updated 15 February 2026
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Closing Bell: Saudi main index slips to close at 11,228 

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, lost 23.17 points, or 0.21 percent, to close at 11,228.64. 

The total trading turnover of the benchmark index was SR2.99 billion ($797 million), as 170 of the stocks advanced and 82 retreated.    

On the other hand, the Kingdom’s parallel market Nomu gained 449.38 points, or 1.90 percent, to close at 24,093.12. This comes as 43 of the stocks advanced while 27 retreated.    

The MSCI Tadawul Index lost 6.07 points, or 0.40 percent, to close at 1,511.36.     

The best-performing stock of the day was Obeikan Glass Co., whose share price surged 7.54 percent to SR27.66.  

Other top performers included Alamar Foods Co., whose share price rose 6.80 percent to SR47.10, as well as Saudi Kayan Petrochemical Co., whose share price climbed 6.79 percent to SR5.66.   

Saudi Investment Bank recorded the steepest drop, falling 3.21 percent to SR13.56. 

Jahez International Co. for Information System Technology also saw its share price fall 3.15 percent to SR13.55. 

Rabigh Refining and Petrochemical Co. declined 2.78 percent to SR7.34. 

On the announcements front, Tanmiah Food Co. reported its annual financial results for the period ending Dec. 31. According to a Tadawul statement, the company recorded a net loss of SR18.8 million, compared with a net profit of SR95.8 million a year earlier. 

The net loss was mainly due to ongoing market challenges that resulted in continued pricing pressures in fresh poultry, inflationary cost pressures, higher financing expenses, and depreciation and ramp-up costs from new facilities, partially offset by increased production volumes and cost-optimization initiatives.  

Tanmiah Food Co. ended the session at SR58.20, up 3.72 percent. 

United International Holding Co., also known as Tas’heel, announced its annual financial results for the period ending Dec. 31. A bourse filing showed the company recorded a net profit of SR273.64 million in 2025, up 23.05 percent from 2024, primarily driven by a 23.4 percent rise in revenues. The revenue growth helped lift gross profit by 23.7 percent. 

Tas’heel ended the session at SR146.80, down 0.28 percent.