Closing Bell: Saudi benchmark index ends the week in green at 11,915 

Saudi Stock Exchange (Tadawul) sign is seen at their headquarters in Riyadh. File/AFP
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Updated 15 August 2024
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Closing Bell: Saudi benchmark index ends the week in green at 11,915 

  • MSCI Tadawul Index increased by 4.49 points, or 0.30%, to close at 1,486.48
  • Parallel market Nomu surged by 226.04 points, or 0.89%, to close at 25,760.93

RIYADH: Saudi Arabia’s Tadawul All Share Index ended the week by gaining 65.37 points, or 0.55 percent, to close at 11,915.02. 

The total trading turnover of the benchmark index was SR6.82 billion ($1.81 billion), as 170 stocks advanced, while 51 retreated on Thursday. 

The MSCI Tadawul Index increased by 4.49 points, or 0.30 percent, to close at 1,486.48.

The Kingdom’s parallel market Nomu surged by 226.04 points, or 0.89 percent, to close at 25,760.93. This comes as 47 stocks advanced, while as many as 24 retreated.

The best-performing stock of the day was Fawaz Abdulaziz Alhokair Co., with its share price surging 9.92 percent to SR10.42.

Other top performers included Saudi Automotive Services Co. and Red Sea International Co., with share prices rising by 9.91 percent to SR69.90 and 9.87 percent to SR29.50, respectively. 

The worst performer of the day was Al Taiseer Group Talco Industrial Co., with its share price falling by 1.73 percent to SR56.90.

Saudi Research and Media Group and Rasan Information Technology Co. also saw significant declines, with their shares dropping by 1.61 percent each to SR245 and SR55.10, respectively. 

CHUBB Arabia Cooperative Insurance Co. and Yamama Cement Co. suffered losses, with share prices decreasing by 1.53 percent to SR32.15 and 1.47 percent to SR30.20, respectively.

On the parallel market, the top performers were Mohammed Hadi Al Rasheed and Partners Co. and Leaf Global Environmental Services Co., with their share prices surging by 16.92 percent to SR76 and 10 percent to SR55, respectively.

Nomu’s worst performers included National Environmental Recycling Co. and Fad International Co., whose share prices dropped by 6.25 percent to SR12 and 5.95 percent to SR87, respectively.


Saudi tourism employment surpasses 1m as hospitality sector expands 

Updated 08 January 2026
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Saudi tourism employment surpasses 1m as hospitality sector expands 

RIYADH: Saudi Arabia’s tourism workforce surpassed 1 million in the third quarter of 2025, underscoring the sector’s rapid expansion as the Kingdom continues to develop its hospitality infrastructure and visitor economy. 

According to the latest Tourism Establishments Statistics report released by the General Authority for Statistics, the total number of employees in tourism activities reached approximately 1,009,691 in the third quarter of 2025, marking a 6.4 percent increase compared to the same period in 2024, when employment stood at 948,629. 

The growth in employment comes alongside a significant rise in the number of licensed tourism hospitality facilities, which increased by 40.6 percent year on year to reach 5,622 in the third quarter. Of these, serviced apartments and other hospitality facilities accounted for 52.6 percent, while hotels represented 47.4 percent. 

The robust growth reflected in the latest tourism statistics aligns directly with the goals of Vision 2030, as the Kingdom aims to double tourism’s gross domestic product contribution to 10 percent. The sector is also seeking to create 1.6 million jobs, and attract 150 million visitors annually by 2030.

The report showed that non-Saudi employees made up the majority of the tourism workforce, numbering 764,520 and accounting for 75.7 percent of the total. Saudi nationals employed in the sector reached 245,171, representing 24.3 percent of all tourism workers. 

In terms of gender distribution, male employees dominated the sector with 875,658 workers, while female employees totaled 134,033, making up just 13.3 percent of the workforce. 

Hotel performance showed positive momentum, with the average room occupancy rate rising to 49.1 percent during the quarter, an increase of 2.9 percentage points from 46.1 percent in the same period a year earlier. 

In contrast, serviced apartments and other hospitality facilities experienced a slight dip in occupancy, recording 57.4 percent compared to 58 percent in the same quarter of 2024. 

The average daily room rate in hotels decreased by 3.6 percent to SR341 ($90.9), down from SR354 in the third quarter of 2024. Meanwhile, serviced apartments and similar facilities saw their average daily rate rise by 4.1 percent to SR208, up from SR200 a year earlier. 

The average length of stay in hotels was 4.1 nights, down 1 percent from 4.2 nights in the third quarter of 2024. For serviced apartments and other hospitality facilities, the average stay was 2.1 nights, reflecting a marginal decrease of 0.2 percent year-on-year. 

The statistics draw on administrative records, surveys and secondary data to capture activity across the Kingdom’s tourism sector, GASTAT said.