Closing Bell: Saudi Arabia’s TASI concludes in red, drops to 12,128 points

A Saudi man monitors an exchange board at the Stock Exchange Market (Tadawul) bourse in Riyadh. File/AFP
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Updated 04 September 2024
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Closing Bell: Saudi Arabia’s TASI concludes in red, drops to 12,128 points

  • Nomu parallel market ended at 25,946.20, marking a decrease of 98.75 points, or 0.38%
  • MSCI Tadawul also dropped by 5.55 points, or 0.37%, ending at 1,511.82

RIYADH: Saudi Arabia’s Tadawul All Share Index closed Wednesday’s trading at 12,128.14 points, recording a drop of 52.23 points, or 0.43 percent. 

The Nomu parallel market ended at 25,946.20, marking a decrease of 98.75 points, or 0.38 percent. 

The MSCI Tadawul also dropped by 5.55 points, or 0.37 percent, ending Wednesday’s session at 1,511.82. 

By the end of trading, TASI recorded a trade value of SR7.4 billion ($1.9 billion), with 46 stocks advancing and 180 declining. In contrast, Nomu had a trading volume of SR32.8 million. 

Saudi Fisheries Co. stood out as the leading performer, registering a surge of 9.92 percent and closing at SR24.38. This comes on the heels of the company’s latest appointment of a new chairman and vice chairman of the board. 

Al-Baha Investment and Development Co. ended on a positive note with a growth of 7.69 percent, settling at SR0.14. 

Another notable performer, Saudi Steel Pipe Co. observed a 5.92 percent rise, concluding its trading at SR76.90. The National Co. for Glass Industries and Wataniya Insurance Co. also performed well, both rising by 4.33 percent to end at SR51.80 and SR32.50, respectively. 

Alistithmar AREIC Diversified REIT Fund experienced the most significant drop, plunging 5 percent to SR9.50. 

Shares of AlAhli REIT Fund 1 and Knowledge Economic City followed suit, declining to SR7.85 and SR15.38, translating to a dip of 3.33 percent and 3.27 percent, respectively. 

Americana Restaurants International PLC and Amlak International Finance Co. also reported downturns. 

In Nomu, Al Ashghal Al Moysra Co. was the top performer, reaching SR57, an increase of 8.16 percent. 

Leaf Global Environmental Services Co., Mohammed Hasan AlNaqool Sons Co., and Alhasoob Co. were also among the top gainers clinching 7.69, 6.19, and 4.63 percent changes to close at SR70, SR36.90, and SR52, respectively. 

Advance International Co. for Communication and Information Technology also closed the day in green with SR5, an increase of 4.17 percent. 

Natural Gas Distribution Co. was the worst performer on Nomu, closing at SR43.70, a 10.45 percent drop. 

Al Rashid Industrial Co. and Naba Alsaha Medical Services Co. followed dropping by 6.14 and 4.95 percent to close at SR38.95 and SR90.30, respectively. 

MOBI Industry Co. and Sure Global Tech Co. were also among Nomu’s worst performers. 


The Family Office to host global investment summit in Saudi Arabia

Updated 18 January 2026
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The Family Office to host global investment summit in Saudi Arabia

RIYADH: The Family Office, one of the Gulf’s leading wealth management firms, will host its exclusive investment summit, “Investing Is a Sea,” from Jan. 29 to 31 on Shura Island along Saudi Arabia’s Red Sea coast.

The event comes as part of the Kingdom’s broader Vision 2030 initiative, reflecting efforts to position Saudi Arabia as a global hub for investment dialogue and strategic economic development.

The summit is designed to offer participants an immersive environment for exploring global investment trends and assessing emerging opportunities and challenges in a rapidly changing financial landscape.

Discussions will cover key themes including shifts in the global economy, the role of private markets in portfolio management, long-term investment strategies, and the transformative impact of artificial intelligence and advanced technologies on investment decision-making and risk management, according to a press release issued on Sunday.

Abdulmohsin Al-Omran, founder and CEO of The Family Office, will deliver the opening remarks, with keynote addresses from Saudi Energy Minister Prince Abdulaziz bin Salman and Prince Turki Al-Faisal, chairman of the King Faisal Center for Research and Islamic Studies.

The press release said the event reflects the firm’s commitment to institutional discipline, selective investment strategies, and long-term planning that anticipates economic cycles.

The summit will bring together prominent international and regional figures, including former UK Treasury Commercial Secretary Lord Jim O’Neill, Mohamed El-Erian, chairman of Gramercy Fund Management, Abdulrahman Al-Rashed, chairman of the editorial board at Al Arabiya, Lebanese Minister of Economy and Trade Dr. Amer Bisat, economist Nouriel Roubini of NYU Stern School of Business, Naim Yazbeck, president of Microsoft Middle East and Africa, John Pagano, CEO of Red Sea Global, Dr. Anne-Marie Imafidon, MBE, co-founder of Stemettes, SRMG CEO Jomana R. Alrashed and other leaders in finance, technology, and investment.

With offices in Bahrain, Dubai, Riyadh, and Kuwait, and through its Zurich-based sister company Petiole Asset Management AG with a presence in New York and Hong Kong, The Family Office has established a reputation for combining institutional rigor with innovative, long-term investment strategies.

The “Investing Is a Sea” summit underscores Saudi Arabia’s growing role as a global center for financial dialogue and strategic investment, reinforcing the Kingdom’s Vision 2030 objective of fostering economic diversification and sustainable development.