Closing Bell: Saudi main index closes in red at 11,095

The best-performing stock on the main market was SHL Finance Co. Getty
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Updated 15 July 2025
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Closing Bell: Saudi main index closes in red at 11,095

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Tuesday, as it shed 118.18 points, or 1.05 percent, to close at 11,095.41. 

The total trading turnover of the benchmark index was SR4.52 billion ($1.21 billion), with 46 of the listed stocks advancing and 204 declining. 

The Kingdom’s parallel market Nomu also shed 55.43 points to 27,301.46.

The MSCI Tadawul Index declined by 1.09 percent to close at 1,421.31. 

The best-performing stock on the main market was SHL Finance Co. The firm’s share price increased by 5.21 percent to SR22.62. 

The share price of SICO Saudi REIT Fund rose by 5.1 percent to SR4.33. 

Tourism Enterprise Co. also saw its stock price climb by 3.26 percent to SR0.95. 

Conversely, the share price of Alistithmar AREIC Diversified REIT Fund declined by 4.03 percent to SR9.05. 

On the announcements front, Saudi Co. for Hardware, also known as SACO, said that it signed an agreement valued at SR140.43 million to sell its warehouse in Al-Mashael district in Riyadh. 

In a Tadawul statement, SACO said that the proceeds from the sale will be used to repay existing bank loans and help support its future expansion plans.

The firm further said that the 42,937-sq.-meter warehouse was sold to 6th Iradat Al Imdad Co., a limited liability company. 

The firm added that there are no related parties involved in the deal. 

The share price of SACO dropped by 1.02 percent to SR29.14. 

The shareholders of Saudi Lime Industries Co. approved a recommendation to increase its capital by 5 percent through a one-for-20 bonus share distribution, by capitalizing SR11 million from the firm’s retained earnings account.

The stock price of Saudi Lime Industries Co., listed on the parallel market, advanced by 4.77 percent to SR12.97. 


Saudia Cargo partners with exports body to boost Kingdom’s products globally

Updated 18 December 2025
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Saudia Cargo partners with exports body to boost Kingdom’s products globally

RIYADH: Saudia Cargo and the Saudi Export Development Authority inked a strategic memorandum of understanding, in a move set to accelerate the international reach of non-oil goods.

The agreement, signed during the “Made in Saudi 2025” exhibition in Riyadh, aims to empower local industries and enhance the global competitiveness of national products.

This deal directly supports the Kingdom’s Vision 2030, which seeks to diversify the economy by growing non-oil exports, building a strong industrial base, and leveraging the nation’s geographic position to become an international logistics hub.

According to a press release, the partnership focuses on a shared commitment to strengthen the “Saudi Made” program, ensuring local products become a preferred choice in international markets.

Key areas of collaboration include supporting exporters, overcoming logistical and regulatory hurdles, facilitating export operations, building capacities, and developing innovative shipping solutions.

“The MoU also includes coordinating external participation in international exhibitions, collaborating on launching joint marketing and promotional campaigns, and opening new horizons for national products to be present in global markets,” the press release said.

This initiative extends Saudia Cargo’s ongoing efforts, including its “BEYOND” campaign launched earlier this year, to promote exports in line with national economic goals.

Saudia Cargo is a leading national carrier, operating a network spanning approximately 100 airport destinations and 250 customer bases across four continents.

With a modern fleet and a strategic alliance with SkyTeam Cargo, the company is well-positioned to support the rapid and secure transport of diverse goods, including e-commerce, pharmaceuticals, and perishables.

Saudi Exports is a government authority dedicated to developing non-oil exports by enhancing the competitiveness of the Kingdom’s exporters and removing barriers to international trade.

The Made in Saudi 2025 exhibition, held from Dec. 15 to 17, served as a platform for forging industrial and commercial partnerships, attracting investments, and exploring new export opportunities.