Closing Bell: Saudi main index rises to close at 10,904

The total trading turnover of the benchmark index was SR4.14 billion ($1.10 billion), with 183 stocks advancing and 65 declining. Shutterstock
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Updated 24 August 2025
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Closing Bell: Saudi main index rises to close at 10,904

  • Parallel market Nomu fell 28.51 points to close at 26,507.28
  • MSCI Tadawul Index gained 1.69 points to end at 1,410.74

RIYADH: Saudi Arabia’s benchmark Tadawul All Share Index rose on Sunday, gaining 37.70 points, or 0.35 percent, to close at 10,904.53. 

The total trading turnover of the benchmark index was SR4.14 billion ($1.10 billion), with 183 stocks advancing and 65 declining. 

The Kingdom’s parallel market Nomu fell 28.51 points, or 0.11 percent, to close at 26,507.28, with 47 stocks advancing and 44 declining. 

The MSCI Tadawul Index gained 1.69 points, or 0.12 percent, to end at 1,410.74. 

Among the top performers, Emaar The Economic City led the gainers with a surge of 7.94 percent to SR13.60, followed by Saudi Industrial Investment Group, which rose 6.95 percent to SR20.00, and Red Sea International Co., which climbed 6.76 percent to SR45.80. 

On the losing side, Al-Babtain Power and Telecommunication Co. recorded the largest drop, falling 3.15 percent to SR56.85, while Saudi Chemical Co. declined 2.29 percent to SR6.84, and Rasan Information Technology Co. fell 2.09 percent to SR93.55. 

On the corporate front, Riyadh Steel Co. reported a net profit of SR2.45 million for the first six months of 2025, down 3.16 percent year on year, attributed to a decrease in gross margin. 

Its shares ended the session at SR1.96, down 2 percent. 

Ratio Speciality Co. for Trading posted a net profit of SR6.56 million for the first half of the year, up 5.96 percent year on year, driven by an 18.95 percent rise in sales and the positive effects of expansion through acquisitions. 

Its stock closed at SR9.05, down 2.21 percent. 

Shatirah House Restaurant Co., also known as BURGERIZZR, signed an agreement to acquire 60 percent of SHOVEL Coffee Bean Trading Co., funded through internal resources and subject to regulatory approvals. 

The deal supports BURGERIZZR’s expansion into the cafe market. The company’s shares rose 5.15 percent to SR16.02. 

Banque Saudi Fransi announced plans to issue US dollar-denominated Tier 2 capital notes under its Medium Term Note Program, targeting qualified investors domestically and internationally. 

The bank appointed Abu Dhabi Commercial Bank PJSC, Citigroup Global Markets Limited, DBS Bank Ltd., Emirates NBD Bank PJSC, HSBC Bank plc, Mashreqbank PSC, Mizuho International plc, and Saudi Fransi Capital as joint lead managers. 


Saudi Absher platform delivers over $5.3bn in annual economic impact 

Updated 18 December 2025
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Saudi Absher platform delivers over $5.3bn in annual economic impact 

RIYADH: The Saudi government’s Absher digital services platform generates more than SR20 billion ($5.3 billion) in annual economic impact, highlighting the scale of savings created by the Kingdom’s transition from paper-based government procedures to digital services, according to the Ministry of Interior. 

Speaking to Al-Eqtisadiah, Bandar bin Mashari, assistant minister of interior for technology affairs, said the savings reflect broader efficiency gains from digitization. 

This comes as government services previously delivered through manual, paper-driven processes have moved onto a unified digital platform used by millions of citizens and residents. 

“Absher is one of the oldest platforms that has had a direct impact on strengthening the efficiency of spending and in opening new avenues for providing added value services,” said Mashari. 

He said the platform’s economic impact is closely linked to the government’s digital transformation agenda, which aims to reduce operational costs while improving service delivery across public agencies. 

The assistant minister further stated that the economic impact was at SR17 billion and grew to SR20 billion according to the ministry’s latest data. 

He added that Absher has completed a shift in its financial structure, transitioning from direct state capital funding to a sustainable financing model based on self-generated income. 

Mashari also said the Ministry of Interior is moving to expand its digital capabilities beyond service delivery, with a focus on security and financial protection. 

Authorities are working toward building a secure digital ecosystem designed to combat financial fraud and crime, he said, as digital transactions and online government services continue to expand. 

Absher is the flagship digital services platform of Saudi Arabia’s Ministry of Interior and one of the Kingdom’s earliest large-scale e-government initiatives. 

Launched in 2010, the platform provides citizens, residents, visitors, and businesses with access to hundreds of government services through a unified digital portal and mobile application. 

Its services span civil affairs, passports, residency and visa services, as well as traffic and vehicle transactions, and business administration, significantly reducing the need for in-person government visits. 

Absher is widely used across the Kingdom, handling millions of electronic transactions each month and serving as a core pillar of Saudi Arabia’s broader digital transformation and Vision 2030 agenda.