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 Aramco, ExxonMobil, Samref ink deal to study Yanbu refinery upgrade

Updated 08 December 2025
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Saudi Aramco, ExxonMobil, Samref ink deal to study Yanbu refinery upgrade

RIYADH: Energy giants Saudi Aramco, ExxonMobil, and Samref have signed a venture framework agreement to upgrade the Yanbu refinery and expand it into an integrated petrochemical complex.

As a part of the deal, the companies will explore capital investments to upgrade and diversify production, including high-quality distillates that result in lower emissions and high-performance chemicals, according to a joint press statement.

The agreement will also see the parties explore opportunities to improve the refinery’s energy efficiency and reduce environmental impacts from operations through an integrated emissions-reduction strategy.

Samref is an equally owned joint venture between Aramco and Mobil Yanbu Refining Co. Inc., a wholly owned subsidiary of Exxon Mobil Corp.

The refinery currently has the capacity to process more than 400,000 barrels of crude oil per day, producing a diverse range of energy products, including propane, automotive diesel oil, marine heavy fuel oil, and sulfur.

“This next phase of Samref marks a step in our long-term strategic collaboration with ExxonMobil. Designed to increase the conversion of crude oil and petroleum liquids into high-value chemicals, this project reinforces our commitment to advancing Downstream value creation and our liquids-to-chemicals strategy,” said Aramco Downstream President, Mohammed Y. Al Qahtani.

He added that the deal will help position Samref as a key driver of the Kingdom’s petrochemical sector’s growth.

The press statement further said that companies will commence a preliminary front-end engineering and design phase for the proposed project, which would aim to maximize operational advantages, enhance Samref’s competitiveness, and help to meet growing demand for high-quality petrochemical products in Saudi Arabia.

The firms added that these plans are subject to market conditions, regulatory approvals, and final investment decisions by Aramco and ExxonMobil.

“We value our partnership with Aramco and our long history in Saudi Arabia. We look forward to evaluating this project, which aligns with our strategy to focus on investments that allow us to grow high-value products that meet society’s evolving energy needs and contribute to a lower-emission future,” said Jack Williams, senior vice president of Exxon Mobil Corp.