Saudi non-listed corporate debt jumps over 500% as investors diversify

Saudi Arabia’s Capital Market Authority continues to introduce new investment products and structural reforms to diversify investor portfolios beyond equities. Shutterstock
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Updated 31 August 2025
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Saudi non-listed corporate debt jumps over 500% as investors diversify

  • Traded government debt instruments climbed 132.4% to SR15.60 billion
  • Foreign investment in Saudi financial market grew 1.65% to SR481.8 billion

RIYADH: Saudi Arabia’s debt instruments market rose in the second quarter of the year, led by non-listed corporate debt, which jumped 513.8 percent year on year to SR1.2 billion ($320 million) from roughly SR200 million. 
According to the Capital Market Authority’s quarterly statistical bulletin, traded government debt instruments climbed 132.4 percent to SR15.60 billion, compared to SR6.72 billion in the same period of 2024.
This comes as the CMA continues to introduce new investment products and structural reforms to diversify investor portfolios beyond equities. The regulator also published a consultation proposing a framework for special purpose acquisition companies on Nomu, the Kingdom’s parallel market, to facilitate private sector listings and expand investment vehicle options. 
“The Saudi financial market posted positive performance across a number of investment instruments by the end of the second quarter of 2025, as investors moved toward diversifying their portfolios and investment products, and not limiting themselves to equities alone, in an effort to maximize returns and reduce risks,” the CMA said. 
Individual investment portfolios in the main market rose 11.95 percent to SR13.91 million, while the number of individual investors holding these portfolios increased 6.7 percent to SR6.90 million. Managed portfolios climbed 29.5 percent to 103,630, with total assets up 9 percent to SR352.60 billion. 
These figures “reflect the expansion of the individual investor base and the increasing engagement with the diverse investment instruments available in the capital market,” the CMA said. 
Foreign investment in the Saudi financial market grew 1.65 percent year on year to SR481.8 billion, with foreign assets held by clients at financial institutions rising from SR21.3 billion in the first quarter to SR26.1 billion in the second quarter. 
“The increases seen in foreign markets, particularly the recent rise in the US market, were among the main reasons for the increase in asset values, as the S&P 500 index rose by more than 10 percent in the second quarter,” the authority added. 
The investment funds sector also posted strong gains. The number of funds rose 24.8 percent to 1,735, with total assets up 27.8 percent to SR781.41 billion. Subscribers climbed 30.16 percent to over 1.76 million, the highest in history, and real estate funds accounted for 31.6 percent of public subscribers and 71 percent of private subscribers. 
Listed corporate debt instruments rose 13.3 percent in traded value to SR426 million. New non-listed corporate debt issuances jumped 94.37 percent to SR3.01 billion, while outstanding issuances climbed 16.2 percent to SR124.87 billion. 
“The results confirm the strength of the Saudi capital market and its investment appeal, as the Capital Market Authority continues to develop its systems and enhance its legislative and regulatory framework in line with international best practices,” the authority said.  
“This enhances the market’s ability to attract domestic and foreign investors and supports the diversification of investment instruments, contributing to economic growth targets in line with Saudi Vision 2030,” it added.


Closing Bell: Saudi main market ends week in red at 11,189

Updated 05 February 2026
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Closing Bell: Saudi main market ends week in red at 11,189

RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower at the end of the trading week on Thursday, falling 1.34 percent, or 152.54 points, to finish at 11,188.73. 

The benchmark index opened at 11,320.52 and trended lower throughout the session, finishing well below its previous close of 11,341.27.  

Market breadth was sharply negative, with only 28 gainers compared with 236 decliners. Trading activity saw a volume of 239 million shares exchanged, with total turnover reaching SR5.5 billion ($1.47 billion). 

In the parallel market, Nomu closed higher, rising 0.23 percent to 23,865.95, although decliners continued to outnumber advancers. The MT30 index closed at 1,508.60, down 1.46 percent, shedding 22.38 points by the end of the session. 

Among the session’s top gainers, Dar Al Majed Real Estate Co. led advances, rising 5.43 percent to close at SR9.91. 

Al Aziziah REIT Fund added 4.67 percent to SR4.48, while Al Majed Oud Co. gained 2.81 percent to SR161.20. AFG International Co. advanced 2.45 percent to SR17.17, and Al Mawarid Manpower Co. rose 1.37 percent to SR125.70.

On the losing side, Saudi Research and Media Group posted the steepest decline, falling 6.88 percent to SR107. Cherry Trading Co. dropped 6.23 percent to SR28.88, while Saudi Arabian Mining Co. slipped 5.41 percent to SR72.55.  

Almasane Alkobra Mining Co. declined 5.38 percent to SR102, and Power and Water Utility Co. for Jubail and Yanbu ended 4.56 percent lower at SR31.36. 

On the announcements front, Saudi Industrial Investment Group released its interim financial results for the twelve-month period ended Dec. 31, 2025, reporting a return to profitability on an annual basis despite posting a quarterly loss.  

The company recorded a net loss of SR104 million in the fourth quarter, compared with a net profit of SR201 million in the same quarter of the previous year, which it attributed mainly to lower selling prices, higher operating costs, and increased general and administrative expenses.  

For the full year, however, the group posted a net profit attributable to shareholders of SR197 million, compared with SR161 million a year earlier, supported by higher sales volumes and improved operational performance at several subsidiaries. The stock last traded at SR14.77, down 3.59 percent. 

Separately, Saudi Exchange Co. announced the approval of a request by Merrill Lynch Kingdom of Saudi Arabia to terminate its market-making activities for Saudi Arabian Oil Co., effective Feb. 8.

The exchange said the termination relates specifically to the market-making agreement for Saudi Aramco shares and was approved in line with applicable market-making regulations.