Closing Bell: TASI ends higher at 10,808  

Market activity saw 166 gainers against 76 losers, with a total of 272.83 million shares traded at a value of SR4.74 billion ($1.26 billion). Shutterstock
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Updated 21 September 2025
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Closing Bell: TASI ends higher at 10,808  

RIYADH: The Saudi stock market started the week higher on Sunday, with the benchmark Tadawul All Share Index adding 27.99 points, or 0.26 percent, to close at 10,808.68.   

Market activity saw 166 gainers against 76 losers, with a total of 272.83 million shares traded at a value of SR4.74 billion ($1.26 billion).  

The parallel market Nomu also advanced, rising 58.35 points, or 0.23 percent, to 25,349.27, with 41 stocks ending in positive territory while 38 declined.  

Meanwhile, the MT30 index, which tracks the performance of the 30 largest companies by market capitalization and liquidity, edged up 2.24 points, or 0.16 percent, to close at 1,401.03.  

On the sector front, MBC Group led the gainers, climbing 10 percent to SR35.42, continuing its rising streak from last Thursday after the Public Investment Fund’s acquisition.   

It was followed by Abdullah Saad Mohammed Abo Moati for Bookstores Co., which advanced 8.70 percent to SR40.98, and The Mediterranean and Gulf Insurance and Reinsurance Co., which increased 7.14 percent to SR16.80.   

East Pipes Integrated Co. for Industry rose 6.81 percent to SR117.60, while Arabian Contracting Services Co. gained 5.99 percent to SR92.95. 

On the other hand, Dar Alarkan Real Estate Development Co. fell 5.84 percent to SR15.79, while Saudi Real Estate Co. dropped 4.95 percent to SR15.17.   

Thimar Development Holding Co. slipped 3.51 percent to SR44, Saudi Ground Services Co. lost 2.63 percent to SR43.68, and Alahli REIT 1 Fund edged down 2.39 percent to SR6.54.  

On the announcement front, Saudi Vitrified Clay Pipes Co. said it signed an agreement to sell its second plant in Riyadh, which produces vitrified clay pipes and related fittings, for SR45 million to Al-Mutahidah Al-Namothajiya Industries Co.   

The company said the sale is expected to generate a capital gain of SR20.1 million and proceeds will be used to fund operating activities.  

Its shares closed at SR26.72, up 0.6 percent.  

Dar Al Majdiah Real Estate Co. clarified that the updated Executive Regulations of the White Land Fees, issued by the Ministry of Municipalities and Housing, will not have a material impact on its financials or operations.  

The company highlighted it had already settled SR1.7 million in fees and noted invoices of SR3.3 million remain under objection with authorities.  

Shares of Dar Al Majdiah ended at SR12.96, down 1.37 percent.  

Ladun Investment Co. also stated that the implementation of the newly amended White Land Tax Regulations will have no material impact on its financials.  

Shares of the company rose 5.45 percent to SR2.9.  

Separately, Al Moammar Information Systems Co. announced the signing of a SR60.54 million contract, including VAT, with Emdad Solutions for ICT to provide IT services over a 36-month period.   

The company said the agreement is expected to have a positive financial impact starting from the third and fourth quarter of 2025.  

Shares of MIS closed at SR134, gaining 0.6 percent.  


Cruise Saudi strengthens global ties as Celestyal makes maiden calls to Jeddah

Updated 10 December 2025
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Cruise Saudi strengthens global ties as Celestyal makes maiden calls to Jeddah

JEDDAH: Saudi Arabia is accelerating its push to become a global cruise hub, with Cruise Saudi — a wholly owned Public Investment Fund subsidiary — expanding international partnerships to draw more travelers to the Kingdom’s Red Sea and Arabian Gulf ports.

The latest milestone came as award-winning Greek cruise line Celestyal completed its first-ever calls to Jeddah, signaling rising global interest in Saudi Arabia’s cultural and natural attractions.

The visits form part of Cruise Saudi’s strategy to build a year-round cruise ecosystem that supports tourism growth, boosts local supply chains, and contributes to the Kingdom’s broader economic diversification.

Three UNESCO World Heritage Sites — AlUla, Jeddah Historic District, and Al-Ahsa Oasis — are now accessible by sea, with curated shore excursions designed to deepen visitor engagement.

Cruise Saudi aims to welcome 1.3 million cruise passengers annually by 2035, creating 50,000 direct and indirect jobs and positioning the Kingdom as a premier international cruise destination.

The 1,360-passenger Celestyal Discovery arrived in Jeddah on Dec. 5, following the 1,260-passenger Celestyal Journey, which made its maiden call on Nov. 29. The Journey concluded a seven-night Athens–Jeddah itinerary with stops in Turkiye and Egypt, marked by a traditional plaque exchange ceremony attended by Cruise Saudi executives, port officials and Celestyal representatives.

Passengers were welcomed with traditional Saudi hospitality and toured Jeddah’s historic Al-Balad district, bustling souks, and cultural sites. Some Muslim travelers also visited Makkah to perform Umrah.

“We are honored to celebrate our maiden call in Jeddah alongside our partners at Cruise Saudi, marking the beginning of a long and effective relationship,” said Lee Haslett, chief commercial officer at Celestyal.

He added that Jeddah’s role as “the cultural heart of Saudi Arabia” presents strong potential for cruise tourism.

Barbara Buczek, chief destination experiences officer at Cruise Saudi, told Arab News: “This maiden Red Sea sailing highlights the strong appeal of the region and aligns with Cruise Saudi's commitment to developing seamless, high-quality cruise experiences in Saudi Arabia.”

She noted that Celestyal’s expanded itineraries reflect rising demand for distinctive Red Sea and Arabian Gulf voyages.

Since its launch in 2021, Cruise Saudi has activated five cruise ports, introduced Aroya Cruises, the Kingdom’s first homegrown cruise line, and established Aman at Sea, an ultra-luxury JV with Aman Group set to launch in 2027. The company manages the full value chain — from terminals and berths to curated excursions — and has already welcomed more than 600,000 passengers of over 120 nationalities.

Celestyal, which carries more than 140,000 passengers annually across two refurbished vessels, is aligning with the Kingdom’s Vision 2030 ambition to transform coastal tourism. After departing Jeddah, both Celestyal ships continued to Abu Dhabi to begin the company’s second Arabian Gulf season.

Aroya Cruises has also launched a new seasonal program featuring stops in Mykonos, Athens, Crete, and coastal cities in Turkiye, expanding on a successful inaugural season that attracted over 95,000 guests.

The growing activity underscores Saudi Arabia’s emergence as a world-class cruise destination, supported by modern infrastructure, expanding routes, and experiences that highlight the Kingdom’s culture, heritage and hospitality.