Closing Bell: Saudi main index closes in red at 11,229 

The total trading turnover of the benchmark index was SR4.89 billion ($1.30 billion), as 125 of the listed stocks advanced, while only 118 retreated.  Shutterstock
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Updated 28 September 2025
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Closing Bell: Saudi main index closes in red at 11,229 

RIYADH: Saudi Arabia’s Tadawul All Share Index dropped on Sunday, losing 78.57 points, or 0.69 percent, to close at 11,229.54. 

The total trading turnover of the benchmark index was SR4.89 billion ($1.30 billion), as 125 of the listed stocks advanced, while only 118 retreated. 

The MSCI Tadawul Index also decreased, down 13.01 points or 0.88 percent, to close at 1,460.29. 

The Kingdom’s parallel market Nomu lost 5.60 points, or 0.02 percent, to close at 25,455.54. This comes as 42 of the listed stocks advanced, while 44 retreated. 

The best-performing stock during today’s session was CHUBB Arabia Cooperative Insurance Co., with its share price surging by 10 percent to SR38.72. 

Other top performers included Fawaz Abdulaziz Alhokair Co., which saw its share price rise by 9.97 percent to SR28.46, and Obeikan Glass Co., which saw a 9.88 percent increase to SR32.46. 

Arabian Contracting Services Co. rose 6 percent to SR99.85, while East Pipes Integrated Co. for Industry gained 5.38 percent to SR123.40. 

On the downside, the worst performer of the day was Sustained Infrastructure Holding Co., whose share price fell by 3.35 percent to SR32.86. 

Jadwa REIT Saudi Fund fell 3.33 percent to SR10.74, while Al Rajhi Bank dropped 3.15 percent to SR101.50. 

Arriyadh Development Co. fell 2.91 percent to SR29.40, while Saudia Dairy and Foodstuff Co. declined 2.77 percent to SR274. 

On the announcements front, the board of directors of Saudi Networkers Services Co. approved the company’s move from the parallel market, known as Nomu, to the main market. 

The company said it will commence fulfilling the applicable requirements and coordinating with the relevant authorities to obtain the necessary approvals for the transfer to the main market.  

“The transfer to the main market is subject to the approval of the Saudi Capital Market Authority and conditional upon meeting all the applicable requirements. Any material developments regarding the event will be announced as they occur,” the statement added. 

The Saudi Networkers Services Co.’s shares traded 3.25 percent higher on the parallel market to close at SR74.55. 


CoMotion Global 2025 in Riyadh discusses trends in electric vehicles

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CoMotion Global 2025 in Riyadh discusses trends in electric vehicles

RIYADH: The Global CoMotion Summit, CoMotion Global 2025, in Riyadh, is examining the latest trends in electric vehicles, autonomous mobility, artificial intelligence in transportation, smart city solutions, and future supply chains.

The summit, hosted by the Saudi Conventions and Exhibitions General Authority, commenced on Dec. 7 in the Saudi capital, highlighting the major transformations witnessed in global cities due to the rapid growth of urban technologies and Saudi Arabia’s role in this sector, according to Al-Eqtisadiah.

This specialized international summit focuses on the future of urban mobility and smart cities, bringing together an elite group of decision-makers, leaders from the public and private sectors, experts, investors, and innovators from around the world.

What are the main objectives of the Global CoMotion Summit?

The summit is being held from Dec. 7 to 9 in Riyadh, further cementing its position as a global center for urban innovation and future technologies.

This is thanks to the extensive transformations it is witnessing, integrating the efforts of the summit’s strategic partners, including multiple ministries and government entities.

Together, they are establishing a national system to push forward the development and on-the-ground application of advanced mobility solutions.

The summit’s work began with an opening session attended by Fahd Al-Rasheed, the chairman of the Board of Directors of SCEGA and the Saudi lead for the Urban 20 initiative, and Rumaih Al-Rumaih, the deputy minister of Transport and Logistic Services, and acting president of Transport General Authority.

They reviewed the features of new transformations in urban transport systems and the future of innovation in the sector.

The founder and CEO of CoMotion, John Rossant, said: “Riyadh hosting this edition of the Global CoMotion Summit makes it an exceptional edition, due to the high-level participation it witnesses, including ministers, city leaders, and prominent creative technologists. This sends a clear message that the next decade of transformation in the mobility sector will be shaped on an unprecedented level to redefine the concept of future cities.”

The summit also features the participation of a number of leading global companies in the mobility sector, including Uber, Door to Door, Budget Saudi Arabia, and Changan Almajdouie. They will showcase the latest technologies and solutions in electric vehicles and smart services, reflecting the Kingdom’s rapid adoption of clean, advanced technologies.

The event’s program also includes a series of interactive mobility labs, the launch of the first edition of the “CoMotion City Pioneers Award,” and the inauguration of the “Mayors in Motion” initiative, aimed at enhancing international cooperation in urban innovation, advanced infrastructure, and sustainable mobility.

Showcasing major development projects in Saudi Arabia

In addition, the gathering will highlight the most prominent development projects in Saudi Arabia, including the Riyadh Metro project, models for developing local electric vehicle manufacturing, and the Kingdom’s preparations to host Expo 2030 and the FIFA World Cup 2034, and their role in enhancing future transport infrastructure. 

It will also showcase global experiences from Africa, China, and North America, with discussions on the future of conscious cities and the use of smart technologies in managing urban mobility.

Hosting the Global CoMotion Summit 2025 is part of Saudi Arabia’s ongoing efforts to enhance its position in building smarter and more sustainable future cities and driving innovation in the urban transport sector, in line with the objectives of Saudi Vision 2030.