Closing Bell: Saudi main index closes in red at 11,178; Nomu gains

The best-performing stock on the main market was Tihama Advertising and Public Relations Co. Shutterstock
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Updated 13 November 2025
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Closing Bell: Saudi main index closes in red at 11,178; Nomu gains

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Thursday, as it shed 77.22 points or 0.69 percent to close at 11,177.66. 

The total trading turnover of the benchmark index stood at SR3.84 billion ($1.02 billion) with 60 of the listed stocks advancing and 189 declining. 

The Kingdom’s parallel market Nomu gained 105.87 points to close at 24,242.38. 

The MSCI Tadawul Index edged down by 0.89 points to 1,451.47.

The best-performing stock on the main market was Tihama Advertising and Public Relations Co., as its share price rose by 10 percent to SR15.73. 

The share price of Saudi Paper Manufacturing Co. advanced by 5.95 percent to SR57. 

Methanol Chemicals Co. also saw its stock price increase by 3.90 percent to SR9.60. 

Conversely, the stock price of Jahez International Co. for Information System Technology declined by 4.79 percent to SR17.89.

On the announcements front, Edarat Communication and Information Technology Co. said that it received a letter of award from Etihad Etisalat Co., also known as Mobily, to provide data center colocation services. 

According to a Tadawul statement, the one-year contract is valued at SR18.05 million, and the deal includes an option to extend the agreement for an additional four years, bringing the total potential value to SR59.6 million. 

The company added that the financial impact of the deal will be visible from the fourth quarter of this 2025. 

The share price of Edarat edged up by 0.91 percent to SR222. 

Foods Gate Trading Co. announced that it opened its new restaurant, Maman, in the Hittin District, Riyadh. 

According to a Tadawul statement, the opening of the new restaurant aligns with the company’s expansion strategy to broaden its portfolio of owned brands and strengthen its presence in the hospitality sector in the Kingdom.

The stock price of Foods Gate Trading Co. was unchanged on Thursday at SR31.80. 


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.