Closing Bell: Saudi main index closes in red; Nomu gains

The Kingdom’s parallel market Nomu advanced by 0.43 percent or 100.66 points to close at 23,327.60. Shutterstock.
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Updated 06 January 2026
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Closing Bell: Saudi main index closes in red; Nomu gains

RIYADH: Saudi Arabia’s Tadawul All Share Index continued its downward trend on Tuesday, as it shed 34.44 points or 0.33 percent to close at 10,290.76. 

The total trading turnover of the benchmark index stood at SR3.57 billion ($950 million), with 80 of the listed stocks advancing and 178 declining. 

The Kingdom’s parallel market Nomu advanced by 0.43 percent or 100.66 points to close at 23,327.60. 

The MSCI Tadawul Index, however, declined by 0.19 percent to 1,368.49. 

The best-performing stock on the main market was Almasane Alkobra Mining Co., as its share price increased by 7.83 percent to SR95. 

The share price of Electrical Industries Co. advanced by 6.17 percent to SR11.18. 

Saudi Arabian Mining Co., known as Maaden, also saw its stock price climb by 5.74 percent to SR64.50. 

Conversely, the share price of Shatirah House Restaurant Co. declined by 8.14 percent to SR8.13. 

On the announcements front, Saudi Telecom Co. said that it plans to issue a dollar-denominated international sukuk under its $5 billion International Trust Certificate Issuance program.

According to a Tadawul statement, the issuance program was set up on Jan. 6, following a board approval obtained on Sept. 30. 

Stc added that the issuance will be conducted through an offshore special purpose vehicle established outside Saudi Arabia, adding that the proceeds will be used for the company’s general corporate purposes. 

The statement further said that the sukuk may be issued in one or more tranches or series by way of an offer to eligible investors in the Kingdom and internationally. 

The telecom giant added that the amount and terms of the offer of the sukuk will be determined based on market conditions. 

The share price of stc edged down by 1.08 percent to SR42.06. 


Ministerial meeting of the International Labour Conference concludes in Saudi Arabia

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Ministerial meeting of the International Labour Conference concludes in Saudi Arabia

RIYADH: The ministerial meeting of the third International Labour Conference concluded Jan. 26 in Riyadh.

The meeting was chaired by Saudi Arabia’s Minister of Human Resources and Social Development Ahmed bin Sulaiman Al-Rajhi and attended by the Director-General of the International Labour Organization, Gilbert Houngbo, and 40 labor ministers from countries representing the G20, Europe, and Asia as well as the Middle East, Africa, and the Americas.

In his opening remarks, Al-Rajhi emphasized the importance of constructive dialogue, stressing that the ministerial meeting is a cornerstone for strengthening international cooperation.

He explained that it aims to facilitate the exchange of constructive visions and experiences among ministers and senior officials, focusing on practical experiences in current labor markets and areas of future cooperation capable of achieving tangible results.

The meeting’s discussions focused on a number of key themes, aiming to stimulate the practical exchange of experiences among participating countries and align employment policies with future workforce readiness requirements. It also focused on identifying the most effective factors for successful employment programs and determining the mechanisms necessary to ensure consistency and integration among labor market policies.

The gathering also resulted in an agreement among the participating ministers on six crucial actions. These include developing methodologies for skills recognition and transferability by improving skills recognition and enhancing their flexibility in the labor market to facilitate mobility between sectors and across borders.

They also agreed on guiding the responsible use of artificial intelligence in labor market systems by employing AI in workforce decisions while ensuring transparency, governance, and oversight.

An additional action focuses on adapting social protection systems to support mobility and career transitions by ensuring that social protection is transferred with workers as the nature of work and career paths change.

In addition, the ministers agreed on promoting the use of data to actively connect individuals with opportunities and strengthening the labor market infrastructure through data and analytics to support the link between employment and skills development.

They further agreed on enhancing workforce planning to anticipate periods of disruption by preparing employment systems to withstand economic shocks and structural shifts.

Finally, they committed to improving pathways to first employment and return to the labor market by enabling pathways that connect individuals with meaningful and valuable career advancement opportunities.

The ministerial meeting is a pivotal element of the International Labour Conference, which has become a leading global platform for promoting evidence-based dialogue and supporting international cooperation on the future of labor markets.

This is achieved in partnership with leading international organizations, including the ILO, the World Bank, and the Organization for Economic Co-operation and Development as well as the UN Development Program, the International Organization for Migration, and the UN Tourism Organization. 

Additional organizations include the King’s Trust Fund International and the Mohammed bin Salman Foundation.

The International Labour Conference, taking place on Jan. 26 to 27 at the King Abdulaziz International Conference Center, is themed “Shaping the Future.” It features high-level participation from labor ministers, heads and representatives of international organizations, the private sector, and academic institutions as well as policymakers, thought leaders, and experts from around the world.

More than 200 speakers are participating in over 50 dialogue sessions, with an expected attendance of over 10,000 participants from within the Kingdom and abroad.