Saudi Arabia's Tadawul All Share Index (TASI) held steady on Monday, losing just 4.27 points, or 0.04 percent, to close at 11,072.40. The total trading turnover on the benchmark index was SR3.46 billion ($924 million), with 135 stocks advancing and 118 declining.
Parallel Market and MSCI Index Performance
The Kingdom's parallel market, Nomu, gained 24.87 points, or 0.11 percent, to close at 23,227.00. A total of 32 stocks advanced, while 31 declined. The MSCI Tadawul Index lost 1.73 points, or 0.12 percent, to close at 1,479.41.
Top Performers and Losers
The best-performing stock of the day was Saudi Fisheries Co., whose share price surged 9.96 percent to SR49.44. Other top performers included Thimar Development Holding Co., whose share price rose 5.17 percent to SR34.96, and Al Yamamah Steel Industries Co., whose share price surged 4.13 percent to SR42.90.
On the downside, Alramz Real Estate Co. recorded the steepest decline, falling 3.16 percent to SR58.25. Rabigh Refining and Petrochemical Co. saw its shares fall 2.87 percent to SR12.20, while National Medical Care Co. declined 2.71 percent to SR107.90.
Corporate Announcements: Tadweeer Secures SR60 Million Credit Facility
National Environmental Recycling Co. (Tadweeer) announced the signing of a SR60 million Shariah-compliant credit facility agreement with SNB for a period of 12 months. The facility aims to reduce high-cost financing and meet working capital requirements. Tadweeer ended the session at SR5.20, down 4.53 percent.
Osool & Bakheet Launches SR713 Million Hotel Fund
Osool & Bakheet Investment Co. announced the commencement of operations of the Osool & Bakheet Ashaad Al Hamra Hotel Development Fund, a closed-ended private real estate investment fund with a targeted investment size of SR713 million, including bank financing. A bourse filing revealed that the fund plans to acquire a plot of land in Al Khobar to develop a luxury hotel project, capitalizing on growth opportunities in Saudi Arabia's tourism sector. As the fund manager, the company expects the fund's launch to have a positive financial impact in 2026, contributing more than 5 percent of its 2025 revenue.
Asas Makeen Renews SR350 Million Credit Facilities
Asas Makeen Real Estate Development and Investment Co. announced the renewal of its SR350 million Shariah-compliant credit facilities agreement with Al Rajhi Banking and Investment Corp. According to a Tadawul statement, the renewal is part of the company's plans to strengthen its financing capabilities for land acquisition and development, as well as the construction of residential projects. The facility will also support financing for certain specified projects and the issuance of a financial guarantee in favor of the National Housing Co.
