Arab News
Arab news,
Sat, Sep 13, 2025 | Rabi al-Awwal 21, 1447
Closing Bell: Saudi main market ends lower at 10,453
Saudi Arabia:
Saudi Arabia’s Tadawul All Share Index ended lower
on Thursday, falling 44.98 points, or 0.43 percent, to close at 10,453.06.
The total trading volume reached 192.58 million
shares, with a turnover of SR3.56 billion ($948 million). A total of 57 stocks
advanced, while 190 declined.
The MSCI Tadawul 30 Index slipped 3.77 points, or
0.28 percent, to finish at 1,361.21.
The Kingdom’s parallel market Nomu also eased,
dropping 49.03 points, or 0.20 percent, to settle at 25,026.22, with 47 gainers
against 43 losers.
Among the top performers, Thimar Development
Holding Co. surged 5.84 percent to SR46.40, while Ayyan Investment Co. climbed
5.09 percent to SR12.19.
Raydan Food Co. rose 2.93 percent to
SR13.71, Al Moammar Information Systems Co. gained 2.73 percent to SR131.50, and
Taiba Investments Co. advanced 2.57 percent to SR36.72.
On the losing side, Dar Al Majed Real Estate
Co. dropped 8.17 percent to SR12.70, while Arriyadh Development Co. fell 5.23
percent to SR28.64.
Middle East Healthcare Co. declined 4.38 percent
to SR53.50, National Medical Care Co. shed 4.23 percent to SR160.80, and Buruj
Cooperative Insurance Co. slipped 4.15 percent to SR15.24.
On the announcement front, Jamjoom Fashion Trading
Co. announced the successful completion of its initial public offering of 2.38
million shares, representing 30 percent of its capital, at a final offer price
of SR145 per share.
The offering, priced at the top of its earlier
indicated range of SR140–145, implies a market capitalization of SR1.15
billion and generated total proceeds of SR346 million.
The company said the IPO was oversubscribed 4.5
times, with an order book reaching SR1.56 billion.
Kamal Jamjoom, founder and chairman,
stated: “We are deeply encouraged by the strong demand from a diverse range of
qualified investors, which reaffirms the market’s confidence in homegrown brands
that are proudly taking Saudi development concepts to new markets, scaling in
innovative ways, and blending the best of online shopping with brick-and-mortar
experiences to attract and build a loyal customer base.”
The shares will be listed on the parallel market
of the Saudi Exchange following regulatory approvals.
After the offering, Kamal Osman Jamjoom Trading
Co. will retain a 70 percent stake in the company, subject to a 12-month lock-up
period. Surplus subscription funds will be refunded by September 11, 2025, the
company said.