Arab News
Arab news, Wed, May 21, 2025 | Dhu al-Qadah 23, 1446
Closing Bell: Saudi main index closes in green at 11,438
Saudi Arabia:
Saudi Arabia’s Tadawul All Share Index rose
on Tuesday, gaining 32.90 points, or 0.29 percent, to close at 11,438.18.
The total trading turnover of the benchmark index
was SR4.85 billion ($1.29 billion), as 132 of the listed stocks advanced, while
only 106 retreated.
The MSCI Tadawul Index increased by 0.40 points,
or 5.86 percent, to close at 1,460.79.
The Kingdom’s parallel market Nomu rose, gaining
28.91 points, or 0.11 percent, to end at 27,528.56. This comes as 31 of the
listed stocks advanced, while 42 retreated.
The best-performing stock was MBC Group Co., with
its share price surging by 6.01 percent to SR45.
Other top performers included National Gypsum Co.,
which saw its share price rise by 4.49 percent to SR21.42, and Zamil Industrial
Investment Co., which saw a 4.19 percent increase to SR46.05.
The worst performer of the day was Etihad Atheeb
Telecommunication Co., whose share price fell by 4.55 percent to SR100.80.
Saudia Dairy and Foodstuff Co. and CHUBB
Arabia Cooperative Insurance Co. also saw declines, with their shares dropping
by 2.66 percent and 2.53 percent to SR285 and SR36.60, respectively.
On the announcements front, Alinma Bank has
confirmed the commencement of its offering of US dollar-denominated Sustainable
Additional Tier 1 Capital Certificates under its Additional Tier 1 Capital
Certificate Issuance Program.
The offering, which began on May 20, is directed
at eligible investors in the Kingdom and internationally, according to a Tadawul
statement. The certificates, with a minimum subscription of $200,000, are
perpetual and callable after 5.5 years, with terms and pricing subject to market
conditions.
The statement added that the certificates will be
listed on the London Stock Exchange’s International Securities Market.
In today’s trading session, ALINMA’s share price
traded 0.55 percent higher on the main market to reach SR27.55.
Moreover, Asas Makeen Real Estate Development and
Investment Co. continued receiving subscription requests for 1 million ordinary
shares, equivalent to 10 percent of its capital, at a price of SR80 per share.
The offering, approved by the Capital Market Authority, runs from May 19 to 25
on the Nomu parallel market. The company aims to expand its investor base and
attract capital to support sustainable growth, with its managed projects
exceeding SR3.75 billion in value.
Meanwhile, Al-Khozama Investment Co. is accepting
subscription requests for 422,400 ordinary shares, which is equivalent to 10.71
percent of its shares on Nomu until May 22, priced between SR99 and SR107 per
share. The offering targets qualified investors and supports the company’s
long-term expansion in Saudi Arabia’s hospitality and food and beverage sector.