Saudi Stocks Fall as Tadawul Index Drops 0.96%

Saudi Arabia’s main stock market closed lower on Monday, with the Tadawul All Share Index falling 102.66 points, or 0.96 percent, to 10,579.18 as selling pressure weighed on a broad range of shares.

Trading on the main market reached about 191.2 million shares, with transactions valued at nearly SR3.48 billion ($926.5 million). A total of 52 stocks advanced, while 208 declined.

The parallel market Nomu also ended lower, losing 88.99 points, or 0.41 percent, to close at 21,460.22. Of the companies traded, 25 rose and 29 fell. The MSCI Tadawul 30 Index declined 12.94 points, or 0.9 percent, to 1,425.47.

Al Kathiri Holding Co. was the strongest performer on the main market, with its share price climbing 6.48 percent to SR1.15. Salama Cooperative Insurance Co. gained 6.34 percent to SR7.55, while Alramz Real Estate Co. rose 3.76 percent to SR55.25.

Saudi Fisheries Co. recorded the biggest decline, falling 7.86 percent to SR51.60. Rasan Information Technology Co. dropped 5.35 percent to SR131, while Arabian Co. for Agricultural and Industrial Investment fell 5.20 percent to SR21.50.

Cenomi Centers shareholders approved a SR426.6 million capital increase through the capitalization of retained earnings at an extraordinary general assembly meeting. The company said it will issue 42.66 million new shares, including 39.58 million bonus shares and 3.08 million shares under its Employee Share Program.

The increase will raise Cenomi Centers’ capital by 8.98 percent, from SR4.75 billion to SR5.18 billion. Eligible shareholders will receive one bonus share for every 12 shares held. The proposal received 99.12 percent of votes. Cenomi Centers shares fell 2.48 percent to SR14.16.

Specialized Medical Co. signed a SR148.4 million contract, excluding VAT, with Maharat Al Injaz Co. for foundation, construction and structural works at its SMC3 Hospital in Riyadh. The Northern Ring Road facility is planned to have 296 beds and 200 outpatient clinics. Construction is expected to take 360 calendar days from site handover, with completion targeted for the fourth quarter of 2028.

Saudi Steel Pipe Co. received a purchase order worth about SR72.8 million from Saudi Aramco to supply oil and gas steel pipes. The order will run for up to 12 months, with its financial impact expected in the second half of fiscal 2027.

Edarat Communication and Information Technology Co. signed a SR28.3 million, 42-month contract with Rackspace Arabia for managed VMware services. The agreement begins on Oct. 1, 2026, and runs through March 31, 2030.

Marketing Home Group for Trading Co. announced SR12 million in cash dividends for the second quarter of fiscal 2026, equal to SR0.75 per share. The eligibility date is Oct. 5, with payments scheduled for Oct. 19.

Pan Gulf Marketing Co. also issued a correction, saying Emirates NBD, rather than Saudi Awwal Bank, is the financing entity for its SR70 million Shariah-compliant bank facility.