Saudi Arabia’s stock market experienced a significant upswing on Monday, with the Tadawul All Share Index climbing 3.43%, or 323.28 points, to close at 9,761.78. The surge was backed by a trading volume exceeding 342 million shares, representing a total value of approximately SR5.18 billion ($1.38 billion). Out of all traded companies, 259 saw their shares advance, while only eight recorded declines.
The Tadawul 30 Index, which tracks the 30 largest companies in the exchange, also rose by 3.39% to settle at 1,324.38. In parallel, the Nomu market gained 0.8% to reach 21,211.72. Among the top performers, Flynas led with a 10% increase to SR40.04, while both Saudi Fisheries and Red Sea International advanced by 9.98%, closing at SR48.94 and SR15.87, respectively.
Despite the overall market gains, some companies faced downturns. Notably, Saudi Tadawul Group Holding saw its shares fall by 1.87% to SR104.70, following a report of a 34.6% decline in net profit for the first nine months of 2026. The group’s revenue fell by 5.8%, affecting its operating profit, which dropped by 44%, primarily due to decreased revenue from capital markets and post-trade services.
In other business developments, Umm Al Qura for Development and Construction announced the sale of a 3,217-square-metre plot in Makkah to Al-Sakan Al-Mithali for SR139 million. The transaction, aimed at developing a hospitality tower, boosted Masar’s shares by 5.06% to SR15.15.
Additionally, Electrical Industries Co. approved a SR150 million project to build Saudi Arabia’s first factory dedicated to manufacturing tanks and radiators for high-voltage power transformers. Scheduled to begin construction in early 2027, the project aligns with Saudi Vision 2030 to enhance local manufacturing capabilities.
Real estate developments also made headlines as Asas Makeen Real Estate Development signed an agreement with N Building to develop a residential project in Riyadh. The venture, estimated to cost over SR55.6 million, will span an 8,800-square-metre plot, with Makeen holding a 15% stake in N Building.
Furthermore, Al-Mohafaza Co. for Education proposed cash dividends amounting to SR4.8 million for the financial year ended July 31, pending general assembly approval. This proposed distribution equates to SR0.60 per share, reflecting 6% of the nominal share value.