Saudi Arabia’s stock market experienced a notable surge on Monday, with the Tadawul All Share Index climbing 323.28 points, or 3.43%, to close at 9,761.78. The trading volume surpassed 342 million shares, amounting to approximately SR5.18 billion ($1.38 billion) in total value. The market saw 259 companies’ shares advance, while eight declined, reflecting a bullish sentiment. The Nomu parallel market also showed positive movement, gaining 0.8% to close at 21,211.72, and the MSCI Tadawul 30 Index rose 3.39% to 1,324.38.
Among the top gainers, Flynas led with a 10% increase, reaching SR40.04. Other significant gainers included Saudi Fisheries and Red Sea International, both up 9.98%, closing at SR48.94 and SR15.87, respectively. Conversely, Saudi Tadawul Group Holding saw a decline of 1.87% to SR104.70, alongside Al-Rajhi REIT Fund and United International Holding, which fell 1.42% and 1.02%, respectively.
In related developments, Saudi Tadawul Group Holding reported a 34.6% decrease in net profit for the first nine months of 2026, down to SR195.8 million from SR299.4 million in the previous year. The company’s revenue dropped by 5.8% to SR909.3 million, with operating profit plummeting 44% to SR139.3 million. The decline was primarily attributed to reduced revenue from capital markets and post-trade services, although growth in data and technology services provided some support.
Elsewhere in the Saudi business landscape, Masar announced the sale of a 3,217-square-metre plot in Makkah’s Masar Destination for SR139 million to Al-Sakan Al-Mithali for Development. The transaction, expected to bolster liquidity and support ongoing projects, led to a 5.06% rise in Masar’s shares to SR15.15.
Additionally, Electrical Industries Co. approved a SR150 million project to establish Saudi Arabia’s first factory for tanks and radiators for medium to extra-high-voltage power transformers. The construction is set to begin in the first quarter of 2027, with operations commencing in 2029, aligning with Saudi Vision 2030 to expand local manufacturing capabilities.
In real estate, Asas Makeen Real Estate Development and Investment signed an agreement with N Building to develop a residential project in Riyadh’s Al-Arid district, with estimated costs over SR55.6 million. Makeen will oversee the project on an 8,800-square-metre plot, holding a 15% stake in N Building. The company’s shares rose 3.28% to SR18.58 following the announcement.
Lastly, Al-Mohafaza Co. for Education proposed distributing SR4.8 million in cash dividends for the financial year ended July 31. This proposal, amounting to SR0.60 per share or 6% of the nominal share value, awaits general assembly approval, with further details to be provided post-approval.