Closing Bell: Saudi main index closes in red at 12,385

Arab News

12-02-2025

RIYADH: Saudi Arabia's Tadawul All Share Index dipped on Wednesday, losing 38.62 points, or 0.31 percent, to close at 12,385.70.
The total trading turnover of the benchmark index was SR5.61 billion ($1.49 billion), as 52 of the listed stocks advanced, while 184 retreated.
The MSCI Tadawul Index decreased by 3.62 points, or 0.23 percent, to close at 1,540.24.
The Kingdom's parallel market Nomu dipped, losing 266.72 points, or 0.84 percent, to close at 31,303.60. This came as 28 of the listed stocks advanced, while 52 retreated.
The best-performing stock was Fawaz Abdulaziz Alhokair Co., with its share price surging by 5.48 percent to SR16.54.
Other top performers included Abdullah Saad Mohammed Abo Moati for Bookstores Co., which saw its share price rise by 3.35 percent to SR41.65, and National Gas and Industrialization Co., which saw a 3.03 percent increase to SR115.60.
The greatest decliner of the day was Allied Cooperative Insurance Group, with its share price dropping 4.21 percent to SR17.28.
The Power and Water Utility Co. for Jubail and Yanbu saw a fall, with its shares dropping 3.66 percent to SR48.75, while Buruj Cooperative Insurance Co. saw a fall of 3.63 percent to SR22.28.
On the announcements front, Americana Restaurants International PLC — Foreign Co. reported its 2024 annual financial results, posting a net profit of SR595.3 million, a 38.8 percent decline from the previous year.
In a statement on Tadawul, the company said the dip was 'impacted by lower adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), and increased depreciation charges on account of new store openings and corporate tax implementation in the UAE.'
In Wednesday's trading session, the company's share price remained stable at SR2.62.
Moreover, Abdullah Al Othaim Markets Co. shared its interim financial results for the period on Dec. 31 with net profits amounting to SR286.4 million, reflecting a 72.8 percent surge compared to the same period in the previous year.
The firm attributed the surge in profits to a 2.61 percent growth in its sales with higher profit margins and improved rental revenues. The Tadawul statement said that this growth came in addition to the increase in the company share of associates' profits, where it realized about SR161.3 million from the initial public offering of the Fourth Milling Co.
The shares of Abdullah Al Othaim Markets Co. traded 0.38 percent lower on the main market today to close at SR10.52.
In another announcement, Saudi Electricity Co. said that it has completed a $2.75 billion dual-tranche Sukuk offering under its international sukuk issuance program.
According to a release on the Saudi Exchange, the offering included a $1.5 billion first tranche and a $1.25 billion second tranche designated as a green sukuk.
The US dollar-denominated senior unsecured sukuk carries returns of 5.23 percent per annum for the five-year tenor and 5.49 percent per annum for the 10-year green sukuk tranche.
Each sukuk unit has a par value of $200,000, with a total issuance of 13,750 units. The sukuk will be listed on the London Stock Exchange and offered exclusively outside the US.
In Wednesday's trading session, the company's shares traded 0.46 percent lower on the main market to close at SR17.14.