Most Important News

1. QFIs Net Buy SAR 241M on TASI Last Week;
2. ADES Reports 3.6% Drop in H1 2025 Net Profit, Approves Dividend;
3. Nice One Reports 43% Decline in H1 2025 Profit;
4. ACWA Power’s Business Portfolio to Double in 5 Years: CEO;

1. Market Summary

On August 1, the Dow Jones Industrial Average(DJI.US) fell by 1.23%, the NASDAQ(IXIC.US) dropped 2.24%, and the S&P 500 index(SPX.US) declined by 1.60%. 

On Sunday, Saudi Arabia's Tadawul All Shares Index(TASI.SA) dropped 87.17 points, or 0.80%, closing at 10,833.10. Meanwhile, the Kingdom's parallel market, Parallel Market Capped Index (NomuC)(NOMUC.SA), decreased by 169.14 points, or 0.63%, finishing at 26,755.84. 

2. Quick News

QFIs Net Buy SAR 241M on TASI Last Week

In the week ending July 31, qualified foreign investors (QFIs) were net buyers of SAR 241 million on the Tadawul Main Market (TASI). Retail investors purchased SAR 450 million, and high-net-worth individuals acquired SAR 283 million in shares. Conversely, mutual funds sold SAR 418 million, while Saudi corporations offloaded SAR 265 million worth of stocks.

OPEC+ Plans 547,000 BPD Output Increase for September

Eight OPEC+ members, including Saudi Arabia, Russia, and the UAE, plan to boost oil production by 547,000 barrels per day (bpd) in September. This increase, equivalent to four monthly hikes, aims to support market stability amid changing conditions. The alliance emphasized its commitment to a steady oil market based on current fundamentals and a stable global economic outlook. The move will help accelerate compensation and ensure compliance with the Declaration of Cooperation. Monthly meetings will be held to review market conditions, with the next scheduled for September 7.

US July Job Growth Falls Short of Expectations

The US Labor Department reported a significant slowdown in job growth for July, with non-farm payrolls increasing by just 73,000, well below the anticipated 110,000. Additionally, May and June figures were revised down by 258,000, indicating a cooling labor market. The unemployment rate stood at 4.2%. These developments have raised the likelihood of a Federal Reserve rate cut in September.

3. Stocks To Watch

KSA Stocks

ADES Reports 3.6% Drop in H1 2025 Net Profit, Approves Dividend

Ades Holding Co.(2382.SA) announced a 3.6% decrease in H1 2025 net profit to SAR 388.3 million, down from SAR 402.9 million the previous year. Q2 2025 saw a 5.1% drop to SAR 191.7 million compared to SAR 202.1 million in Q2 2024. Sequentially, profits fell 2.5% from Q1 2025. Shareholders’ equity reached SAR 6.6 billion by June 30, 2025, up from SAR 6.2 billion a year earlier.

Ades Holding Co.(2382.SA) announced its board's decision to distribute interim cash dividends for H1 2025, totaling SAR 231.2 million. Shareholders will receive SAR 0.21 per share, representing 21% of the share par value. Eligibility is set for August 19, 2025, with distribution on September 1. 

Wataniya Insurance Sees 88% Profit Drop in H1 2025

Wataniya Insurance Co.(8300.SA) reported an 88% decrease in net profit for H1 2025, totaling SAR 6.7 million, down from SAR 55.7 million the previous year. Q2 profits plummeted 98% to SAR 446,000 from SAR 28.4 million in Q2 2024. Sequentially, Q2 net profit fell 93% from SAR 6.24 million in Q1 2025. Shareholders’ equity rose to SAR 617.8 million by June 30, 2025, up from SAR 544.1 million a year earlier.

Nice One Reports 43% Decline in H1 2025 Profit

Nice One Beauty Digital Marketing Co.(4193.SA) announced a 43% decrease in net profit for H1 2025, reaching SAR 22.8 million, down from SAR 40.1 million the previous year. The company experienced a loss of SAR 1.3 million in Q2 2025.

ACWA Power’s Business Portfolio to Double in 5 Years: CEO

ACWA POWER Co.(2082.SA) aims to double its business portfolio within five years, following a similar expansion that has recently occurred. CEO Marco Arcelli highlighted the resilience of their business model and strategic partnerships. Despite a 2% decline in H1 2025 net profit to SAR 909 million and a 23.6% drop in Q2 to SAR 481.8 million, the company remains committed to the energy transition and sustainable growth through new market ventures.

USA Stocks

Strategy Reports First Profit in Six Quarters

Strategy (MSTR.US) posted a net profit of $9.97 billion, or $32.60 per share, for the quarter ending June 30, marking its first profit in six quarters. This contrasts with a loss of $102.6 million, or $0.57 per share, a year earlier. The company recorded $14 billion in unrealized gains from its Bitcoin holdings. As of June 30, Strategy held 597,325 Bitcoins at an average cost of $70,982 each. By July 29, holdings increased to 628,791 Bitcoins, representing about 3% of the total circulating supply, with a market value of $112 billion.

Reddit Soars Over 17% on Record Revenue Growth

On August 1, Reddit(RDDT.US) surged more than 17% as Q2 revenue climbed 78% to $500 million, marking the fastest growth in three years. This exceeded analysts' expectations of $425 million tracked by Bloomberg. Adjusted earnings per share were $0.92, surpassing the anticipated $0.72. Net profit reached $89 million, more than double the average forecast of $36 million.

4. Saudi Stock Calendar