Most Important News

1. BlackRock Sees Rising Foreign Flows into Saudi Assets amid Structural Reforms;
2. ADES Wins SAR 236m Brunei Jackup Contract With Brunei Shell;
3. SAL Saudi Logistics Inks Three-Year Deal With Riyadh Air;
4. Major Shareholder In Perfect Presentation Plans Share Transfer;

At the close of 26/11/2025, the Tadawul All Shares Index(TASI.SA) dropped by 0.48%, closing at 10635.38 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) declined by 0.64%, closing at 23898.85 points. 

On Wednesday, November 26, US stocks opened higher and closed in the green, marking a four-day winning streak for major indexes. By the close, the Dow Jones Industrial Average(DJI.US) rose 0.67% to 47,427.12 points, the S&P 500 index(SPX.US) gained 0.69% to 6,812.61 points, and the NASDAQ(IXIC.US) climbed 0.82% to 23,214.69 points.

Saudi Chemical Exports Rise 3% in September

Saudi Arabia's chemical exports increased by 3% year-on-year to SAR 7.1 billion in September 2025, according to the General Authority for Statistics. This marks a 6% rise from August, amounting to SAR 401.4 million. Chemicals comprised 22% of the SAR 32.1 billion in non-oil exports. India led as the top importer, accounting for 29% of exports, followed by China and the UAE at 17% and 6%, respectively. Imports fell 8% YoY to SAR 6.68 billion.

BlackRock Sees Rising Foreign Flows into Saudi Assets amid Structural Reforms

BlackRock, Inc.(BLK.US) said it is watching Saudi Arabia’s market “with cautious enthusiasm” as higher foreign ownership limits, a stable riyal–US dollar peg, and capital‑market development support greater foreign inflows into equities and bonds. Ben Powell noted lower oil prices are speeding funding diversification, while securitisation in mortgages and AI‑driven infrastructure projects, especially in Saudi Arabia and the UAE, should draw more global investors through 2026.

JPMorgan Revises Fed Rate Cut Forecast, Eyes S&P 500 Surge

JPMorgan economists have revised their forecast, now predicting the Federal Reserve will cut rates in December, reversing a previous expectation of a January cut. This change follows comments from key Fed officials, including NY Fed President Williams. The bank anticipates two 25-basis-point reductions by early next year. Strategists, led by Dubravko Lakos-Bujas, foresee the S&P 500 reaching 8,000 by 2026 if the Fed eases further amid improving inflation dynamics.

KSA Stocks

ADES Wins SAR 236m Brunei Jackup Contract With Brunei Shell

Ades Holding Co.(2382.SA), via wholly owned subsidiary Shelf Drilling, secured a new two-year offshore drilling services contract for its Compact Driller standard jackup with Brunei Shell Petroleum. The rig, now working in India until May 2026, will move to Singapore for preparations before starting plug and abandonment operations offshore Brunei in Q4 2026. The deal is estimated at about SAR 236 million (USD 63 million), with financial impact expected to begin in the fourth quarter of 2026.

SAL Saudi Logistics Inks Three-Year Deal With Riyadh Air

SAL Saudi Logistics Services Co.(4263.SA) said its logistics division signed a three-year logistics services and facilities lease agreement with Aviation Services Company, known as Riyadh Air, at King Khalid International Airport in Riyadh. The pact, effective 26 Nov 2025, covers dedicated warehouses for aircraft engines and spare parts and a range of logistics services. SAL expected a positive financial impact over the contract term, with renewal and termination options.

Major Shareholder In Perfect Presentation Plans Share Transfer

Perfect Presentation for Commercial Services Co.(7204.SA) said it received a letter on 26 Nov 2025 from major shareholder Al-Amthal for Business and Commercial Investment Company stating it intends to transfer 68,460,000 shares, or 20.74% of the company, into investment portfolios of its owners and certain related parties, subject to regulatory approvals. The move will alter the list of major shareholders once the process is completed.

Saudi Paper Refinances Medium-Term Debt With Favorable New Loan

Saudi Paper Manufacturing Co.(2300.SA) said it fully repaid ahead of schedule a medium-term loan from Arab Banking Corporation Bank on 26 Nov 2025, settling EUR16,253,125 (about SAR70,326,134). The company funded the repayment with a new facility from Gulf International Bank on more favorable terms, as part of a debt restructuring plan aimed at improving cash flow, cutting future financing costs, and boosting financial flexibility, highlighting its strong solvency and liquidity.

Naqi Water Buys Layer Chicks To Boost Poultry Project Output

Naqi Water Co.(2282.SA) said it signed a biological assets purchase deal for 230,000 “Hy-Line” layer chicks worth SAR908,500, self-financed, as the second phase of its fully owned poultry project. The batch is expected to add more than 60 million table eggs in annual capacity, lifting targeted output to about 120 million eggs, over four times pre-acquisition levels. Financial impact is projected to appear in 2H 2026.

AMAK Wins 10-Year Gold Mining License For Khutainah Site

Almasane Alkobra Mining Co(1322.SA) (AMAK) said it has received a 10-year gold ore mining license for the Khutainah site in Najran Province under ministerial decree 4190/1/1447, covering an area of 9.84 sq km. Mining operations are expected to start in Q1 2026 in line with AMAK’s growth strategy. Khutainah lies next to the company’s Guyan mining license, a positioning that should bolster the sustainability of the Guyan processing plant, lower capital and operating costs via shared infrastructure, and improve resource utilization, creating added value for the company.

National Gypsum Board Member Mashhoor Al-Obeikan Resigns

National Gypsum Co.(2090.SA) said its board, via circular resolution, accepted the resignation of independent board member Mashhoor Mohammed Abdulrahman Al-Obeikan, effective 26 Nov 2025, the same date the resignation was submitted. Al-Obeikan, who joined the board on 27 May 2025, stepped down citing personal circumstances. The board thanked him for his contributions and wished him continued success.

TMC Lawsuit Against SABIC Hits Jurisdiction Hurdle

Twareat Medical Care Co.(9627.SA) said its external counsel notified it that a competent panel ruled commercial courts lack jurisdiction over its dispute with Saudi Basic Industries Corp.(2010.SA) regarding unpaid financial differentials tied to minimum volumes of medical tests. Twareat will publish the judgment’s reasoning once received. The Nomu-listed firm had sued in Riyadh Commercial Court, seeking SAR34.51 million for operating eight clinics between Dec. 2019 and Nov. 2024.

Abo Moati Board Proposes 5% Interim Cash Dividend

Abdullah Saad Mohammed Abo Moati for Bookstores Co.(4191.SA) said its board proposed a 5% cash dividend for H1 2025/26, equal to SAR 0.5 per share. The plan covers capital of SAR200 mln, meaning a total payout of SAR10 mln over 20 mln shares. The record date is Dec. 1, 2025, with eligibility set by Edaa registration, and payment scheduled for Dec. 15, 2025.

USA Stocks

Tesla Motors, Inc.(TSLA.US) to Double Austin Robotaxi Fleet as US Expansion Accelerates

Tesla Motors, Inc.(TSLA.US) rose nearly 2% after revealing plans to double its autonomous taxi fleet in Austin, Texas, in December, less than six months after launching its robotaxi service there. Elon Musk indicated on X that deployment is accelerating. The company also secured approval to run ride-hailing services in Arizona, signaling a rapid push after years of delays, while rivals Waymo and Zoox likewise expand their robotaxi operations.

Oracle Corporation(ORCL.US) Jumps Over 4% as Wall Street Dip‑Buyers Eye 90% Upside

Oracle Corporation(ORCL.US) climbed more than 4% amid growing bullish calls, with Deutsche Bank arguing that widely cited bearish factors should actually be seen as positives and that the current near‑US$200 share price reflects virtually no value for its OpenAI‑related business. HSBC said worries over more than US$500 bln in remaining performance obligations mainly stem from limited disclosure, leaving markets to fill gaps and triggering unnecessary panic.