Financial Morning Summary | Derayah(4084) Invests SAR 100M in D360 Bank; Miahona (2084) & Al Hammadi (4007) Cash Dividend Reminder; SpaceX Stages Largest IPO in History
Tadawul All Shares Index TASI.SA | 0.00 | |
KNOWLEDGE NET 9561.SA | 0.00 | |
DERAYAH 4084.SA | 0.00 | |
SPIMACO 2070.SA | 0.00 | |
SENAAT 2240.SA | 0.00 |
Most Important News
- World Bank Cuts 2026 Saudi Growth Forecast to 3.1%
- Derayah Invests SAR 100 Million in D360 Bank Capital Increase
- SpaceX IPO Becomes Largest in History at $1.77 Trillion
Saudi Arabia's benchmark Tadawul All Shares Index(TASI.SA) closed 0.3%, or 29 points, higher at 11,042 points, June 11. Total turnover reached about SAR 4.9 billion. The index recorded highs of 11,042 and lows of 10,996.
US Market Index Stocks rose on Friday as SpaceX(SPCX.US) 's opening pop bolstered sentiment, with investors hoping for a potential US-Iran peace deal. The S&P 500 index(SPX.US) closed up 0.5% at 7,431.46, while the NASDAQ(IXIC.US) Composite added 0.31% to finish at 25,888.84. The Dow Jones Industrial Average(DJI.US) advanced 353.51 points, or 0.7%, to settle at 51,202.26.
Elon Musk's rocket maker debuted on the Nasdaq at $150 per share, trading under the symbol SPCX. That's above its $135 IPO price. The stock soared more than 20% shortly after opening and closed up 19% at around $161.
Crude Oil Prices Fall Ahead of Expected US-Iran Deal
Major crude oil prices declined on June 13 on the Hyperliquid platform as investors await a potential US-Iran deal, possibly signed Sunday. Brent crude fell to $84, its lowest since April 17, with open interest at $243 million. WTI dropped for three consecutive days to $81, down from this year's high of $119.
World Bank Cuts 2026 Saudi Growth Forecast to 3.1%
The World Bank projects Saudi Arabia's economy will grow 3.1% in 2026, a 0.4% downward revision from its January estimate. Growth is expected to accelerate to 4.9% in 2027 before moderating to 3.7% in 2028, according to the latest Global Economic Prospects report.
Saudi Arabia Leads World in Desalinated Water Production
Saudi Arabia ranked first globally in desalinated water production, with daily capacity exceeding 16 million cubic meters by end-2025, a nearly 248% increase from 4.6 million in 2016. The Kingdom achieved global leadership despite being one of the world's most water-scarce countries, driven by innovation, technology investment, and sustainable solutions.
KSA Stocks
Knowledge Network Deposits SAR 435.26 From Fractional Share Sale
Knowledge Net Co.(9561.SA) completed depositing proceeds from the sale of 43 fractional shares, following its capital increase. The shares were sold at an average price of SAR 10.12, generating SAR 435.26 in total proceeds. The funds were deposited into eligible shareholders' bank accounts via Banque Saudi Fransi and Edaa on June 11, 2026.
Derayah Invests SAR 100 Million in D360 Bank Capital Increase
Derayah Financial Co.(4084.SA) announced that D360 Bank's extraordinary general assembly approved a capital increase from SAR 2.1 billion to SAR 2.92 billion, a 38.89% rise, through issuing 72.9 million new ordinary shares at SAR 20.57 per share. Derayah, currently holding a 20.4% stake, will invest SAR 100 million, expecting its stake to reach 16.35% upon completion.
Saudi Pharma Secures SAR 350 Million Credit Facility From SNB
Saudi Pharmaceutical Industries and Medical Appliances Corp.(2070.SA) signed an agreement with the Saudi National Bank to renew and increase its Sharia-compliant credit facility from SAR 200 million to SAR 350 million. The short-term financing, secured by a promissory note, covers nine months and is intended to fund working capital requirements. The facility was obtained on June 11, 2026.
Senat Receives 19.5% Stake Transfer Among Zamil Entities
Advanced Building Industries Co.(2240.SA) received notice of a major ownership transfer involving 11.7 million shares, representing 19.5% of total capital. Shares moved from Zamil Holding and Zamil Investment to Abdullah Hamad Al Zamil and Sons Holding via a private transaction on June 11, 2026. This is an internal Zamil family restructuring with no operational impact.
USA Stocks
iPhone Launch Linked to Declining US Mortality Rates
Apple Inc.(AAPL.US) 's iPhone launch in 2007 contributed to declining US mortality rates, per a new NBER study. Researchers found smartphone adoption explains much of the mortality decline over the past two decades, using AT&T's exclusive US distribution through February 2011 as a natural experiment.
SpaceX Stages Biggest IPO in History, Shares Jump 19%
SpaceX(SPCX.US) debuted on Nasdaq at $135 per share, raising $75 billion at a $1.77 trillion valuation — nearly three times the size of Saudi Aramco's IPO, making it the largest ever. The stock closed at $160.95, up 19.2%, with about 30% of the float allocated to retail investors. Other space-related stocks sold off as money rotated into the new name.
OpenAI Faces Multi-State Legal Probe Ahead of IPO
OpenAI faces a legal and regulatory storm as US states investigate its data practices and AI safety ahead of its expected public offering. A coalition of state attorneys general issued a subpoena, examining potential consumer risks from its AI products.
