Most Important News

1. GCC Growth to Accelerate in 2025 on Non-Oil Strength; Inflation, Banking Stable;
2. East Pipes Announces Contract With Saudi Water Authority;
3. DigitalBridge Surges Over 45%;

At the close of 7/12/2025, the Tadawul All Shares Index(TASI.SA) increased by 0.05%, closing at 10631.25 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) rose by 0.62%, closing at 24062.44 points.

As of Friday’s close, the S&P 500 index(SPX.US) increased by 0.19%, the NASDAQ(IXIC.US) rose by 0.31%, and the Dow Jones Industrial Average(DJI.US) increased by 0.22%.

Saudi Arabia Opens Subscription for December “Sah” Savings Sukuk at 4.68%

Saudi Arabia has launched the December round of its government-backed “Sah” savings sukuk, offering a 4.68% annual return—slightly lower than last month’s rate. Subscriptions are open Dec. 7–9 exclusively to Saudi nationals via authorized investment platforms, with a minimum investment set at SAR1,000 and a maximum of SR200,000. The sukuk aims to boost personal savings under Vision 2030, matures in one year, and pays fixed returns at redemption. The Saudi debt market continues to grow, with strong investor demand for fixed-income products.

IMF: GCC Growth to Accelerate in 2025 on Non-Oil Strength; Inflation, Banking Stable

The GCC is set for 3.3% growth in 2025, up from 1.7% in 2024, as OPEC+ output cuts ease. The IMF forecasts strong non-oil expansion, robust investment, and stable banking systems, with non-oil GDP boosted by major events like the World Expo 2030 and the 2034 FIFA World Cup. Inflation will remain contained, while risks include weaker oil demand, trade tensions, and project delays.

KSA Stocks

East Pipes Signs SAR 485M Contract with Saudi Water Authority

East Pipes Integrated Company for Industry(1321.SA) inked a SAR 485 million deal, including VAT, to manufacture and supply steel pipes for the Saudi Water Authority. The six-month contract was signed on Dec. 7, with financial impact expected in Q4 FY2025/26 and Q1 FY2026/27.

Marafiq, Aramco Settle Fuel Supply Dispute with SAR 70M Payment

The Power and Water Utility Company for Jubail and Yanbu(2083.SA) reached a settlement with Saudi Arabian Oil Co.(2222.SA) over Yanbu 2’s heavy fuel oil supply. Aramco will pay Marafiq SAR 70 million and grant annual exemptions on fees worth SAR 15 million until 2033.

USA Stocks

Nvidia Unveils CUDA 13.1 and CUDA Tile; Huang Calls It Biggest Upgrade in 20 Years

NVIDIA Corporation(NVDA.US) has launched CUDA 13.1 and CUDA Tile, which CEO Jensen Huang called the platform’s biggest advancement since its debut about 20 years ago. NVIDIA engineers Jonathan Bentz and Tony Scudiero wrote in a blog post: “This exciting innovation introduces a virtual instruction set for modular-based parallel programming, enabling algorithms to be written at a higher level and abstracting away details of specialized hardware such as tensor cores.”

Meta Adjusts Metaverse Hardware Roadmap, Delays “Phoenix” to 2027

Meta Platforms(META.US) is revising its metaverse hardware roadmap, with the “Phoenix” headset—seen as a rival to Apple’s Vision Pro—now rescheduled from late 2026 to the first half of 2027. The delay gives the team “more breathing room to get the details right” and deliver a “fully polished and reliable experience.”

DigitalBridge Surges Over 45%

Bloomberg reports SOFTBANK GROUP CORP(SFTBY.US) is in talks to acquire DigitalBridge Group INC(DBRG.US), privatizing the digital infrastructure firm to tap growing AI compute demand. The deal supports Masayoshi Son’s US$500B data center strategy with OpenAI and Oracle. DigitalBridge manages US$108B in assets across data centers and related infrastructure.