Most Important News

1. Humain Targets Top AI Token Export
2. SAL Q4 Net Profit Jumps 42%, Declares SAR 1.89 Dividend
3. Spotify Surge 15% On Earnings

At the close of Feb. 10, 2026, the Tadawul All Shares Index(TASI.SA) increased by 0.17%; the Parallel Market Capped Index (NomuC)(NOMUC.SA) down by 0.14%.

US stock futures inched higher Wednesday morning as traders looked ahead to the release of the delayed January jobs report.

S&P 500 index(SPX.US) futures rose 0.2%, as did the NASDAQ-100(NDX.US) futures. Futures tied to the Dow Jones Industrial Average(DJI.US) advanced 85 points, or nearly 0.2%.

Traders are looking ahead to the Bureau of Labor Statistics’ release of the January nonfarm payrolls report due Wednesday morning. The data had been delayed due to a partial government shutdown that ended on Feb. 3.

Economists expect that the latest jobs report will show little to no growth in January. The Dow Jones consensus is calling for a gain of 55,000, compared to a December increase of 50,000. Economists also see the unemployment rate landing at 4.4%. In addition, traders will be on the lookout for a batch of revisions from the BLS, which could shed some light on the state of the U.S. jobs market and economy.

PIF Forum Inks SAR 60B Deals

The Public Investment Fund concluded its fourth Private Sector Forum by signing 135+ MoUs worth SAR 60 billion. Highlighting its economic impact, the fund noted it invested SAR 750 billion domestically since 2021 and contributed SAR 910 billion to non-oil GDP, representing nearly 10% of the Kingdom's non-oil economy in 2024.

Humain Targets Top AI Token Export

Humain CEO Tareq Amin announced plans to commercialize a native Saudi operating system and position the Kingdom as the world's largest AI token exporter. The company secured a $1.2B financing framework to develop 250MW of capacity and perviously formed a joint venture with Saudi Telecom Co.(7010.SA), in which Humain holds a 51% stake.

Banks Press CMA To Review IPO Quotas

Saudi banks are reportedly pressing the Capital Market Authority to reconsider guidance encouraging up to 30% retail allocations in IPOs, warning it risks weakening listing performance amid soft demand. While recent deals like Electrical Industries Co.(1303.SA) saw 50% retail tranches, advisors now plan a formal complaint against the push from the typical 10%.

Saudi Industrial Output Jumps 8.9%

Saudi Arabia’s industrial production rose 8.9% YoY in December, reaching 113.6 points, driven by a 13.2% surge in mining activity as oil output climbed to 10.1 million bpd. Manufacturing expanded 3.2% on strong chemical production, while non-oil industrial activities posted a 5.8% annual gain according to GASTAT data.

KSA Stocks

Al Masar FY25 Profit Rises 9%, Proposes SAR 75M Dividends

Al Masar Al Shamil Education Co.(6019.SA) reported FY 2025 net profit of SAR 130.4M, up 9% YoY, driven by a 22% surge in revenue to SAR 533.9M amid strong enrollment growth. Consequently, the board recommended a SAR 75M cash dividend, equivalent to SAR 0.7324 per share (7.3% of par value).

SAL Q4 Net Profit Jumps 42%, Declares SAR 1.89 Dividend

SAL Saudi Logistics Services Co.(4263.SA) reported Q4 net profit of SAR 201.7M, a 42% YoY jump driven by a 25% revenue surge to SAR 509.2M and strong ground handling growth. Full-year net profit rose 5.5% to SAR 697.9M with EPS reaching SAR 8.72. Consequently, the board approved a Q4 cash dividend of SAR 1.89 per share.

Al Arabia Unit Extends Remat Contract

Arabian Contracting Services Co.(4071.SA) announced that subsidiary Faden Media signed an addendum with Remat Al-Riyadh extending its outdoor advertising contract to July 26, 2035. The amendment includes a six-month unpaid grace period and a one-year paid extension to address operational challenges, a move the company states will enhance planned returns.

Dawar Al Saada Eyes IPO By 2027

Dawar Al Saada is preparing an IPO file for 2027 after posting SAR 44 million in 2025 net profit with margins reaching 30%. CEO Abdulilah Al-Aiban revealed the 180-branch chain recently sold a 40% stake at a SAR 370 million valuation and plans to open up to 55 new locations in 2026.

BAAN Sets New Deal Cutoff Date

BAAN Holding Group Co.(1820.SA) extended the long stop date for its real estate acquisitions with AlOula and Al Hokair to May 1, 2026, pushing back the previous March 1 deadline. The firm cited ongoing work to satisfy closing conditions, including General Assembly approval, following the CMA's capital increase clearance in January.

USA Stocks

Spotify Surge 15% On Earnings

Spotify(SPOT.US) shares surged 15% after Q4 net profit jumped 200% to €1.17 billion, fueled by successful price increases. Monthly active users grew by a record 38 million to reach 751 million, while new management outlined plans to make 2026 a "year of elevated ambition."

Saylor Vows To Weather Bitcoin Crash

Strategy(MSTR.US) Chairman Michael Saylor pledged to hold Bitcoin even if prices crash 90% over four years, explicitly rejecting liquidation scenarios. Saylor emphasized the firm would prioritize debt restructuring or refinancing to manage obligations, citing lender confidence in the asset's value despite market volatility.

Robinhood, Astera Tank On Earnings Results

Robinhood Markets, Inc. Class A(HOOD.US) shares slumped as Q4 net profit fell to $605M despite a 27% revenue rise to $1.28B. 

Separately, Astera Labs(ALAB.US) tumbled post-earnings even as revenue surged 92% to $270M and adjusted profit climbed to $105M, signaling investor disappointment with the results.

Alphabet Raises Near $32B In Debt

Alphabet Inc. Class A(GOOGL.US) / Alphabet Inc. Class C(GOOG.US) raised nearly $32B in debt within 24 hours, issuing bonds across USD, GBP, and CHF markets. The $20B USD portion attracted over $100B in orders, while a rare £1B 100-year bond was nearly 10 times oversubscribed amid record-breaking demand.

Altruist Tool Sparks Wealth Sector Selloff

Traditional wealth management stocks slumped after Altruist released a new tool, sparking competitive concerns. Raymond James Financial, Inc.(RJF.US) plunged nearly 9% and LPL Financial Holdings Inc.(LPLA.US) fell over 8%, while Charles Schwab Corp(SCHW.US) dropped more than 7% and Stifel Financial Corp(SF.US) slipped nearly 4% amid the selloff.