Most Important News

1. Yansab Rallies 4% on Strong Q2, Declares SAR 1 H1 Dividend
2. flynas Expands Airbus Commitment to 235 Jets with 25 New Orders
3. Saudi Steel Pipe and Arabian Pipes Win Aramco Contracts Worth SAR 161M
4. Alphabet Tops Q2 Estimates as Google Cloud Revenue Jumps 82%

Tadawul All Shares Index(TASI.SA)  rose 0.7%, or 77 points, to 10,775 on July 22, with total turnover near SAR 3.8 billion and advancers outpacing decliners 171 to 97. 

Banks led the advance, with The Saudi National Bank(1180.SA)  up 3% to SAR 39.90 and among the most active by turnover, while  Saudi Basic Industries Corp.(2010.SA)  added 2.2% to SAR 53.35 and  Yanbu National Petrochemical Co.(2290.SA)  gained 4% to SAR 32.56 after stronger-than-expected Q2 results. Saudi Pharmaceutical Industries and Medical Appliances Corp.(2070.SA)  jumped 4% to SAR 30.68 on ACDIMA's sale of a 10% stake to two funds, while East Pipes Integrated Company for Industry(1321.SA)  slid nearly 10% to SAR 198.90 after posting quarterly results.

On Wall Street, the S&P 500 index(SPX.US)  slipped 0.14% to 7,498.96, the NASDAQ(IXIC.US)  fell 0.57% to 25,690.90, and the Dow Jones Industrial Average(DJI.US)  edged down 6.06 points, or 0.01%, to 52,218.58 on Wednesday, as a rise in oil prices pressured equities and investors looked ahead to another busy day of corporate earnings.

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Brent Crude Rises Nearly 4% Amid Fears of Supply Disruptions

Brent crude (September delivery) climbed $3.49, or 3.85%, to $94.50 a barrel and WTI (August) rose $3.29, or 3.90%, to $87.63 on July 22, as growing fears of disruptions to global energy supplies followed the eleventh consecutive night of US military strikes targeting Iranian military sites. US crude inventories rose per American Petroleum Institute data, while markets awaited official EIA figures later in the day, with expectations of a draw of about two million barrels.

World Bank Warns Middle East War Could Cut 2026 Global Growth to 1.3%

World Bank Chief Economist Indermit Gill warned an escalation of the war in the Middle East could slow global economic growth to 1.3% in 2026, down from 2.9% in 2025, potentially reigniting inflation and pushing interest rates higher. In a Reuters interview, Gill said the worst-case scenario — assuming the war continues six months or more — is increasingly likely, with global inflation possibly reaching 4.5%. Continued military exchanges and damage to regional oil infrastructure could worsen food insecurity by disrupting shipments of fertilizers, helium and sulfur, with poorer and heavily indebted countries most vulnerable.

KSA Stocks

flynas Confirms Order for 25 Additional Airbus Jets

Flynas Co.(4264.SA)  confirmed an order for 25 additional Airbus jets — five A330-900 and 20 A321neo aircraft — deepening its strategic partnership with the European planemaker. The agreement lifts flynas' total commitment for the A330neo to 20 aircraft and its A321neo commitment to 56, bringing its overall firm order book with Airbus to 235 planes. The low-cost carrier, which operates a fleet of 67 Airbus aircraft, is expanding capacity across domestic, regional and long-haul routes to meet growing travel demand in the Kingdom and beyond.

SSP Wins SAR 92.7M Steel Pipe Contract from Aramco

Saudi Steel Pipe Co.(1320.SA)  said it won and signed a 10-month contract with Saudi Aramco valued at about SAR 92.7 million to supply steel pipes for the oil and gas sector. The company told Tadawul the financial impact will be reflected in H1 2027, and confirmed there are no related parties to the deal. The order adds to a steady stream of contracts for the pipe maker from the kingdom's energy major.

Yansab Declares SAR 1.00 H1 Dividend, Total SAR 562.5M

Yanbu National Petrochemical Co.(2290.SA)  announced an H1 2026 cash dividend of SAR 1.00 per share, equal to 10% of capital and a total payout of SAR 562.5 million. The record date is set for September 6, 2026, with payment due September 28. Based on the latest share price of SAR 32.56, the stock carries a dividend yield of 7.28%. The payout comes after Yansab rallied 4% on stronger-than-expected Q2 results.

Jamjoom Pharma to Distribute 22% Dividend for H1 2026

Jamjoom Pharmaceuticals Factory Co.(4015.SA)  said its board approved a 22% cash dividend for H1 2026, or SAR 2.2 per share, totaling SAR 154 million based on current capital of SAR 700 million (70 million shares). The record date is July 30, 2026, with payment scheduled for August 13. The distribution tops the SAR 2.0 per share paid for H2 2025, reflecting the drugmaker's continued cash returns to shareholders.

Arabian Pipes Signs SAR 68M Supply Contract with Aramco

Arabian Pipes Co.(2200.SA)  signed an eight-month contract with Saudi Arabian Oil Co.(2222.SA)  to manufacture, coat and supply steel pipes, valued at about SAR 68 million. The company told Tadawul the financial impact will be reflected in Q4 2026 and Q1 2027, and said there are no related parties to the deal. The order supports Arabian Pipes' order book as Aramco continues to invest across its upstream and downstream network.

MIS Signs MoU to Study Three New Data Centers with BSF Capital

Al Moammar Information Systems Co.(7200.SA)  signed a memorandum of understanding with BSF Capital, acting on behalf of Saudi Data Center Fund 1, to study and assess the expansion of three additional data centers with aggregate capacity of about 48 megawatts across Riyadh, Dammam and Jeddah. MIS would act as developer, designer and contractor and provide ongoing asset and facility management. The MoU is valid for 90 days from signing.

USA Stocks

Tesla Beats Q2 Revenue Estimates, EPS Slips as Cybercab Enters Production

Tesla Motors, Inc.(TSLA.US)  posted Q2 revenue of $28.24 billion, topping the $25.71 billion estimate, with deliveries of 480,126 vehicles, up 25% year-over-year and above the 406,000 consensus. EPS came in at $0.33, below the $0.50 expected. Full Self-Driving active subscriptions reached 1.48 million, up 56% YoY, while digital asset holdings fell to $674 million. The company said Cybercab has entered production this quarter and Optimus robot output is set to begin "soon." Shares fell 2.8% to $363.42 in after-hours trading Wednesday.

Alphabet Tops Q2 Estimates as Google Cloud Surges 82%

Alphabet Inc. Class A(GOOGL.US)  reported Q2 revenue of about $119.80 billion versus $116.82 billion expected, with EPS of $9.11, up 294% year-over-year. Total revenue rose 24% YoY, led by Google Cloud at $24.77 billion (up 82% on AI infrastructure demand), YouTube ads at $11.06 billion and Google Search at $63.27 billion. Gemini now processes 22 billion API tokens per minute with 950 million monthly active users, and the company ended the quarter with about $242.47 billion in cash and equivalents. Shares rose 1.39% to $346.67 in after-hours.

Texas Instruments Beats Q2 on Industrial and Data Center Demand; Shares Slip

Texas Instruments Incorporated(TXN.US)  reported Q2 revenue of $5.46 billion (versus $5.25 billion) and EPS of $2.14 (versus $1.92), up 23% year-over-year on growth in industrial, data center and auto segments. The chipmaker guided Q3 revenue of $5.65–6.15 billion and EPS of $2.23–2.57, both above consensus, and generated $8.7 billion in operating cash flow over the trailing twelve months. Despite the double beat and upbeat outlook, shares fell 3.45% to $284.04 in after-hours Wednesday.