Most Important News

1. Trump: U.S. and Iran May Agree Within a Week;
2. Saudi Banks’ April Profits Rise, Mortgage Market Shows Signs of Recovery;
3. Alphabet Announces $80 Billion Funding Plan, Berkshire to Invest $10 Billion;

At the close of 1/6/2026, the Tadawul All Shares Index(TASI.SA) decreased by 0.62%, closing at 11009.52 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) rose by 0.12%, closing at 22959.39 points.

As of Monday’s close, the S&P 500 index(SPX.US) increased by 0.26%, the NASDAQ(IXIC.US) rose by 0.42%, and the Dow Jones Industrial Average(DJI.US) increased by 0.09%.

Trump: U.S. and Iran May Reach Agreement Within a Week to Extend Ceasefire and Reopen Strait of Hormuz

On June 1 local time, U.S. President Donald Trump stated that he expects to reach an agreement with Iran "within the next week" to extend the current ceasefire arrangements and reopen the Strait of Hormuz. Trump said that the negotiations are progressing smoothly and expressed optimism about reaching an agreement.

Anthropic Officially Announces Confidential Filing of IPO Prospectus, May Go Public as Early as This Fall

Anthropic, the world’s most valuable AI startup, announced on Monday that it has confidentially submitted a draft S-1 prospectus to the U.S. Securities and Exchange Commission. The company stated that the proposed initial public offering will depend on market conditions and other factors. This move means Anthropic has not set a definitive timeline for going public, but has taken the lead over its competitor OpenAI— which is also reportedly preparing a confidential filing. According to reports, Anthropic may go public as early as this fall.

Saudi Banks’ April Profits Rise, Mortgage Market Shows Signs of Recovery

Saudi banks’ pre-tax profits increased 6.1% year-on-year to $2.1 billion in April, despite a monthly drop amid tighter liquidity and regional risks. Lending growth continues to outpace deposits, with banks turning to external funding. Meanwhile, the mortgage market rebounded strongly, driven by Vision 2030 projects and real estate regulatory reforms.

KSA Stocks

Lana Company Proposes SAR 1.62 Million Dividend for 2025

Lana Medical Co.(9587.SA) will hold its Ordinary General Assembly on June 30 to review 2025 financials, appoint auditors, and vote on a SAR 1.62 million cash dividend (SAR 0.03 per share, 3% of par value), set for disbursement on November 22, 2026. Electronic voting opens June 27.

Axelerated Solutions Signs MOU for 30% Stake in Shaheen Platform

Axelerated Solutions for Information and Communication Technology Co.(9637.SA) signed a preliminary MOU to acquire 30% of the Shaheen Electronic Insurance Broker Platform, pending due diligence, definitive agreements, and approvals. The financial impact will be assessed once the final deal is completed.

USA Stocks

Alphabet Announces $80 Billion Funding Plan, Berkshire to Invest $10 Billion

On June 1, according to Bloomberg, Alphabet Inc. Class A(GOOGL.US)’s parent company Alphabet plans to raise $80 billion in equity. The financing consists of three parts: a $30 billion concurrent underwritten public offering, a $40 billion at-market offering, and a $10 billion private placement investment from Berkshire Hathaway. Berkshire’s investment is split into two parts: purchasing $5 billion of Class A common stock at $351.81 per share, and $5 billion of Class C capital stock at $348.20 per share. Alphabet will use the funds raised to expand its artificial intelligence computing infrastructure.

Trump’s “Old Endorsement Video” Spreads, IBM Surges 10% Intraday to All-Time High

An old video of Donald Trump praising the CEO of IBM Corp(IBM.US) began circulating again on social media. Combined with Barclays initiating coverage and giving an overweight rating, this drove IBM’s share price up by as much as 10.1% intraday on Monday. However, the rally wasn’t purely driven by sentiment — IBM had previously secured a $1 billion government quantum contract and announced a $10 billion investment plan. Notably, Trump’s trust account holds IBM shares.