Most Important News

1. Trump: US-Iran Deal 'Complete'! Strait of Hormuz Open;
2. Kingdom Holding’s SpaceX Stake Surges to $6.8 Billion After IPO;
3. Dumping AMD and Cutting Tesla, Cathie Wood’s $440 Million Bet on SpaceX;

At the close of 14/6/2026, the Tadawul All Shares Index(TASI.SA) increased by 0.57%, closing at 11104.42 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) rose by 0.29%, closing at 23041.37 points.

As of Friday’s close, the S&P 500 index(SPX.US) increased by 0.50%, the NASDAQ(IXIC.US) rose by 0.31%, and the Dow Jones Industrial Average(DJI.US) increased by 0.70%.

Trump: US-Iran Deal 'Complete'! Strait of Hormuz Open

U.S. President Trump posted on social media, saying, “An agreement with Iran has now been reached. Congratulations, everyone! I hereby officially approve the free opening of the Strait of Hormuz, and immediately authorize the U.S. Navy to lift the blockade. Ships of all nations, start your engines. Let the oil flow!”

The Iranian Deputy Foreign Minister also confirmed that the text of a memorandum of understanding (MoU) between the U.S. and Iran has been finalized and will be officially signed in Switzerland on June 19. The Deputy Foreign Minister revealed that the text of the memorandum will be released after the official signing; negotiations on the final agreement will take place within 60 days, focusing on lifting sanctions, nuclear issues, determining the final mechanism for Iran’s reconstruction, and monitoring implementation.

Saudi Housing Demand Remains Strong Despite Conflict-Driven Slowdown

Despite a 50% drop in residential transactions in early 2026 due to the Iran conflict, affordability issues, and weaker mortgages, Knight Frank reports Saudi housing demand is robust, underpinned by population growth, rising homeownership, and government initiatives. Prices continue to rise, especially in Riyadh, while the market’s long-term fundamentals remain intact thanks to reforms, large-scale developments, and expanding supply. Office demand also stayed strong, with Grade A rents and occupancy high, despite new supply challenges.

KSA Stocks

Kingdom Holding’s SpaceX Stake Surges to $6.8 Billion After IPO

Kingdom Holding Co.(4280.SA)  saw the value of its SpaceX stake jump nearly 53% to $6.83 billion following SpaceX’s Nasdaq debut. The company, controlled by Prince Alwaleed bin Talal, owns 42.4 million shares (0.34%) in SpaceX, which closed its first trading day at $160.95 per share with a $2.1 trillion market cap. The stake, previously valued at $4.47 billion, implies an unrealized gain of about $2.36 billion for Kingdom Holding.

GASCO Announces SAR 112.5 Million H1 Cash Dividend

Alghaz Waltsnae Company Eligibility Alqabida(2080.SA)’s board approved a SAR 112.5 million cash dividend for the first half of 2026, paying SAR 1.5 per share (15% of par value) to shareholders on record as of August 23. Payouts will be on September 10, with a 5% withholding tax for non-resident investors unless exempt.

Group Five Pipe Approves 43% Cash Dividend for 2025

Group Five Pipe Saudi Co(9523.SA)’s general assembly approved a SAR 120.4 million cash dividend for 2025, equal to 43% of capital (SAR 4.3 per share). The record date is June 14, 2026, with payment due within 15 business days.

USA Stocks

SpaceX Soars to $2 Trillion Valuation on Nasdaq Debut, Attracts $350 Billion in Orders; Musk Becomes World's First Trillionaire

As Elon Musk’s SpaceX(SPCX.US) debuted on the Nasdaq, the world’s richest man officially saw his net worth surpass $1 trillion, becoming humanity’s first-ever “trillionaire.” During the trading session, the stock soared over 30%, reaching a high of $176.52. By the close, gains had narrowed to 19.22%, with the stock ending at $160.95.

Dumping AMD and Cutting Tesla, Cathie Wood’s $440 Million Bet on SpaceX

On June 12, 2026, Cathie Wood’s ARK Invest disclosed its trading activity for the day, revealing a major shift in investment strategy. Most notably, several of its ETFs collectively purchased 3,291,184 shares of SpaceX(SPCX.US), with a total transaction value reaching $444,309,840—highlighting the fund’s growing interest in the space technology sector. At the same time, ARK significantly reduced its holdings in Advanced Micro Devices, Inc.(AMD.US), selling a total of 80,536 shares through its ARK Autonomous Technology & Robotics ETF(ARKQ.US), ARK Next Generation Internet ETF(ARKW.US), and ARK Space Exploration & Innovation ETF(ARKX.US) for a transaction value of $39,337,809, extending its ongoing trend of cutting exposure to AMD.