Most Important News

1. Iranian Missiles Hit Gulf States, Strait of Hormuz Closed Again;
2. OpenAI, Meta, and SpaceXAI Compete for More Cost-Effective AI Models;
3. Bin Saedan Real Estate Proposes SAR 0.25 Dividend Per Share;

At the close of 12/7/2026, the Tadawul All Shares Index(TASI.SA) increased by 0.10%, closing at 10818.98 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) fell by 0.78%, closing at 22554.84 points.

As of Friday’s close, the S&P 500 index(SPX.US) increased by 0.42%, the NASDAQ(IXIC.US) rose by 0.29%, and the Dow Jones Industrial Average(DJI.US) increased by 0.29%.

Iranian Missiles Hit Gulf States, Strait of Hormuz Closed Again

Last Sunday, U.S. and Iranian forces exchanged intense missile and drone attacks, with Iran targeting American military sites in several Gulf countries and announcing the closure of the strategic Strait of Hormuz. This escalation marks the latest round in ongoing clashes over control of the strait. The U.S. and Iran have issued conflicting statements: Trump insists the strait is open, while Iran claims to have shut it down after warning and disabling unauthorized vessels.

OpenAI, Meta, and SpaceXAI Compete for More Cost-Effective AI Models

In the past week, three well-known AI developers launched new models, each claiming outstanding performance. However, their most appealing feature may be their extremely low usage costs, reflecting a renewed focus on affordability as enterprise clients scrutinize AI spending. Previously, pay-as-you-go pricing led to high expenses for some companies. Now, top AI developers must maximize customer value without harming their own interests. Meta is adopting an "aggressive" pricing strategy, while OpenAI is focused on developing more efficient models and strengthening cost control.

KSA Stocks

Bin Saedan Real Estate Proposes SAR 0.25 Dividend Per Share

Hamad Mohammed Bin Saedan Real Estate Co.(9648.SA) recommended a cash dividend of SAR 0.25 per share (2.5% of par value) for 2025, totaling SAR 7,058,823.5 across 28,235,294 shares. Eligibility will be set for shareholders at the close of trading two days after the General Assembly, pending regulatory approval. Non-resident investors are subject to a 5% withholding tax.

KEC Signs SAR 117.6 Million Contract for Riyadh Schools Complex

Knowledge Economic City(4310.SA) signed a SAR 117.6 million contract with Astra Construction Co. for electromechanical, architectural, and external works on the Riyadh Schools complex. The project, delivered over 10 months, is part of a previously agreed partnership with Riyadh Schools Group (RSG), a Misk Foundation subsidiary. KEC will develop the campus, while RSG will operate it for boys and girls under Riyadh Schools’ standards. Payments to the contractor will be made in monthly installments based on progress. No related parties are involved

USA Stocks

SK Hynix CEO: Memory Chip Shortage Will Persist Beyond 2030

On July 10, Korean memory chip giant SK hynix(SKHY.US) was officially listed on Nasdaq. In an interview with Reuters, CEO Kwak Noh-jung warned that the global memory industry will face its most severe supply shortage by 2027. Despite SK Hynix’s efforts to expand production, he predicts that for most of the next decade, demand for memory chips will far exceed supply.

Nvidia Roadshow: Quarterly Revenue Nears $100 Billion, Growth Accelerates, No Delay for Rubin Ultra

Morgan Stanley released notes from NVIDIA Corporation(NVDA.US)’s  NDR roadshow. Nvidia denied rumors of a Rubin Ultra delay and confirmed shipments will begin next year. Notably, Nvidia’s share of computing power for a major client previously reliant on ASICs has reached nearly 50%, showing ASIC replacement isn’t a one-way trend. Nvidia’s growth is increasingly diversified, with AI labs, sovereign AI, and new cloud providers driving expansion.