Most Important News

1. Trump reiterates optimism about a US-Iran agreement, expects it to be signed “within a week”;
2. Zain KSA Reports SAR 201 Million Net Profit in Q1 2026, Up 116% Year-on-Year
3. Arm Q4 Revenue Up 20.2% Year-on-Year, AGI CPU Demand Exceeds $2 Billion;

At the close of 6/5/2026, the Tadawul All Shares Index(TASI.SA) decreased by 0.52%, closing at 10949.27 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) rose by 0.38%, closing at 22811.84 points.

As of Wednesday’s close, the S&P 500 index(SPX.US) increased by 1.46%, the NASDAQ(IXIC.US) rose by 2.02%, and the Dow Jones Industrial Average(DJI.US) increased by 1.24%.

Trump reiterates optimism about a US-Iran agreement, expects it to be signed “within a week”

On May 6 local time, US President Trump said he is optimistic about reaching a framework agreement with Iran, believing it "is likely to yield results." When asked about the specific timeframe for reaching an agreement, Trump estimated "within a week." In an interview that day, Trump expressed optimism about the prospects of an agreement between the US and Iran, stating that the possible deal would include Iran transporting its highly enriched uranium to the United States.

Anthropic and SpaceX Announce Compute Power Deal Involving Space Development

On Wednesday, Anthropic announced that it has reached an agreement with Elon Musk’s SpaceX to use all the computing power of the Colossus 1 data center located in Memphis, Tennessee. As part of the deal, Anthropic will gain access to over 300 megawatts of compute power. In addition, Anthropic has also "expressed interest" in working with SpaceX to develop multi-gigawatt compute power in space.

KSA Stocks

Saudi Steel Pipe Posts SAR 52 Million Net Profit in Q1 2026 Despite Lower Sales

Saudi Steel Pipe Co.(1320.SA) reported a net profit of SAR 52 million for the first quarter of 2026, a 4% increase year-on-year, even as sales declined 15% to SAR 385 million. The profit growth was mainly driven by reduced selling and finance costs, as well as an improved product mix, while the company maintained a strong cash position and stable shareholder equity.

Zain KSA Reports SAR 201 Million Net Profit in Q1 2026, Up 116% Year-on-Year

Mobile Telecommunication Company Saudi Arabia(7030.SA) recorded a net profit of SAR 201 million for the first quarter of 2026, more than doubling last year’s figure despite a slight 1% drop in revenue to SAR 2.66 billion. This strong profit growth was fueled by improved gross profit margins, a SAR 98 million one-off gain from the Universal Service Fund, and lower finance costs following debt optimization. Quarter-on-quarter, net profit declined 13% due to seasonal factors impacting sales and higher operating expenses linked to network expansion.

USA Stocks

Arm Q4 Revenue Up 20.2% Year-on-Year, AGI CPU Demand Exceeds $2 Billion

Arm Holdings(ARM.US) fell 6% after hours. In the last fiscal quarter, the company’s revenue rose 20.2% year-on-year to $1.49 billion, and adjusted earnings per share reached $0.60—both surpassing analyst expectations. Management noted that demand for energy-efficient CPU designs in AI data centers continues to heat up, effectively offsetting short-term pressure in the smartphone market. The company also revealed that customer demand for its AGI CPU products in fiscal years 2027 to 2028 has already exceeded $2 billion. However, profit margins have come under some pressure: Arm’s adjusted operating margin was about 53% in the same period last year, but has dropped to around 49% this fiscal year.

U.S. Lithium Giant Reports Soaring Earnings

Albemarle Corporation(ALB.US) rose nearly 4% after hours. Thanks to a rebound in lithium prices and growing demand for data center energy storage batteries, the U.S. lithium giant’s first-quarter sales jumped 33% year-on-year to $1.43 billion. Adjusted EBITDA surged to $663.8 million—more than double the previous year and far exceeding the market expectation of $468.2 million