Market Movements Now | Aramco (2222) Awards APC (2200) SAR 48M Contract; IPO Stock DBS (7205) Up 13% Creates New High; 8 Key Dividend Events to Watch Today
DBS 7205.SA | 0.00 | |
ALKHABEER GROWTH AND INCOME 4701.SA | 0.00 | |
SAUDI ARAMCO 2222.SA | 0.00 | |
ALRAJHI 1120.SA | 0.00 | |
SNB 1180.SA | 0.00 |
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TASI Mid-Market Update — May 21, 2026
Saudi Arabia's benchmark stock index (Tadawul All Shares Index(TASI.SA)) rose marginally in early trade on Thursday, along with broader regional gains across the Gulf equities market.
Market analysts noted that Saudi Arabian Oil Co.(2222.SA) is projected to increase its use of imported fuel oil for power generation this summer. This expected shift follows a reduction in natural gas supplies from oilfields that were shut down due to the regional conflict's impact on exports.
The broader Gulf market sentiment was supported by firming oil prices and investor anticipation surrounding U.S.-Iran negotiations, though the Saudi benchmark remained slightly pressured by its heavyweight utility and energy constituents.
In the large-cap sector, Al Rajhi Bank(1120.SA) is up by 0.2%. The Saudi National Bank(1180.SA) is rallying, 2.2%. Saudi Arabian Mining Co.(1211.SA) is surging by 2.6%. ACWA POWER Co.(2082.SA) is under pressure, dropping 2.3%. Saudi Basic Industries Corp.(2010.SA) and Saudi Arabian Oil Co.(2222.SA) are both seeing declines, moving 0.43% and 0.36% respectively.
Notable News
Aramco Awards APC SAR 48M Contract
Arabian Pipes Co.(2200.SA) signed a contract worth approximately SR 48 million with Saudi Arabian Oil Co.(2222.SA) on May 20, 2026, to manufacture and supply steel pipes. The contract spans a duration of eight months, with the resulting financial impact scheduled to reflect between Q4 2026 and Q1 2027.
Aramco Board Invites Shareholders To Meeting
The board of Saudi Arabian Oil Co.(2222.SA) invited shareholders to an Ordinary General Assembly meeting on June 8, 2026, at 18:30. Held virtually via Tadawulaty, the assembly requires a 25% ordinary share quorum with mandatory State representation. Investors will review the 2025 financial report and auditor statements.
Kingdom Holding Up 4% after Opens Shura Island Resort
Kingdom Holding Co.(4280.SA) launched operations at the Four Seasons Resort and Residences on Shura Island, welcoming its first guests on May 20, 2026. Developed via a 2023 joint venture with Red Sea Global Company, the project aligns with Saudi Vision 2030 and incurs no new financial costs. Kingdom Holding stock rose 4% following the announcement.
Alkhabeer Fund Converts To Open Ended
The Capital Market Authority approved the request of Alkhabeer Capital Co. to delist Alkhabeer Growth and Income Traded Fund(4701.SA) as a closed-end entity. Following a board recommendation in December 2025, the fund will transition to an open-ended structure, suspending unit trading on June 18, 2026, and officially delisting on June 25, 2026. This conversion allows unitholders to subscribe or redeem investments based directly on net asset value.
Key Dividend Events
| Symbol | Announcement Date | Eligibility Date | Distribution Date | Dividend Amount |
|---|---|---|---|---|
| SEDCO CAPITAL REIT Fund(4344.SA) | 2026-05-19 | 2026-05-21 | 2026-07-30 | 0.1375 |
| Abdullah Al Othaim Markets Co.(4001.SA) | 2026-05-10 | 2026-05-21 | 2026-06-17 | 0.06 |
| Dr. Sulaiman Al Habib Medical Services Group(4013.SA) | 2026-05-03 | 2026-05-07 | 2026-05-21 | 1.01 |
| Al Majed Oud Co.(4165.SA) | 2026-03-24 | 2026-05-11 | 2026-05-21 | 4.00 |
| Savola Group(2050.SA) | 2026-03-08 | 2026-05-06 | 2026-05-21 | 1.70 |
| Sumou Real Estate Co.(4323.SA) | 2026-03-04 | 2026-05-10 | 2026-05-21 | 0.50 |
| Taiba Investments Co.(4090.SA) | 2026-03-02 | 2026-05-10 | 2026-05-21 | 0.65 |
| Canadian Medical Center Co.(4021.SA) | 2026-03-01 | 2026-05-10 | 2026-05-21 | 0.08 |
Related reads: When will users receive dividends?
New 52-Week High before 12:26 pm
| Symbol | 52W High Price |
|---|---|
| Savola Group(2050.SA) | 29.18 |
| Dar AlBalad for Business Solutions Co.(7205.SA) | 14.12 |
| Jarir Marketing Co.(4190.SA) | 15.75 |
| Taleem REIT Fund(4333.SA) | 10.65 |
| Alinma Retail REIT Fund(4345.SA) | 4.95 |
| SEDCO CAPITAL REIT Fund(4344.SA) | 7.90 |
| Kingdom Holding Co.(4280.SA) | 12.00 |
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Significant Volume Surge before 12:26 pm
| Symbol | Volume Change % | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| Alkhabeer Growth and Income Traded Fund(4701.SA) | +821.39% | 56,725 | 522,660 |
| AFG International Co.(4240.SA) | +156.78% | 1,152,827 | 2,960,252 |
| Kingdom Holding Co.(4280.SA) | +28.29% | 1,240,995 | 1,592,043 |
| Nama Chemicals Co.(2210.SA) | +24.15% | 93,540 | 116,132 |
| Saudi Automotive Services Co.(4050.SA) | +17.24% | 306,649 | 359,509 |
| Almoosa Health Co.(4018.SA) | +11.4% | 43,363 | 48,307 |
Top Gainers before 12:26 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| Dar AlBalad for Business Solutions Co.(7205.SA) | 13.69 | +9.52% |
| Alkhabeer Growth and Income Traded Fund(4701.SA) | 10.50 | +7.03% |
| Kingdom Holding Co.(4280.SA) | 11.96 | +4.91% |
| Naseej International Trading Co.(1213.SA) | 22.86 | +4.43% |
| Almoosa Health Co.(4018.SA) | 115.50 | +3.87% |
| AFG International Co.(4240.SA) | 12.98 | +3.67% |
Top Losers before 12:26 pm
| Symbol | Price (SAR) | Change % |
|---|---|---|
| United International Holding Co.(4083.SA) | 39.58 | -3.65% |
| Rabigh Refining and Petrochemical Co.(2380.SA) | 15.72 | -2.84% |
| Makkah Construction and Development Co.(4100.SA) | 85.35 | -2.29% |
| Saudi Enaya Cooperative Insurance Co.(8311.SA) | 11.25 | -2.26% |
| Arabian Centres Co.(4321.SA) | 16.68 | -2.11% |