Market Movements Now | US–Saudi Deals Hit $575bn, Including Maharah (1831); Maaden (1211), MP Materials Ink Rare Earth Deal; 1 Saudi Stock Hits New 52-Week High
SENAAT 2240.SA | 36.02 | -6.68% |
RASAN 8313.SA | 137.00 | +1.48% |
NVIDIA Corporation NVDA | 175.75 175.88 | +0.77% +0.07% Post |
RIYADH CABLES 4142.SA | 119.70 | -0.17% |
MAADEN 1211.SA | 65.40 | +0.93% |
TASI Mid-Market Update — November 20, 2025
Saudi Arabia’s benchmark index Tadawul All Shares Index(TASI.SA) opened slightly higher, before turned to a 0.1% loss in early Thursday trade. The early move tracked improved global sentiment after NVIDIA Corporation(NVDA.US)’s stronger-than-expected earnings forecast, which bolstered interest in technology and AI-related names.
Riyadh Cables Group Co.(4142.SA) gained 0.3%, while Saudi Arabian Mining Co.(1211.SA) rose 2.5%, following news that MP Materials Corporation Ordinary Shares - Class A(MP.US) will partner with Maaden and the U.S. Department of Defense to establish a rare earths refinery in Saudi Arabia.
Read more: Cherry Trading (4265) IPO Draws Retail Demand With 647% Oversubscription
Market participants are awaiting the release of September’s delayed U.S. non-farm payrolls report later today for indications on the Federal Reserve’s policy path. Current pricing shows about a 33% probability of a 25 bp rate cut in December, down from roughly 50% the previous day, a key consideration for Gulf markets where currencies are largely pegged to the U.S. dollar.
Notable News
US–Saudi Deals Hit $575bn
Total US–Saudi investments reached $575 billion, including $307 billion from Trump’s Riyadh visit and $267 billion in new forum agreements. The deals span energy, AI, defense, space and healthcare, giving US firms Saudi market access while Saudi companies gain US technology, supporting growth in both economies.
Maharah Signs Deal during U.S.–Saudi Forum
Maharah Human Resources Co.(1831.SA)’s subsidiary GAC signed a five-year Brand License Agreement with ManpowerGroup during the U.S.–Saudi investment forum. The deal supports Maharah’s strategy to grow in professional recruitment and outsourcing, leveraging Manpower’s USD 18 billion global platform. Financial impact is expected from 2026.
Masar Sells SAR 91.8m Plot
Umm Al Qura for Development and Construction Co.(4325.SA) signed a reservation agreement to sell a 3,061.58 sqm plot in Makkah’s Masar Destination to Arabian Dyar for SAR 91.85 million. The investor paid a deposit and aims to finalize the sale by November 2026. The deal boosts liquidity now and adds to results once completed or on expiry.
Maaden, MP Materials Ink Rare Earth JV Deal
Saudi Arabian Mining Co.(1211.SA) signed a binding term sheet with MP Materials and Mountain JV to negotiate advisory, technical and shareholder agreements for a rare earth refining and separation facility in Saudi Arabia. Maaden will hold at least 51% of the JV, which expires if not finalized by March 2027. The term sheet has no immediate financial impact.
New 52-Week High before 1:10 pm
| Company | Price (SAR) |
|---|---|
| Rasan Information Technology Co.(8313.SA) | 117.00 |
Significant Volume Surge before 1:10 pm
| Symbol | Volume Change% | 3M Average Volume | Today's Volume So Far |
|---|---|---|---|
| Saudi Enaya Cooperative Insurance Co.(8311.SA) | 246.91% | 157,430 | 546,142 |
| Amana Cooperative Insurance Co.(8310.SA) | 227.38% | 186,029 | 609,020 |
| Salama Cooperative Insurance Co.(8050.SA) | 205.97% | 129,028 | 394,791 |
| Al Moammar Information Systems Co.(7200.SA) | 191.94% | 54,548 | 159,249 |
| Advanced Building Industries Co.(2240.SA) | 95.14% | 821,919 | 1,603,903 |
| The Mediterranean and Gulf Insurance and Reinsurance Co.(8030.SA) | 80.32% | 803,231 | 1,448,378 |
| Zahrat Al Waha for Trading Co.(3007.SA) | 64.18% | 765,979 | 1,257,583 |
| Rasan Information Technology Co.(8313.SA) | 52.66% | 438,498 | 669,413 |
Top Gainers as of 12:56 pm
| Company | Price | Change |
|---|---|---|
| Advanced Building Industries Co.(2240.SA) | 38.04 | 8.07 % |
| Rasan Information Technology Co.(8313.SA) | 114.80 | 5.71 % |
| Saudi Enaya Cooperative Insurance Co.(8311.SA) | 8.64 | 4.73 % |
| Salama Cooperative Insurance Co.(8050.SA) | 11.20 | 4.67 % |
| Development Works Food Co.(6013.SA) | 125.60 | 2.95 % |
Top Losers as of 12:56 pm
| Company | Price | Change |
|---|---|---|
| Zahrat Al Waha for Trading Co.(3007.SA) | 2.53 | -2.32% |
| Saudi Reinsurance Co.(8200.SA) | 30.98 | -2.02% |
| Saudi Kayan Petrochemical Co.(2350.SA) | 5.48 | -1.97% |
| Arabian Drilling Co.(2381.SA) | 92.70 | -1.90% |
| Saudi Industrial Investment Group(2250.SA) | 15.04 | -1.64% |