Weekly Watch | Fed rate decision looms; U.S. earnings season continues, Microsoft & Meta capex in focus; Dividend events for APC (2200), Kingdom (4280)

ALMUJTAMA MEDICAL
DBS
DERAYAH REIT
EQUIPMENT HOUSE
DRC

ALMUJTAMA MEDICAL

9592.SA

0.00

DBS

7205.SA

0.00

DERAYAH REIT

4339.SA

0.00

EQUIPMENT HOUSE

4014.SA

0.00

DRC

9621.SA

0.00

"Weekly Watch" provides a snapshot of the key events, economic data, and earnings reports expected to influence the financial markets in the US and Saudi Arabia over the upcoming week, allowing you to stay ahead and capture market opportunities in advance.

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Next Week Overview

In Saudi Arabia, market participants are closely eyeing the upcoming Q2/2026 GDP - Flash Estimate data scheduled for the 29th. On the equities front, focus is centered on upcoming dividend events for Arabian Pipes Co.(2200.SA), The Saudi National Bank(1180.SA), and Kingdom Holding Co.(4280.SA). Additionally, Arabian Pipes Co.(2200.SA) is set to hold an Extraordinary General Meeting regarding a capital hike.

On the geopolitical front, US-Iran tensions are escalating once again. US President Trump stated that he is "seriously considering" resuming large-scale military operations against Iran. In response, both Iran and Houthi armed forces declared that they are fully prepared for combat.

Looking at the broader economic calendar, Wednesday evening will bring Kevin Warsh’s second Federal Reserve policy meeting. With Brent crude oil breaching the $100 per barrel mark and US Treasury yields surging to new 2026 highs, there is a strong possibility that interest rate hike expectations could be reignited.

Meanwhile, Wall Street is gearing up for a blockbuster second week of earnings. The lineup kicks off with SK hynix Inc. Sponsored ADR(SKHY.US)’s inaugural earnings report since its US listing. This will be followed by a massive tech day, with Microsoft Corporation(MSFT.US), Meta Platforms(META.US), Lam Research Corporation(LRCX.US), and Arm Holdings(ARM.US) all reporting results on the same day, while Apple Inc.(AAPL.US) and Amazon.com, Inc.(AMZN.US) will also headline their own shared reporting day. Furthermore, key Dow components including Visa(V.US), Coca-Cola Company(KO.US), and Procter & Gamble Company(PG.US) are scheduled to release their financial results.

The following are the details:

Saudi Market 

Note: All dates provided are estimates based on company announcements and are subject to change at any time, earlier or later.

26 July 2026

EventCompany
Ordinary assembly meetingAlmujtama Alraida Medical Co.(9592.SA) 
Extraordinary general meetingDar AlBalad for Business Solutions Co.(7205.SA) 
Eligibility for cash dividendDerayah REIT Fund(4339.SA) 

27 July 2026

EventCompany
Extraordinary general meeting

Scientific and Medical Equipment House Co.(4014.SA) 

Digital Research Co.(9621.SA) 

Extraordinary general meeting (capital hike)

Mohammed Hasan AlNaqool Sons Co.(9514.SA) 

Arabian Pipes Co.(2200.SA) 

Ordinary assembly meetingEast Pipes Integrated Company for Industry(1321.SA) 
Eligibility for bonus shares

Arabian Pipes Co.(2200.SA) 

Mohammed Hasan AlNaqool Sons Co.(9514.SA) 

28 July 2026

EventCompany
Conference call with analysts and investorsAl Rajhi Bank(1120.SA) 
Eligibility for cash dividend

The Saudi National Bank(1180.SA) 

Riyad Bank(1010.SA) 

Alistithmar AREIC Diversified REIT Fund(4350.SA) 

API Report on US Crude Oil InventoriesAmerican Petroleum Institute
Board meetingAmericana Restaurants International PLC - Foreign Company(6015.SA) 

29 July 2026

EventCompany
EIA Report on US Crude Oil and Petroleum InventoriesE.I.A
GDP - Flash Estimate Q2/2026General Authority For Statistics 

30 July 2026

EventCompany
Cash dividend distribution

Rawasi Albina Investment Co.(9547.SA) 

SEDCO Capital REIT Fund(4344.SA) 

Eligibility for cash dividend

Naqi Water Co.(2282.SA) 

Etihad Etisalat Co.(7020.SA) 

Jamjoom Pharmaceuticals Factory Co.(4015.SA) 

Bank Albilad(1140.SA) 

Kingdom Holding Co.(4280.SA) 

Conference call with analysts and investorsSaudi Basic Industries Corp.(2010.SA) 

U.S. Market

Earnings Calendar

DateCompany
27 July 2026

AstraZeneca PLC(AZN.US) 

Celestica Inc.(CLS.US) 

28 July 2026

Boeing Company(BA.US) 

Unilever PLC Sponsored ADR(UL.US) 

Coca-Cola Company(KO.US) 

Corning Inc(GLW.US) 

United Parcel Service, Inc. Class B(UPS.US) 

Sherwin-Williams Company(SHW.US) 

Visa(V.US) 

Seagate Technology Holdings PLC(STX.US) 

KLA(KLAC.US) 

Ford Motor Company(F.US) 

SK hynix Inc. Sponsored ADR(SKHY.US) 

BLOOM ENERGY CORP(BE.US) 

GlaxoSmithKline plc Sponsored ADR(GSK.US) 

PayPal Holdings, Inc.(PYPL.US) 

Royal Caribbean Group(RCL.US) 

NXP Semiconductors NV(NXPI.US) 

Teradyne, Inc.(TER.US) 

29 July 2026

ADVANTEST CORP(ATEYY.US) 

UBS Group AG(UBS.US) 

Procter & Gamble Company(PG.US) 

VERTIV HOLDINGS LLC(VRT.US) 

Amphenol Corporation Class A(APH.US) 

Lam Research Corporation(LRCX.US) 

Arm Holdings(ARM.US) 

Robinhood(HOOD.US) 

Microsoft Corporation(MSFT.US) 

Meta Platforms(META.US) 

30 July 2026

Mizuho Financial Group Inc Sponsored ADR(MFG.US) 

Shell Plc Sponsored ADR(SHEL.US) 

Altria Group, Inc.(MO.US) 

Mastercard(MA.US) 

Tempus Al(TEM.US) 

Amazon.com, Inc.(AMZN.US) 

Apple Inc.(AAPL.US) 

Strategy(MSTR.US) 

American Electric Power Company, Inc.(AEP.US) 

Intercontinental Exchange, Inc.(ICE.US) 

31 July 2026

KIOXIA HOLDINGS CORPORATION(KXIAY.US) 

Sony Group Corporation American Depositary Shares(SONY.US) 

Linde plc(LIN.US) 

Exxonmobil Holdings Corporation(XOM.US) 

AbbVie, Inc.(ABBV.US) 

Eaton Corp. Plc(ETN.US) 

VIRTUS DUFF & PHELPS CLEAN E(VCLN.US) 

Chevron Corporation(CVX.US) 

Economic Data Calendar

DateEconomic Events
27 July 2026
  • Durable Goods Orders MoM JUN
  • Durable Goods Orders Ex Transp MoM JUN
  • Dallas Fed Manufacturing Index JUL
28 July 2026
  • ADP Employment Change Weekly
  • Goods Trade Balance Adv JUN
  • Retail Inventories Ex Autos MoM Adv JUN
  • Wholesale Inventories MoM Adv JUN
  • S&P/Case-Shiller Home Price YoY MAY
  • CB Consumer Confidence JUL
  • API Crude Oil Stock Change JUL/24
29 July 2026
  • MBA 30-Year Mortgage Rate JUL/24
  • EIA Crude Oil Stocks Change JUL/24
  • EIA Gasoline Stocks Change JUL/24
  • Fed Interest Rate Decision
  • Fed Press Conference
30 July 2026
  • Core PCE Price Index MoM JUN
  • GDP Growth Rate QoQ Adv Q2
  • Personal Income MoM JUN
  • Personal Spending MoM JUN
  • GDP Price Index QoQ Adv Q2
  • Initial Jobless Claims JUL/25
  • PCE Price Index MoM JUN
  • PCE Price Index YoY JUN
31 July 2026
  • Employment Cost - Benefits QoQ Q2
  • Employment Cost - Wages QoQ Q2
  • Employment Cost Index QoQ Q2
  • Chicago PMI JUL
  • Michigan Consumer Sentiment Final JUL

Wishing you successful trading and prosperous investment decisions in the week ahead!