"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.

Saudi Market Overview

As the new trading week approaches, Saudi market participants should prepare for significant corporate actions, dividend distributions, and macroeconomic updates that could shape market sentiment and investment decisions.

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

January 12, Sunday

AICC ( Arabia Insurance Cooperative Co.(8160.SA) ) and IOUD ( Intelligent Oud Company for Trading(9579.SA) ) will hold extraordinary general meetings.

ITMAM Consulting will close its offering on Nomu.

January 13, Monday

ATAA ( Ataa Educational Co.(4292.SA) ) will be eligible for a cash dividend and will conduct an extraordinary general meeting.

NAYIFAT ( Nayifat Finance Co.(4081.SA) ) will distribute cash dividends.

SMC ( Shmoh Almadi Co.(9622.SA) ) will be listed on Nomu. Additionally, Alshehili will close its offering on Nomu, and Basma Adeem Medical will start its offering on Nomu.

January 14, Tuesday

Saudi Arabia is set to host the opening event of the Future Minerals Forum 2025 from January 14 to 16 in Riyadh, an international annual gathering to foster regional collaboration in the sustainable development of the minerals and mining industry. The forum's Ministerial Roundtable, a government-led initiative created by Saudi Arabia, aims to unite top government representatives from around the globe to discuss the pivotal role of critical minerals in the energy transition and their potential as significant development drivers in participant countries. The forum, established by the Saudi Ministry of Industry and Mineral Resources on October 21, 2021, will continue to provide updates on its progress.

ALBAHA ( Al-Baha Investment and Development Co.(4130.SA) ), ANAAM HOLDING ( Anaam International Holding Group(4061.SA) ), and TIBBIYAH ( Arabian International Healthcare Holding Co(9530.SA) ) will hold extraordinary general meetings.

January 15, Wednesday

GASCO ( National Gas and Industrialization Co.(2080.SA) ) and MCDC ( Makkah Construction and Development Co.(4100.SA) ) will be eligible for cash dividends.

MCDC ( Makkah Construction and Development Co.(4100.SA) ) will hold an extraordinary general meeting to discuss a capital hike.

ALETIHAD ( Al-Etihad Cooperative Insurance Co.(8170.SA) ) and MEDGULF ( The Mediterranean and Gulf Insurance and Reinsurance Co.(8030.SA) ) will also hold extraordinary general meetings.

ITMAM Consulting's final allocation date on Nomu is scheduled.

January 16, Thursday

ARDCO ( Arriyadh Development Co.(4150.SA) ), FOURTH MILLING ( Fourth Milling Co.(2286.SA) ), and CHUBB ( CHUBB Arabia Cooperative Insurance Co.(8240.SA) ) will hold extraordinary general meetings.

RIYADH CABLES ( Riyadh Cables Group Co.(4142.SA) ) will conduct an ordinary assembly meeting.

DERAYAH REIT ( Derayah REIT Fund(4339.SA) ) will distribute cash dividends.

Alshehili's final allocation date on Nomu is set.

U.S. Market Overview

Key earnings reports and financial events in the US to monitor are as follows:

Next week, the U.S. will see the release of significant economic data including the CPI, PPI, December retail sales, and initial jobless claims. The earnings season is also set to kick off, with financial and banking stocks leading the charge.

Monday

Economic Data: Federal Budget Balance (Dec), 3-Month Bill Auction, 6-Month Bill Auction.

Earnings: No notable earnings

Tuesday

Economic Data: Core PPI (YoY) (Dec), Core PPI (MoM) (Dec), PPI (MoM) (Dec), PPI (YoY) (Dec), FOMC Member Williams Speaks, API Weekly Crude Oil Stock.

Earnings: No notable earnings

Wednesday

Economic Data: Core CPI (YoY) (Dec), Core CPI (MoM) (Dec), CPI (YoY) (Dec), CPI (MoM) (Dec), FOMC Member Barkin Speaks, FOMC Member Kashkari Speaks, FOMC Member Williams Speaks, Fed Goolsbee Speaks, Beige Book.

Earnings: JPMorgan Chase & Co. ( JPMorgan Chase & Co.(JPM.US) ), Goldman Sachs Group, Inc. ( Goldman Sachs Group, Inc.(GS.US) ), Wells Fargo & Company ( Wells Fargo & Company(WFC.US) ), BlackRock, Inc. ( BlackRock, Inc.(BLK.US) ), Citigroup Inc. ( Citigroup Inc.(C.US) ), Bank of New York Mellon Corporation ( Bank of New York Mellon Corporation(BK.US) ).

Thursday

Economic Data: Initial Jobless Claims, Continuing Jobless Claims, Philadelphia Fed Manufacturing Index (Jan), Philly Fed Employment (Jan), Retail Control (MoM) (Dec), Retail Sales (MoM) (Dec), Retail Inventories Ex Auto (Nov), Atlanta Fed GDPNow (Q4), Fed's Balance Sheet.

Earnings: Taiwan Semiconductor Manufacturing ( Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR(TSM.US) ), UnitedHealth Group Incorporated ( UnitedHealth Group Incorporated(UNH.US) ), Bank of America Corporation ( Bank of America Corporation(BAC.US) ), Morgan Stanley ( Morgan Stanley(MS.US) ).

Friday

Economic Data: Building Permits (Dec), Housing Starts (MoM) (Dec), Housing Starts (Dec), Industrial Production (YoY) (Dec), Industrial Production (MoM) (Dec), Atlanta Fed GDPNow (Q4), U.S. Baker Hughes Oil Rig Count, TIC Net Long-Term Transactions (Nov).

Earnings: Schlumberger NV ( Schlumberger NV(SLB.US) ), Fastenal Company ( Fastenal Company(FAST.US) ), State Street Corporation ( State Street Corporation(STT.US) ).

Good luck with your trading!