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The Latest Breaking News from Tadawul

Saudi Aramco Stock Surges Amid Geopolitical Tensions Following Drone Strike on Ras Tanura Refinery

Shares of Saudi Arabian Oil Co., commonly known as Saudi Aramco, climbed sharply in recent trading sessions as escalating Middle East tensions, including a reported drone strike on one of its key facilities, rattled regional markets while boosting investor interest in the world's largest oil producer.

International Business Times

Geopolitics helps drive Middle Eastern money to Asia as wealthy Gulf investors hedge their bets

The Middle East missed Asia's rise the first time around. They don't want to miss out again.

Fortune

Saudi Aramco Reports 1 Billion Profit In 2023

Aramco's 2023 profit of 1 billion reflects resilience amidst energy price challenges and strategic shifts in Saudi Arabia's economy.

Top News

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Saudi CMA Waives Sukuk, Bonds Trading Commission to Develop Market

Saudi Arabia’s Capital Market Authority (CMA) on Sunday announced waiving its share in sukuk and bonds trading commission starting from May 2023. This step comes as part of the efforts to reduce costs on market participants in a way that enhances liquidity, increases competitiveness in the local market and expands…

Asharq Al-Awsat

Saudi PIF to Sell 10% Stake in Tadawul Group

Saudi Arabia's Public Investment Fund (PIF) is selling a 10% stake in Saudi Tadawul Group, the owner and operator of the Kingdom's stock exchange, via an accelerated book-build offering, Reuters quoted a regulatory filing on Thursday. PIF, a sovereign wealth fund with over $600 billion in assets, has hired HSBC…

Asharq Al-Awsat

Saudi Bourse to Launch Single Stock Futures on July 4

The Saudi stock exchange Tadawul plans to launch single stock futures on July 4, which will enable local and international investors to hedge and manage portfolio risks more effectively. Tadawul said in a statement on Sunday that the underlying stocks for single stock futures have been selected from the largest…

Asharq Al-Awsat

Saudi oil giant Aramco's first-quarter profits surge 80%

Oil giant Saudi Aramco says its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and soaring oil prices following Russia’s invasion of Ukraine

The Independent UK

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Saudi Stock Market Companies Touch $613 Billion in Revenues

Saudi companies listed on the stock market recorded a 56.3 percent increase in their business, reaching total revenue of $613.3 billion. Al-Jazira Capital reported that the Saudi companies on the Saudi Stock Exchange (Tadawul) recorded $613.3 billion in revenues, compared to $392 billion in 2020, while the listed Saudi companies…

Asharq Al-Awsat

Saudi Stocks Rise after Kingdom Lifts COVID-19 Restrictions

Saudi Arabian shares closed higher on Sunday, tracking a rise in oil prices as the Kingdom lifted all COVID-19 restrictions, and the conflict in Ukraine intensified. Saudi Arabia's benchmark index ended up on a 0.4 percent rise, the highest peak recorded in July 2006, buoyed by petrochemical and energy stocks,…

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