Market Update: We break down the business implications, market impact, and expert insights related to Market Update: Emerging markets should depend less on external funding, says Nigeria finance minister – Full Analysis.
RIYADH: Saudi Arabia’s Tadawul All Share Index climbed on Tuesday, closing at 11,213.97, up 18.52 points, or 0.17 percent. The MSCI Tadawul 30 Index also advanced to 1,512.07, up 0.19 percent, while the parallel market Nomu index declined 0.14 percent to 23,639.92.
Market breadth was positive, with 142 gainers against 116 decliners. Trading activity reached 303.6 million shares, generating a total turnover of SR4.5 billion ($1.1 billion).
Among the session’s leading gainers, MBC Group surged 9.98 percent to SR31.96, Americana Restaurants International PLC climbed 9.50 percent to SR1.96, and Nayifat Finance Co. rose 6.84 percent to SR12.50. Al Aziziah REIT Fund gained 6 percent to SR4.77, while Electrical Industries Co. advanced 4.67 percent to SR14.34.
Consolidated Grunenfelder Saady Holding Co. recorded the steepest decline, sliding 9.96 percent to SR8.59. Thimar Development Holding Co. fell 5.04 percent to SR36.58, Al Kathiri Holding Co. eased 4.07 percent to SR2.12, Taiba Investments Co. declined 4.06 percent to SR34.54, and Taleem REIT Fund dropped 3.65 percent to SR9.78.
Mutakamela Insurance Co. announced its annual financial results for the year ended Dec. 31, 2025, reporting higher insurance revenues but a decline in net profit. Insurance revenues rose to SR879.8 million, compared with SR873.9 million a year earlier, supported mainly by growth in motor and protection and savings lines.
Net profit attributable to shareholders fell to SR7.4 million, down from SR15.2 million in the previous year, primarily due to a decline in investment income. Total comprehensive income increased 18.8 percent year on year to SR20.9 million, while shareholders’ equity stood at SR723.9 million, up 3 percent. Mutakamela shares last traded at SR10.44, down 0.57 percent.
Separately, Academy of Learning Co. said its board approved the distribution of cash dividends for the first half of the fiscal year ending June 30, 2026. The company will distribute SR13.5 million, equivalent to SR0.10 per share, to shareholders.
The eligibility date is set for April 16, 2026, with distribution scheduled for April 28, 2026. Dividends transferred to non-resident investors are subject to withholding tax under applicable regulations. Academy of Learning shares last traded at SR7.30, up 1.11 percent.