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RIYADH: ������Ƶ’s Tadawul All Share Index slipped on Sunday, losing 61.64 points, or 0.58 percent, to close at 10,593.97. 

The total trading turnover for the benchmark index was SR2.20 billion ($587 million), with 93 stocks advancing and 153 retreating. 

The Kingdom’s parallel market Nomu fell 34.30 points, or 0.13 percent, to close at 25,525.29, as 34 stocks advanced and 48 retreated. 

The MSCI Tadawul Index declined 6.21 points, or 0.45 percent, to end at 1,375.58. 

The day’s top performer was Thimar Development Holding Co., whose share price rose 10 percent to SR50.05. Other notable gainers included Saudi Fisheries Co., up 9.95 percent to SR96.65, and Ash-Sharqiyah Development Co., which rose 7.41 percent to SR16.82. 

On the downside, Arriyadh Development Co. recorded the largest drop, falling 5.70 percent to SR31.42, followed by Al Sagr Cooperative Insurance Co., down 5 percent to SR12.16, and Obeikan Glass Co., which declined 4.12 percent to SR26.50. 

On the announcement front, LADUN Investment Co. said it had been awarded the Mishraqiya Villas Development Project in Riyadh in partnership with the National Housing Co., with an estimated value of SR446 million. 

According to a Tadawul statement, LADUN will develop over 400 residential villas on a land area of approximately 100,440 sq. meters. The company will provide future updates regarding the sub-development contract with NHC. 

LADUN closed at SR2.59, down 3 percent. 

Qomel Co. signed a memorandum of understanding with NUPCO — Waymade PLC, establishing a framework to ensure consistent supply, enhance supply chain efficiency, prioritize registration of new products in ������Ƶ, and promote knowledge exchange between the parties. 

The one-year MoU is non-binding and does not create a partnership or agency relationship. A joint working team will be formed within 14 days to create a detailed work plan, with final agreements announced upon signing. 

Qomel ended the session at SR49.80, unchanged. 

RIYADH: The Arab Energy Fund, a multilateral banking institution, sold $600 million of bonds after drawing robust demand that allowed it to tighten pricing despite one of the busiest weeks for new debt globally. 

The five-year notes, priced at the Secured Overnight Financing Rate plus 75 basis points, will mature in February 2031, the Riyadh-headquartered lender said in a statement. Investor orders were twice the planned size, prompting the fund to upsize the deal to $600 million. 

This was TAEF’s fourth public benchmark issuance in 2025, highlighting its continued presence in international markets. The broad investor interest reflects its growing role in financing the region’s energy sector. 

“This issuance is a testament of investors’ confidence in The Arab Energy Fund’s solid credit profile,” said Vicky Bhatia, chief finance officer of The Arab Energy Fund. “Their continued trust has enabled us to reprice our curve in line with our funding strategy.” 

Investor appetite helped TAEF price the bonds about 20 basis points inside prevailing secondary levels, even as more than 40 other deals were announced globally around the same time. The transaction also saw 10 basis points of tightening during book-building. 

Buyers included central banks, sovereign wealth funds, supranational institutions and agencies, with strong participation from both the Middle East and North Africa and international investors. 

Established in 1974 by ten Arab oil exporters, TAEF provides debt and equity financing across the energy value chain and has integrated environmental, social and governance practices into its $5.8 billion loan portfolio.

At the corporate level, the Fund has adopted broad ESG practices that are embedded across its portfolio, workforce and operations. These include $1.3 billion in sustainability-linked financing within a $5.8 billion loan book. 

The fund holds long-term credit ratings of Aa2 from Moody’s, AA+ from Fitch and AA- from S&P — the highest for any energy-focused financial institution in the Middle East and North Africa.