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RIYADH: ������Ƶ’s Tadawul All Share Index fell 107.47 points on Monday, or 0.99 percent, to close at 10,791.64. 

Total trading turnover reached SR4.66 billion ($1.24 billion), with 31 stocks advancing and 223 declining.

The Kingdom’s parallel market, Nomu, also declined, shedding 213.58 points, or 0.81 percent, to close at 26,235.8, as 23 stocks advanced while 64 retreated.

The MSCI Tadawul 30 Index slipped 12.37 points, or 0.88 percent, to end at 1,394.75. 

The best-performing stock of the day was flynas Co., which rose 3.48 percent to SR75.90. 

Despite the Monday’s gain, flynas Co. posted a net loss of SR714.65 million for the first half of 2025, compared with a net profit of SR388.01 million in the same period a year earlier. 

The company reported an increase in revenue by 1.27 percent year-on-year to SR3.97 billion, while gross profit rose 6.43 percent to SR865.99 million. The airline attributed the loss to non-recurring initial public offering-related expenses totaling SR1.08 billion. 

Other top gainers included Ataa Educational Co., up 3.36 percent to SR66.05, and Al Sagr Cooperative Insurance Co., which increased 3.14 percent to SR14.12. Electrical Industries Co. and Raoom Trading Co. also advanced, gaining 2.82 percent and 2.56 percent, respectively.

On the losing side, Almunajem Foods Co. dropped 10 percent to SR58.95, followed by Saudi Advanced Industries Co., down 9.52 percent to SR23.00, and Jadwa REIT Al Haramain Fund, which fell 8.09 percent to SR5.34. 

Al-Dawaa Medical Services Co. and BAAN Holding Group Co. also closed lower, retreating 6.29 percent and 5.96 percent, respectively.

On the announcements front, MBC Group Co. reported a 41.07 percent year-on-year increase in net profit to SR335.43 million for the first half of 2025, compared to SR237.77 million in the same period last year.

Revenue for the period rose 37.83 percent to SR3.03 billion, while gross profit climbed 20.06 percent to SR843.10 million. The company’s shares closed down 4.05 percent at SR30.32.

Gulf General Cooperative Insurance Co. widened its net loss after zakat to SR52.86 million for the first half of 2025, compared with a loss of SR13.41 million in the prior-year period. 

Insurance revenues fell 10.08 percent year on year to SR173.45 million, while total comprehensive loss deepened to SR50.35 million from SR13.41 million. The stock ended the session 1.39 percent lower at SR4.98.

Al Moammar Information Systems Co. announced the renewal and amendment of a bank facility compliant with Islamic Shariah from Saudi Awwal Bank, valued at SR269.96 million. 

The agreement, signed on Aug. 9, 2023, is secured by promissory notes and will be used to finance new projects and issue letters of credit and guarantees. MIS shares closed down 0.77 percent at SR128.80. 

RIYADH: ������Ƶ’s Real Estate General Authority announced an increase of 185 percent in the number of renewed Owners’ Association Certificates through its electronic portal during the first half of the year compared to the same period in 2024.

The number of renewed certificates exceeded 635 during this period, as part of the authority’s efforts to create a sustainable regulatory environment that safeguards the rights of property owners and residents of jointly owned real estate units.

As a key part of Saudi Vision 2030, REGA aims to professionalize real estate practices, streamline licensing, and promote investment through digital platforms like Mullak. In addition, REGA has introduced off-plan property regulations to better protect both buyers and developers.

Mullak’s indicators for the first half show the establishment of 3,600 new Owners’ Associations, covering more than 9,000 registered real estate units.

This brought the total number of accredited associations to 17,000. Over 16,000 new members joined during this time, raising the total number of registered members on the portal to more than 160,000.

The authority also registered 4,000 association presidents and over 1,000 property managers, reflecting the growing scope of participation in association management and the increasing interest in regulating relationships between owners and improving the efficiency of community management.

REGA said the total number of transactions processed through the Owners’ Associations portal exceeded 74,000.

These transactions included property registrations, ownership transfers, appointment voting for association leaders, and issuance and renewal of certificates.

The portal also provides additional services to support the development and regulation of the real estate sector.

The authority said that property managers in accredited Owners’ Associations are authorized to document lease contracts related to the investment of common areas.

Such contracts require prior approval through members’ voting on the electronic portal before they can be officially documented via the Ejar platform.