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RIYADH: ������Ƶ’s Tadawul All Share Index dipped on Monday, losing 46.06 points, or 0.39 percent, to close at 11,644.55.

The total trading turnover of the benchmark index was SR5.28 billion ($1.40 billion), as 60 of the listed stocks advanced, while only 193 retreated. 

The MSCI Tadawul Index also decreased, down 3.61 points or 0.24 percent, to close at 1,518.54. 

The Kingdom’s parallel market Nomu lost 262.23 points, or 1.03 percent, to close at 25,221.77. This comes as 22 of the listed stocks advanced, while 58 retreated. 

The best-performing stock was Saudi Industrial Development Co., with its share price surging by 4.83 percent to SR32.10. 

Other top performers included Saudi Enaya Cooperative Insurance Co., which saw its share price rise by 4.14 percent to SR9.06, and Fawaz Abdulaziz Alhokair Co., which saw a 3.08 percent increase to SR24.75. 

On the down side, the worst performer of the day was CHUBB Arabia Cooperative Insurance Co., whose share price fell by 4.39 percent to SR30.50. 

ACWA Power Co. fell 3.70 percent to SR239.50, while Sumou Real Estate Co. dropped 3.70 percent to SR39. 

On the announcements front, ������Ƶn Amiantit Co. said signed a two-year memorandum of understanding with ������Ƶ Railways to enhance cooperation in railway infrastructure development. 

According to a Tadawul statement, the signing took place during the Saudi International Railway Exhibition and Conference held in Riyadh. 

The MoU aims to strengthen cooperation between the two parties in developing and upgrading stormwater drainage infrastructure and protecting facilities through the use of GRP pipes, the statement added. 

The two parties agreed to exchange experiences and conduct practical tests in order to contribute to achieving their common interests. 

������Ƶn Amiantit Co. said that “there is no financial impact on signing this memorandum.” 

The company’s shares traded 0.58 percent lower on the main market to reach SR20.58. 

RIYADH: French transport firm Alstom is executing 12 active railway projects across ������Ƶ, revealed the company’s CEO for ������Ƶ and the Middle East. 

In an interview with Al-Eqtisadiah during the Saudi International Railway Exhibition and Conference, Mohamed Khalil said the projects cover the full spectrum of rail services, including design, execution, operation, and maintenance.  

Alstom is a major contributor to Riyadh’s metro network, providing rolling stock and systems for four of the six lines. 

������Ƶ’s rail transport sector recorded a 335 percent year-on-year surge in passengers to 39 million in the third quarter of 2025, fueled by the full launch of the Riyadh Metro. 

“������Ƶ is witnessing a boom in railway projects, and many cities are experiencing internal growth, so they need to connect cities like Jeddah, Dammam, and Al-Ula, in addition to Al-Ula and Riyadh,” Khalil told Al-Eqtisadiah. 

He also pointed to the performance of the Riyadh Metro as evidence of a shifting public transport culture. Despite initial skepticism about its use in a hot climate, the metro has recorded approximately 100 million passengers in its first nine months of operation, establishing itself as a primary mode of daily transport. 

Positioning Alstom as a “global local company” in ������Ƶ, Khalil stressed the company's deep-rooted presence. “We have been here for 70 years, and we aspire to continue for hundreds of years to come, to be an essential part of the infrastructure supporting the growth and development of the railway industry in ������Ƶ,” he concluded. 

The conference was inaugurated by ������Ƶ’s Minister of Transport and Logistics Services, Saleh Al-Jasser, who highlighted the significant leaps the sector is witnessing.  

He emphasized that modern rail transport has become a fundamental pillar for national development and economic growth, facilitating trade and mining operations. 

In a separate statement, Bashar Al-Malik, CEO of the Saudi Railways Co., confirmed that ������Ƶ is working on implementing the remaining parts of a railway line that will link it to other Gulf Cooperation Council countries.  

A 200-km section connecting Dammam to Ras Al-Khair via Jubail is already complete and operational. The final timeline for the GCC-wide rail link is pending approval from the Gulf states’ leaders. 

������Ƶ’s railway network now spans over 5,500 km, including the northern network connecting Riyadh to the Jordanian border, the eastern network linking Riyadh to the Arabian Gulf coast. 

The Haramain High-Speed Railway, which connects the holy cities of Makkah and Madinah with one of the world's fastest electric trains.