Closing Bell: Saudi main market ends lower at 10,453

12/09/2025 02:35 AST

Saudi Arabia's Tadawul All Share Index ended lower on Thursday, falling 44.98 points, or 0.43 percent, to close at 10,453.06.

The total trading volume reached 192.58 million shares, with a turnover of SR3.56 billion ($948 million). A total of 57 stocks advanced, while 190 declined.

The MSCI Tadawul 30 Index slipped 3.77 points, or 0.28 percent, to finish at 1,361.21.

The Kingdom's parallel market Nomu also eased, dropping 49.03 points, or 0.20 percent, to settle at 25,026.22, with 47 gainers against 43 losers.

Among the top performers, Thimar Development Holding Co. surged 5.84 percent to SR46.40, while Ayyan Investment Co. climbed 5.09 percent to SR12.19.

Raydan Food Co. rose 2.93 percent to SR13.71, Al Moammar Information Systems Co. gained 2.73 percent to SR131.50, and Taiba Investments Co. advanced 2.57 percent to SR36.72.

On the losing side, Dar Al Majed Real Estate Co. dropped 8.17 percent to SR12.70, while Arriyadh Development Co. fell 5.23 percent to SR28.64.

Middle East Healthcare Co. declined 4.38 percent to SR53.50, National Medical Care Co. shed 4.23 percent to SR160.80, and Buruj Cooperative Insurance Co. slipped 4.15 percent to SR15.24.

On the announcement front, Jamjoom Fashion Trading Co. announced the successful completion of its initial public offering of 2.38 million shares, representing 30 percent of its capital, at a final offer price of SR145 per share.

The offering, priced at the top of its earlier indicated range of SR140-145, implies a market capitalization of SR1.15 billion and generated total proceeds of SR346 million.

The company said the IPO was oversubscribed 4.5 times, with an order book reaching SR1.56 billion.

Kamal Jamjoom, founder and chairman, stated: "We are deeply encouraged by the strong demand from a diverse range of qualified investors, which reaffirms the market's confidence in homegrown brands that are proudly taking Saudi development concepts to new markets, scaling in innovative ways, and blending the best of online shopping with brick-and-mortar experiences to attract and build a loyal customer base."

The shares will be listed on the parallel market of the Saudi Exchange following regulatory approvals.

After the offering, Kamal Osman Jamjoom Trading Co. will retain a 70 percent stake in the company, subject to a 12-month lock-up period. Surplus subscription funds will be refunded by September 11, 2025, the company said.