Saudi Aramco 2222 anchored the Q1 2026 reporting season this week, posting adjusted net income of $33.6 billion, up 26% year-on-year, on revenue of $431.45 billion, according to its May 10 disclosure. The board declared a Q1 base dividend of $21.9 billion, up 3.5% year-on-year, payable June 9, 2026. Capital expenditure totaled $12.1 billion in the quarter, with the company reiterating FY2026 capex guidance of $50-55 billion. Aramco's filing capped a reporting window in which 29 TASI-listed companies disclosed Q1 2026 financials before the May 12 session, the final day of the disclosure period that opened April 1, per Argaam. A further 23 issuers filed between the May 10 close and the start of trading on May 11 as companies moved to meet the deadline. Outside earnings, the Capital Market Authority announced the conviction of 15 capital market law violators with fines exceeding SAR 10.7 million, Dar AlBalad for Business Solutions Co. opened its retail subscription after institutional book-building drew 66.6 times cover, and the Saudi Exchange reported foreign holding value of SAR 462.67 billion at end-April.
Q1 2026 earnings: SABIC, stc, Maaden, banks
SABIC 2010 reported Q1 2026 adjusted net income of $218 million, versus a $373 million loss in Q4 2025, with adjusted EBITDA up 25% quarter-on-quarter, according to its April 30 statement. Net debt stood at SAR 2.77 billion ($0.74 billion) at March 31, 2026, versus a net cash position of SAR 3.61 billion at year-end 2025. stc 7010 posted Q1 net profit of SAR 3.7 billion versus SAR 3.65 billion a year earlier, on a 3.8% revenue rise to SAR 19.9 billion; EBITDA expanded 7.1% to SAR 6.6 billion. Maaden 1211 reported Q1 net earnings of SAR 1.63 billion, up 6% year-on-year, on revenue of $2.3 billion and EBITDA of $964 million. Among banks, Al Rajhi Bank 1120 posted Q1 net profit of SAR 6.75 billion, up 14.32%; SNB 1180 reported SAR 6.42 billion, up 6.66%; and Riyad Bank 1010 reported SAR 2.61 billion, up 5.13%.
Dar AlBalad IPO retail window opens after 66.6x institutional cover
Dar AlBalad for Business Solutions Co. priced its Tadawul Main Market IPO at SAR 9.75 per share, the top of the SAR 9.25-9.75 range, after institutional book-building from April 26 to April 30 was oversubscribed 66.6 times. The offering covers 21 million shares, representing 30% of share capital. The retail subscription window runs from May 10 through May 14, with final allocation scheduled for May 18, according to the offering schedule. The IPO is the latest Main Market listing to draw multi-fold institutional demand during the spring 2026 issuance window.
CMA convicts 15 capital market law violators
The Capital Market Authority announced this week the conviction of 15 violators of the Capital Market Law and its Implementing Regulations. Fines exceeded SAR 10.7 million, and violators along with other investors were ordered to pay more than SAR 12 million, according to the CMA statement carried on the Saudi Exchange website. Separately, Mohammed Hadi Al-Rasheed & Partners Co. announced on May 14 the latest developments on its board-approved transfer from the Parallel Market (Nomu) to the Main Market (TASI), via publication of the FY2025 board report. Tihama Advertising, Public Relations and Marketing Co. 4070 disclosed on the same day the resignation of a board member.
Dividends declared: Jarir, Al Othaim, Saleh Al Rashed
Jarir Marketing Co.'s board approved on May 11 a cash dividend of 21% of capital, or SAR 0.21 per share, for Q1 2026, according to a Tadawul filing. Abdullah Al Othaim Markets Co.'s board approved on May 10 a 6% cash dividend, or SAR 0.06 per share, for the same quarter. Shareholders of Saleh Abdulaziz Al Rashed and Sons Co. approved a cash dividend of 20% of capital, or SAR 2 per share, for fiscal year 2025 at an extraordinary general meeting on May 11. The three distributions follow the standard Tadawul eligibility and payment timeline disclosed in each issuer's filing.
Foreign holdings on Tadawul reach SAR 462.67B at end-April
The Saudi Exchange reported total foreign holding value of SAR 462.67 billion ($123.38 billion) at the end of April 2026. Average daily value traded was SAR 5.71 billion ($1.52 billion) for the month, according to the exchange's monthly statistics. Saudi Tadawul Group Holding Co.'s board recommended on May 5 a buyback of up to 1,220,000 ordinary shares for allocation to the Employee Stock Incentive Plan, the company said in a May 6 disclosure. The Securities Depository Center Company (Edaa) also announced on May 14 the implementation of a corporate action on Saudi Government SAR Sukuk Securities, alongside corporate actions on Middle East Pharmaceutical Industries Co. and Knowledge Net Co. securities.
Outlook
Dar AlBalad's retail subscription closes May 14, with final allocation set for May 18. Ghida Alsultan for Fast Food Co. 9567 has invited shareholders to its EGM, scheduled in person and via modern technology, per its May 14 Tadawul disclosure. Al Ashghal Al Moysra Co. 9608 flagged a project sign-off with the Association of Masjid Building on May 14, with further disclosure expected. With the Q1 2026 reporting window now closed, post-deadline filings from the 10 issuers that had not yet reported will be monitored alongside ongoing dividend eligibility and payment dates for Jarir, Al Othaim, and Saleh Al Rashed in the coming weeks.