The Tadawul All Share Index (TASI) closed the week lower, finishing 0.9%, or 103 points, down at 11,013 points on June 10, according to Argaam's daily market report. Turnover stood near SAR 5.7 billion, with the session ranging between 11,008 and 11,116 points. Earlier in the week, TASI advanced 0.4%, or 44 points, to 10,973 points on June 8, on turnover of about SAR 5.7 billion, with intraday highs of 10,982 and lows of 10,880. Saudi Exchange data disclosed that the average daily value traded reached SAR 5.73 billion (USD 1.53 billion) for May 2026, providing the latest monthly benchmark for market activity. Regulatory and corporate disclosures shaped the tape, led by a CMA approval for Standard Chartered Capital Saudi Arabia to conduct investment management and fund operation activities, announced on June 8. Tadawul filings during the week also recorded contract awards at Al Majdiah Residential, Lana, NCLE and SAL Saudi Logistics Services, dividend approvals at SAIB and SPIMACO, completion of share buyback purchases at Alinma Bank 1150, and the cancellation of a planned initial public offering by MGC.
CMA approves Standard Chartered Capital for investment management
Standard Chartered Capital Saudi Arabia announced on June 8 receipt of Capital Market Authority (CMA) approval to conduct investment management and fund operation activities in the Kingdom, according to the company's statement carried by entARABI. The approval expands the firm's local platform for institutional investment clients, the company said. Standard Chartered Capital Saudi Arabia had previously held licensing for additional securities activities, and the new mandate adds investment management and fund operation to its authorized scope. The firm did not disclose a launch date for specific fund products under the new license. The approval brings a further licensed manager into the Saudi asset management space under the CMA's regulatory framework.
Listed companies disclose contracts and project awards
Several Tadawul- and Nomu-listed companies disclosed new project and service agreements during the week. Al Majdiah Residential Co. signed a SAR 211.6 million Riyadh development agreement, per a Tadawul disclosure on June 10. Lana, listed on Nomu, secured a SAR 40.9 million project with the Ministry of Health, according to a Tadawul disclosure on June 10. National Company for Learning and Education (NCLE) approved a SAR 41 million educational complex project, per a Tadawul disclosure dated June 10. SAL Saudi Logistics Services signed a ground services agreement with Fly Khiva on June 10. flynas launched its sixth operational hub in Al-Qassim on June 9, with scheduled flights to five destinations, the carrier said.
Dividends and buybacks: SAIB, SPIMACO, Alinma Bank
The Saudi Investment Bank (SAIB) shareholders approved on June 4 the board's recommendation to distribute interim cash dividends of SAR 0.3 a share, equivalent to 3% of capital, for the second half of 2025, according to Argaam. The shareholders also authorized the board to distribute interim dividends on a semi-annual or quarterly basis for 2026. SPIMACO's extraordinary general meeting approved a 3.5% cash dividend for fiscal year 2025, per a Tadawul disclosure on June 10. Alinma Bank 1150 disclosed on June 11 the completion of purchases of a number of its own shares under its buyback program, according to the Saudi Exchange; the stock rose 0.65% on the day.
Large caps lead Tadawul component-index performance
Tadawul data showed large-cap stocks outperforming smaller peers since the launch of the market-component indices in September 2023, according to Al-Eqtisadiah's financial analysis unit cited by Arab News on June 8. The large-cap companies index rose 4% and the MSCI Tadawul 30 index gained about 3.6% over that period. Al Rajhi Bank, Maaden, Saudi National Bank (SNB) and stc were cited as key contributors to large-cap gains, according to the same data. The component-index framework, introduced by the Saudi Exchange in 2023, segments the market by capitalization to provide differentiated performance benchmarks for issuers and asset managers.
IPO and disclosure updates
Issuer-level filings during the week included an IPO cancellation and a delayed earnings filing. MGC announced on June 9 the cancellation of its planned initial public offering, per disclosure to the Saudi Exchange. Nama Chemicals Co. disclosed on June 9 that it is unable to publish its Q1 2026 financial results within the regulatory deadline, according to a Tadawul filing. SISCO Holding 2190 announced on June 11 the results of its Ordinary General Assembly Meeting (First Meeting), per the Saudi Exchange. Pan Gulf Marketing Co. 9593 opened the nomination period for board of directors membership on June 11, according to a Tadawul disclosure. Anmat Technology Trading Co. 9639 announced on June 11 the passing of Audit Committee Chairman Omar Al-Bardweel.
Outlook
The calendar for the coming week includes follow-through on Alinma Bank's 1150 buyback program disclosures, the SISCO Holding 2190 post-OGM corporate actions, and the nomination window at Pan Gulf Marketing Co. 9593. Market participants will track any updated guidance from Nama Chemicals on the timing of its Q1 2026 results filing, following the June 9 disclosure of a regulatory deadline miss. Additional Tadawul filings on dividend distribution mechanics from SPIMACO and SAIB are expected to set ex-dividend dates over the period.