The Tadawull All Share Index (TASI) closed the week's final session on Thursday, Oct. 8, 2026 at 10,376.28, down 165.95 points, or 1.57%, from the previous close of 10,542.23, according to Saudi Exchange data. The session traded in a range between a high of 10,545.65 and a low of 10,361.49. Earlier in the week, Arab News reported TASI gained 1.09% on Sunday, Oct. 4 to close at 10,505.84, before slipping 0.25% on Monday, Oct. 5 to 10,479.78. Argaam reported Saudi Exchange's aggregate market capitalization fell SAR 177 billion over the week ending Oct. 2, 2026, with foreign institutions net sellers of SAR 751.6 million of TASI-listed shares. Corporate disclosures during the window were led by nine-month earnings from Almarai, United Electronics (eXtra) and Tasheel Finance, Acwa Power's financial close on the Rabigh 2 IPP expansion, Saudi Exchange's approval of SNB Capital as market maker on three large caps, and the National Debt Management Center's October issuance of the retail Sah savings sukuk at a higher annual return.
Almarai, eXtra, Tasheel report 9M 2026 earnings
Almarai Co. 2280 reported Q3 2026 net profit of SAR 617.8 million, up 1% year-on-year, with revenue rising 11% to SAR 6.19 billion, according to Argaam. For the first nine months of 2026, Almarai's net profit was broadly stable at SAR 1.99 billion while revenue climbed 10% to SAR 18.22 billion, the company said in its Tadawul filing. United Electronics Co. (eXtra, 4003) reported 9M 2026 net profit of SAR 301.9 million, per its Tadawul disclosure. Tasheel Finance Co. 4083 reported 9M 2026 net profit of SAR 127 million, according to its Tadawul filing. Separately, Argaam reported that Riyad Capital published Q3 2026 net profit forecasts for eight TASI-listed companies ahead of the earnings season.
Acwa Power reaches financial close on Rabigh 2 IPP expansion
Acwa Power 2082 disclosed on Oct. 4 that Al Morjan Two Electricity Co. reached financial close for the Rabigh 2 IPP expansion project, according to its Saudi Exchange filing. The company said the financing package totals SAR 9.69 billion over a tenor of roughly 34 years for the 2,313.5 MW combined-cycle gas turbine expansion. Acwa Power holds an effective 40% stake in the project, per the disclosure. The company said financial impact from the expansion is expected from the second quarter of 2029. The announcement did not include details on offtake pricing or construction milestones beyond those disclosed to Tadawul.
Tadawul approves SNB Capital as market maker for three large caps
Saudi Exchange approved SNB Capital's request to conduct market-making on Almarai 2280, Al Rajhi Bank 1120 and SABIC 2010, effective Oct. 5, 2026, according to Argaam. The approved obligations include a minimum 80% order-book presence and a maximum spread of 0.65%, Tadawul said. Minimum order size was set at SAR 75,000 for Almarai and SAR 250,000 for both Al Rajhi Bank and SABIC. Separately, Tadawul updated the free-float shares of all TASI and Nomu-listed issuers effective Oct. 4 as part of its Q3 2026 index maintenance. Chemanol 2001, Armah Sports and Ladun Investment were added to TASI sector indices, while United Cooperative Assurance was excluded from TASI and the Insurance Index.
NDMC opens October Sah sukuk at 5.00% return
The National Debt Management Center (NDMC) opened the October issuance of the retail Sah savings sukuk at a 5.00% annual return, up 20 basis points from September's 4.80%, according to Arab News. The subscription window ran from Oct. 4 at 10:00 AM to Oct. 6 at 3:00 PM, Riyadh time. Minimum subscription was set at SAR 1,000 and the maximum at SAR 200,000 per individual, NDMC said. The Sah product is distributed through approved digital channels of participating financial institutions and is targeted at individual investors.
Tadawul suspends two issuers; Nahdi names new chairman
Saudi Exchange suspended trading in Amwaj International and Rawasi Albina for failing to disclose required financial statements, in line with Tadawul's listing rules, according to Argaam. Nahdi Medical Co. 4164 said in a Tadawul disclosure that it appointed Abdullah Al Nahdi as Chairman of the Board and Yaser Binmahfouz as Vice Chairman for the new board term. Gas Arabian Services Co. (GAS) said it was awarded a contract by Saudi Power Procurement Co. to deliver a sales gas delivery system to the Ghazlan 1 power plant. Saudi Automotive Services Co. (SASCO, 4050) disclosed the sale of a plot of land in Jeddah for SAR 20.3 million. Alwasail Industrial Co. signed a SAR 8.83 million contract linked to the Sports Boulevard project in Riyadh, per a Tadawul statement.
Outlook
Q3 2026 earnings disclosures from TASI-listed issuers are expected to continue through the coming weeks, following initial filings this week from Almarai, eXtra and Tasheel Finance and the Q3 forecasts published by Riyad Capital. Riyadh Development Co. is scheduled to pay its H1 2026 cash dividend of SAR 0.25 per share on Oct. 22, 2026, after shares traded ex-dividend on Oct. 4. Investors will also watch for any further Tadawul listing-compliance actions following the suspensions of Amwaj International and Rawasi Albina.
