The Tadawul All Share Index (TASI) ended the final session of the digest week on Thursday, 2026-10-15, at 10,106.54, down 32.29 points or 0.32% from the previous close of 10,138.83, according to Yahoo Finance chart data for ^TASI.SR. The session traded in a range of 10,034.79 to 10,133.99. On 2026-10-14, Argaam reported the index closed down 1.74% at 10,138.83 with turnover near SAR 3.9 billion, while the Nomu Parallel Market Capped Index fell 0.90% to 21,832.37 and the MT30 declined 1.57% to 1,366.40. Corporate disclosures dominated the tape through the week. Jarir Marketing Co. 4190 posted a 15% increase in Q3 net profit. The Royal Commission for Riyadh City (RCRC) signed about SAR 5.5 billion in train-procurement contracts with Siemens and Alstom. Saudi Real Estate Refinance Co. (SRC), a Public Investment Fund (PIF) subsidiary, launched the Kingdom's second residential mortgage-backed securities (RMBS) issuance. Saudi Steel Pipe Co. 1320 and Al-Moammar Information Systems Co. (MIS, 7200) disclosed fresh contract awards, and Advanced Petrochemical Co. 2330 guided to stable Q4 margins.
Jarir Q3 2026 net profit rises 15% to SAR 374M
Jarir Marketing Co. 4190 reported Q3 2026 net profit of SAR 374 million, up 15.1% from SAR 324.91 million a year earlier, according to its Tadawul filing. Q3 revenue rose 7.8% to SAR 3.15 billion. For the nine months to 30 September 2026, revenue climbed 9.7% to SAR 8.97 billion and net profit rose 16.7% to SAR 863 million.
Chairman Muhammad Alagil told Argaam that the average basket value rose 6% in Q3, while the conversion rate eased to 27% from 29%. Installment sales accounted for 41% of total sales during the quarter. Physical showrooms contributed 62% of sales and digital channels 38%, per the Chairman.
RCRC awards SAR 5.5B contracts to Siemens, Alstom for 94 metro trains
The Royal Commission for Riyadh City signed contracts worth about SAR 5.5 billion ($1.47 billion) with Siemens and Alstom to procure 94 new trains for the Riyadh Metro, according to the disclosure reported by Argaam. The order expands the operating fleet from 183 to 277 trains.
RCRC said the expansion is expected to raise network capacity by about 60%. Deliveries are set to begin in 2028. The award is one of the largest rolling-stock orders in the Kingdom's urban-transit program.
SRC launches second residential mortgage-backed securities issuance
Saudi Real Estate Refinance Co., a PIF-owned subsidiary, launched the Kingdom's second RMBS issuance, backed by an SAR 420 million ($112 million) mortgage portfolio, SRC said in a statement reported by Argaam and Reuters. The portfolio was originated by six financing entities.
The issuance is the first domestic RMBS to carry publicly disclosed ratings, with Moody's assigning Aaa.sa(sf) and Fitch assigning AAAsf(sau). SRC said the transaction is part of its program to deepen the secondary mortgage market and broaden funding sources for home financing in the Kingdom.
MIS, Saudi Steel Pipe secure new contracts
Saudi Steel Pipe Co. 1320 was awarded a purchase order from Saudi Aramco 2222 to supply oil and gas steel pipes at an estimated value of SAR 177 million, the company said in a Tadawul filing. The order carries a term of up to 12 months, with financial impact expected in H2 2027.
Al-Moammar Information Systems Co. (MIS, 7200) signed a SAR 179.8 million contract (VAT inclusive) with King Saud Medical City for maintenance and repair of medical devices and related IT services, according to its Tadawul disclosure. MIS also disclosed it won an EXPRO framework agreement for the supply of software licenses. Separately, Nomu-listed Equipment House disclosed a medical equipment maintenance contract worth about SAR 50 million.
Advanced Petrochemical guides Q4 margins stable; capital and credit actions disclosed
Advanced Petrochemical Co. 2330 CEO Mamdouh AlAmri said Q3 2026 sales volumes fell 20% on logistics disruptions despite a 12% rise in production, with selling prices down 16% quarter-on-quarter while margins held as propane costs fell 31%, per comments to Argaam. He said he expects Q4 margins close to Q2 and Q3 levels, with net selling prices up about $100 per ton in October.
Nomu-listed Axelerated Solutions for Information and Communication Technology Co. 9637 held an EGM that approved a 100% capital increase via bonus shares. Alandalus Property Co. 4321 secured a one-year Shariah-compliant Tawarruq facility worth SAR 71.3 million from Saudi Awwal Bank (SAB, 1060) to fund a land acquisition. Nomu-listed Keir renewed SAR 125.9 million in credit facilities with Banque Saudi Fransi (BSF, 1050), per its Tadawul filing.
Outlook
Listed companies continue to file Q3 2026 earnings over the coming week, with retail, petrochemicals and banking disclosures scheduled on Tadawul. Makkah Construction and Development Co. 4100 shareholder-approved related-party contracts take effect through 2026. Investors will also monitor progress on SRC's second RMBS placement and any further contract disclosures tied to Riyadh Metro suppliers.
