The Public Investment Fund Board, chaired by Crown Prince Mohammed bin Salman, approved the fund's 2026-2030 strategy on April 15, according to a PIF press release issued the same day. The strategy structures PIF investments into three portfolios, Vision, Strategic, and Financial, and targets six domestic ecosystems. PIF said assets under management grew from $150 billion in 2015 to more than $900 billion, with over $199 billion invested in new Saudi projects from 2021 to 2025. The Saudi Exchange's benchmark index closed the same session at a five-month high. TASI rose 0.9%, or 103 points, to 11,589 points on April 15, the highest close since October 2025, per Argaam. Value traded on the session reached approximately SAR 4.63 billion. The index had closed the prior session at 11,486 points on April 14, up 0.5%. Corporate disclosures through the week included an NDMC sukuk closing at SAR 16.95 billion, a SAR 6.9 billion dividend approval at Saudi National Bank, CMA clearance for a 92% bonus-share issue at Taiba Investments, and contract awards at Al Yamamah Steel, Almarai, and Cherry Trading.
NDMC closes April sukuk issuance at SAR 16.95B
The National Debt Management Center closed the April 2026 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program at SAR 16.946 billion ($4.52 billion), according to Economy Middle East citing NDMC. The issuance was allocated across five tranches, with maturities in 2031, 2033, 2036, and 2039. NDMC said it received SAR 16.95 billion in total bids. The closing figure matches the allocated amount across the tranches. The program continues to serve as the primary channel for sovereign riyal-denominated issuance on the Saudi debt capital market.
SNB shareholders approve SAR 6.9B H2 2025 dividend
Saudi National Bank (SNB, 1180) shareholders approved a cash dividend of SAR 1.15 per share for H2 2025, equivalent to 11.5% of par, per Argaam. The distribution totals SAR 6.9 billion on the bank's SAR 60 billion capital. SNB reported FY2025 net profit of SAR 25.01 billion, up 18% year on year. Arabian Cement Company shareholders approved a 10% cash dividend for H2 2025 at its general assembly on April 16. Kingdom Holding Company 4280 set its OGM for May 11 to vote on a 2.8% cash dividend. The board of Burgerizzr recommended a cash dividend of SAR 0.10 per share for FY2025, subject to shareholder approval. The board of CHUBB Arabia Cooperative Insurance Co. recommended no cash dividend for FY2025. United Carton Industries Co. (UCIC, 1323) announced a Q4 2025 cash distribution, according to a Tadawul filing dated April 14.
CMA approves Taiba 92% capital hike, licenses Sadin Investments
The Capital Market Authority approved Taiba Investments Co. 4090 request to increase capital by 92% via a 1-for-1.09 bonus share issue, per Argaam. Tadawul noted CMA approval for a capital increase at Purity for Information Technology Company through bonus shares in the same week. The CMA licensed Sadin Investments Company to conduct Managing Investments activity in the securities business, following completion of commencement-of-business requirements, per Saudi Exchange. The CMA also opened a public consultation on regulatory enhancements aimed at improving audit quality for entities under its supervision.
Al Yamamah Steel, Almarai, Cherry sign new contracts
Al Yamamah Steel Industries Co. 1304 signed a SAR 126 million nine-month contract with SEPCO III Electric Power Construction to supply steel wind towers for the 700 MW Yanbu Wind IPP project, with financial impact beginning in Q2 2026, according to a Tadawul filing. Almarai Co. 2280 signed two strategic agreements with the Ministry of Investment and the Shareek program to support localization of the fish and seafood processing sector, with eligibility extending to December 31, 2030. The company said there is no material financial impact on current operations at this stage. Cherry Trading Co. signed a SAR 30.2 million vehicle leasing contract with the Saudi Food and Drug Authority, per a Tadawul filing. NOMU-listed Rawasi Albina Investment Co. signed a framework agreement for a fiber optic network project, and NOMU-listed Horizon Food Co. signed a supply agreement with Al-Imdad Al-Jadeed to deliver products into Makkah. Equipment House announced the renewal of SAR 111.2 million in credit facilities with SNB, while NOMU-listed AOL secured SAR 113.75 million in Shariah-compliant credit facilities from Riyad Bank 1010.
Kingdom Holding acquires BEV stake for SAR 255M
Kingdom Holding Company 4280 disclosed the acquisition of a stake in US-based Breakthrough Energy Ventures from Chairman Prince Alwaleed bin Talal for SAR 255 million ($68 million), per a Tadawul filing. The purchase price represents a 30% discount to the estimated $98 million valuation based on BEV's latest audited financials. The company classified the self-funded transaction as a related-party deal.
Outlook
Kingdom Holding Company 4280 will hold its Ordinary General Meeting on May 11 to vote on a 2.8% cash dividend. Burgerizzr's proposed SAR 0.10 per share FY2025 dividend awaits shareholder approval at its upcoming general assembly. Al Yamamah Steel 1304 is expected to begin reflecting the SAR 126 million Yanbu Wind IPP contract in Q2 2026 results. The CMA's public consultation on audit quality enhancements remains open for market feedback. Listed issuers continue to file Q1 2026 earnings disclosures through the Tadawul platform.