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Tadawul Shares Soar on Sunday Amid Corporate Earnings Bonanza, US-Iran Deal Optimism

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Saudi equities closed Sunday higher as a busy corporate earnings day, and the optimism regarding a potential return of peace talks between the US and Iran pushed the Tadawul All Share Index 1.10% in the green.

Markets cheered as US President Donald Trump agreed to hold off its strikes against Iran to help complete a "rapid" deal to reopen the Strait of Hormuz and end the Middle Eastern nation's nuclear program.

Back at home, corporate earnings season is in full swing as Saudi Aramco Base Oil Co. (SASE:2223), d/b/a Luberef, Sumou Real Estate (SASE:4323), and Al-Razi Medical (SASE:9572) reported higher net profit and revenue for the first half of 2026.

"Over the past five decades, Luberef has built a strong track record of operational reliability, sustained profitability and resilience. This solid foundation has enabled the Company to achieve a historic milestone in the first half of 2026, delivering the highest interim net income of 992 million [Saudi riyals], supported by a record base oil crack margin of 2,732 [riyals] per metric ton," Luberef's Chief Executive Officer Samer Abdulaziz Al-Hokail said in a statement.

Meanwhile, Jabal Omar Development (SASE:4250) logged a 69.562% decline in attributable profit in the six months ended June 30. Revenue, on the other hand, rose 16.397%.

Luberef and Al-Razi Medical closed 1.34% and 0.50% lower, while Jabal Omar Development and Sumou Real Estate were 2.50% and 3.54% higher at closing, respectively.

In other news, SAL Saudi Logistics Services Co. (SASE:4263) shares closed flat as it finalized its purchase of Aviapartner Liège. The acquisition is set to boost the logistics company's European footprint.

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