SASE:2222

126 stories mentioning SASE:2222Updated 4d ago

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Saudi Exchange Clears SNB Capital as Market Maker for Five Companies

The Saudi Exchange cleared SNB Capital to perform market-making activities in MT30 Index Futures and Single Stock Futures on five companies, effective Aug. 19.The companies include Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, Saudi Telecom (SASE:7010), d/b/a stc, Saudi Arabian Mining (SASE:1211), d/b/a Ma'aden, Saudi National Bank (SASE:1180), and Al Rajhi Bank (SASE:1120), according to a Wednesday release.The approval forms part of broader measures by the Saudi Securities Clearing Centre, or Muqassa, to strengthen the country's derivatives market. The measures include lower trading, clearing and regulatory fees, and a one-year waiver on futures transaction and final settlement fees, alongside additional fee waivers.Saudi Exchange also signed agreements with SNB Capital for several market makers, including Corvus, Binevenagh, BLS Futures, Eighteen Eight Solutions and MET Traders, which began providing liquidity in August.

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Asia Markets20d ago

Tadawul Shares Close Tuesday Higher; Saudi Arabia's Exports, Imports Decline in June

The Tadawul All Share Index ended the Tuesday session 0.51% in the green as market watchers assessed Saudi Arabia's latest trade data.According to the General Authority for Statistics, Saudi Arabia's merchandise exports for the second quarter rose 4.1% year over year. Imports, meanwhile, decreased 5.2% year over year.For June, the kingdom's merchandise exports were down 4.5% annually, while imports fell 3% year over year. The June report confirmed that China was the country's main merchandise source during the period."'Plastic, rubber, and their articles' were among the most important nonoil export goods, accounting for 20.7% of the total non-oil exports and decreasing by 12.8% compared to June 2025," the report said. "On the import side, the most important, imported goods were 'machinery, electrical equipment and parts,' which accounted for 25.7% of total imports and decreased by 20.4% compared to June 2025, followed by 'chemical products and allied industries,' which accounted for 11.2% of total imports and increased by 30.5% compared to the same period of the previous year."Also making headlines during the session is Iran's warning regarding countering the sanctions the US placed on the Middle Eastern country. Iranian Economy Minister Ali Madanizadeh noted that the country was "fully prepared" with a two-year plan for the situation.Back at home and on the corporate front, National Agricultural Development Co. (SASE:6010), d/b/a Nadec, shares closed 2.39% in the green as it agreed to buy a high-tech greenhouse facility from Pure Harvest Smart Agricultural Farms SP.Meanwhile, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, entered into multiple deals with French companies. The agreements include drilling equipment procurement, technology partnerships, oil country tubular goods purchases, among others. Shares of the oil giant ticked down 0.98% at closing.

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US Markets20d ago

Aramco Seals $3.7 Billion Deals with French Companies for Drilling Equipment, Industrial AI

Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, on Tuesday announced deals worth more than $3.7 billion signed with French companies during the French-Saudi Investment Roundtable Meeting in Paris.As part of the deals with the unnamed French companies, the Saudi state-backed oil giant signed a corporate procurement agreement for drilling equipment and a purchase agreement for oil country tubular goods.On the technology front, Aramco Digital signed a memorandum of understanding to establish a framework for potential collaboration in industrial artificial intelligence, virtual twin and digital twin technologies, as well as their potential applications in the oil and gas sectors.Aramco expects the agreements to bolster its supply-chain ecosystem, improve operational continuity and advance the use of industrial AI and digital technologies.The deals are expected to benefit Aramco while generating economic value for both Saudi Arabia and France, the company said.Aramco shares were marginally lower during morning trading in Riyadh.

SASE:2222

Equities20d ago

Saudi Aramco, French Companies Sign Deals Worth Over $3.7 Billion

Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, said Tuesday it will collaborate with unnamed French companies on deals with a potential total value of more than $3.7 billion.The Saudi integrated energy and chemical group agreed to a corporate procurement of drilling equipment, the purchase of oil country tubular goods, and a memorandum of understanding through Aramco Digital for potential partnerships on industrial artificial intelligence, virtual twin/digital twin technologies, and related technologies that may be applied in the energy sector.The group added that the agreements are expected to bolster its supply chain, improve its operations, and generate economic value for both Saudi Arabia and France.

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Equities24d ago

Update: Market Chatter: Saudi Aramco Reportedly Books Crude Orders from Two Chinese Buyers

(Updates to add Saudi Aramco's statement)Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, received orders for a total of 4 million barrels of crude for loading outside the Strait of Hormuz from two Chinese buyers, Reuters wrote Thursday, citing unnamed trade sources.PetroChina and Sinochem reportedly each purchased 2 million barrels of Arab Medium and Arab Heavy crude cargoes, which the Saudi Arabian oil giant offered on Monday for delivery via ship-to-ship transfers off Fujairah in the United Arab Emirates.Saudi Aramco declined to comment when reached by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Equities24d ago

Market Chatter: Saudi Aramco Reportedly Books Crude Orders from Two Chinese Buyers

Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, received orders for a total of 4 million barrels of crude for loading outside the Strait of Hormuz from two Chinese buyers, Reuters wrote Thursday, citing unnamed trade sources.PetroChina and Sinochem reportedly each purchased 2 million barrels of Arab Medium and Arab Heavy crude cargoes, which the Saudi Arabian oil giant offered on Monday for delivery via ship-to-ship transfers off Fujairah in the United Arab Emirates.Saudi Aramco did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Equities25d ago

Yemen's Houthis Claim Drone Strike on Saudi Aramco Facility

Yemen's Houthis said they conducted two drone strikes targeting Saudi Arabian Oil Co's (SASE:2222), d/b/a Saudi Aramco's, facility in Najran and the Najran airport.The Iran-aligned group's military ⁠spokesperson Yahya Saree said in a Telegram post on Thursday that the attacks were in retaliation for Saudi Arabia's alleged violation of Saada's airspace with its drones.Aramco did not immediately respond to a request for comment from.

SASE:2222

Equities25d ago

Update: Market Chatter: Saudi Aramco Assures European Buyers of Full September Oil Allocations

(Updates to add Saudi Aramco statement)Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, reportedly informed at least three crude buyers from Europe that they will receive their full contractual allocations for September, Bloomberg News reported Wednesday, citing people with knowledge of the matter.Two oil refiners will receive their shipments from Egypt's Sidi Kerir port, and the third buyer was given the option to take delivery from Sidi Kerir, Saudi Arabia's Yanbu port, or a ship-to-ship transfer from Malta.Aramco declined to comment when reached by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SASE:2222

Equities26d ago

Market Chatter: Saudi Aramco Assures European Buyers of Full September Oil Allocations

Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, reportedly informed at least three crude buyers from Europe that they will receive their full contractual allocations for September, Bloomberg News reported Wednesday, citing people with knowledge of the matter.Two oil refiners will receive their shipments from Egypt's Sidi Kerir port, and the third buyer was given the option to take delivery from Sidi Kerir, Saudi Arabia's Yanbu port, or a ship-to-ship transfer from Malta.Aramco did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia Markets27d ago

Tadawul Equities Close Tuesday Muted; Aramco, Ma'aden to Form Mining JV

The Tadawul All Share Index closed subdued on Tuesday at 0.03% in the green as market watchers keep watch on the US-Iran developments in their peace deal.US President Donald Trump expressed no interest in renewing the 60-day memorandum of understanding signed with Iran in June and also threatened military action against Oman if it intervenes in its efforts to reopen the Strait of Hormuz.Reuters reported Monday, citing a senior Iranian official, that Iran will shift to a "fully offensive" military stance as diplomatic efforts to finalize a deal with the US stalled. The media outlet also cited Iranian negotiator Mohammad Baqer Qalibaf on Tuesday, saying that Iran will keep the Strait of Hormuz closed until the US fulfills its conditions, including removal of naval blockade and sanctions, release of frozen assets, and an end to military action on all fronts."Trump said there was a back channel with officials from Iran's Revolutionary Guard, but that he was in 'no hurry'. Meanwhile, Iran denied Trump's assertions of a back channel, saying 'There are no talks taking place between IRGC officials and the Americans'. US Energy Secretary Chris Wright also didn't sound in any rush either for a deal, saying that the US is playing the long game with Iran," Deutsche Bank Research said in a note.In other news, market watchers will also look out for the US Federal Reserve's latest meeting minutes on Wednesday. The minutes are slated to give insights into the group's next rate moves.Back at home and on the corporate front, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, and Saudi Arabian Mining Co. (SASE:1211), d/b/a Ma'aden, will form a joint venture that will focus on mineral exploration and hard-rock mining in the kingdom.Aramco and Ma'aden closed 0.23% and 1.85% in the green, respectively.Meanwhile, Retal Urban Development (SASE:4322) shares closed 0.11% higher as its Building and Construction Co. unit entered into a 12-month deal to design and deliver building services for the Remal Business Court project in Al Khobar.

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Equities27d ago

Saudi Aramco, Ma'aden to Form Mineral Exploration JV in Saudi Arabia

Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, and Saudi Arabian Mining Co (SASE:1211), d/b/a Ma'aden, agreed to establish a joint venture for mineral exploration and hard-rock mining in Saudi Arabia.The joint venture will target exploration across the 182,000-square-kilometer Zone-4 area, also known as the Transition Zone, within the Arabian Platform, targeting areas most likely to hold copper and valuable minerals, according to a Tuesday release.Under the shareholders' agreement, state-run oil giant Aramco will own 49% of the joint venture, with the remaining 51% to be held by commodity mining and metals company Ma'aden.

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Equities28d ago

Market Chatter: Asian Refiners Request Saudi Crude Pickups at Egyptian Port

Some Asian refiners have reportedly asked Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, whether they could take delivery of their oil shipments at Egypt's Sidi Kerir port instead of the Saudi Yanbu port after recent attacks on tankers and energy infrastructure in the Red Sea.Bloomberg News reported Monday, citing unnamed traders, that at least two Asian refiners have made the request for their September cargoes.Aramco has asked Japanese and South Korean refiners to use the Sidi Kerir port to collect their September shipments. However, most of the processors from China, Taiwan, and India were asked to pick up cargoes from the Yanbu port.Aramco did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Equities32d ago

Market Chatter: Aramco Reportedly Adopts Ad Hoc Approach for September Asia Crude Allocations Amid Disruptions

Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, is adopting an ad hoc approach for September crude allocations to certain Asian term customers amid regional conflict, Reuters reported Thursday, citing three sources.Customers are uncertain whether they will be able to lift their contractual volumes due to export disruptions in the Strait of Hormuz and the Red Sea, the report said.Aramco did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Equities34d ago

Luberef Extends Jeddah Facility Land Lease with Saudi Aramco

Saudi Aramco Base Oil Co. (SASE:2223), d/b/a Luberef, extended its land lease for the facility in Jeddah, Saudi Arabia, to Dec. 31, 2030.The lease renewal was part of the extended utilities sales agreement with Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, according to a Tuesday release.

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Equities36d ago

Saudi Aramco Settles Fire at Jazan Oil Refinery in Saudi Arabia

Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, put out a fire at its Jazan oil refinery in Saudi Arabia, the Saudi Energy Ministry said Sunday on X.The ministry did not mention the cause of the fire, which broke early morning on the same day.No injuries were reported at the Saudi state-owned oil giant's facility, where relevant authorities are implementing the necessary steps to manage the incident.

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Asia Markets39d ago

Tadawul Shares End Week Lower; Saudi Arabia's July Construction Activity Ticks Down

Saudi equities closed the first trading week of August lower as investors tuned into the latest updates on the US-Iran conflict, as well as Saudi's latest economic release.At the close of Thursday trading, the Tadawul All Share Index closed 0.70% in the red. Out of the listed stocks, 63 closed higher, while 196 closed lower.In international news, Iran reportedly sent out warnings to Gulf region states regarding potential attacks if the US launched new attacks on the country, Reuters reported, citing sources.Further to this, Iran said that its proposed agreement with Oman regarding the operations of the Strait of Hormuz was progressing. Sources said that the agreement will reportedly give Iran control over ships that enter the Strait of Hormuz.Back at home, the seasonally adjusted alrajhi capital Saudi Construction Index declined to 55.2 in July from 56.3 in the prior month. The report from Alrajhi Capital and S&P Global showed that the month logged the country's fastest new order growth since February."The alrajhi capital Saudi Construction Index signalled another strong month for the Saudi construction sector in July, with business activity expanding for a third consecutive month. The improvement was supported by stronger new order growth, reflecting continued demand across the sector and the reactivation of previously delayed projects. While input costs continued to rise, cost pressures eased during the month," Alrajhi Capital Research Head Sultan Altowaim commented.On the corporate front, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco's, shares ticked down 0.90% as it lowered certain main crude oil prices for North American, North West European, and Mediterranean buyers in September.Meanwhile, Saudi Steel Pipe Co. (SASE:1320) and Riyadh Cement Co. (SASE:3092) reported lower net profit and revenue in the first half of 2026. Saudi Steel closed 2.86% lower, while Riyadh Cement shares were 1.72% higher.

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Equities39d ago

Saudi Aramco Lowers Crude Oil Prices for September

Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, said Thursday it will cut certain crude oil prices in September, compared with August.According to a price list from the Saudi state-owned oil giant, prices for North West Europe and the Mediterranean were reduced by $3 and those for North America by $1.Meanwhile, crude prices for buyers in Asia were lowered by $0.50 for the light, extra light and super light types and increased by $1.25 for medium and heavy types.

SASE:2222

Equities40d ago

HSBC Lowers Saudi Aramco's PT, Affirms Hold Rating

HSBC on Wednesday decreased the price target for Saudi state-owned oil giant Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, to 29 Saudi riyals from 30.80 riyals and kept its rating at hold.

SASE:2222

Equities41d ago

BofA Keeps Saudi Aramco at Buy After Q2 Adjusted Net Income Beat

BofA Global Research maintained its buy rating on Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, after the oil giant's second-quarter adjusted net income topped market forecasts."The net income beat was mainly driven by lower-than-expected taxes / Zakat at US$24.5bn (43% tax rate) vs BofAe: US$28.1bn (49% tax rate) driven by strong gas and downstream performance where tax rate is 20% vs upstream at 50%. Management commentary focused on continued infrastructure readiness to transfer crude to the West Coast of Saudi both to refineries domestically (2mb/d) as well as for exports," analysts wrote in a Tuesday note.Saudi Aramco delivered a 33% year-over-year surge in adjusted net income, including minority interests, to $33.4 billion in the quarter, surpassing BofA's $29.7 billion projection and the consensus net income median of $31.6 billion.The stock's price objective stands at 34 Saudi riyals.

SASE:2222

Asia Markets41d ago

Tadawul Shares Close Higher as Saudi PMI Stays in Expansion Territory in July

The Tadawul All Share Index closed higher on Tuesday at 0.32% in the green as investors assessed the kingdom's latest PMI report.The Riyad Bank Purchasing Managers' Index ticked down to 53.1 in July from 53.3 a month prior. Data showed resilient upturns in output and new orders, as well as an expansion in workforce numbers."Saudi Arabia's non-oil economy continued to demonstrate resilience in July, with the PMI registering 53.1, marking a fourth consecutive month of expansion despite a challenging regional environment. While the headline reading eased marginally from June's 53.3, it remains comfortably above the neutral threshold, highlighting that underlying business conditions continue to improve. The latest survey suggests that domestic demand is gradually strengthening as market conditions normalize following recent regional disruptions, supporting sustained increases in both output and new orders," Riyad Bank Chief Economist Naif Al-Ghaith commented.Back at home, the bourse's biggest company, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, reported a 33.274% increase in net profit and a 12.669% rise in revenue for the first half of 2026. The state-owned oil giant's shares closed 0.81% lower.Other Saudi-listed companies such as Saudi Energy Co. (SASE:5110), and Shatirah House Restaurant Co. (SASE:6016), d/b/a Burgerizzr, also reported higher financial results for the six months ended June 30. Malath Cooperative Insurance (SASE:8020), however, logged declines in attributable profit and insurance revenue.Burgerizzr closed 1.60% in the green, while Malath and Saudi Energy closed 1.95% and 2.60% in the red, respectively.Meanwhile, Arabian Internet and Communications Services Co. (SASE:7202), d/b/a Solutions, shares ticked up 1.28% as it entered into an 18-month contract to construct and prepare data centers in Dammam.

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