Market News
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Joint Release from the Egyptian Exchange (EGX) & Misr for Central Clearing Depository and Registry (MCDR) on the Expanded Meeting of the Two Entities' Boards
Thursday 22/10/202613:49:08 PMRead moreJoint Release from the Egyptian Exchange (EGX) & Misr for Central Clearing Depository and Registry (MCDR) on the Expanded Meeting of the Two Entities' Boards
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Thursday 22/10/202613:45:23 PMRead more
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Release from Pioneers Properties For Urban Development - PRE Group (PRDC.CA) Concerning the Purchase of Treasury Stocks
Thursday 22/10/202613:32:43 PMRead moreRelease from Pioneers Properties For Urban Development - PRE Group (PRDC.CA) Concerning the Purchase of Treasury Stocks
Company: Pioneers Properties For Urban Development - PRE Group (PRDC.CA)
Symbols: EGS21FW1C015
Reuters: PRDC.CA
Content :
Release from the company concerning the purchase of treasury stocks on the 22/10/2026 trading session.
Release from the Company in Arabic & English (338 KB) -
Saudi Stock Market Index Closes Lower at 9,695 Points
Thursday 22/10/202613:29:15 PMRead moreSaudi Stock Market Index Closes Lower at 9,695 Points
The main Saudi stock market index closed today down by 230.76 points, reaching the 9,695.86-point level, with a total trading value of 4.9 billion riyals.
According to the daily economic bulletin on the Saudi stock market issued by the Saudi Press Agency, the volume of shares traded reached 329 million. Shares of 13 companies saw an increase in value, while shares of 255 companies declined.
The shares of Al-Etihad, JAZADCO, Al-Arabia, UCIC, and Al Rajhi REIT were the top gainers, while the shares of Saudi Electrical Industries, Abu Moati, Umm Al-Qura Cement, Saleh Al-Rashid, and Wafrah were the biggest decliners; the rates of increase and decrease reached up to 10.00%. In terms of trading volume, the most active stocks were Al-Kathiri, Americana, National Steel, Kayan Saudi Arabia, and Saudi Electrical Industries. In terms of trading value, the most active stocks were Al Rajhi, AlAhli, Saudi Aramco, Alinma, and Saudi Electrical Industries.
The Saudi Parallel Market index (Nomu) also closed lower today, falling by 168.89 points to reach 21,427.16 points, with a trading value of 32 million riyals and a volume of over 5.6 million shares traded. -
Beltone Securitization 2nd Iss Tranche A Jun 2027 VR (EGBSDSC2ACV) Declares Bond Dividends for Coupon No. (17)
Thursday 22/10/202613:29:14 PMRead moreBeltone Securitization 2nd Iss Tranche A Jun 2027 VR (EGBSDSC2ACV) Declares Bond Dividends for Coupon No. (17)
Issuer Name : Beltone Securitization 2nd Iss Tranche A Jun 2027 VR
ISIN Code : EGB694Z1S060
Reuters Code : EGBSDSC2ACV
Interest Type : Floating
Coupon Interest : 20.5%
Coupon Amount : EGP 0.514055777
Coupon Number : 17
Coupon Date : 05/11/2026
Coupon Payment Date : 08/11/2026
Notes :
Bond Redemption: EGP 6.1559507524 -
Beltone Securitization 2nd Iss Tranche B Jun 2028 VR (EGBSDSC2BCV) Declares Bond Dividends for Coupon No. (17)
Thursday 22/10/202613:27:23 PMRead moreBeltone Securitization 2nd Iss Tranche B Jun 2028 VR (EGBSDSC2BCV) Declares Bond Dividends for Coupon No. (17)
Issuer Name : Beltone Securitization 2nd Iss Tranche B Jun 2028 VR
ISIN Code : EGB694Z1S078
Reuters Code : EGBSDSC2BCV
Interest Type : Floating
Coupon Interest : 20.6%
Coupon Amount : EGP 1.2766336762
Coupon Number : 17
Coupon Date : 05/11/2026
Coupon Payment Date : 08/11/2026 -
CBB Ijara Murabaha Sukuk fully subscribed
Thursday 22/10/202613:26:28 PMRead moreCBB Ijara Murabaha Sukuk fully subscribed
(BNA)-
The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic Ijara Murabaha Sukuk, has been fully subscribed by 100%.
Subscriptions worth BD 30 million were received for the BD 30 million issue, which carries a maturity of 364 days.
The expected return on the issue, which begins on 26th October 2026 and matures on 25th October 2027, is 6.11% compared to 5.69% of the previous issue on 28th September 2026.
The Ijara Murabaha Sukuk are issued by the CBB on behalf of the Government of the Kingdom of Bahrain.
This is issue 12IM/11 (BH0004377238) of the short-term Ijara Murabaha Sukuk series. -
Beltone Securitization 2nd Iss Tranche C Nov 2029 VR (EGBSDSC2CCV) Declares Bond Dividends for Coupon No. (17)
Thursday 22/10/202613:25:57 PMRead moreBeltone Securitization 2nd Iss Tranche C Nov 2029 VR (EGBSDSC2CCV) Declares Bond Dividends for Coupon No. (17)
Issuer Name : Beltone Securitization 2nd Iss Tranche C Nov 2029 VR
ISIN Code : EGB694Z1S086
Reuters Code : EGBSDSC2CCV
Interest Type : Floating
Coupon Interest : 20.9%
Coupon Amount : EGP 1.0665730293
Coupon Number : 17
Coupon Date : 05/11/2026
Coupon Payment Date : 08/11/2026 -
Global Corp Securitization Fourth issue First program Tranche C Nov 2027 (EGGLOB4P1C=CA) Declares Bond Dividends for Coupon No. (37)
Thursday 22/10/202613:24:25 PMRead moreGlobal Corp Securitization Fourth issue First program Tranche C Nov 2027 (EGGLOB4P1C=CA) Declares Bond Dividends for Coupon No. (37)
Issuer Name : Global Corp Securitization Fourth issue First program Tranche C Nov 2027
ISIN Code : EGB69761S132
Reuters Code : EGGLOB4P1C=CA
Interest Type : Floating
Coupon Interest : 20.6%
Coupon Amount : EGP 1.6767850074
Coupon Number : 37
Coupon Date : 05/11/2026
Coupon Payment Date : 08/11/2026
Notes :
Bond Redemption: EGP 11.0904958549 -
Global Corp Securitization 2nd Issue 1st Pro Tranche D Aug 2028 (EGGLOB2P1D=CA) Declares Bond Dividends for Coupon No. (48)
Thursday 22/10/202613:22:06 PMRead moreGlobal Corp Securitization 2nd Issue 1st Pro Tranche D Aug 2028 (EGGLOB2P1D=CA) Declares Bond Dividends for Coupon No. (48)
Issuer Name : Global Corp Securitization 2nd Issue 1st Pro Tranche D Aug 2028
ISIN Code : EGB69761S074
Reuters Code : EGGLOB2P1D=CA
Interest Type : Floating
Coupon Interest : 20.5%
Coupon Amount : EGP 1.5875977919
Coupon Number : 48
Coupon Date : 05/11/2026
Coupon Payment Date : 08/11/2026 -
Global Corp Securitization 2nd Issue 1st Pro Tranche C Oct 2027 (EGGLOB2P1C=CA) Declares Bond Dividends for Coupon No. (48)
Thursday 22/10/202613:20:17 PMRead moreGlobal Corp Securitization 2nd Issue 1st Pro Tranche C Oct 2027 (EGGLOB2P1C=CA) Declares Bond Dividends for Coupon No. (48)
Issuer Name : Global Corp Securitization 2nd Issue 1st Pro Tranche C Oct 2027
ISIN Code : EGB69761S066
Reuters Code : EGGLOB2P1C=CA
Interest Type : Floating
Coupon Interest : 20.45%
Coupon Amount : EGP 0.4917217646
Coupon Number : 48
Coupon Date : 05/11/2026
Coupon Payment Date : 08/11/2026
Notes :
Bond Redemption: EGP 5.8731051653 -
MEFIC REIT Fund announces an Addendum Announcement regarding the Occurrence of a Specific Event for MEFIC REIT Fund.
Thursday 22/10/202613:19:34 PMRead moreMEFIC REIT Fund announces an Addendum Announcement regarding the Occurrence of a Specific Event for MEFIC REIT Fund.
Tadawul-
Element List Explanation
Introduction Further to the announcement by Middle East Financial Investment Company (“MEFIC Capital”), in its capacity as the fund manager of MEFIC REIT Fund (the “Fund”), published on 02/04/1448H, corresponding to 13/09/2026G, regarding an update on the Makkah property, the amendment of the sale and purchase agreements, and the approval of the Fund’s Board of Directors to increase the Fund’s total asset value.
Date of the Previous Announcement 2026-09-13 Corresponding to 1448-04-02
Hyperlink to the Previous Announcement Click Here
Change Details MEFIC Capital, in its capacity as the Fund Manager, would like to announce the following to the unitholders:
1. Jeddah Property: With reference to the real estate asset sale and purchase agreement relating to the property located in the city of Jeddah, signed on 24/09/1447H, corresponding to 13/03/2026G (the “Jeddah Agreement”), the parties to the Jeddah Agreement have agreed to amend certain of its provisions under an amendment agreement to the sale and purchase agreement signed on 10/05/1448H, corresponding to 21/10/2026G (the “Jeddah Property Amendment Agreement”). Under the Jeddah Property Amendment Agreement, the parties agreed to the following
Amending the Final Date (as defined in the Jeddah Agreement) to be 20/06/1448H, corresponding to 30/11/2026G, or any other date agreed upon by the parties in writing.
2. Makkah Property: With reference to the land sale and purchase agreement relating to the property located in the city of Makkah, signed on 24/09/1447H, corresponding to 13/03/2026G (the “Makkah Agreement”), the parties to the Makkah Agreement have agreed to amend certain of its provisions under an amendment agreement to the sale and purchase agreement signed on 10/05/1448H, corresponding to 21/10/2026G (the “Makkah Property Amendment Agreement”). Under the Makkah Property Amendment Agreement, the parties agreed to the following:
Amending the Final Date (as defined in the Makkah Agreement) to be 20/06/1448H, corresponding to 30/11/2026G, or any other date agreed upon by the parties in writing.
3. Jazan Property: With reference to the memorandum of understanding relating to the study of the possibility of acquiring the usufruct right of a property located in the city of Jazan, which expires on 22/10/2026G, the Fund Manager would like to inform the unitholders that the parties have agreed not to renew the memorandum of understanding, due to the fact that no agreement has been reached between the parties.
The Impact Caused by the Change MEFIC Capital expects that, upon completion of the transaction and the increase in the Fund’s total asset value, there will be a positive impact on the Fund.
Additional Information MEFIC Capital will announce any subsequent developments in due course, noting that the increase in the Fund’s total asset value is subject to the approvals of the Capital Market Authority, the Saudi Exchange (Tadawul), and the Fund’s unitholders.
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Bena Steel Industries Company Announces the Appointment of the Chairman and Vice Chairman of the Board of Directors and the Board Secretary, the Formation of the Board Committees, and the Appointment of the Company’s Representatives with the Capital Market Authority and the Saudi Exchange (Tadawul)
Thursday 22/10/202613:19:18 PMRead moreBena Steel Industries Company Announces the Appointment of the Chairman and Vice Chairman of the Board of Directors and the Board Secretary, the Formation of the Board Committees, and the Appointment of the Company’s Representatives with the Capital Market Authority and the Saudi Exchange (Tadawul)
Tadawul-
Element List Explanation
Announcement Detail Reference is made to the announcement of Bena Steel Industries Company on the Saudi Exchange (Tadawul) website regarding the results of the Ordinary General Assembly Meeting (First Meeting) held on Monday, 08/05/1448H corresponding to 19/10/2026G, which included the election of the members of the Board of Directors for the new term commencing on 22/10/2026G for a period of four Gregorian years and ending on 21/10/2030G.
The Company is pleased to announce that the Board of Directors, at its meeting held on 22/10/2026G, passed resolutions to appoint the Chairman, the Vice Chairman and the Secretary of the Board, to form the Board committees, and to appoint the Company’s representatives before the Capital Market Authority and the Saudi Exchange (Tadawul), as follows:
First: Approval of the appointment of Mr. Khalid Mohammad Saad AlBawardi (Non-Executive Director) as Chairman of the Board of Directors.
Second: Approval of the appointment of Mr. Sami AbdulRahman AlBawardi (Non-Executive Director) as Vice Chairman of the Board of Directors.
Third: Approval of the appointment of Mr. Ibrahim Saad AlAbdullatif as Secretary of the Board of Directors.
Fourth: Approval of the formation of the Audit Committee, the details of which will be disclosed later in a separate announcement in compliance with the regulations and policies issued by the Capital Market Authority.
Fifth: Approval of the formation of the Remuneration and Nomination Committee and the appointment of its Chairman, as follows:
1) Mr. Sami AbdulRahman AlBawardi – Committee Chairman
2) Mr. Saeed Ali AlQahtani – Committee Member (Non-Board Member)
3) Mr. Ibrahim Saad AlAbdullatif – Committee Member (Non-Board Member)
Sixth: Approval of the appointment of the Company’s representatives before the Capital Market Authority and the Saudi Exchange (Tadawul) for all purposes related to the Capital Market Law, the Companies Law and their Implementing Regulations, other relevant laws and regulations, and the Rules on the Offer of Securities and Continuing Obligations.
It is worth noting that these resolutions shall be effective from the commencement of the new Board term on 22/10/2026G for a period of four Gregorian years, ending on 21/10/2030G. -
Tourism Enterprise Co. (Shams) Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)
Thursday 22/10/202613:19:01 PMRead moreTourism Enterprise Co. (Shams) Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)
Tadawul-
Element List Explanation
Introduction The Board of Directors of the Tourism Enterprise Company (Shams) is pleased to invite its esteemed shareholders to attend the Extraordinary General Assembly meeting (the first meeting), which is scheduled to be held, God willing, at 7:00 PM on Thursday: 02/06/1448 AH corresponding to 12/11/2026 AD. In person and via modern technology.
City and Location of the General Assembly's Meeting At Palm Beach Resort - Al Khobar Governorate - Half Moon Beach, in person and via modern technology.
Meeting location: https://maps.app.goo.gl/gDBSmALZodmPP6zd7
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2026-11-12 Corresponding to 1448-06-02
Time of the General Assembly’s Meeting 19:00
Methodology of Convening the General Assembly’s Meeting Attendance in-person and via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly's Meeting According to Article (35) of the Company's Articles of Association, an Extraordinary General Assembly meeting shall not be valid unless attended by shareholders representing at least (half) of the Company's shares entitled to voting rights. If the required quorum for convening this meeting is not met, a second meeting shall be held one hour after the expiry of the period specified for convening the first meeting. The second meeting shall be valid if attended by shareholders representing at least (one-quarter) of the Company's shares entitled to voting rights.
General Assembly Meeting Agenda Item 1: Voting on the amendment of the Audit Committee Charter. (Attached)
Item 2: Voting on the amendment of the Nomination and Remuneration Committee Charter. (Attached)
Item 3: Voting on the amendment of the Board Membership Criteria Policy. (Attached)
Item 4: Voting on the amendment of the Remuneration Policy for Board Members, Board Committees, and Executive Management. (Attached)
Item 5: Voting on the amendment of Article (6) of the Company's Articles of Association, relating to (Participation and Ownership in Companies). (Attached)
Item 6: Voting on the amendment of Article (11) of the Company's Articles of Association, relating to (Sale of Shares Whose Value Has Not Been Fully Paid). (Attached)
Item 7: Voting on the amendment of Article (12) of the Company's Articles of Association, relating to (Capital Increase). (Attached)
Item 8: Voting on the amendment of Article (13) of the Company's Articles of Association, relating to (Capital Reduction). (Attached)
Item 9: Voting on the amendment of Article (14) of the Company's Articles of Association, relating to (Capital Increase). (Attached)
Item 10: Voting on the amendment of Article (15) of the Company's Articles of Association, relating to (Preference Shares). (Attached)
Item 11: Voting on the amendment of Article (16) of the Company's Articles of Association, relating to (Issuance of Shares). (Attached)
Item 12: Voting on the amendment of Article (17) of the Company's Articles of Association, relating to (The Company's Purchase, Sale, and Pledging of Its Shares). (Attached)
Item 13: Voting on the amendment of Article (18) of the Company's Articles of Association, relating to (Debt Instruments and Financing Sukuk). (Attached)
Item 14: Voting on the amendment of Article (19) of the Company's Articles of Association, relating to (Company Management). (Attached)
Item 15: Voting on the amendment of Article (20) of the Company's Articles of Association, relating to (Expiry or Termination of Board Membership). (Attached)
Item 16: Voting on the amendment of Article (21) of the Company's Articles of Association, relating to (Expiry of the Board's Term, Resignation of Its Members, or Vacancies in Board Membership). (Attached)
Item 17: Voting on the amendment of Article (22) of the Company's Articles of Association, relating to (Powers of the Board). (Attached)
Item 18: Voting on the amendment of Article (24) of the Company's Articles of Association, relating to (Powers of the Chairman, Vice Chairman, Managing Director, and Secretary). (Attached)
Item 19: Voting on the amendment of Article (25) of the Company's Articles of Association, relating to (Board Meetings). (Attached)
Item 20: Voting on the amendment of Article (26) of the Company's Articles of Association, relating to (Board Meetings and Resolutions). (Attached)
Item 21: Voting on the amendment of Article (29) of the Company's Articles of Association, relating to (Duties of the Company's Board of Directors, Conflicts of Interest, Competition, and Exploitation of Assets). (Attached)
Item 22: Voting on the amendment of Article (30) of the Company's Articles of Association, relating to (Board Committees). (Attached)
Item 23: Voting on the amendment of Article (31) of the Company's Articles of Association, relating to (Remuneration of Board Members). (Attached)
Item 24: Voting on the amendment of Article (33) of the Company's Articles of Association, relating to (Calling General Assemblies). (Attached)
Item 25: Voting on the amendment of Article (40) of the Company's Articles of Association, relating to (Calling General Assemblies). (Attached)
Item 26: Voting on the amendment of Article (42) of the Company's Articles of Association, relating to (Powers of the Constituent Assembly). (Attached)
Item 27: Voting on the amendment of Article (43) of the Company's Articles of Association, relating to (Powers of the Ordinary General Assembly). (Attached)
Item 28: Voting on the amendment of Article (44) of the Company's Articles of Association, relating to (Powers of the Extraordinary General Assembly). (Attached)
Item 29: Voting on the amendment of Article (45) of the Company's Articles of Association, relating to (Presiding over General Assemblies and Preparing Minutes). (Attached)
Item 30: Voting on the amendment of Article (47) of the Company's Articles of Association, relating to (Financial Documents). (Attached)
Item 31: Voting on the amendment of Article (48) of the Company's Articles of Association, relating to (Formation of Reserves). (Attached)
Item 32: Voting on the amendment of Article (49) of the Company's Articles of Association, relating to (Dividend Entitlement). (Attached)
Item 33: Voting on the amendment of Article (50) of the Company's Articles of Association, relating to (Company Losses). (Attached)
Item 34: Voting on the amendment of Article (51) of the Company's Articles of Association, relating to (Dividend Distribution). (Attached)
Item 35: Voting on the amendment of Article (53) of the Company's Articles of Association, relating to (Final Provisions). (Attached)
Item 36: Voting on the amendment of Article (54) of the Company's Articles of Association, relating to (Publication). (Attached)
Item 37: Voting on the amendment of Article (55) of the Company's Articles of Association, relating to (Liability Action by the Company, a Partner, or a Shareholder). (Attached)
Item 38: Voting on the addition of an article to the Company's Articles of Association, numbered (29), relating to (The Company's Head Office). (Attached)
Item 39: Voting on the addition of an article to the Company's Articles of Association, numbered (30), relating to (Powers of the Board). (Attached)
Item 40: Voting on the addition of an article to the Company's Articles of Association, numbered (35), relating to (Formation of the Audit Committee). (Attached)
Item 41: Voting on the addition of an article to the Company's Articles of Association, numbered (36), relating to (Functions and Powers of the Audit Committee). (Attached)
Item 42: Voting on the addition of an article to the Company's Articles of Association, numbered (37), relating to (Governance Framework, Allocation of Responsibilities, and Executive Oversight). (Attached)
Item 43: Voting on the addition of an article to the Company's Articles of Association, numbered (38), relating to (Nomination and Remuneration Committee). (Attached)
Item 44: Voting on the addition of an article to the Company's Articles of Association, numbered (39), relating to (Internal Audit Unit or Department). (Attached)
Item 45: Voting on the addition of an article to the Company's Articles of Association, numbered (40), relating to (Supplementary Policies on Disclosure, Conflicts of Interest, and Related Parties). (Attached)
Item 46: Voting on the renumbering of the provisions of the Company's Articles of Association whose wording remains unchanged, in line with the proposed amendments and additions. (Attached)
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders are entitled to discuss the items included on the agenda of the Extraordinary General Assembly and to direct questions to the members of the Board of Directors. Please note that voting via the "Tadawulaty" services is available free of charge to all shareholders through the following link: https://www.tadawulaty.com.sa/
Details of the electronic voting on the Assembly’s agenda Shareholders registered with the Tadawulaty services may cast their votes electronically—remotely—on the agenda items of the General Assembly, starting from 1:00 AM on Sunday, 28/05/1448 AH (corresponding to 08/11/2026 AD) until the conclusion of the General Assembly meeting. Registration and voting via Tadawulaty are available free of charge to all shareholders through the following link:
https://www.tadawulaty.com.sa/
Method of Communication in Case of Any Enquiries Should you have any inquiries, please contact the Shareholder Relations Department:
By phone: 013-8366669, Ext. 7000
Or via email: Info@shamstourism.com.sa -
Sadr Logistics Co. Announces Resignation of the Chairman of the Board
Thursday 22/10/202613:18:39 PMRead moreSadr Logistics Co. Announces Resignation of the Chairman of the Board
Tadawul-
Element List Explanation
Introduction Sadr Logistics Co. announces the resignation of Mr. Mohammed Abdullah Abdulkarim Al-Samaani from his position as Chairman of the Board of Directors and from Board membership. He submitted his resignation today, Thursday, 22 October 2026, for personal reasons.
The Board of Directors approved the resignation today, Thursday, 22 October 2026, effective as of the same date.
The members of the Board of Directors extend their sincere thanks and appreciation to Mr. Mohammed Abdullah Abdulkarim Al-Samaani for his efforts and dedication throughout his tenure as Chairman, and for his contributions to supporting the Company’s progress, strengthening its business, and achieving its objectives. They wish him continued health, well-being, and success.
The Board of Directors also resolved today, Thursday, 22 October 2026, to appoint Mr. Bandar Mohammed Abdullah Al-Samaani, currently a Board Member, Vice Chairman, and Managing Director, as Chairman of the Board of Directors, succeeding the former Chairman, and to end his assignment as Managing Director, effective as of the same date. His appointment as Chairman shall continue until the end of the current Board term on 15 September 2028. The Board prays that Allah grants him success, sound judgment, and support in fulfilling his duties.
The Board further resolved to appoint Eng. Khalid Abdulaziz Al-Bakri, currently an Independent Board Member and Chairman of the Nomination and Remuneration Committee, as Vice Chairman of the Board of Directors, effective from 22 October 2026 until the end of the current Board term on 15 September 2028.
Element List Explanation
Resigned Member Name Mr. Mohammed Abdullah Abdulkarim Al-Samaani
Membership Type Non- Executive
Resignation Submission Date 2026-10-22 Corresponding to 1448-05-11
Resignation Effective Date 2026-10-22 Corresponding to 1448-05-11
Membership Starting Date for the Resigned Member 2024-09-16 Corresponding to 1446-03-13
Reasons of Resignation Due to his personal circumstances. -
Saudi Arabian Cooperative Insurance Co. (SAICO) Announces Appointment of a CEO
Thursday 22/10/202613:18:21 PMRead moreSaudi Arabian Cooperative Insurance Co. (SAICO) Announces Appointment of a CEO
Tadawul-
Element List Explanation
Introduction With reference to the company's announcement dated 21/05/2026 regarding the appointment of the acting CEO, the Saudi Arabian Cooperative Insurance Company (SAICO) announces the Board of Directors' resolution dated 22/10/2026 to terminate the assignment of Mr. Khalid Ali Ballow as acting CEO, and to appoint him as the company's CEO.
Element List Explanation
Appointment Type Appointment
Name of the Appointed Person Mr. Khalid Ali A. Ballow
Date of Board Resolution 2026-10-22 Corresponding to 1448-05-11
Date Work Commencement 2026-10-22 Corresponding to 1448-05-11
Brief Resume Mr. Khalid earned a Master’s Degree in Business Administration from the Arab Academy for Science, Technology & Maritime Transport, Egypt in 2008, a Bachelor’s Degree in Administrative Sciences from King Saud University, Riyadh in 1998, and a Professional Diploma in Marketing from the Riyadh Chamber of Commerce & Industry in 2003, in addition to a Chartered Insurance Institute (CII) Professional Diploma from the Bahrain Institute of Banking and Finance.
Mr. Khalid has over 27 years of insurance leadership experience, of which 16 years are with SAICO. He joined SAICO in 2010. The last position held by him at SAICO, before the present appointment, was Vice President – Sales and Business Development.
The members of the Board of Directors of SAICO have expressed their sincere wishes for his continued success in his upcoming responsibilities. -
Global Corp Securitization 5th Iss 1st Pro Tranche C Sep 2028 (EGBGLSC5P1CCV) Declares Bond Dividends for Coupon No. (17)
Thursday 22/10/202613:17:39 PMRead moreGlobal Corp Securitization 5th Iss 1st Pro Tranche C Sep 2028 (EGBGLSC5P1CCV) Declares Bond Dividends for Coupon No. (17)
Issuer Name : Global Corp Securitization 5th Iss 1st Pro Tranche C Sep 2028
ISIN Code : EGB69761S165
Reuters Code : EGBGLSC5P1CCV
Interest Type : Floating
Coupon Interest : 20.8%
Coupon Amount : EGP 1.1874056841
Coupon Number : 17
Coupon Date : 09/11/2026
Coupon Payment Date : 10/11/2026 -
Raydan Food Co. Announces Resignation of a Board Member
Thursday 22/10/202613:17:20 PMRead moreRaydan Food Co. Announces Resignation of a Board Member
Tadawul-
Element List Explanation
Introduction Raydan Food Company announces the resignation of Mr. Ghassan Nabil Nassif from his position as a member of the Board of Directors and its sub-committees (the Governance, Risk, and Compliance Committee, and the Nomination and Remuneration Committee), submitted on 21-10-2026 G. The resignation was tendered due to his current professional commitments, which prevent him from continuing his membership on the Board and its committees.
The Board of Directors approved the acceptance of the resignation by virtue of its Resolution No. (056/BDR/26) dated 22-10-2026 G, with the resignation becoming effective as of 25-10-2026 G.
The Board of Directors expresses its sincere gratitude and appreciation to Mr. Ghassan Nabil Nassif for his valuable efforts and effective contributions during his tenure on the Board of Directors and its committees, wishing him continued success in his future endeavors.
Element List Explanation
Resigned Member Name Mr.Ghassan Nabil Nassief
Membership Type Independent
Resignation Submission Date 2026-10-21 Corresponding to 1448-05-10
Resignation Effective Date 2026-10-25 Corresponding to 1448-05-14
Membership Starting Date for the Resigned Member 2026-02-17 Corresponding to 1447-08-29
Reasons of Resignation Due to his current professional commitments, which prevent him from continuing his membership on the Board and its committees. -
Sinad Holding Company Announces the Resignation of a Member of the Board of Directors.
Thursday 22/10/202613:17:00 PMRead moreSinad Holding Company Announces the Resignation of a Member of the Board of Directors.
Tadawul-
Element List Explanation
Introduction Sinad Holding Company announces the resignation of Mr. Mansor Abdulaziz Al Bosaily, an Independent Member of the Board of Directors and Chairman of the Remuneration and Nomination Committee, from his positions on the Board of Directors and the Remuneration and Nomination Committee, pursuant to the resignation request submitted to the Board.
The Board of Directors extends its sincere thanks and appreciation to Mr. Mansor Abdulaziz Al Bosaily for his valuable efforts and contributions during his tenure as a Board Member and Chairman of the Remuneration and Nomination Committee, wishing him continued success in his future endeavors.
Element List Explanation
Resigned Member Name Mansor Abdulaziz Al Bosaily
Membership Type Independent
Resignation Submission Date 2026-10-22 Corresponding to 1448-05-11
Resignation Effective Date 2026-10-31 Corresponding to 1448-05-20
Membership Starting Date for the Resigned Member 2025-10-27 Corresponding to 1447-05-05
Reasons of Resignation The resignation is due to personal circumstances. -
Saudi Enaya Cooperative Insurance Co. Announces Appointment of the CEO
Thursday 22/10/202613:16:37 PMRead moreSaudi Enaya Cooperative Insurance Co. Announces Appointment of the CEO
Tadawul-
Element List Explanation
Introduction Saudi Enaya Cooperative Insurance Company announces that its Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, issued a resolution dated 06/04/1448H Corresponding 17/09/2026 to appoint Dr. Mohammed Abdullah Al Dar as Chief Executive Officer of the Company, subject to obtaining the Insurance Authority’s non-objection.
The Company has obtained the Insurance Authority’s non-objection to assign Dr. Mohammed Abdullah Al Dar as Acting Chief Executive Officer of the Company for the period of six (6) months, effective from 10/05/1448H Corresponding 21/10/2026.
Element List Explanation
Appointment Type Delegation
Name of the Appointed Person DR. Mohammed Abdullah Al dar
Date of Board Resolution 2026-09-17 Corresponding to 1448-04-06
Date Work Commencement 2026-11-01 Corresponding to 1448-05-21
Brief Resume Dr. Mohammed Abdullah Al Dar has more than 25 years of professional and leadership experience across the healthcare and insurance sectors, across both the public and private sectors. He has held several senior leadership positions, most notable he served as Chief Executive Officer of Accumed Saudi Arabia and Chief Operating Officer of Care Medical Company, in addition to founding and leading the first Saudi company specializing in health tourism. He also has extensive experience in governance and strategic oversight through his membership on boards of directors and executive committees. -
The Board of Directors of the Knowledge Economic City Invites the Shareholders to Attend the Extraordinary General Assembly Meeting (First Meeting)
Thursday 22/10/202613:16:20 PMRead moreThe Board of Directors of the Knowledge Economic City Invites the Shareholders to Attend the Extraordinary General Assembly Meeting (First Meeting)
Tadawul-
Element List Explanation
Introduction The Board of Directors of Knowledge Economic City Company (the Company) is pleased to invite the esteemed shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting) scheduled to take place on Sunday 15 Nov 2026, at 6:30 PM, via modern technology means (Remotely).
City and Location of the General Assembly's Meeting Remotely via modern technology means using the Tadawulaty system from the Company's headquarters at Diwan Al-Maarifa, King Abdulaziz Road, Al-Madinah Al-Munwwarah.
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2026-11-15 Corresponding to 1448-06-05
Time of the General Assembly’s Meeting 18:30
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly's Meeting The Extraordinary General Assembly Meeting shall be convened if attended by shareholders representing at least 50% of the Company’s voting shares. If the required quorum is not met at the first meeting, a second meeting will be held one hour after the end of the period scheduled for the first meeting. The second meeting shall be valid if attended by shareholders representing at least 25% of the Company’s voting shares.
General Assembly Meeting Agenda attached
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders have the right to discuss the items included in the General Assembly agenda and to direct relevant questions thereon. Shareholders registered with Tadawulaty services may also vote remotely and electronically on the agenda items through the electronic voting service.
Details of the electronic voting on the Assembly’s agenda Shareholders registered on the Tadawulaty platform may vote remotely and electronically on the agenda items starting at 01:00 AM on Wednesday 11 Nov 2026, until the end of the General Assembly Meeting. Registration and voting through Tadawulaty services are available free of charge to all shareholders at:
https://www.tadawulaty.com.sa
Method of Communication in Case of Any Enquiries In case of inquiries about the Ordinary General Assembly agenda items, please contact the Shareholders Relations Department through: Phone number: (014-865-1010), extensions 4059 or 4045, Fax: (014-865-4040), Email: (info@madinahkec.com). -
Mohammed Hasan AlNaqool Sons Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)
Thursday 22/10/202613:16:03 PMRead moreMohammed Hasan AlNaqool Sons Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)
Tadawul-
Element List Explanation
Introduction The Board of Directors of Mohammed Hassan Al-Naqool Sons Company is pleased to invite shareholders to participate and vote in the Extraordinary General Assembly Meeting of the Company (First Meeting) scheduled to be held, God willing, at 7:30 PM on Thursday, November 12, 2026, via modern technology using the Tadawulaty website (www.tadawulaty.com.sa).
City and Location of the General Assembly's Meeting The company's headquarters are located in Dammam – via modern technology.
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2026-11-12 Corresponding to 1448-06-02
Time of the General Assembly’s Meeting 19:30
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly's Meeting An extraordinary general meeting is valid if attended by shareholders representing at least half of the company's shares with voting rights. If the quorum is not met for the first meeting, a second meeting is held one hour after the scheduled end time of the first meeting. The second meeting is valid if attended by shareholders representing at least one-quarter of the company's shares with voting rights, in accordance with Article 29 of the company's Articles of Association.
General Assembly Meeting Agenda 1. Voting on amending Article Five of the Company's Articles of Association, concerning the company's duration. (Attached).
2. Voting on amending Article Eleven of the Company's Articles of Association, concerning increasing capital. (Attached).
3. Voting on amending Article Fourteen of the Company's Articles of Association, concerning the company's purchase, sale, and pledging of its own shares. (Attached).
4. Voting on adding an article to the Company's Articles of Association concerning the issuance of debt instruments and financing instruments. (Attached).
5. Voting on amending Article Seventeen of the Company's Articles of Association, concerning the expiration of the Board of Directors' term, the resignation of its members, or vacancies. (Attached).
6. Voting on adding an article to the Company's Articles of Association concerning the Board of Directors' committees. (Attached).
7. Voting on adding an article to the Company's Articles of Association concerning liability claims. (Attached).
8. Voting on adding an article to the Company's Articles of Association concerning the powers of the Extraordinary General Assembly. (Attached). 9- Voting on adding an article to the company's Articles of Association concerning the Ordinary General Assembly meetings and their powers. (Attached).
10- Voting on amending Article 31 of the company's Articles of Association, concerning resolutions of the General Assembly. (Attached).
11- Voting on amending Article 35 of the company's Articles of Association, concerning the powers of the auditor. (Attached).
12- Voting on adding an article to the company's Articles of Association concerning the dismissal and resignation of the auditor. (Attached).
13- Voting on adding an article to the company's Articles of Association concerning profit distribution. (Attached).
14- Voting on adding an article to the company's Articles of Association concerning the distribution of interim profits. (Attached).
15- Voting on renumbering and rearranging the articles of the company's Articles of Association to reflect the proposed amendments. (Attached).
16- Voting on amending the Remuneration and Nominations Committee's Rules of Profit. (Attached).
17- Voting on amending the policy and criteria for remunerating members of the Board of Directors, its subcommittees, and the executive management. (Attached). 18. Voting on amending the Audit Committee's Rules of Procedure. (Attached)
19. Voting on amending the Board of Directors' Membership Policy, Standards, and Procedures. (Attached)
20. Voting on the Company's Competition Controls and Standards Policy. (Attached)
21. Voting on the Corporate Social Responsibility Policy. (Attached)
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders have the right to discuss the topics on the General Assembly's agenda and direct related questions to the Board of Directors. Registration and voting through Tadawulaty services are available free of charge to all shareholders via the following link: https://www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda Shareholders registered with the Tadawulaty service can vote electronically and remotely on the items of the General Assembly starting from 1:00 AM on Sunday, November 8, 2026, until the counting committee finishes counting the votes. Registration and voting in the Tadawulaty services will be available and free to all shareholders using the following link:
Method of Communication in Case of Any Enquiries If you have any questions, we hope to contact the Shareholder Relations Department
Phone: 8001010990
Email: alnaqool@alnaqool.com -
The Board of Directors of Riyadh Development Company invites its shareholders to attend the Extraordinary General Assembly Meeting (First Meeting) through modern technology means.
Thursday 22/10/202613:15:44 PMRead moreThe Board of Directors of Riyadh Development Company invites its shareholders to attend the Extraordinary General Assembly Meeting (First Meeting) through modern technology means.
Tadawul-
Element List Explanation
Introduction The Board of Directors of Riyadh Development Company is pleased to invite its valued shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting), which is scheduled to be held, God willing, on Thursday, 12 November 2026, corresponding to 2 Jumada Al-Akhirah 1448 AH, at 7:00 p.m., via modern technology means.
City and Location of the General Assembly's Meeting Riyadh – the Company’s head office, via modern technology means.
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2026-11-12 Corresponding to 1448-06-02
Time of the General Assembly’s Meeting 19:00
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End Shareholders registered in the Company's shareholder register maintained by the Securities Depository Center (Edaa) as of the close of the trading session preceding the General Assembly Meeting shall be entitled to attend the meeting, in accordance with the applicable laws and regulations. Registration to attend the General Assembly Meeting shall end at the time the meeting commences, and the right of attendees to vote on the General Assembly agenda items shall end upon completion of the vote counting by the vote-counting committee.
Quorum for Convening the General Assembly's Meeting The Extraordinary General Assembly Meeting shall be valid if attended by shareholders representing at least half of the Company's share capital, in accordance with Article 31 of the Company's Bylaws.
If the required quorum is not met, a second meeting shall be held one hour after the time scheduled for the first meeting. The second meeting shall be valid if attended by shareholders representing at least one-quarter of the Company's share capital.
General Assembly Meeting Agenda To vote on the Company's purchase of up to (11,696,640) of its own shares for the purpose of holding them as treasury shares, as the Board of Directors believes that the Company's share price is below its fair value. The purchase shall be financed from the Company's own resources, and the Board of Directors shall be authorized to execute the purchase within a period not exceeding (18) months from the date of the Extraordinary General Assembly's resolution. The Company shall retain the purchased shares for a maximum period of (5) years from the date of approval by the Extraordinary General Assembly of Shareholders. Upon expiry of this period, the Company shall follow the procedures and controls stipulated in the relevant laws and regulations. (Solvency Report attached).
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders have the right to discuss the items listed in the agenda of the general assembly and raise questions and inquiries. Shareholders registered in Tadawulaty services can vote electronically and remotely on the assembly agenda items via Tadawulaty's website: www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda Shareholders registered with Tadawulaty Services will be able to vote remotely on the agenda items of the Extraordinary General Assembly Meeting starting at 1:00 a.m. on Sunday, 8 November 2026, corresponding to 28 Jumada Al-Awwal 1448 AH, and continuing until the conclusion of the Extraordinary General Assembly Meeting.
Registration and remote voting through Tadawulaty Services are available free of charge to all shareholders via the following link:
https://www.tadawulaty.com.sa
Method of Communication in Case of Any Enquiries If you have any questions, we hope to contact the Shareholder Affairs Department at:
Phone: 011-4110333 ext. 1103 -
Global Corp Securitization 5th Iss 1st Pro Tranche B Mar 2027 (EGBGLSC5P1BCV) Declares Bond Dividends for Coupon No. (17)
Thursday 22/10/202613:15:35 PMRead moreGlobal Corp Securitization 5th Iss 1st Pro Tranche B Mar 2027 (EGBGLSC5P1BCV) Declares Bond Dividends for Coupon No. (17)
Issuer Name : Global Corp Securitization 5th Iss 1st Pro Tranche B Mar 2027
ISIN Code : EGB69761S157
Reuters Code : EGBGLSC5P1BCV
Interest Type : Floating
Coupon Interest : 20.6%
Coupon Amount : EGP 0.3031107457
Coupon Number : 17
Coupon Date : 09/11/2026
Coupon Payment Date : 10/11/2026
Notes :
Bond Redemption: EGP 10.3437755208
-
Supplementary announcement regarding the United Cooperative Assurance Company’s announcement concerning a request by one of the company’s creditors to file a petition with the Commercial Court in Riyadh to initiate liquidation proceedings
Thursday 22/10/202613:15:26 PMRead moreSupplementary announcement regarding the United Cooperative Assurance Company’s announcement concerning a request by one of the company’s creditors to file a petition with the Commercial Court in Riyadh to initiate liquidation proceedings
Tadawul-
Element List Explanation
Introduction Whereas the United Cooperative Assurance Company had previously announced on the Saudi Stock Exchange "Tadawul" platform, on Wednesday, 19 Rabi’ al-Awwal 1448 H corresponding to 30 September 2026 that it had received a judgment issued by the Ninth Commercial Circuit of the Commercial Court in Riyadh in Case No. (481001140), pursuant to Deed No. (452005635) dated 19/04/1448H (30 September 2026). The judgment mandated the "initiation of liquidation proceedings for the company, the appointment of Mr. Marei Abdulaziz Marei Al-Omari as the trustee of the procedure for the proceedings, tasked with carrying out the duties, powers, and responsibilities stipulated under the Bankruptcy Law and its Implementing Regulations, and the lifting of all the company’s assets, with the requirement that such assets be handed over to the trustee."
The Company wishes to announce that, on Tuesday, 2 Jumada al-Ula 1448 H, corresponding to 13 October 2026, it filed an objection to the appellate judgment, in accordance with the relevant regulations.
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website 2026-09-30 Corresponding to 1448-04-19
Hyperlink to the Previous Announcement Click Here
Change on the Development The Company wishes to announce that, on Tuesday, 2 Jumada al-Ula 1448 H, corresponding to 13 October 2026, it filed an objection to the appellate judgment, in accordance with the relevant regulations.
Financial Impact on the change N/A
Additional Information The Company affirms that it will continue to take the necessary regulatory and legal measures to protect the interests of the Company, its shareholders, and stakeholders, and will disclose any material developments in this regard in accordance with relevant regulatory requirements. -
Horizon Educational Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
Thursday 22/10/202613:14:51 PMRead moreHorizon Educational Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
Tadawul-
Element List Explanation
Introduction The Board of Directors of Horizon Educational Co. is pleased to invite its valued shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting). The meeting is scheduled to be held via modern technological means, God willing, at 18:30 on Thursday, 09/06/1448 AH, corresponding to 19/11/2026 AD.
City and Location of the General Assembly's Meeting At the company's headquarters in Riyadh - Al-Wurood District - Fujairah Street, using modern technology
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2026-11-19 Corresponding to 1448-06-09
Time of the General Assembly’s Meeting 18:30
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End The right to attend the General Assembly meeting is granted to shareholders registered in the company’s shareholder register at the Depository Center as of the end of the trading session preceding the General Assembly meeting, in accordance with applicable laws and regulations. The eligibility to register for attendance concludes at the time the General Assembly meeting begins, while the right of attendees to vote on the meeting’s agenda items ends when the vote-counting committee completes the tallying of votes.
Quorum for Convening the General Assembly's Meeting Pursuant to Article (32) of the Company’s Articles of Association, a meeting of the Ordinary General Assembly shall not be valid unless attended by shareholders representing at least one-quarter of the Company’s shares that carry voting rights. If this quorum is not met for the first meeting, a second meeting shall be held one hour after the end of the period specified for the first meeting. In all cases, the second meeting shall be considered valid, regardless of the number of shares with voting rights represented therein.
General Assembly Meeting Agenda 1. Vote on the company’s auditor’s report for the fiscal year ended June 30, 2026, following its discussion.
2. Review and discuss the Board of Directors’ report for the fiscal year ended June 30, 2026.
3. Review and discuss the company’s financial statements for the fiscal year ended June 30, 2026.
4. Vote on discharging the members of the Board of Directors from liability for the fiscal year ended June 30, 2026.
5. Vote on the appointment of an external auditor for the company—selected from among the candidates based on the recommendation of the Audit Committee—to examine, review, and audit the preliminary financial statements for the first half (ending December 31, 2026), the third quarter (ending March 31, 2027), the annual financial statements (ending June 30, 2027), and the first quarter (ending September 30, 2027), and to determine their remuneration.
6. Vote on authorizing the Board of Directors to distribute interim dividends to shareholders—on a semi-annual or quarterly basis—for the fiscal year ending June 30, 2027.
7. Vote on delegating to the Board of Directors the authority of the Ordinary General Assembly—as stipulated in Paragraph (1) of Article 27 of the Companies Law—for a period of one year from the date of the General Assembly’s approval, or until the end of the current Board’s term (whichever is earlier), in accordance with the conditions set forth in the Executive Regulations of the Companies Law concerning listed joint-stock companies. 8. Vote on the transactions and contracts entered into between the Company and "Al-Mawso'ah Al-Raqamiyah for Trading" (Digital Encyclopedia for Trading)—in which the Vice Chairman of the Board of Directors, Mr. Ahmed Abdullah Al-Kanhal, has an indirect interest—consisting of the procurement of computer equipment, smart boards, and office and school supplies. These transactions took place during 2026, were conducted in the ordinary course of business, followed prevailing commercial terms, and did not involve any preferential conditions. The total value of these transactions during 2026 amounted to SAR 818,810 (see attachment).
9. Vote on the election of members of the Board of Directors from among the candidates for the upcoming term, which begins on December 8, 2026, and spans four years, ending on December 7, 2030 (see attached biographies of the candidates).
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders are entitled to discuss the topics included in the agenda of the Ordinary General Assembly and to ask questions. Voting through the Tadawulaty services is available free of charge to all shareholders using the following link: www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda Shareholders registered with the Tadawulaty services may vote electronically and remotely on the agenda items of the General Assembly, starting from 1:00 AM on Sunday, 05/06/1448 AH (corresponding to 15/11/2026 AD), until the conclusion of the General Assembly meeting. Registration and voting via Tadawulaty are available free of charge to all shareholders through the following link: www.tadawulaty.com.sa
Method of Communication in Case of Any Enquiries We welcome your inquiries through our Shareholder Relations department via the following channels:
Phone: 0114604646
Email: info@horizon.sch.sa -
Bena Steel Industries Company Announces the Formation of the Audit Committee for the New Board Term
Thursday 22/10/202613:14:19 PMRead moreBena Steel Industries Company Announces the Formation of the Audit Committee for the New Board Term
Tadawul-
Element List Explanation
Introduction Bena Steel Industries Company announces that its Board of Directors, at its meeting held on 22/10/2026G, resolved to form the Audit Committee for the new term commencing on 22/10/2026G for a period of four Gregorian years and ending upon the expiry of the current Board term on 21/10/2030G, as follows:
Element List Explanation
Appointed Member Name Mr. Waleed Yousef AlKhaldi - Committee Chairman (Independent Non-Board Member)
Membership Start Date 2026-10-22 Corresponding to 1448-05-11
Brief Resume of the Appointed Member A CPA and Managing Partner of HLBWYZ, with over 20 years of professional experience in audit, financial and management consulting, corporate governance, risk management, compliance, and restructuring. He serves on boards of directors and audit committees, bringing expertise in strengthening corporate governance, enhancing internal control and risk management frameworks, and supporting strategic decision-making to drive sustainable growth and safeguard the interests of shareholders and other stakeholders.
He holds a Master’s degree in Professional Accountancy from the University of Wisconsin, USA, and a Bachelor’s degree in Accounting from King Faisal University. He is a Certified Public Accountant in the United States (CPA), a Chartered Accountant in Saudi Arabia (SOCPA), and a licensed Bankruptcy Trustee.
The date of the approval by other official authorities NA
Element List Explanation
Appointed Member Name Mr. Mohammed Abdulrahman AlHajri - Committee Member (Independent Non-Board Member)
Membership Start Date 2026-10-22 Corresponding to 1448-05-11
Brief Resume of the Appointed Member A Certified Public Accountant and Managing Partner for the Eastern Province at Crowe Saudi Arabia, and a former Partner at PricewaterhouseCoopers (PwC) Saudi Arabia, with over 12 years of professional experience in accounting, auditing and advisory services, including work with listed companies and local and international entities. He is a Fellow of the Saudi Organization for Chartered and Professional Accountants (SOCPA), registered with the Capital Market Authority (CMA) to audit entities under its supervision, and a Training Consultant at SOCPA. He has extensive experience in financial reporting, corporate governance, internal controls, and the application of International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA). He holds a Master of Business Administration (MBA) and a Bachelor’s degree in Accounting.
The date of the approval by other official authorities NA
Element List Explanation
Appointed Member Name Mr. Mohamed AbouBakr Mohamed Bakr - Committee Member (Non-Board Member)
Membership Start Date 2026-10-22 Corresponding to 1448-05-11
Brief Resume of the Appointed Member He has over 18 years of experience in auditing and consulting and has held senior positions at three of the Big Four audit firms worldwide. He is accredited as a regionally and internationally recognized expert in International Financial Reporting Standards (IFRS) and has participated in the IFRS conversion process in several Middle Eastern countries and for numerous listed companies. He is also an accredited professional facilitator, lecturer and trainer, and a member of the Advisory Committee of the Saudi Organization for Chartered and Professional Accountants (SOCPA). He holds the Certified Public Accountant (CPA) qualification (Illinois, USA), the Certified International Auditor qualification (UK), the IFRS Certificate (UK) and the IFRS for SMEs Certificate (UK).
The date of the approval by other official authorities NA
Element List Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2026-10-22 Corresponding to 1448-05-11 -
Tanmiah Food Co. Announces the Resignation of the Managing Director from her executive position in the company, while continuing to serve on the Board of Directors as a Non-Executive Board Member
Thursday 22/10/202613:13:48 PMRead moreTanmiah Food Co. Announces the Resignation of the Managing Director from her executive position in the company, while continuing to serve on the Board of Directors as a Non-Executive Board Member
Tadawul-
Element List Explanation
Introduction Tanmiah Food Company announces the resignation of Ms. Zein M. Attar from her executive position as Managing Director, while continuing to serve on the Board of Directors as a Non-Executive Board Member, due to professional commitments. Ms. Zein M. Attar submitted her resignation to the Board of Directors on October 22, 2026, and the Board accepted her resignation on the same date, with effect from October 22, 2026.
On this occasion, the Board of Directors of Tanmiah Food Company extends its sincere gratitude and appreciation to Ms. Zein M. Attar for her valuable efforts and contributions to the Company during her tenure as Managing Director and wishes her continued success in her role as a Board Member and in her professional career.
Element List Explanation
Resigned Member Name Ms. Zein M. Attar
Membership Type Executive
Resignation Submission Date 2026-10-22 Corresponding to 1448-05-11
Resignation Effective Date 2026-10-22 Corresponding to 1448-05-11
Membership Starting Date for the Resigned Member 2025-10-19 Corresponding to 1447-04-27
Reasons of Resignation For Professional Commitments -
Global Corp Securitization 6th Iss 1st Pro Tranche C Aug 2028 (EGBGLSC6P1CCV) Declares Bond Dividends for Coupon No. (25)
Thursday 22/10/202613:13:29 PMRead moreGlobal Corp Securitization 6th Iss 1st Pro Tranche C Aug 2028 (EGBGLSC6P1CCV) Declares Bond Dividends for Coupon No. (25)
Issuer Name : Global Corp Securitization 6th Iss 1st Pro Tranche C Aug 2028
ISIN Code : EGB69761S199
Reuters Code : EGBGLSC6P1CCV
Interest Type : Floating
Coupon Interest : 20.9%
Coupon Amount : EGP 1.5086323216
Coupon Number : 25
Coupon Date : 09/11/2026
Coupon Payment Date : 10/11/2026 -
Muscat Stock Exchange Index Closes Lower
Thursday 22/10/202613:12:46 PMRead moreMuscat Stock Exchange Index Closes Lower
SPA-
The Muscat Stock Exchange (MSX) 30 Index closed today at 7,379.41 points, down by 60.5 points—a decline of 0.81%. The total trading value reached 32,318,877 Omani Rials, an increase of 8%.
A report issued by the Muscat Stock Exchange indicated that the market capitalization rose by 0.769% compared to the previous trading day, reaching approximately 38.94 billion Omani Rials.
Purchases by non-Omani investors on the exchange amounted to 3,943,000 Omani Rials, accounting for 12.20% of the total, while sales by non-Omani investors reached 6,506,000 Omani Rials, or 20.13%. Consequently, net non-Omani investment decreased by 2,564,000 Omani Rials, representing a decline of 7.93%. -
Joint Release from the Egyptian Exchange (EGX) & Misr for Central Clearing Depository and Registry (MCDR) on the Expanded Meeting of the Two Entities' Boards
Thursday 22/10/202613:11:47 PMRead moreJoint Release from the Egyptian Exchange (EGX) & Misr for Central Clearing Depository and Registry (MCDR) on the Expanded Meeting of the Two Entities' Boards
Expanded Joint Meeting of the Boards of the Egyptian Exchange (EGX) and Misr for Central Clearing, Depository and Registry (MCDR) to Foster Integration and Develop the Capital Market
The Egyptian Exchange (EGX) hosted an expanded joint meeting at its historic headquarters in Downtown Cairo, bringing together the boards of directors of both the EGX and Misr for Central Clearing, Depository and Registry (MCDR). The meeting was co-chaired by Mr. Omar Radwan, Chairman of the EGX, and Dr. Khaled Serry Siam, Chairman of MCDR. Also in attendance were Mr. Mohamed Sabry, Vice Chairman of the EGX; Mr. Hisham Mabrouk, Managing Director of MCDR; and members of the boards of both institutions. The session focused on exploring and reviewing ways to advance strategic and operational cooperation between the two entities.
The meeting underscored the importance of continuous coordination and seamless interconnection, reflecting the pivotal roles both institutions play as fundamental pillars within the structure of the Egyptian capital market.
Both sides emphasized the necessity of deepening operational and technical integration, which will directly contribute to enhancing trading mechanisms and improving the quality and efficiency of services provided to all market participants.
In this context, Mr. Omar Radwan, Chairman of the EGX, affirmed that ongoing cooperation and integration with MCDR constitute a core element of the comprehensive strategy to modernize and develop the infrastructure of the Egyptian capital market. "This joint meeting reflects our mutual commitment to aligning our visions and efforts toward streamlining procedures and modernizing the technological infrastructure and financial services. These initiatives are in line with global best practices, primarily serving the interests of investors while enhancing the efficiency and attractiveness of the Egyptian market."
For his part, Dr. Khaled Serry Siam, Chairman of Misr for Central Clearing, Depository and Registry (MCDR), stated: "We are consistently dedicated to strengthening our institutional partnership with the Egyptian Exchange (EGX) to ensure the highest standards of security and effectiveness in central clearing, depository, and registry operations. Enhancing integration and digital connectivity between our organizations is a fundamental step toward improving the quality of services provided to market participants, while bolstering liquidity and transparency—thereby reinforcing the confidence of both institutional and individual investors in the Egyptian capital market ecosystem."
The two sides concluded the meeting by agreeing to maintain ongoing coordination and cooperation through regular meetings and the formation of joint technical working groups. These groups will be tasked with overseeing strategic initiatives and executing shared development plans to support the Egyptian capital market. -
Global Corp Securitization 6th Iss 1st Pro Tranche B Sep 2027 (EGBGLSC6P1BCV) Declares Bond Dividends for Coupon No. (25)
Thursday 22/10/202613:11:41 PMRead moreGlobal Corp Securitization 6th Iss 1st Pro Tranche B Sep 2027 (EGBGLSC6P1BCV) Declares Bond Dividends for Coupon No. (25)
Issuer Name : Global Corp Securitization 6th Iss 1st Pro Tranche B Sep 2027
ISIN Code : EGB69761S181
Reuters Code : EGBGLSC6P1BCV
Interest Type : Floating
Coupon Interest : 20.6%
Coupon Amount : EGP 1.2576912217
Coupon Number : 25
Coupon Date : 09/11/2026
Coupon Payment Date : 10/11/2026
Notes :
Bond Redemption: EGP 8.9056431169 -
European Stocks Rebound on Wednesday
Thursday 22/10/202613:10:40 PMRead moreEuropean Stocks Rebound on Wednesday
Trading Economics-
European stocks rebounded on Wednesday after two consecutive sessions of losses, with the Euro Stoxx 50 rising more than 1% and the broader Stoxx 600 gaining less than 1%. Germany, France, Italy and Spain all advanced by over 1%, while the UK market posted a more modest recovery. Technology shares led sector gains, climbing around 2%, followed by energy stocks, which rose more than 1%. Banking, industrial goods and services, healthcare, insurance and utilities also recorded gains of approximately 1%. Automobiles and parts was the weakest-performing sector, falling more than 1.5%. Among individual stocks, EssilorLuxottica surged over 15% after reporting third-quarter revenue that exceeded market expectations. Carrefour, by contrast, plunged more than 10% after cutting its profit outlook and reducing planned capital expenditure. The French retailer cited continued domestic unrest and an energy price shock as factors weighing on consumer confidence and complicating its business outlook. -
FTSE 100 Edges Up on Wednesday
Thursday 22/10/202613:10:00 PMRead moreFTSE 100 Edges Up on Wednesday
Trading Economics-
The FTSE 100 edged higher on Wednesday, recovering from two sessions of losses but underperforming other European markets. Oil majors provided support, with BP gaining around 2%, while HSBC, Lloyds Banking Group, NatWest and Standard Chartered advanced between 0.5% and 1.1%. Barclays slipped slightly ahead of its corporate results due on Thursday. Fresnillo fell more than 2% after maintaining its annual silver production outlook despite lower output compared with last year. Investors also assessed fresh UK economic data showing persistent inflationary pressure and rising public borrowing. Annual consumer price inflation accelerated to 3.5% in September, above expectations of 3.4%, potentially strengthening the case for tighter monetary policy from the Bank of England. Meanwhile, government borrowing reached £97.8 billion in the April–September period, exceeding the Office for Budget Responsibility’s March forecast by £6 billion, while September borrowing totalled £24.5 billion. -
Global Corp Securitization 3rd Iss 2nd Pro Tranche C Jan 30 VR (EGBGLSC3P2CCV) Declares Bond Dividends for Coupon No. (10)
Thursday 22/10/202613:09:51 PMRead moreGlobal Corp Securitization 3rd Iss 2nd Pro Tranche C Jan 30 VR (EGBGLSC3P2CCV) Declares Bond Dividends for Coupon No. (10)
Issuer Name : Global Corp Securitization 3rd Iss 2nd Pro Tranche C Jan 30 VR
ISIN Code : EGB69761S298
Reuters Code : EGBGLSC3P2CCV
Interest Type : Floating
Coupon Interest : 20.55%
Coupon Amount : EGP 1.7453424658
Coupon Number : 10
Coupon Date : 04/11/2026
Coupon Payment Date : 05/11/2026 -
US Stocks Rise on Tech Gains
Thursday 22/10/202613:09:36 PMRead moreUS Stocks Rise on Tech Gains
Trading Economics-
US stock indices closed higher on Wednesday, with the S&P 500 rising 0.6%, the Nasdaq gaining 1.1%, and the Dow adding 360 points, as upbeat results from SpaceX and Super Micro Computer revived optimism about AI demand. SpaceX surged 7.8% after Elon Musk said a merger with Tesla would be “a good idea,” while the company reported its first profit as a public entity. Tesla gained 3.4%, while other space stocks also advanced, including Rocket Lab (+5.4%), Planet Labs (+2.3%), and Intuitive Machines (+3.5%). Super Micro jumped 9.5% after issuing a strong quarterly outlook, lifting HPE (+3.7%) and Dell (+5.3%). Chipmakers also rose, with Nvidia up 2.5%, Intel gaining 1.3%, and AMD advancing 3.4%. Meanwhile, Netflix fell 5.3% after issuing a weaker-than-expected fourth-quarter profit forecast, days after announcing workforce cuts. AT&T dropped 6.4% despite beating earnings estimates, while Elevance Health lost 1.4% despite raising its 2026 profit outlook.
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Canadian Stocks Gain as Oil Rally Eases
Thursday 22/10/202613:09:10 PMRead moreCanadian Stocks Gain as Oil Rally Eases
Trading Economics-
The S&P/TSX Composite Index rose 0.6% to close at 36,325 on Wednesday, supported by easing pressure on credit-sensitive stocks as oil prices fluctuated. Crude prices remained volatile ahead of next week’s Bank of Canada policy decision. A pause in the oil rally offered some relief to major banks, which have faced pressure from inflation concerns and elevated borrowing costs. RBC rose 1.2%, TD Bank gained 2%, BMO advanced 1.7% and Scotiabank added 1.6%. Still, markets expect the BoC to raise interest rates at next week’s meeting, while the federal budget is due on November 5. Elsewhere, mining stocks mostly advanced as gold prices edged higher, with Barrick gaining 0.6% and Franco-Nevada adding 0.9%. In technology, Shopify rose 0.4%, while Celestica gained 1.4%, tracking a rebound in US AI hardware stocks following strong results from SpaceX. -
Ibovespa Falls as Election Uncertainty Weighs
Thursday 22/10/202613:08:46 PMRead moreIbovespa Falls as Election Uncertainty Weighs
Trading Economics-
The Ibovespa fell 0.9% to close at 206,495 on Wednesday amid election-related uncertainty. The index opened higher but reversed course after a Quaest poll showed challenger Flلvio Bolsonaro and incumbent President Lula nearly tied in the presidential runoff. The survey also found that 52% of respondents would “never” vote for Bolsonaro, compared with 47% for Lula, whose rejection rate fell six percentage points in a week. Although Bolsonaro has yet to detail his policy plans, investors view his candidacy as more likely to bring fiscal reforms that could pave the way for lower interest rates. Credit-sensitive stocks came under pressure, with financials mostly lower. Bradesco edged down, BB fell 0.4%, Itaْsa lost 0.6% and B3 erased earlier gains to close 0.8% lower. Retailers also mostly declined, with Magazine Luiza dropping 3.4%. Elsewhere, WEG plunged 7.3% after disappointing third-quarter margins. Vale fell 2.1% on lower iron ore prices. Petrobras lost 0.8% amid volatile oil prices.
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Global Corp Securitization 3rd Iss 2nd Pro Tranche B Jan 29 VR (EGBGLSC3P2BCV) Declares Bond Dividends for Coupon No. (10)
Thursday 22/10/202613:08:17 PMRead moreGlobal Corp Securitization 3rd Iss 2nd Pro Tranche B Jan 29 VR (EGBGLSC3P2BCV) Declares Bond Dividends for Coupon No. (10)
Issuer Name : Global Corp Securitization 3rd Iss 2nd Pro Tranche B Jan 29 VR
ISIN Code : EGB69761S280
Reuters Code : EGBGLSC3P2BCV
Interest Type : Floating
Coupon Interest : 20.4%
Coupon Amount : EGP 1.7326027397
Coupon Number : 10
Coupon Date : 04/11/2026
Coupon Payment Date : 05/11/2026 -
Bank of Korea Holds Rates as Expected
Thursday 22/10/202613:08:06 PMRead moreBank of Korea Holds Rates as Expected
Trading Economics-
The Bank of Korea (BoK) left its base rate unchanged at 3.00% at its October 2026 meeting, in line with expectations, pausing after rare back-to-back 25-basis-point hikes in July and August to address inflation risks. The decision gives policymakers more time to assess how households and businesses are responding to higher borrowing costs, amid persistent price pressures and strong export-driven growth. Annual consumer inflation eased to 2.9% in September from 3.1% in August but remained above the BoK’s 2% target, while one-year-ahead inflation expectations held at 2.7%. Producer price inflation also reached 7.7% in September, raising concerns about further pass-through to consumer prices. Meanwhile, strong semiconductor exports driven by global AI demand supported growth, prompting the BoK to raise its 2026 growth forecast to 3.3% from 2.6% in August. The BoK’s August projections pointed to one further rate hike before year-end. -
South Korean Shares Fall to 6-Month Closing Low
Thursday 22/10/202613:07:43 PMRead moreSouth Korean Shares Fall to 6-Month Closing Low
Trading Economics-
The benchmark KOSPI slipped 3.52% to close at 5,534 on Thursday, reversing gains from the previous session and marking its lowest closing level since April, as concerns over the profitability of debt-backed AI infrastructure investment weighed on technology shares. Samsung Electronics and SK hynix fell 4.03% and 5.49%, respectively, as investors took profits. Other notable decliners included SK Square (-3.59%), LG Energy Solution (-5.22%), Hyundai Motor (-2.58%), Samsung SDI (-7.58%), Doosan Enerbility (-2.99%) and HD Hyundai Heavy Industries (-3.44%). Meanwhile, semiconductor exports surged 222.5% year-on-year in the first 20 days of October, pointing to continued chip demand that could underpin the earnings outlook for Korea's major chipmakers. On the monetary policy front, the Bank of Korea held its policy rate at 3.00%, in line with expectations. -
China Stocks Track Asian Peers Lower
Thursday 22/10/202613:07:15 PMRead moreChina Stocks Track Asian Peers Lower
Trading Economics-
The Shanghai Composite fell 1.5% to close at 3,658 on Thursday, while the Shenzhen Component dropped 3% to a more than two-month low of 11,357, tracking broader Asian market losses as the technology-led rally lost momentum. The rally had been supported by strong earnings and renewed optimism surrounding artificial intelligence, but mixed results from US technology companies have raised doubts about the sustainability of this week’s rebound in the sector. Domestically, state-backed purchases have increasingly shifted toward technology and growth stocks, reflecting Beijing’s efforts to strengthen domestic technological capabilities and support equity-market financing. Technology stocks led the declines, particularly Zhongji Innolight (-8.8%), Eoptolink Technology (-12.3%) and Victory Giant Technology (-5.3%). Other decliners included China Merchants Bank (-1.1%), Foxconn Industrial Internet (-3.6%) and Ping An Insurance (-0.5%). -
Global Corp Securitization 3rd Iss 2nd Pro Tranche A Jan 28 VR (EGBGLSC3P2ACV) Declares Bond Dividends for Coupon No. (10)
Thursday 22/10/202613:06:38 PMRead moreGlobal Corp Securitization 3rd Iss 2nd Pro Tranche A Jan 28 VR (EGBGLSC3P2ACV) Declares Bond Dividends for Coupon No. (10)
Issuer Name : Global Corp Securitization 3rd Iss 2nd Pro Tranche A Jan 28 VR
ISIN Code : EGB69761S272
Reuters Code : EGBGLSC3P2ACV
Interest Type : Floating
Coupon Interest : 20.3%
Coupon Amount : EGP 1.2121935953
Coupon Number : 10
Coupon Date : 04/11/2026
Coupon Payment Date : 05/11/2026
Notes :
Bond Redemption: EGP 3.1087435285 -
NZX 50 Halts Gains, Ends Slightly Lower
Thursday 22/10/202613:05:21 PMRead moreNZX 50 Halts Gains, Ends Slightly Lower
Trading Economics-
The NZX 50 dropped 14 points, or 0.1%, to close at 13,747 on Thursday, halting gains from the morning and the previous session as traders assessed Q3 inflation data. Although annual inflation eased to 3.7% in Q3 from a two-year high in Q2, caution persisted amid expectations that inflation would rise again following a temporary dip in fuel prices. Inflation also remained above the RBNZ's 1–3% target range. Rising oil prices further pressured sentiment, raising concerns over inflation expectations and interest rate hikes amid escalating tensions in the Middle East and the Russia-Ukraine conflict. The broader index tracked declines in US stock futures as investors digested earnings from Meta and Tesla. Healthcare, financials, real estate, and consumer discretionary stocks weighed on the index, with the biggest laggards including Hallenstein Glasson (-3.9%), Mainfreight (-3.0%), Fisher & Paykel (-1.1%), Henderson Far East Income (-1.0%), Infratil (-1.0%), and Port of Tauranga (-0.8%). -
ASX 200 Closes 0.4% Lower
Thursday 22/10/202613:04:56 PMRead moreASX 200 Closes 0.4% Lower
Trading Economics-
The ASX 200 fell 38 points, or 0.4%, to finish at 8,793 on Thursday, erasing modest gains in the previous session as U.S. stock futures weakened sharply amid higher oil prices and mounting concerns about AI investment. Caution also emerged ahead of Australia’s flash October PMI data due Friday. Meanwhile, Reserve Bank Deputy Governor Hauser said inflation remains more persistent than expected, with September headline CPI at 4%, reinforcing expectations of another rate hike in November. Consumer discretionary, mining, and energy stocks led declines, while gains in logistics, transport, and utilities helped limit losses. Fortescue slipped 4.5% after flagging its future cash balance and operations could face headwinds if ongoing talks with China's state-backed iron ore buyer drag beyond the end of the year. Codan Ltd. plunged 8.1% after an off-market block trade worth AUD 312 million, reportedly involving the sale of roughly 23% of the stake held by its largest individual shareholder.
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Release from El-Nile Co. For Pharmaceuticals And Chemical Industries ' El (NIPH.CA) Concerning the EGM Invitation
Thursday 22/10/202613:04:38 PMRead moreRelease from El-Nile Co. For Pharmaceuticals And Chemical Industries ' El (NIPH.CA) Concerning the EGM Invitation
Company Name : El-Nile Co. For Pharmaceuticals And Chemical Industries ' El (NIPH.CA)
ISIN Code : EGS38331C012
Reuters Code : NIPH.CA
Content :
Release from the company concerning the invitation of the EGM which is scheduled to be held on 15/11/2026.
Release from the Company (2,234 KB) -
Taiwan Stocks End at 5-Week Low
Thursday 22/10/202613:04:29 PMRead moreTaiwan Stocks End at 5-Week Low
Trading Economics-
The TAIEX, Taiwan’s benchmark stock index, fell 846 points, or 1.8%, to 46,041 on Thursday, erasing gains from the previous session and tracking declines in US stock futures as investors digested earnings from Meta and Tesla. Rising oil prices further pressured sentiment, raising concerns over inflation expectations and interest rate hikes amid escalating tensions in the Middle East and the Russia-Ukraine conflict. The broader index fell to its lowest level since September 17, weighed mainly by electronic technology, producer manufacturing, process industries, and commercial services. Electronic technology stocks shed 2.3% amid ongoing concerns over AI investment, with TSMC, the world’s largest contract chipmaker, which accounts for more than 40% of the market’s total value, falling 1.5%. Meanwhile, MediaTek, Delta Electronics, and Hon Hai Precision fell 3.1%, 4.0%, and 2.0%, respectively. Process industries plunged 3.8%, mainly due to a 6.1% slump in Nan Ya Plastics Corporation. -
Japanese Shares Slide as Tech Selloff Resumes
Thursday 22/10/202613:03:48 PMRead moreJapanese Shares Slide as Tech Selloff Resumes
Trading Economics-
Japan’s Nikkei 225 Index dropped 2.65% to 62,908 on Thursday, closing at its lowest level in nearly three months as renewed selling pressure hit technology and artificial intelligence stocks. Investors continued to question whether massive AI investments would generate sufficient returns, particularly as Japanese companies play a significant role in the global AI infrastructure expansion. Sentiment was further dampened by rising oil prices following deadly attacks on a Saudi oil field, intensifying geopolitical tensions in the Middle East and adding to inflationary concerns. Japan remains especially vulnerable to regional disruptions due to its heavy reliance on oil imports from the Middle East. Technology stocks recorded notable losses, with Kioxia Holdings falling 6.8%, Advantest and Taiyo Yuden each declining 6%, SoftBank Group dropping 6.9%, and Tokyo Electron sliding 7%.
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European Stocks Fall, STOXX 50 Near Mid-June Lows
Thursday 22/10/202613:03:24 PMRead moreEuropean Stocks Fall, STOXX 50 Near Mid-June Lows
Trading Economics-
European stocks fell on Thursday, with the STOXX 50 sliding 1.5% to its lowest levels since mid-June and the STOXX 600 declining 0.9%, as disappointing results from US megacap companies reignited concerns over AI-related valuations and fuelled a global equity sell-off. Investors also kept a close eye on quarterly earnings from European companies, while oil prices extended their gains amid renewed attacks on Saudi Arabian facilities. Hermes tumbled 6.6% after reporting no sales growth in the region encompassing China. Roche fell 1.3% despite posting stronger-than-expected sales, while Thales slipped 1.7% even after raising its full-year outlook. Barclays edged down 0.2% despite reporting a 12% year-on-year increase in profit. In contrast, SAP shares were little changed, with the company lifting its full-year outlook. Nestle gained 2.3% after reporting strong third-quarter sales growth, supported by robust demand for snacks and pet food in emerging markets. -
China FDI Continues to Fall
Thursday 22/10/202613:02:51 PMRead moreChina FDI Continues to Fall
Trading Economics-
Foreign direct investment into China fell by 4.3% year-on-year to CNY 548.8 billion or USD 82.2 billion in the first nine months of the year, compared to a 5.3% drop in the first eight months of 2026. Outbound non-financial direct investment was USD 101 billion. China faced headwinds in attracting foreign capital, including worsening geopolitical conflicts, weak growth momentum and a rise in protectionist and unilateral measures, according to China's vice commerce ministry. Meanwhile, foreign investment in high-tech industries jumped 33.8% in the January-September period, led by development and design services.