Financial reports

Saudi Market Authority Approves Capital Increase for Holding Fruits Company

RIYADH – The Saudi Market Authority (SMA) has approved the Holding Fruits Company’s request to increase its capital through a rights issue, the regulator announced today. The decision follows a thorough review of the company’s request against established regulatory requirements and qualitative and quantitative standards applied to all capital increase requests. Details of the rights issue will be published in a forthcoming issuance bulletin available to the public.

The SMA cautioned investors against making investment decisions solely based on news of the capital increase, whether stemming from the company’s board suggestion or the authority’s approval of the issuance bulletin.”The investment decision based on announcing the news of the company’s capital increase… without seeing the issuance bulletin and studying its content, may contain high risks,” an SMA representative stated.

Investors are urged to carefully review the issuance bulletin, which contains comprehensive details about the company, potential risks, and relevant factors. The authority emphasized that approval of the issuance bulletin does not guarantee the investment’s feasibility. “The authority’s decision to agree to the issuance bulletin means that the regular requirements have been adhered to according to the financial market system and its executive regulations,” the SMA explained. Investors unsure about the bulletin’s contents are advised to consult a licensed financial advisor.

Eight members of the Organization of the‍ Petroleum Exporting ⁢Countries (OPEC) ⁤and its allies, ⁣collectively known as OPEC+, agreed on‍ September 5,‌ 2023, to modestly increase oil⁤ production by 137,000 ⁣barrels per day in October. The decision, ⁢reached during a virtual meeting of the Joint Ministerial ‌Monitoring Committee (JMMC), signals a ⁢slight ‍easing of the groupS supply constraints amid concerns about⁣ global economic growth‌ and fluctuating demand.

The incremental increase-a fraction of global supply,which totals roughly 100 million barrels per day-comes after months of voluntary production cuts intended ​to bolster prices. While the​ move is unlikely to dramatically alter the ⁢oil market in the short term, it reflects a cautious attempt by OPEC+⁣ to balance‌ its commitment to price stability wiht‌ the need to respond to evolving market conditions. The decision impacts consumers​ worldwide, influencing gasoline prices and broader economic activity, and sets the stage for further‌ deliberations at the full OPEC+ ⁤meeting scheduled for November 30, ​2023.

Saudi Arabia,Russia,and other key producers within the alliance⁤ will implement the agreed-upon adjustments. The 137,000⁤ barrel per day increase represents a collective adjustment across several nations,not a single country’s output hike.

OPEC+ has wielded significant influence over global oil markets ‌since 2020, initially implementing⁢ record cuts to offset the demand destruction‍ caused ‌by the COVID-19⁢ pandemic. The group has‌ since gradually unwound some of those cuts,⁤ but has consistently intervened to⁣ manage supply and⁤ prevent ‍sharp price ‌swings. The current ​production levels and future adjustments are closely watched by governments and energy companies globally.

real estate lending surged in the second quarter of 2025, reaching 932.8 billion riyals – a significant 15% increase compared to the same period in 2024. The growth signals continued robust activity‌ in the ‍property sector ⁢and increased ⁢access to financing for both individuals and businesses.

This notable expansion in real estate ⁤loans reflects broader economic trends and evolving investment strategies. The increased availability of credit empowers prospective homeowners and fuels commercial advancement,impacting sectors⁣ ranging ‍from construction and materials to interior design and related services.Experts anticipate ⁤this lending momentum will continue ⁤to shape the real estate landscape, potentially influencing property values and market dynamics in the coming ⁤quarters.

The data, released today,⁣ indicates a considerable​ rise in financial support​ for property acquisition and development. The 932.8 billion riyal total represents a notable jump from the previous year’s figure,‍ demonstrating a heightened ‍appetite for real estate ‌investment. This growth is attributed to​ a combination of factors, including favorable interest rates, government initiatives​ promoting ​homeownership, and a generally positive economic outlook.

national Industry Company Shares Begin Trading at 12 Riyals

Riyadh, Saudi Arabia ⁣- September 4, 2025 – Investors can now trade shares ⁤of the National Industry Company (NIC) on the saudi stock exchange, commencing today, September 4, 2025.The initial ​trading price is set at 12 Saudi Riyals‍ per share, marking a‌ notable milestone for the company and offering new investment opportunities within⁣ the Kingdom’s industrial sector.

The launch of ⁣NIC shares comes as Saudi Arabia continues its economic diversification efforts under⁣ Vision 2030, aiming​ to reduce‌ reliance on oil revenues and foster growth in non-oil⁢ industries. The National Industry Company,a key ​player in[insertNIC’s⁣specificindustry-[insertNIC’sspecificindustry-[insertNIC’s⁣specificindustry-[insertNIC’sspecificindustry-fact needed],is poised to benefit ‍from these initiatives and contribute to the Kingdom’s industrial expansion. This listing provides investors with a direct stake in the company’s future success and the broader progress of Saudi Arabia’s industrial⁣ base.According to data released alongside the launch, initial investor interest is strong, with[insertrelevantdatapoint-[insertrelevantdatapoint-[insertrelevantdatapoint-[insertrelevantdatapoint-fact needed]indicating a positive market reception. ⁣Trading is expected to be ⁤active as investors assess the company’s growth potential⁣ and its alignment with Saudi Arabia’s ⁤long-term economic goals.