Assalamu Alaykum,
Welcome to our monthly economic and market update! As we enter a new month, here’s a recap of the key economic and market developments in the Saudi Arabia from March. Let’s get started.
Stock market updates
March was a difficult month for Saudi markets, with both major indices closing lower. The Tadawul All-Share Index dropped by 4.36%, ending at SR11,873, signaling increased market pressure. The Parallel Market Capped Index also declined, falling by 1.97% to close at SR30,635. The broad-based losses reflect growing investor caution and ongoing economic challenges impacting sentiment across the board.
- Saudi Aramco has reduced its crude oil prices for Asian buyers in May to their lowest level in four months. The company cut the price of its Arab Light crude by $2.30 per barrel, setting it at $1.20 above the average of Oman and Dubai prices.
- Sinad Holding Company has successfully completed the purchase of 5% of the capital of Waja Company through a private transaction on March 27, 2025. Waja Company, listed on the Parallel Market – Nomu, specializes in contracting, advertising, communications, and information technology.
- Al-Khaleej Training and Education Company has provided an update regarding its share purchase agreement to acquire 80% of the shares in Adwaa Al-Hedaya Private Schools for Boys and Girls. The acquisition involves issuing one million and six hundred thousand (1,600,000) ordinary shares to the selling shareholder, Ethraa Holding Company, in exchange for their 80% stake in Adwaa Al-Hedaya.
- Saudi Advanced Industries Company (SAIC) has signed a Shariah-compliant credit facility agreement worth SAR 100 million with Alinma Bank. The facility will be used to support the company’s investment expansion plans. This move aligns with SAIC’s strategic objective to diversify and grow its portfolio in accordance with Islamic financial principles.
Top gainer and top loser Halal stocks in Saudi Arabia
Saudi Arabia Economic updates
- Saudi Arabia has launched the fourth round of its Sah savings product for April 2025, offering a return of 4.88% under the Ijarah sukuk structure. Managed by the National Debt Management Center and issued by the Ministry of Finance, Sah is the Kingdom’s first savings bond designed for individuals.
- Saudi Arabia raised SR2.64 billion ($704 million) through sukuk issuances in March 2025, continuing its strategy to tap into debt markets for financing economic diversification under Vision 2030. This latest issuance follows previous ones in February (SR3.07 billion) and January (SR3.72 billion). The March sukuk offering was split into four tranches, with maturities ranging from 2027 to 2039.
- The number of licensed hospitality facilities in Makkah has surged by 80% in 2024, reaching a total of 1,030, according to Saudi Arabia’s Ministry of Tourism. This significant increase positions Makkah as the leading region in the Kingdom for licensed facilities and rooms, reflecting efforts to improve visitor experiences.
- Saudi Arabia’s annual inflation rate remained at 2.0% in February 2025, slightly exceeding the market expectation of 1.9%. Price increases were primarily driven by higher costs in housing and utilities, food and beverages, personal goods and services, restaurants and hotels, and education.
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