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Home » Saudi fintech startup Nqoodlet secures $3 million in seed funding.
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Saudi fintech startup Nqoodlet secures $3 million in seed funding.

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Saudi Stock Market Update: April 2025

Riyadh witnessed a dip in the Tadawul Index on Sunday, experiencing a decline of 132.17 points, which translates to 1.14%, bringing the index to 11,411.50. The trading day was marked by a total turnover of 3.5 billion SR (approximately $944.3 million), indicating significant market activity.

Market Performance Overview

In parallel market activities, the Nominal Market also faced a downturn, losing 116.45 points or 0.41%, closing at 28,013.32. Out of the stocks listed, 30 advanced while 39 retreated, reflecting a mixed performance across the board.

Leading Stocks and Performance Highlights

The MSCI Tadawul Index declined by 20.74 points, a decrease of 1.41%, concluding at 1,451.17. Among the top gainers, Umm al Koran for Development and Construction Co. saw its share price rise by 2.77% to 25.95 SR, positioning it as one of the most efficient performers of the day.

Notable Performers

Other significant stocks included National Industrialization Co., which reported a 2.26% increase in share price to 9.49 SR, and Arabian Contracting Services Co., whose shares rose by 1.69% to reach 132.00 SR.

Biggest Declines

On the downside, Zahrat Al Waha for Trading Co. experienced the most significant drop, with shares falling by 7.05% to 27.70 SR. Similarly, Saudi Automotive Services Co. saw a decline of 5.67%, closing at 61.50 SR, while EMAAR The Economic City saw its equity fall 4.50% to 14.00 SR.

Corporate Financial Results

The financial results for various corporations were also a focal point. Dar Alarkan Real Estate Development Co. revealed a net profit of 209.34 million SR for Q1 2025, marking a 36.2% increase from the previous year, driven largely by rising property sales and improved rental income.

Sector Performance Insights

Despite the overall market dip, several companies showcased resilience. For instance, Saudi Basic Industries Corp. (Sabic) reported a net loss of 1.21 billion SR for the first quarter, a significant decrease from a profit of 250 million SR last year. This decline was attributed to increased raw material costs and strategic restructuring expenses.

With these dynamics, investors are encouraged to closely monitor the evolving market conditions and corporate performances as they continue to shape the investment landscape in Saudi Arabia.

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Fintech startup GoodScore secures $13 million in funding with Peak XV Partners as the lead investor.

October 13, 2025

Fintech startup GoodScore secures $13 million in funding round led by Peak XV Partners.

October 13, 2025

LSEG and Microsoft Enhance AI-Enhanced Access to Financial Information

October 13, 2025
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