Business · Markets · 14 hrs ago
Saudi Tadawul rises 0.45% as real estate deals are announced
Saudi Arabia’s Tadawul index rose 0.45% on Monday, closing at 9,882.85.
Despite the overall gain, more shares fell than rose, with 164 declining and 95 advancing.
The Nomu parallel market fell, while the MSCI Tadawul 30 Index gained.
In Makkah, Umm Al-Qura for Development and Construction agreed to sell three plots for SR441.1 million for three residential towers.
In Al-Khobar, Sumou Real Estate signed agreements with Saudi Downtown to develop two residential projects, including a high-rise tower.
The agreements set a 48-month development period, and Sumou expects the projects to support its results once work begins.
Saudi Arabia’s Tadawul All Share Index rose 0.45 percent on Monday to close at 9,882.85.
The index gained 44.57 points, while trading totaled about 199.8 million shares worth more than SR3.55 billion.
Umm Al-Qura for Development and Construction announced land sale agreements in Makkah worth a combined SR441.1 million.
Sumou Real Estate announced two agreements with Saudi Downtown to develop residential projects in Al-Khobar.
The Nomu parallel market fell 0.19 percent to close at 21,595.28.
- Who
- Saudi Arabia’s Tadawul All Share Index and the companies announcing real estate transactions.
- What
- The index rose 0.45 percent, while Umm Al-Qura announced land sales and Sumou announced two development agreements.
- When
- Monday, November 2, 2026.
- Where
- Saudi Arabia; the announced real estate projects are in Makkah and Al-Khobar.
- Why
- Not stated
This story does not have two clearly opposing sides.
Masar had previously announced signing reservation agreements for three plots in Makkah.
Tadawul advanced 44.57 points to close at 9,882.85.
Umm Al-Qura announced sale agreements for three plots in Makkah for SR441.1 million.
Sumou announced two agreements with Saudi Downtown to develop residential projects in Al-Khobar.
- Tadawul close
- 9,882.85
- Tadawul daily gain
- 44.57 points, or 0.45 percent
- Market trading
- About 199.8 million shares worth more than SR3.55 billion
- Umm Al-Qura land sales
- SR441.1 million for three plots in Makkah
- First Sumou project site
- 28,292 sq. meters in Downtown Al-Khobar
- Second Sumou project site
- 4,827 sq. meters in Downtown Al-Khobar