Tadawul's market capitalisation slipped SAR 8.9 billion, or 0.10%, to SAR 9.299 trillion in the week ended 24 September, from SAR 9.308 trillion a week earlier. Foreign investors cut holdings by SAR 6.23 billion to 4.73% of total market capital, with foreign institutions alone selling SAR 5.55 billion, while Saudi retail investors reduced positions by SAR 14.33 billion and Saudi corporates increased theirs by SAR 13.06 billion.
Since domestic corporate money is now the main source of new investment, a CFO planning a Saudi equity raise should first check interest with local companies before arranging meetings with international investors.
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47,000 new customers in a quarter
Saudi Energy posted H1 2026 revenue up 11% to SR52 billion and net income up nearly 8% to SR6.7 billion, though Q2 net profit fell 7% on higher finance costs. Capital expenditure reached SR39 billion, up 6%. The customer base hit 11.6 million, with more than 47,000 added in Q2; the distribution network grew 5%, transmission 4% and fibre-optic lines 7%. The stock is up over 25% year to date.
47,000 new connections in three months is roughly 500 a day, paid for with capex running near six times profit, the grid is being built ahead of the country that will eventually fill it.
13.99 million insured workers
Saudi Arabia's social insurance scheme covered 13.99 million public and private sector employees at the end of Q2 2026, according to GOSI data. Saudis numbered 3.17 million, or 23%, and expatriates about 10.82 million, or 77%. The private sector accounted for 13.35 million, or 95%, and Riyadh for about 7.24 million. In the quarter, 245,600 people suspended their subscription, 103,400 of them Saudis.
Saudis make up 23% of insured workers, but they account for 103,400 out of 245,600 suspensions. Because of this, a workforce-programme manager should monitor employee exits each quarter just as carefully as new hires.
Bad loans eat eXtra's profit
United Electronics Co. (eXtra) said Q3 2026 net profit fell about 27% to SAR 105 million from SAR 143 million. Profit in its consumer finance segment fell 82.4% as net impairment losses rose by SAR 70.1 million, including a SAR 8 million additional management provision to raise coverage and speed write-offs. Retail profit rose 10.6%, and revenue grew 5.5% to SAR 1.89 billion.
The retail business increased its profit by 10.6%, while consumer finance profit declined by 82.4%. This indicates that eXtra's quarterly results were driven by credit factors rather than consumer demand.
