Saudi Shares Outperform on $1.3 Trillion Private Investment Push

Saudi Arabia’s stock market rose sharply on Wednesday, after the country announced a huge investment push led by Aramco and SABIC. (Reuters file photo)
Saudi Arabia’s stock market rose sharply on Wednesday, after the country announced a huge investment push led by Aramco and SABIC. (Reuters file photo)
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Saudi Shares Outperform on $1.3 Trillion Private Investment Push

Saudi Arabia’s stock market rose sharply on Wednesday, after the country announced a huge investment push led by Aramco and SABIC. (Reuters file photo)
Saudi Arabia’s stock market rose sharply on Wednesday, after the country announced a huge investment push led by Aramco and SABIC. (Reuters file photo)

Saudi Arabia’s stock market rose sharply on Wednesday, after the country announced a huge investment push led by Aramco and SABIC, while other major Gulf markets were mixed.

Crown Prince Mohammed bin Salman said oil firm Aramco and petrochemical firm SABIC would lead 5 trillion riyals ($1.3 trillion) of investments by the local private sector by 2030 under a program announced on Tuesday for economic diversification.

This is part of 12 trillion riyals worth of investments planned by 2030, Crown Prince Mohammed said in televised remarks.

Saudi Arabia’s benchmark index advanced 2.8%, its biggest intraday gain since April last year, as all its banking shares traded higher except for one.

Al Rajhi Bank leapt 5.1%, while Saudi Basic Industries Corp (SABIC) climbed 5.6%. Saudi Aramco closed 2.7% higher.

In Dubai, the benchmark index eased 0.3%, hit by a 0.8% fall in blue-chip developer Emaar Properties and a 2.4% slide in DAMAC Properties.

The Qatari index added 0.2%, with Commercial Bank rising 3.2%.

However, Aamal Company declined over 5%, as the stock went ex-dividend.

Outside the Gulf, Egypt’s blue-chip index fell 1.6%, as most of the stocks on the index retreated including Commercial International Bank, which was down 1.6%.



Saudi Inflation Rate Remains Stable at 2.3% in June 2025

The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
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Saudi Inflation Rate Remains Stable at 2.3% in June 2025

The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025

The General Authority for Statistics (GASTAT) reported that the annual inflation rate in Saudi Arabia remained stable at 2.3% in June 2025 compared to the same month of the previous year.

The Consumer Price Index (CPI) also remained steady at 0.2% in June 2025 compared to May 2025, on a monthly basis.

Similarly, the Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025 compared to the same month last year. However, the WPI decreased by 0.1% in June 2025 compared to May 2025.

According to GASTAT, CPI reflects price changes paid by consumers for a fixed basket of 490 goods and services. This basket was selected based on the results of the 2018 Household Income and Expenditure Survey. Prices are collected through field visits to points of sale, and the CPI statistics are published monthly.