Tadawul Group stock slides as oil drags Saudi market; new chairman named
Saudi Tadawul Group shares fell 2.91% to 136.70 riyals Sunday after the board named Mazen Abdulrazzaq Al Romaihas chairman and reported a 40.79% drop in nine-month net profit. The Tadawul All Share Index closed down 1.75% as banks and Saudi Aramco declined. Brent crude lost nearly 20% in 2025, its third annual drop. Saudi Arabia approved a 2026 borrowing plan with financing needs of about 217 billion riyals.
