Saudi Stocks Hit Record Lows: A Comprehensive List
- Saudi Arabia’s stock market, the Tadawul All Share Index (TASI), has experienced a notable downturn, with several listed companies hitting their lowest share prices since their initial public...
- As of today, Sunday, February 9, 2026, several stocks are trading at record lows, according to data compiled by Argaam.
- Among the companies experiencing significant declines are Nice One, Redan, Joof Cement, Al Obikan Glass, Lummy, and Marafq.
Saudi Arabia’s stock market, the Tadawul All Share Index (TASI), has experienced a notable downturn, with several listed companies hitting their lowest share prices since their initial public offerings. The recent weakness reflects broader market anxieties and sector-specific pressures, impacting investor sentiment.
As of today, Sunday, February 9, 2026, several stocks are trading at record lows, according to data compiled by Argaam. This decline comes amidst a challenging period for regional markets, influenced by global economic uncertainties and fluctuations in oil prices. The TASI decreased to a 19-month low of 10487.00 Index Points on February 10, 2026, according to Trading Economics, having lost 5.99% over the past four weeks and 9.14% in November 2025 alone, as reported by Aljazira Capital.
Stocks at Record Lows
Among the companies experiencing significant declines are Nice One, Redan, Joof Cement, Al Obikan Glass, Lummy, and Marafq. The performance of these companies varies, but all have seen substantial drops in share value over the past year.
| Company | Price (SAR) | Performance Over One Year | Listing Date |
| Nice One | 15.98 | -72% | January 2025 |
| Redan | 20.10 | -60% | February 2017 |
| Joof Cement | 5.99 | -51% | August 2010 |
| Al Obikan Glass | 23.83 | -49% | February 2022 |
| Lummy | 45.00 | -41% | September 2023 |
| Marafq | 30.62 | -40% | November 2022 |
The price listed is the lowest recorded during the session and does not reflect the current trading price.
Broader Market Context
The decline in the TASI aligns with a broader trend of increased risk aversion in global markets. While Saudi Arabia’s economy remains relatively robust, This proves not immune to external shocks. The Kingdom’s significant holdings of US Treasuries – totaling $106.8 billion in long-term securities as of January 19, 2026, according to Arab News – expose it to fluctuations in US interest rates and economic performance.
The Saudi stock market has historically been less accessible to foreign investors, but the iShares MSCI Saudi Arabia ETF (KSA) provides a means for international participation. The performance of this ETF mirrors the overall market trend, offering investors exposure to the growth potential of the Saudi economy, but also its inherent risks.
The relatively limited public float of Saudi Aramco – with only 1.5% of shares publicly tradable, as noted in a 2019 report – also contributes to market dynamics. While not directly linked to the current downturn, the restricted liquidity can amplify price movements in the broader market.
The current market conditions underscore the importance of careful investment strategies and risk management. Investors are advised to monitor market developments closely and consult with financial advisors before making any investment decisions.