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SMC Healthcare (4019) Wins SAR 3.8 Billion Ministry of Health Deal Worth 2.5 Times Its Annual Revenue

Corporate

SMC Healthcare (4019) Wins SAR 3.8 Billion Ministry of Health Deal Worth 2.5 Times Its Annual Revenue

Specialized Medical Company (SMC Healthcare, 4019) has won a SAR 3.8 billion Ministry of Health contract to build and operate the SABIC Behavioral Care Specialist Hospital under a 15-year partnership. The award is worth about 2.5 times the company's 2025 revenue and close to 87 percent of its market value, and it runs through a subsidiary SMC owns 51 percent of, with services due to start in January 2027.

Curated · Featured

Brent Drops Through $80 as Hormuz Reopens, and Petro Rabigh Takes the Hit on TASI

Energy

Brent Drops Through $80 as Hormuz Reopens, and Petro Rabigh Takes the Hit on TASI

First Avenue (9610) Approves a 46.34% Bonus Capital Increase as TASI Closes at a One-Month High

Capital Actions

First Avenue (9610) Approves a 46.34% Bonus Capital Increase as TASI Closes at a One-Month High

Shalfa (9613) Wins a SAR 366 Million School-Services Contract, Worth Most of a Year's Revenue

Corporate

Shalfa (9613) Wins a SAR 366 Million School-Services Contract, Worth Most of a Year's Revenue

TASI11,121.13▲ 0.04%

108 adv/142 dec

Movers9540 +9.89%9632 −9.39%9577 +8.87%

as of close · 18 Jun 2026Open terminal arrow_outward

The TASI Spine · Proprietary

The franchise wire can't replicate

Latest

Fed Holds at 3.75% as Iran War Drives 2026 Rate Cuts Off the Table

Macro

Fed Holds at 3.75% as Iran War Drives 2026 Rate Cuts Off the Table

GCC Markets Stage Sharpest Rally in Months as US-Iran Ceasefire Compresses Risk Premium

Geopolitical

GCC Markets Stage Sharpest Rally in Months as US-Iran Ceasefire Compresses Risk Premium

Brent Crashes 13% — Iran Ceasefire Triggers Biggest Oil Rout Since the 1991 Gulf War

Macro

Brent Crashes 13% — Iran Ceasefire Triggers Biggest Oil Rout Since the 1991 Gulf War

Saudi Equities' Bittersweet Signal — TASI Navigates Oil Slump and Geopolitical Relief

Market Analysis

Saudi Equities' Bittersweet Signal — TASI Navigates Oil Slump and Geopolitical Relief

DFM Hits Decade-High as US-Iran Ceasefire Triggers GCC Relief Rally

Geopolitical

DFM Hits Decade-High as US-Iran Ceasefire Triggers GCC Relief Rally

Market Analysis

TASI Market Outlook — April 2026: Earnings Season Takes the Wheel

Renewed outlook for ADX in 2026 - What the top investment banks are saying

Market Outlook

Renewed outlook for ADX in 2026 - What the top investment banks are saying

The movement of Institutional Money in the middle east in March 2026

Institutional Analysis

The movement of Institutional Money in the middle east in March 2026

TASI Market Wrap

11,077.91▼ 1.03%

TASI · Market Wrap

TASI Market Wrap — May 2026: Oil's Worst Month Since 2020, and a Market That Held the Line

TASI Market Wrap

11,187.66▼ 0.78%

TASI · Market Wrap

TASI Market Wrap — April 2026: A Tariff Shock, a Ceasefire, and a Round Trip to Flat

TASI Market Wrap

11,249.54▲ 7.39%

TASI · Market Wrap

TASI Market Wrap — March 2026: War Premium, Oil Windfall, and a Market Finding Its Floor

TASI Market Wrap

10,709.04▼ 4.11%

TASI · Market Wrap

TASI Market Wrap — February 2026: Foreign Access Goes Live, Market Gives Back Ground

Kingdom Holding's SpaceX Stake Is Now Worth $6.83 Billion, and the Stock Fell 6.4% on the News

Markets

Kingdom Holding's SpaceX Stake Is Now Worth $6.83 Billion, and the Stock Fell 6.4% on the News

Aramco Awards a $1 Billion Gas Plant Contract Under Its New Local-Champion Model

Energy

Aramco Awards a $1 Billion Gas Plant Contract Under Its New Local-Champion Model

Saudi Arabia's Biggest IPO of 2026 Collapses as MGC Pulls Its $799 Million Listing Despite Heavy Demand

Markets

Saudi Arabia's Biggest IPO of 2026 Collapses as MGC Pulls Its $799 Million Listing Despite Heavy Demand

Aramco Pays a Record SAR 82 Billion Dividend as TASI Surges 1.3% to 11,115

Markets

Aramco Pays a Record SAR 82 Billion Dividend as TASI Surges 1.3% to 11,115

Oil Jumps 3% as Israel and Iran Trade Strikes, but TASI Holds Its Ground With a 0.4% Gain

Energy

Oil Jumps 3% as Israel and Iran Trade Strikes, but TASI Holds Its Ground With a 0.4% Gain

OPEC+ Adds Another 188,000 Barrels a Day for July, Lifting Saudi Arabia's Quota by 62,000

Energy

OPEC+ Adds Another 188,000 Barrels a Day for July, Lifting Saudi Arabia's Quota by 62,000

Naba Alsaha (9546) Doubles Its Capital to SAR 210 Million With a 1-for-1 Bonus Issue

Capital Actions

Naba Alsaha (9546) Doubles Its Capital to SAR 210 Million With a 1-for-1 Bonus Issue

Dar Al Majed Real Estate (4326) Wins 35% of SAR 2 Billion East Hindawiyah Project in Makkah

Real Estate

Dar Al Majed Real Estate (4326) Wins 35% of SAR 2 Billion East Hindawiyah Project in Makkah

Anmat Technology Wins SAR 314.5 Million Saudi Energy Company Contract, Bigger Than Its Annual Revenue

Corporate

Anmat Technology Wins SAR 314.5 Million Saudi Energy Company Contract, Bigger Than Its Annual Revenue

Brent Holds Near $97 as US Strikes Iran's Qeshm Island and Tehran Fires Missiles at Kuwait and Bahrain

Energy

Brent Holds Near $97 as US Strikes Iran's Qeshm Island and Tehran Fires Missiles at Kuwait and Bahrain

Masqa Investment Sets Nomu IPO Terms: 11.11 Million Shares for a 10% Stake, Subscription Opens June 17

Markets

Masqa Investment Sets Nomu IPO Terms: 11.11 Million Shares for a 10% Stake, Subscription Opens June 17

Umm Al Qura and Makkah Construction Win SAR 6 Billion Hindawiya Development Award in Makkah

Real Estate

Umm Al Qura and Makkah Construction Win SAR 6 Billion Hindawiya Development Award in Makkah

Brent Crude Jumps 5.4% to $96 as US-Iran Ceasefire Talks Collapse and Israel Pushes Into Lebanon

Energy

Brent Crude Jumps 5.4% to $96 as US-Iran Ceasefire Talks Collapse and Israel Pushes Into Lebanon

solutions by stc Signs SAR 484.7 Million Related-Party Contract With Parent stc

Corporate

solutions by stc Signs SAR 484.7 Million Related-Party Contract With Parent stc

Mutlaq Al-Ghowairi (MGC) Sets Saudi IPO Price Range, Seeking Up to SAR 3 Billion for a 30% Stake

Markets

Mutlaq Al-Ghowairi (MGC) Sets Saudi IPO Price Range, Seeking Up to SAR 3 Billion for a 30% Stake

Saudi Ground Services Wins SAR 6.3 Billion Five-Year Saudia Contract, Shares Jump 2.81%

Corporate

Saudi Ground Services Wins SAR 6.3 Billion Five-Year Saudia Contract, Shares Jump 2.81%

Brent Crude Posts Worst Month Since 2020, Falls ~20% From 2026 Peak on US–Iran Truce Hopes

Energy

Brent Crude Posts Worst Month Since 2020, Falls ~20% From 2026 Peak on US–Iran Truce Hopes

Brent Holds Near $95 as Ceasefire Hopes Steady Oil, But Hormuz Flows Remain at 10% of Normal

Market Analysis

Brent Holds Near $95 as Ceasefire Hopes Steady Oil, But Hormuz Flows Remain at 10% of Normal

IMF Slashes MENA Growth to 1.1% as War Disrupts Gulf Energy Exports

Macro

IMF Slashes MENA Growth to 1.1% as War Disrupts Gulf Energy Exports

US and Iran Edge Toward Ceasefire Extension as Hormuz Diplomacy Stalls

Geopolitical

US and Iran Edge Toward Ceasefire Extension as Hormuz Diplomacy Stalls

GCC Equities Defy Oil Logic as Diplomacy Bets Shape Wednesday Pre-Market

Market Analysis

GCC Equities Defy Oil Logic as Diplomacy Bets Shape Wednesday Pre-Market

IEA Flags Historic Oil Supply Shock as Hormuz Flows Collapse 81% Since February

Macro

IEA Flags Historic Oil Supply Shock as Hormuz Flows Collapse 81% Since February

US Naval Blockade of Hormuz Enters Third Day as New Iran Talks Come Into View

Geopolitical

US Naval Blockade of Hormuz Enters Third Day as New Iran Talks Come Into View

Hormuz Remains Effectively Closed as US-Iran Ceasefire Shows First Cracks

Geopolitical

Hormuz Remains Effectively Closed as US-Iran Ceasefire Shows First Cracks

Dated Brent at $131.97 Signals Extreme Physical Oil Market Stress as Hormuz Stays Shut

Macro

Dated Brent at $131.97 Signals Extreme Physical Oil Market Stress as Hormuz Stays Shut

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Oil Crashes 15% as US-Iran Ceasefire Unlocks the Strait of Hormuz

Macro

Oil Crashes 15% as US-Iran Ceasefire Unlocks the Strait of Hormuz