Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.29%

Saudi Arabia's stock market closed lower, with the Tadawul All Share index declining by 1.12%. This downturn reflects negative sentiment in the market as trading concluded on November 16, 2025. Investors are likely to be monitoring the situation closely as the market reacts to various economic factors.

Saudi Arabia's Public Investment Fund (PIF) has divested from nine American companies, including Visa and Pinterest, ahead of Crown Prince Mohammed bin Salman's visit to the White House. This strategic move reflects the PIF's ongoing adjustments in its investment portfolio as it navigates international relations and market dynamics.

Saudi Arabia has reportedly reduced salary premiums for foreign talent, according to recruiters. This change reflects a shift in the country's approach to attracting skilled workers from abroad. The decision may impact the competitiveness of Saudi Arabia in the global job market as it seeks to diversify its economy and reduce reliance on oil. Recruiters have noted that this scaling back could lead to challenges in attracting top talent, which is essential for the country's development goals.

Saudi Arabia, heavily reliant on oil revenue, is identified as a significant obstacle to climate action. The kingdom's citizens are already experiencing a climate crisis described as being 'at the verge of livability.' This situation raises questions about the implications of Saudi Arabia's financial dependency on fossil fuels and its impact on global climate initiatives.