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Three Saudi stocks listed on the Tadawul have hit all-time lows, with Amlak, SVCP, and Saleh Al Rashed experiencing significant declines. SVCP dropped to SAR 15.94, marking a 40% year-to-date (YTD) loss since its 2007 listing. Amlak fell to SAR 9.09, down 14% from its July 2020 debut, while Saleh Al Rashed hit SAR 44, a 2% decline from its March 2026 listing price. These declines reflect broader market pressures, including weak investor sentiment and sector-specific challenges.
The selloff in these stocks signals growing risk aversion among Saudi equity investors. Traders should monitor how these price movements affect the TASI index, as underperformance in key sectors could amplify market volatility. The sharp drop in SVCP, which has lost 40% of its value since 2007, highlights long-term structural issues in the services sector.
For Gulf investors, the decline underscores the importance of diversification and caution in overvalued stocks. Watch for potential regulatory interventions or corporate actions to stabilize these companies. The performance of newly listed stocks like Saleh Al Rashed also raises questions about market readiness for IPOs in the current environment.
