The Saudi Stock Exchange (Tadawul) Holding Company announced the dates for the Saudi Stock Exchange's Founding Day holiday in 2026, reflecting the commitment of financial institutions to important national celebrations and occasions in the Kingdom. According to the official announcement, trading will cease at the close of business on Thursday, February 20, 2026, with the official holiday falling on Sunday, February 22, 2026, corresponding to 5 Sha'ban 1447 AH according to the Umm al-Qura calendar.
Tadawul clarified in its statement that trading on the market will resume normally on Monday morning, February 23, 2026, corresponding to Sha'ban 6, 1447 AH. This early announcement is intended to enable investors and market participants, both local and international, to plan their investment activities in advance and adjust their strategies accordingly during the short suspension period.
Historical background and significance of the founding day
Founding Day is a deeply rooted national occasion celebrated in the Kingdom of Saudi Arabia on February 22nd each year. Established by royal decree in 2022, it became an official holiday commemorating the historical significance of the Saudi state. This day marks the founding of the First Saudi State by Imam Muhammad bin Saud in 1727 CE, with its capital at Diriyah, which formed the initial nucleus of unity and stability in the Arabian Peninsula. The celebration aims to reinforce pride in the Kingdom's historical roots and the close bond between its citizens and their leaders for over three centuries.
Economic impact on the financial market
Although a one-day trading halt is a routine procedure during public holidays, it carries significant economic implications. The Saudi Stock Exchange (Tadawul) is the largest stock market in the Middle East and North Africa region and one of the world's leading emerging markets. Any disruption to its operations affects daily liquidity and leads to the rescheduling of some transactions by institutional investors. However, the scheduled and pre-announced nature of this holiday prevents any sudden market disruptions, as investors adjust their activities accordingly. This halt also reflects the integration of the financial market with the social and cultural fabric of the Kingdom, reinforcing its position as a national institution whose function is not limited to the financial sphere but also includes participation in major community events.
