Houthi blockade leaves Riyadh in a bind

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WHAT WE’RE TRACKING TODAY

New multiple-entry Umrah visa allows 90-day cumulative stays

Good morning, friends. Today’s most pressing (and escalating) story is the Houthi naval blockade on Saudi Arabia, which has already forced Saudi crude-laden vessels to turn around. The Yemeni militia warned shipping companies that any vessels using Saudi ports could be targeted anywhere within range of its forces. Riyadh faces a high-stakes dilemma: while silence risks projecting weakness and a full military response could spark a wider war.

That said, the show must go on. Alrashid Properties took on the full lifecycle of Knowledge Economic City's mixed-use Multaqa Residences. Over in the healthcare sector, Fakeeh Care finalized its SAR 1.6 bn acquisition of Al Fagih, diversifying its customer base to include out-of-pocket and lower tier ins. clients.

A new multiple-entry visa is here

The Hajj and Umrah Ministry launched a multiple-entry Umrah visa, allowing holders to enter the Kingdom multiple times for a cumulative stay of up to 90 days, state news agency SPA reports. The new visa is valid for one year from the date of issue, with pilgrims required to purchase a services package from an approved Nusuk provider for each trip that doesn’t exceed their remaining eligible stay.

Riyad Bank issues SAR 5 bn slice of sukuk program

Riyad Bank has launched a SAR 5 bn public sukuk offering, opening the subscription window for retail and institutional investors, under its SAR 10 bn AT1 sukuk program, according to a Tadawul disclosure. The issuance’s final size will be determined after the offer period, with subscription running from 21 July to 3 August.

The details: The perpetual sukuk carry a fixed annual return of 6.5%, payable quarterly, and are priced at their par value of SAR 1k apiece, with a minimum subscription of one sukuk. Riyad Bank may redeem the sukuk from the fifth year onward, subject to the terms and conditions of the issuance.

REMEMBER- Riyad Bank set up its sukuk program this month, aiming to issue perpetual shariah-compliant capital instruments as needed to support its capital base and liquidity management.

US advances Saudi uranium enrichment

US President Donald Trump signed off on a 30-year US-Saudi civil nuclear agreement, clearing the Kingdom’s path towards domestic uranium enrichment, the Wall Street Journal reports. The accord — worth USD tens of bns — grants US companies an exclusive role in developing nuclear infrastructure in Saudi Arabia, including a provision to potentially set up a uranium enrichment facility subject to a joint study.

One more approval required: The agreement faces impending congressional review, where it may face pushback from lawmakers opposed to Middle Eastern nuclear advancement. It will be difficult to block the agreement as overriding a potential presidential veto requires a two-thirds majority.

Catch up quick: Despite being fully negotiated in October, progress on the accord reportedly stalled amid the US-Iran war — ostensibly launched to curtail Tehran’s nuclear program — and anticipated congressional pushback over enrichment provisions and relaxed IAEA oversight. A draft Saudi agreement reportedly permitted limited enrichment and replaced standardized IAEA inspections with a bilateral US-Saudi safeguards arrangement.

Data point

11.4% — that’s how much the operating revenue Index rose y-o-y in May. Mining and quarrying posted the strongest increase at 38.7%, followed by financial and ins. activities (12.9%), manufacturing (9.6%), wholesale and retail trade (3.6%), and construction (2.5%). On a monthly basis, the index rose 2.0%, supported by gains in mining and quarrying, information and communication, wholesale and retail trade, and financial services

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The big story abroad

No single story is dominating the front pages this morning, though a few updates are making headlines.

Israel has pulled back its forces from southern Lebanon as a US-brokered truce takes effect. The truce is premised on Beirut exerting military authority over Iran-backed Hezbollah forces. This coincides with Lebanese President Joseph Aoun’s sit-down with US President Donald Trump yesterday, the first summit between the two nations' heads of state in roughly 20 years.

SpaceX is gearing up to unlock as much as USD 116 bn in stocks, as insider trading restrictions lift on 6 August, marking one of the largest share unlocks in history. The window allows early backers and private market buyers to exit with substantial returns, while potentially creating liquidity for short sellers to capitalize on bearish momentum.

LSE open 24/7? The London Stock Exchange revealed a plan to launch a separate venue offering overnight trading in 1H 2027, which will initially be open to funds tracking the UK and US markets. The move is being billed as a way to wrest attention from 24-hour crypto platforms.

Houthi disruption leaves Saudi with little choice

The Houthi blockade against Saudi Arabia is moving forward, and it’s leaving Saudi with little options, none of which is ideal.

Saudi cargoes are already turning around: Two supertankers loaded with Saudi crude — the Xin Long Yang, carrying 2 mn barrels to China, and the Rodos, with about 700k barrels for India — made U-turns in the Red Sea and set course for the Suez Canal rather than run the Bab Al Mandeb gauntlet, Reuters reports. A third, the New Prime, turned back off Oman before it entered the Red Sea at all.

Behind the reroutings: The Houthis’ Sanaa-based Humanitarian Operations Coordination Center wrote directly to shipping companies, telling them not to load or discharge at any Saudi port and warning that vessels which do could be targeted “in any location” within reach of its forces. That is the executive translation of Monday’s declaration, Aseel Al Aranki, research and analysis department manager at River Prime, tells EnterpriseAM.

It also settles the argument over whether the Houthis can mount a blockade by showing the debate misses the mechanism. “They just have to shoot at ships passing their coastline,” Khalij Economics director Justin Alexander tells EnterpriseAM. Around 10 crude tankers a day pass through Bab Al Mandeb, the group holds the Yemeni coast along it, and owners and ins. price that threat and reroute on their own.

REMEMBER- We flagged the first tremor yesterday, when war risk premiums on the run more than doubled overnight. The premium is hardening into physical decisions to stay out of the strait, which is what a working embargo actually looks like.

The detour is expensive, and it quietly remaps where Saudi barrels land. Sending laden supertankers up to Suez rather than out through Bab Al Mandeb adds weeks to Asia-bound voyages and forces the largest ships to offload part of their cargo — pumped through Egypt’s Sumed pipeline to the Mediterranean — before they can transit the canal.

The squeeze runs past crude: With Hormuz down, the Red Sea now carries the bulk of the Kingdom’s imports as much as its exports, Alexander says, so a sustained disruption reaches inputs, consumer goods, and food — not only oil receipts.

The real question now is what Riyadh does, and it is a genuine dilemma, Al Aranki argues. Silence in the face of a declared blockade risks reading as weakness, and the Saudi-led coalition has already warned it will answer with “force” and begun putting protective measures around its ships in the strait. But a hard military response risks widening a US-Iran war into a multi-front regional one that pulls in Yemen, she notes.

The options: Hold to the containment and diplomatic condemnation the Kingdom has run so far; hit Houthi naval and missile capability in limited, targeted strikes on the Sanaa-Abha pattern without declaring open war; internationalize the problem, pressing the US and UK to shoulder the protection of the sea lane as they did in the last Red Sea crisis; or enter the war outright — the costliest path, and the hardest to justify while a truce is still in reach.

Her read: Riyadh is being pushed toward a limited reaction: “There is a difference between defending direct interests — ports, tankers, oil fields — which economic and deterrence logic makes unavoidable, and becoming a direct party to the US-Iran confrontation, which the Kingdom has no reason to choose while diplomacy has room to run,” Al Aranki says. But every further escalation shrinks that margin, “especially repeated targeting of oil infrastructure or vital ports,” and makes a policy of response-without-war harder to sustain, she warns.

BACKGROUND- The blockade is the Houthis’ answer to a 13 July airstrike on the runway of Sanaa's airport. Yemen's internationally recognized government claimed it, saying the target was an IRGC-linked jet carrying a Houthi delegation home from the Iranian supreme leader's funeral. The Houthis blame Riyadh and answered with missiles and drones on Abha airport in the south of the Kingdom, breaking a four-year lull. It sits inside a war that has only escalated as US and Iranian forces traded fire for a tenth straight night this week, and Tehran had pressed the group to choke the Red Sea if Washington kept striking Iranian infrastructure.

What’s next

The mediation track is the fastest way out, precisely because the Houthis’ leverage is tethered to the wider war. A Pakistani- and Qatari-brokered de-escalation between Washington and Tehran would lift the threat faster than anything Riyadh can do at sea.

Short of that, watch two things: whether the reroutings harden into a standing discount on Saudi crude as buyers price the longer haul, and whether the Kingdom, Iraq, and the UAE accelerate the new overland pipelines they have been exploring to move oil out without touching the sea lanes — the only real structural fix, and one still measured in years.

A political solution for the Yemeni conflict and the suffering it wrought is also long overdue. “More attention is needed to address Yemen’s longstanding problems, both for its own sake and to mitigate this ongoing threat to shipping,” Alexander adds.

KEC signs developer-funded agreement for its Multaqa Residences

Knowledge Economic City (KEC) is looking to unlock SAR 5 bn in value from one of its Madinah land parcels without putting up the development capital. The company signed a development agreement with Alrashid Properties for Multaqa Residences, a mixed-use project comprising residential units, branded residences, and commercial space, according to a Tadawul filing. Per the agreement, Alrashid funds, builds, and sells. KEC keeps the land and a share of the upside.

The site: Multaqa Residences sits on King Abdulaziz Road within the Multaqa Al Madinah development, overlooking Multaqa Mall and the surrounding hospitality cluster. The 149.5k-sqm site has been valued at SAR 9k per sqm, implying a total value of around SAR 1.35 bn, compared with its SAR 94 mn book value.

How the partnership works: Alrashid takes on the full lifecycle — design, engineering, financing, construction, marketing, sales, delivery, and maintenance — and will fully fund the estimated SAR 2.6 bn development cost, excluding the land. It will also manage the escrow account and deliver the project under Saudi Arabia’s Wafi off-plan sales framework. KEC, meanwhile, stays as master developer, retains ownership of the land throughout, and handles subdivision and title transfer. Any proceeds above an agreed benchmark will be shared between the two companies, with total revenue expected to reach SAR 5 bn.

Construction is expected to take 54 months, with extensions possible under certain conditions.

Why it matters: The agreement gives KEC a way to monetize its land bank without taking on construction or financing risk. Rather than selling the land outright, it keeps ownership while sharing in the project’s returns, preserving capital for other developments. This capital-light model could be one KEC turns to more often — especially since it remained in the red in 1Q 2026, posting a net loss of SAR 15.4 mn despite an 8.7% y-o-y increase in revenue to SAR 55.4 mn.

REMEMBER- KEC’s former CEO Hazem Elbanna previously told us that Multaqa Al Madinah — home to the Multaqa Residences project — is one of the developments it is preparing for international buyers and said it is updating its sales, regulatory, and customer onboarding processes ahead of the rollout.

Al Fagih is now a Fakeeh subsidiary as SAR 1.6 bn acquisition closes

Fakeeh Care wraps up Al Fagih acquisition: Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) completed its SAR 1.6 bn acquisition of Dr. Mohammed Bin Rashed Al Fagih & Partners Co. (Al Fagih), according to a Tadawul disclosure. Al Fagih has been consolidated as a wholly owned subsidiary, giving Fakeeh Care its second hospital in Riyadh.

What the acquisition adds: The acquisition diversifies Fakeeh’s customer base by bringing in more patients who pay out of pocket and those covered by lower-tier ins. plans, adding to its existing focus on VIP and premium-insured patients. It also adds a 350-bed hospital in central-east Riyadh to Fakeeh Care’s portfolio, pushing total capacity to 535 beds across a two-site cluster.

REFRESHER- Fakeeh Care received the regulator’s go-ahead for the allcash transaction last month. The company absorbed stakes from Dallah Healthcare (31.21%), founder Mohammed Rashid Al Fagih (18.2%), and minority shareholders (50.6%). Shortly after, Fakeeh secured SAR 2.2 bn across two shariah-compliant credit facilities — SAR 1.25 bn from Saudi National Bank and SAR 950 mn from Saudi Awwal Bank.

Fakeeh has been on an acquisition run: The company took a 50.01% stake in Saudi teleradiology provider Diagnostic Elite for SAR 70 mn in December 2025 and bought Dubai-based MediCentres from Everest Health Investments for an undisclosed sum in January 2025.

It’s a sector-wide expansion spree: Dallah has been on its own M&A run for years — acquiring Kingdom Hospital, Makkah Medical Center, Al Salam, and most recently, Al Ahsa. Meanwhile, National Medical Care stitched together Jeddah’s Chronic Care Specialized Medical Hospital and Makkah’s Jiwar Medical Center. Furthermore, Sulaiman Al Habib and Mouwasat are scaling mostly organically with new builds in Riyadh, Dammam, and beyond.

Saudi lenders’ 2Q earnings growth spans flat to 14%

Saudi lenders rolled out their 2Q results. Al Rajhi led the pack with 14% net income growth on stronger financing income. Aljazira and SNB also posted healthy earnings gains as income growth outpaced costs. Elsewhere, provisioning told the story. Alinma’s earnings were held back by higher expected credit-loss charges, while SAB’s bottom line got a lift from a near-total collapse in provisions, masking weaker operating income.

SNB keeps the momentum going

Saudi National Bank (SNB) posted a 7.6% y-o-y increase in net income to SAR 6.6 bn in 2Q 2026 as broad-based income gains fed through to the bottom line, it said in a Tadawul filing. Total financing income inched up 1.3% y-o-y to SAR 11.7 bn, and total investment income grew 2.7% to SAR 3.7 bn.

What lifted the books: Operating income climbed 11.3% y-o-y, running well ahead of the modest gross-income growth. The lift came from higher net special commission income, a 34% jump in investment gains, and stronger exchange income, with costs holding nearly flat.

The half tracked the quarter. Net income rose 7.2% y-o-y to SAR 13 bn, driven by financing income of SAR 23.1 bn (up 2.8%) and investment income of SAR 7.1 bn (up 0.9%). Earnings were lifted by the same drivers seen in the second quarter plus a 1.5% cut in operating expenses over the six months.

Financing income lifts Al Rajhi’s bottom line

Al Rajhi Bank reported a 14% y-o-y increase in net income to SAR 7 bn in 2Q, it said in a Tadawul filing. Total financing income rose 7.6% y-o-y to SAR 12.1 bn, while investment income edged down 0.8% to SAR 2.4 bn.

What drove the quarter: Operating income rose 13.3% y-o-y on higher financing and investment income, banking fees, and exchange income, leaving plenty of room to absorb a 19.4% increase in operating expenses and a 46.8% y-o-y hike in provisions to SAR 881 mn.

1H told a similar story: Net income rose 14.2% y-o-y to SAR 13.8 bn in 1H 2026, underpinned by a 9.9% increase in financing income to SAR 24.4 bn. Investment income was broadly flat, easing 0.4% y-o-y to SAR 4.6 bn.

Lower provisions lift SAB’s bottom line

Saudi Awwal Bank’s (SAB) 9.6% y-o-y rise in net income to SAR 2.3 bn in 2Q rested largely on a near-total drop in provisions rather than operating strength, according to its Tadawul disclosure. Total financing income grew 4.4% y-o-y to SAR 4.5 bn, while total investment income fell 5.2% to SAR 1.1 bn.

What lifted the books: A sharp drop in expected credit loss charges — down 97.7% y-o-y to SAR 5 mn from SAR 216 mn — did most of the heavy lifting, alongside a lower tax bill boosted by a refund on government sukuk holdings. Operating income actually fell 1.6% as weaker exchange income, fee income, and FVOCI gains more than offset higher net special commission income.

1H tells a milder version of the same story. Net income rose 3.6% y-o-y to SAR 4.4 bn, with financing income up 3.9% to SAR 8.9 bn and investment income down 2.4% to SAR 2.3 bn — again leaning on a lower provision charge, though 1H operating income essentially flatlined.

Dividends: The bank will distribute SAR 2.1 bn in dividends for 1H 2026, equivalent to SAR 1 per share by Thursday, 13 August.

Alinma Bank’s provisions eat its upside

Alinma Bank’s net income edged up 1.4% y-o-y to SAR 1.6 bn in 2Q 2026 as a jump in provisions all but wiped out solid income growth, according to a Tadawul filing. The bank’s total financing income grew 7.7% y-o-y to SAR 3.95 bn, while total investment income rose 7.8% to SAR 635.1 mn, both on higher lending and investment volumes. Stronger FVSI income added to the total, though softer fee, exchange, and other operating income pulled the other way.

A bigger cushion, thinner bottom line: Provisions for expected credit losses jumped 42.2% y-o-y to SAR 400 mn, which Alinma ties to growth in the financing and investment portfolio. The charge more than doubled against the prior quarter — up 157% q-o-q — which is why net income barely moved despite top-line gains.

SOUND SMART- Provisions, or expected credit losses, are funds banks set aside for loans they may not recover. Under accounting rules, banks recognize these expected losses upfront rather than waiting for a default. Provisions can rise either because credit risk has increased or because the bank’s loan book has grown.

The half was stronger than the quarter. 1H net income rose 6.2% y-o-y to SAR 3.27 bn on financing income of SAR 7.76 bn (up 7.6%) and investment income of SAR 1.24 bn (up 7.3%) — the 2Q provision spike is what pulled the quarterly figure below the half-year pace.

Dividends: The bank will distribute SAR 746.3 mn in dividends for 2Q 2026, equivalent to SAR 0.25 per share by Monday, 17 August.

Aljazira grows despite higher expenses

Aljazira Bank saw its net income grow 15.9% y-o-y to SAR 442.8 mn in 2Q as earnings growth outpaced higher costs, according to its Tadawul disclosure. Total financing income grew 10.4% y-o-y to SAR 1.8 bn, while total investment income rose 28.9% to SAR 561 mn. Higher financing and investment income, FVSI gains, and dividend income outweighed weaker fee and exchange income, while rising staff costs and depreciation lifted expenses.

The pattern held over six months. Net income rose 14.1% y-o-y to SAR 847.9 mn in 1H 2026, supported by a 9.6% rise in financing income to SAR 3.5 bn and a 17.5% climb in investment income to SAR 1.1 bn.

A sports venue management arm from Surj + THC order dozens of helicopters and jets

Surj officially launches its sports management JV radia: The Public Investment Fund’s Surj Sports Investment partnered with ticketing giant Live Nation and sports developer Oak View to launch sports venue management joint venture, according to a press release. The venture will be led by CEO Xavier Campbell (LinkedIn), who will oversee its market entry and long-term growth strategy.

The details: Radia will offer end-to-end venue services spanning design review, operational planning, development oversight, operations and commercialisation, with a focus on digital capabilities, fan engagement and sustainable venues.

We knew this was coming: Surj was in discussions with Live Nation and Oak View regarding radia since April. The JV was expected to focus on promoting Saudi-hosted music events to global audiences and may extend to sports tournaments.

THC order dozens of helicopters and jets

PIF-owned helicopter operator The Helicopter Company placed orders for dozens of helicopters and jets. The company ordered eight Airbus H145 helicopters under a framework signed with Airbus in 2024, according to a press release. The aircrafts are scheduled for delivery between 2027 and 2028.

The original agreement covers up to 120 Airbus helicopters of various types over a three-to-five-year period. The H145 helicopters will support THC's expanding emergency medical services and other mission-critical operations across Saudi Arabia.

More in the pipeline: The operator ordered 11Leonardo AW139 helicopters under a framework agreement signed with Leonardo in 2024, according to a LinkedIn announcement. It also signed a letter of intent with Bombardier to place a firm order for 12 business jets, with options to acquire a further 48 aircraft, potentially expanding its fleet to 60 jets, according to another announcement.

Operator Kease joins Bonsai in the build

Kease will take exclusive control of operations at the Bonsai Residential Complex in Riyadh, managing the project on behalf of its owners while the complex is still under construction, the two companies said in a press release (pdf) announcing the partnership. The complex runs to roughly 219 units, a person familiar with the matter tells EnterpriseAM.

Built as a yield product rather than end-user housing, Bonsai targets investors looking to buy compact units and rent them out as serviced, hotel-style apartments, our source says. The pitch relies heavily on location, leveraging proximity to the Riyadh Metro and King Salman Park, which the press release flags as a draw for corporate and tourist demand.

Bringing the operator in before completion is the point. Kease integrating its management systems during construction means it will work with the developer on layouts, access systems, and features such as self-check-in, while providing investors with projected returns before handover. That’s a shake-up from the usual Saudi model in which an owner buys a unit and only then hires a manager.

The math: Our source put Saudi rental yields above 8% a year against roughly 4% on SAR deposits. That, they said, is high enough for developers to build to operate rather than sell.

China’s quant funds post their worst week in more than two years on AI-stock reversal

China’s quantitative hedge funds just had their worst week in more than two years as a sharp reversal in AI-linked stocks turned the industry’s most crowded trade against it. The 73 funds built to beat the small-cap CSI 1000 fell an average 14% in the week ended 17 July, Bloomberg reports.

Marquee names took the brunt: A CSI 1000 fund run by DeepSeek founder Liang Wenfeng’s High-Flyer, which oversees more than USD 10 bn, dropped 15.7%. Beijing’s HanTak lost an estimated 16.1%, while BlackWing’s stock strategy shed 19.39%, its steepest fall since launch.

That’s a violent turn for strategies sold as safe. Some of these managers returned north of 50% last year, drawing a rush of affluent investors during China’s property slump and equity malaise. Even before the drawdown, Chinese quants’ average excess return had thinned to 3.5% in 1H — down more than 10 percentage points y-o-y — as the AI rally made diversified books hard to beat.

The damage was crowding: Momentum and beta factors had pushed both traditional and machine-learning models into the same AI-linked small-caps. When overseas chip shares sold off and spillover weakness hit China, fresh inflows dried up and managers rushed for the same exits, with deleveraging deepening the slide, E Tiger’s investment director Li Minghong told Bloomberg. Volatility ran about 50% above last year, and factors that normally offset one another fell together.

Why it matters: This is an early, real-money stress test of the AI-bubble worry markets have been circling and a reminder that “market-neutral” holds only until everyone owns the same book.

What’s next: State-backed buying drove a Tuesday rebound, and the CSRC is signaling tighter scrutiny of quant and AI-linked trading. The near-term risk to watch is earnings from AI companies, where a miss could trigger a broader correction, according to private fund manager Lingjun Investment.

MARKETS THIS MORNING-

Asian markets opened higher this morning, echoing the rebound on Wall Street. South Korea’s Kospi led regional gains with a 6% gain, while Japan’s Nikkei traded up 2% as investors appeared to shrug off concerns over escalating regional war.

TASI	10,699	-0.4% (YTD: +2.0%)
MSCI Tadawul 30	1,432	-0.4% (YTD: +3.3%)
NomuC	22,188	+0.2% (YTD: -4.8%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	4.25% repo	3.75% reverse repo
EGX30	53,990	+1.6% (YTD: +29.1%)
ADX	9,785	+0.4% (YTD: -2.1%)
DFM	5,812	+0.3% (YTD: -3.9%)
S&P 500	7,509	+0.9% (YTD: +9.7%)
FTSE 100	10,586	+0.6% (YTD: +6.6%)
Euro Stoxx 50	6,286	+0.9% (YTD: +8.4%)
Brent crude	USD 91.46	+0.5%
Natural gas (Nymex)	USD 2.89	+0.8%
Gold	USD 4,098	+0.5%
BTC	USD 66,408	+1.6% (YTD: -24.2%)
Sukuk/bond market index	900.79	-1.1% (YTD: -2.0%)
S&P MENA Bond & Sukuk	150.91	-0.1% (YTD: -0.7%)
VIX (Volatility Index)	17.05	-8.6% (YTD: +14.1%)

THE CLOSING BELL: TADAWUL-

The TASI fell 0.4% yesterday on turnover of SAR 4.5 bn. The index is up 2.0% YTD.

In the green: Aldrees (+6.3%), Alistithmar REIT (+6.2%), and Gulf Ins. Group (+5.9%).

In the red: Abo Moati for Bookstores (-6.7%), Saudi Enaya Cooperative Ins. (-5.6%), and Takween (-4.9%).

THE CLOSING BELL: NOMU-

The NomuC rose 0.2% yesterday on turnover of SAR 11 mn. The index is down 4.8% YTD.

In the green: Leen Alkhair (+9.7%), Ladun Investment (+8.1%), and National Signage Industrial (+3.5%).

In the red: Time Entertainment (-10.2%), Dar Almarkabah (-8.6%), and Aqaseem Factory for Chemicals and Plastics (-7.7%).

CALENDAR

AUGUST

30 August-1 September (Sunday-Tuesday): Saudi Paper and Packaging Expo, Riyadh International Convention & Exhibition Center.

31 August-3 September (Monday-Thursday): Leap Tech Conference, Riyadh Exhibition & Convention Center - Malham.

SEPTEMBER

8-10 September (Tuesday-Thursday): The WTM Spotlight Riyadh, Riyadh Front Exhibition & Conference Center (RFECC), Riyadh.

15-17 September (Tuesday-Thursday) The Global AI Summit, King Abdulaziz International Convention Center, Riyadh.

23 September (Wednesday): Saudi National Day.

28 September-1 October (Monday-Thursday): The International Conference on Theory and Practice of Electronic Governance (ICEGOV), Prince Sultan University, Riyadh.

OCTOBER

25-26 October (Sunday-Monday): The Global Proptech Summit, Mandarin Oriental Al Faisaliah Hotel, Riyadh.

26-28 October (Monday-Wednesday): ACHEMA Middle East, Riyadh International Convention & Exhibition Center.

26-29 October (Monday-Thursday): The Future Investment Initiative, King Abdulaziz International Conference Center, Riyadh.

28-29 October (Wednesday-Thursday): Procurement and Supply Chain Futures Forum, Mandarin Oriental Al Faisaliah Hotel, Riyadh.

28-29 October (Wednesday-Thursday): Real Estate Supply Chain Forum, Mandarin Oriental Al Faisaliah Hotel, Riyadh.

30 October-1 November (Friday-Sunday): The New Global Sport Conference, Sofitel Hotel & Convention Centre, Riyadh.

NOVEMBER

11-12 November (Wednesday-Thursday): Aluminum Arabia, The Arena, Riyadh.

16-19 November (Monday-Thursday): Cityscape Global, Riyadh Exhibition and Convention Centre (Malham), Riyadh.

29 November-1 December (Sunday-Tuesday): The UN Trade and Development Global Supply Chain Forum, Riyadh.

Signposted to happen sometime in 2026:

2H: Sabic’s USD 6.4 bn Fujian project in China to start production;
November: The Esports Nations Cup, Riyadh;
The World Economic Forum’s Global Collaboration and Growth Meeting, Jeddah;

2027

FEBRUARY

1-3 February (Monday-Wednesday): Energy Regulators Regional Association annual conference, Riyadh.

MARCH

21-25 March (Sunday-Thursday):The World Water Forum, Riyadh.

22–24 March (Monday-Wednesday): Capital Markets Forum, Four Seasons Hotel, Riyadh

APRIL

26-29 April (Monday-Thursday): World Energy Congress, Riyadh.

JUNE

1-3 June (Tuesday-Thursday): The Saudi Entertainment and Amusement Expo, Riyadh Front Exhibition and Conference Center.

Signposted to happen sometime in 2027:

The Ocean Race finishes in Amaala on the Red Sea;
Riyadh-Kudmi transmission line to be completed;
Aero Middle East and Sand & Fun takes place in Thumamah Airport, Riyadh.

Signposted to happen sometime in 2Q 2027:

The Hail Region Water Networks Project is expected to be completed.

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