PIF takes remaining stakes in Saudi football’s big four

1

WHAT WE’RE TRACKING TODAY

THIS MORNING: Aramco to supply crude volumes to European refiners

Good morning, folks. We’re closing out the work week with exciting developments in sports, tech, and capital markets. Up first is PIF, which took the last quarter of Saudi football’s big four under its wing. Next up is Saudi Arabia’s relationship with Japan, and how Sony could be investing in the Kingdom’s tech sector. Then we look at the possibility that the Kingdom will raise the foreign cap once again — a move that could bring USD 4.3 bn to Tadawul.

Reassuring

Saudi Aramco told at least three European refiners that they’ll get their full contractual crude volumes for September, Bloomberg reports, citing people familiar with the matter. Two of the buyers will lift from Egypt’s Mediterranean port of Sidi Kreir, and the third was offered a choice of Sidi Kreir, Yanbu, or a ship-to-ship transfer off Malta.

Traders were bracing for the worst. Before the allocations landed, several told Bloomberg they expected Asian buyers to soak up the available Sidi Kreir barrels and leave Europe short. The allocations also arrived about a week later than usual, with Red Sea hostilities scrambling the Kingdom's normal logistics.

Europe needed the reassurance: Gulf flows remain constrained by shipping disruption at the Strait of Hormuz, and the region lost much of its CPC Blend supply last month after drone attacks in the Black Sea.

REMEMBER- Asian refiners were notified earlier this week, and at least two are pushing back on Aramco's request that they load at Yanbu, where Houthi threats have made tankers hard to secure. Crude exports from Sidi Kreir more than doubled to around 2.3 mn bbl / d in August, mostly on Saudi barrels.

The bigger shift: With both main export routes — Hormuz and Yanbu — carrying risk, Aramco is improvising, offering ship-to-ship cargoes from points including Sohar in the Gulf of Oman. This suggests that the Kingdom may be shuttling Gulf barrels out through Hormuz, as the UAE has been doing.

Data point

SAR 36.1 bn — that was the cumulative investment in operational renewable energy projects by the end of 2025, according to Gastat data (pdf). Five new solar projects, with a combined capacity of 5.7k MW, entered operation during the year.

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The big story abroad

The state of US debt has taken top billing on the front pages, after reaching a record USD 40 tn — rising by USD 3 tn over the past year, the fastest ever pace excluding the pandemic years. Rising spending on social programs and interest, compounded by tax cuts, is stoking investor fears of an impending US fiscal crisis. The US Treasury stepped in with measures for long-term bonds, offering some relief to global investor jitters over surging yields.

Over in Silicon Valley, semiconductor group Marvell will help Google develop in-demand custom chips, and has offered the tech giant the right to buy up to USD 12.2 bn in Marvell shares. Companies are turning to in-house chips like Google’s Tensor Processing Units for cheaper AI inference compared to costly Nvidia GPUs.

And in Asian markets: South Korean memory chipmaker SK Hynix announced plans to buy back KRW 40 tn in stock, a move to stabilize its stock price following a steep two-month decline of over 50%. Analysts view the measure as an effort to appease local retail investors upset after new share issuances for the company's US listing diluted their holdings.

In the defense space: JPMorgan Chase co-led a USD 1 bn funding round for missile-making startup Castelion, alongside Andreessen Horowitz and Carlyle. The fresh capital will fund the development of a larger hypersonic strike weapon and a mass-produced air missile defense, signaling blue-chip interest in the booming defense sector.

Meanwhile, in Hollywood: BlackRock’s HPS and Oaktree Capital Management have seized MBS Group, a firm specializing in lighting and rigging for Hollywood films, erasing as much as USD 900 mn in debt. The firms converted debt into around USD 100 mn in equity and agreed to invest USD 40 mn more in the global entertainment provider.

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2

THE BIG STORY TODAY

The PIF is taking the last quarter of Saudi football’s big four

The Sport Ministry has started transferring the 25% stakes held by nonprofit foundations in Al Ittihad, Al Ahli, Al Hilal, and Al Nassr to the Public Investment Fund, while dissolving the foundations' boards, it said in a statement on X. The ministry called this the second phase of the four clubs' ownership transfer, framing it as completing the move toward a structure that raises the clubs’ investment appeal, entrenches corporate governance, and supports long-term growth under the Sports Clubs Investment and Privatization Project.

REMEMBER- The PIF took 75% of the four clubs in June 2023, converting them into companies with the balance held by a nonprofit foundation attached to each club, made up of existing and new club members. Each club board has seven seats: five appointed by the fund and two nominated by the foundation.

What this actually does is clean the cap table. A single shareholder can sell a club outright without negotiating with a member-based body that holds nomination rights, has no obvious valuation, and with no mandate to exit.

The Al Hilal math shows you why now. The PIF sold 70% of Al Hilal Club Company to Kingdom Holding (KHC) in April for SAR 840 mn, on an enterprise value of SAR 1.4 bn and an equity value of SAR 1.2 bn. On the old 75-25 split, that leaves the fund with 5%, yet the fund has consistently said it retains a 30% minority. Folding in the foundation's 25% gets you there exactly.

Who’s next? Al Ittihad, Al Nassr, and Al Ahli, all of which are still fully PIF-controlled and with buyer talks underway at varying stages. Assistant Deputy Minister for Investment and Privatization Ibrahim AlMoaiqel told a London forum in June that 11 club transactions had closed with two more in progress, and that over 40 local and international investors have formally registered interest, motivated by the 2034 World Cup expected windfall.

Sport is notably absent from the PIF’s 2026-2030 strategy priorities. The fund pulled LIV Golf funding after this season and has tightened club budgets by a reported USD 200-400 mn across the SPL. The scale of the reset shows up in the transfer market: league-wide gross spending this summer sits at some USD 57 mn, an average of USD 3.08 mn per club, against the USD 957 mn Deloitte counted in the summer of 2023.

Read those two facts together and today's move looks less like a governance upgrade and more like an exit being prepared at speed. The fund spent three years absorbing losses to build brand value. It now wants private capital to carry the operating cost, and it wants the paperwork simple enough that an agreement can close in a quarter rather than a year.

The valuation benchmark is the uncomfortable part. Al Hilal — the league's most decorated club, with record revenues of USD 340 mn (SAR 1.27 bn) in 2024-2025 — went at an EV of roughly 1.1x revenue. European clubs with comparable turnover trade at several times that.

What to watch: Extraordinary general assemblies and new board appointments at the four club companies; GAC filings on any Al Ittihad, Al Nassr, or Al Ahli transactions; and whether the ministry says anything about what replaces the foundations.

3

BUSINESS

Sony wagers on Saudi’s next tech chapter

Expanding partnership? Trade between Saudi Arabia and Japan remains heavily weighted toward energy, with Japan importing bns of USD worth of Saudi crude and petroleum products each year, while the Kingdom imports Japanese vehicles, machinery, equipment, and steel. But the two countries are increasingly expanding their partnership beyond energy into AI, digital transformation, gaming, space, and advanced technologies.

The Sony brand has been part of Saudi Arabia’s consumer technology landscape for more than five decades, evolving alongside the Kingdom’s changing market and increasingly tech-savvy consumers. At the intersection of this long-standing relationship is Hassan Obaidan, an executive committee member of the Saudi Japanese Business Council, who has worked with Sony through Modern Electronics since 1999.

We spoke with Obaidan to talk about the evolution of Sony’s presence in the Kingdom, the prospects and challenges shaping Saudi Arabia’s rapidly changing consumer market, and the technologies set to transform businesses and jobs. He also discusses the growing economic and technological ties between the two countries, the role of AI in Sony’s products, and the importance of taking a long-term approach to building successful businesses and partnerships.

E: How did your professional journey with Sony begin?

Hassan Obaidan (HO): My relationship with Sony started in 1999 through Modern Electronics, the official distributor of Sony products in Saudi Arabia. Throughout my career, I have had the opportunity to witness how the Sony brand has evolved while maintaining a focus on innovation, quality, and consumer experience.

What initially attracted me was Sony's ability to combine technological excellence with products that connect with people's everyday lives. Over time, that relationship developed into a deeper appreciation of Sony's long-term vision, customer-centric approach, and commitment to bringing meaningful innovations to the Kingdom.

E: Does Japan still view Saudi Arabia primarily as an energy supplier, or has it come to see the Kingdom as a long-term investment and technology partner?

HO: Today, the relationship between Japan and Saudi Arabia extends far beyond energy. While energy remains an important pillar of the relationship, both countries increasingly view each other as strategic partners across a broad range of sectors, including technology, innovation, manufacturing, entertainment, and human capital development.

This evolution is reflected in the growing cooperation between Japanese and Saudi organizations and in the increasing alignment between Saudi Arabia's Vision 2030 ambitions and Japan's strengths in advanced technology and innovation. My involvement with the Saudi Japanese Business Council also reflects the importance of strengthening these long-term economic and technology partnerships.

From Sony's perspective, the Kingdom represents an important market with significant long-term potential, driven by a young population, strong digital adoption, and a clear national vision for innovation and transformation.

E: What distinguishes the Saudi market? What are the greatest challenges companies may face, and what are the main obstacles to expansion?

HO: Saudi Arabia is one of the most dynamic and rapidly evolving markets in the region. The Kingdom has a young, digitally connected population with high levels of technology adoption and a strong appetite for innovation.

For companies looking to grow, success requires more than simply introducing products into the market. Consumers increasingly expect local relevance, strong after-sales support, seamless retail experiences, and products that align with their lifestyle needs. Providing customers with multiple touchpoints is also increasingly important, whether through physical showrooms where they can experience products firsthand or through e-commerce platforms, including sonyworld.sa, which offer convenience, exclusive promotions, membership benefits, and access to a broad range of products and services.

The biggest challenge is often adapting quickly to changing consumer expectations, while maintaining operational excellence and long-term investment in the market. Companies that take a long-term view, build strong local partnerships, and remain close to the needs of Saudi consumers are best positioned for sustainable growth.

E: Which technologies or trends do you believe will transform businesses and jobs in the future?

HO: AI will undoubtedly be one of the most transformative technologies across industries. We are already seeing AI enhance productivity, personalize user experiences, and improve decision-making across both consumer and enterprise environments. This is evident in Sony’s efforts to integrate AI into products such as televisions, cameras, and audio devices to create smarter and more immersive experiences.

AI-driven technologies have been seamlessly integrated into Sony’s products. In Home Entertainment, our BRAVIA TVs are equipped with Sony’s proprietary XR Processor. This technology goes beyond conventional AI and analyzes the content and recreates pictures the same way humans see in the real world, bringing creators’ intent to life.

In digital imaging, Sony’s advanced AI capabilities enable our cameras to recognize and track various fast-moving subjects, including people, animals, and vehicles. This intelligent automation optimizes autofocus and exposure settings, ensuring the best possible shot in every situation.

Beyond AI, technologies related to digital content creation, immersive entertainment, gaming ecosystems, cloud services, and advanced automation will continue to reshape how people work and interact with technology.

Tags:

4

CAPITAL MARKETS

Foreign cap hike could bring USD 4.3 bn to Tadawul

Inflows back in play: The prospect of raising foreign ownership limits in the stock market is back in focus following the appointment of Mazen Al Sudairi, (LinkedIn), as chairman of the Capital Market Authority’s board. The move is expected to raise the foreign ownership cap to 75% and could attract around USD 4.3 bn in additional inflows, with potential inflows rising to USD 7.4 bn if restrictions are fully removed, according to AlArabiya, citing Morgan Stanley’s report.

Tight window for MSCI: Any change would need to take effect before MSCI’s October price cutoff to be reflected in its November index review, according to Morgan Stanley. That makes the coming weeks critical for potential changes to Saudi stocks’ foreign inclusion factors and index weights.

Al Rajhi is the biggest beneficiary: Al Rajhi Bank could see the largest impact, with estimated additional inflows of USD 2.1-4.6 bn, depending on the regulatory scenario, according to the report.

ALSO- A higher cap could deepen market liquidity and give global investors greater room to build positions in Saudi-listed companies.

Opening step: Foreign investors currently face an aggregate ownership limit of 49% in most listed Saudi companies, excluding strategic investors. Raising the ceiling to 75% would mark a significant shift in the Kingdom’s market-opening efforts, while removing restrictions altogether would represent a more fundamental change to the structure of the Saudi equity market.

REMEMBER- Saudi equities face weaker liquidity and broader geopolitical uncertainty. TASI fell 1.95% in July to 10,590 points, while trading value dropped 20% y-o-y to SAR 86.1 bn. The CMA, meanwhile, is reportedly investigating the weak performance of recent IPOs and scrutinizing investment banks’ advice on pricing and allocations.

5

ALSO ON OUR RADAR

Nofoth to eat a piece of Plenty Food, No more salary floors for Saudi project managers

Nofoth is set to acquire a 65% stake in Plenty Food

Nofoth Food Products agreed to acquire a 65% stake in Plenty Food for SAR 52.7 mn through a sales and purchase agreement, with an additional contingent consideration of up to SAR 3.25 mn, taking the total potential value of the transaction to SAR 56 mn, according to a Tadawul disclosure. The acquisition is aimed at expanding Nofoth’s food brand portfolio, strengthening its position in healthy food, and creating operational and commercial synergies.

More in the pipeline: The company, which transitioned to Tadawul in January, previously inked a non-binding MoU to acquire a 70% stake in Al Waal Al Bari Beverages. The transaction remains subject to the outcome of due diligence, required regulatory and contractual approvals, and final binding agreements.

No more salary floors for Saudi project managers

The government removed the Saudization salary requirement for project management jobs. Saudi Arabia lifted the SAR 6k minimum salary regulation for locals to count toward Saudization quotas in project management professions, the Human Resources Ministry’s Director General of Business Sectors Localization Ayman Shokr told Asharq Business (watch, runtime: 6:09).

Saudi Arabia aims to give employers more freedom to set their own standards. The salaries for these roles have already surpassed the threshold, with the intention of letting employers set their compensation in line with market conditions, he added.

The Kingdom also just raised the Saudization rate for project management roles to 70%, effective February 2027. Private sector employers have been given a six-month grace period to recruit and complete hiring before the new rate takes effect. This applies to private sector entities employing three or more workers working as a project management manager, project management engineer, or project management specialist.

Why it matters: The change gives private employers more flexibility to set pay based on skills and market conditions, while easing compliance for firms employing three or more project management professionals. It will also allow Saudization to reflect an actual headcount instead of relying on outdated salary measures, helping implement better recruitment strategies to reach the 70% target.

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PLANET FINANCE

OpenAI’s 2Q revenue growth trails Anthropic as losses widen

OpenAI just posted the kind of quarter that disappoints some shareholders, even as the company continues to grow at a substantial scale. The AI research and tech company behind ChatGPT saw losses deepen and its operating margin worsen in 2Q. The top line rose 18% q-o-q to USD 6.7 bn, up from USD 5.7 bn, while its operating loss widened to USD 12.3 bn, up 32% from USD 9.3 bn, The Wall Street Journal reports.

How the competition fared: Anthropic, the AI firm behind Claude, more than doubled its top line to USD 11.6 bn over the same period and swung to a small operating income, marking the first quarter it outpaced its older rival.

The reshuffle upstairs doesn’t help the optics: CRO Denise Dresser is out after less than a year, joining former COO Brad Lightcap and product chief Fidji Simo (who was once seen as a possible successor to sitting CEO Sam Altman) on the list of executives who left ahead of a much-anticipated IPO.

REFRESHER- OpenAI said on June 8 that it had recently submitted a confidential S-1 registration statement for a potential US IPO while stressing that it has not determined a listing timetable. Reuters had previously reported that the company was targeting a valuation of up to USD 1 tn and that a debut could come as early as September. In late June, Reuters reported that OpenAI was considering delaying its public debut until 2027, citing a New York Times report. Reuters also said CFO Sarah Friar told some associates that the company was aiming for a 2027 listing.

None of this changes the fact that Abu Dhabi’s MGX is an OpenAI investor. One quarter of slower revenue growth and deepening losses does not itself determine the durability of a USD 852 bn valuation. But it raises the question of whether OpenAI can sustain the growth needed to support that valuation, particularly as Anthropic has overtaken it on quarterly revenue.

Qatar’s QIA is an Anthropic investor, having first invested in September 2025 and increased its stake in the company’s USD 30 bn Series G financing. Meanwhile, MGX has investments in OpenAI, xAI, and Anthropic. What MGX is exposed to is execution risk across multiple leading AI companies, right as Anthropic — which reported a small operating income in the quarter and faster revenue growth from a smaller base — has strengthened its competitive position.

(** Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

MARKETS THIS MORNING-

Asian markets made notable gains in early trading, with South Korea’s Kospi gaining 4.8%, followed by Japan’s Nikkei at around 1.3%. The gains coincide with news of US Treasury bond buybacks and SK Hynix’s stock repurchase.

TASI

10,926

+0.1% (YTD: +4.2%)

MSCI Tadawul 30

1,468

+0.1% (YTD: +5.8%)

NomuC

21,573

-0.1% (YTD: -7.4%)

USD : SAR (SAMA)

USD 3.75 Sell

USD 3.75 Buy

Interest rates

4.25% repo

3.75% reverse repo

EGX30

54,513

-1.4% (YTD: +30.3%)

ADX

10,006

-0.9% (YTD: +0.1%)

DFM

5,842

-0.3% (YTD: -3.4%)

S&P 500

7,708

+0.2% (YTD: +12.6%)

FTSE 100

10,743

+0.1% (YTD: +8.2%)

Euro Stoxx 50

6,444

-0.4% (YTD: +11.2%)

Brent crude

USD 91.62

+0.7%

Natural gas (Nymex)

USD 2.78

-1.3%

Gold

USD 4,576

+0.7%

BTC

USD 69,749

+8.0% (YTD: -20.4%)

Sukuk/bond market index

912.80

+0.2% (YTD: -0.7%)

S&P MENA bond & sukuk

150.53

-0.3% (YTD: +0.9%)

VIX (Fear gauge)

14.89

-6.0% (YTD: -0.4%)

THE CLOSING BELL: TADAWUL-

The TASI rose 0.1% yesterday on turnover of SAR 3.7 bn. The index is up 4.2% YTD.

In the green: AFG International (+10.0%), Methanol Chemicals (+7.7%), and Tabuk Agricultural Development (+4.6%).

In the red: Almasane Alkobra Mining (-4.4%), The Power and Water Utility Company for Jubail and Yanbu (-3.6%), and Saudi Aramco Base Oil (-2.6%).

THE CLOSING BELL: NOMU-

The NomuC fell 0.1% yesterday on turnover of SAR 21.2 mn. The index is down 7.4% YTD.

In the green: Naf Company for Feed for Industry (+10.7%), Taqat Mineral Trading (+9.7%), and Sure Global Tech (+7.8%).

In the red: International Human Resources (-8.9%), Al Mohafaza Company for Education (-7.7%), and Waja (-7.7%).

7

My morning routine

My Morning Routine: Ahmed Al Muhaysini, CEO and founder of Al Muhaisni Real Estate

Ahmed Al Muhaysini (LinkedIn) began his entrepreneurial journey at just 15, when financial hardship pushed him to work in an auto shop to help repair his family’s car. What started as a necessity became an early lesson in understanding customers, solving problems, and reading the market — principles that would later shape more than two decades of entrepreneurship.

In our My Morning Routine interview this week, Al Muhaysini reflects on the experiences that shaped his entrepreneurial philosophy, the changing dynamics of Saudi Arabia’s real estate and investment markets, and the prospects emerging across technology, infrastructure, tourism, logistics, and specialized services. He also discusses the company’s investment program, its approach to financing and expansion, the future of the Ezhalha super app for car services, and his ambition to build an institutional Saudi business ecosystem that can grow beyond its founder.

EnterpriseAM: How did your entrepreneurial journey begin, what were the biggest obstacles you faced, and how did you overcome them?

Ahmed Al Muhaysini (AA): My story began when I was 15 years old, when the family car was involved in an accident and we couldn’t afford the cost of repairing it. My father had passed away, and I didn’t receive any family or financial support from anyone in my early years. So I worked at a workshop in exchange for reducing the cost of the repair. That was when I began learning the trade, understanding customers’ needs, and reading the market from the inside.

Over time, I discovered that every problem can be a chance if you know how to find the right solution. The beginning was simple, funding was limited, and experience was scarce, but I learned that true capital isn’t just money. It is learning, hard work, the ability to execute, and perseverance.

I believe that, ultimately, success and good fortune come from God alone, followed by hard work, dedication, and making the most of chances. One of the greatest fortunes I am proud of is that I was born in the Kingdom, as it opens the doors to prospects and gives ambition plenty of room to grow and succeed.

In 2019, I received the award for Best Self-Made Entrepreneurial Personality in Saudi Arabia. It is an honor I am proud of because it represents the story of starting from scratch and building through hard work, before the companies and the broader business ecosystem took shape.

Today, when I look back on the journey, I find that the greatest thing we have built isn’t just companies and projects, but a team of talented professionals who have become true partners in every achievement we accomplish.

E: When did you first become involved in the real estate sector? How do you assess the current phase of the Saudi market, and where do you see the biggest potential chances?

AA: I entered the real estate sector in 2009. From the beginning, my interest went beyond buying and selling to include property management, marketing, and providing integrated services around assets.

The Saudi real estate market today is going through a different phase, in terms of regulation, growth, and opportunities. It has become more mature and professional. Chances are no longer limited to development and sales, but also lie in asset management, property management, operations, specialized real estate services, and proptech.

I believe the future belongs to those who can build an integrated real estate ecosystem that brings together real estate, technology, and operations while creating real value for owners, investors, and end users.

E: Tell us about the investment program launched by the company. Where did the idea come from?

AA: The idea came from over 20 years of experience in building businesses, and from the conviction that a chance alone isn’t enough. What matters more is choosing the right one, studying the market, and building a model capable of sustaining itself. That is why we want our role to go beyond financing. We bring expertise, management, technology, marketing, relationships, and access to the market.

We look for businesses that address a genuine problem, have a clear market, and are led by a team capable of execution.

E: Which sectors do you believe offer the greatest growth opportunities in Saudi Arabia over the coming years?

AA: I see significant chances in real estate, real estate services, technology, infrastructure, tourism, hospitality, logistics, industries, and specialized services.

But more important than choosing the sector is choosing the problem we want to solve. The Saudi market is full of possibilities, and success will belong to those who can provide a better, faster, or more efficient service and turn it into a scalable model. So, the biggest chances will be in companies that can combine specialization, technology, and actual operational capabilities.

E: After over 20 years in entrepreneurship, what has changed in the cost of establishing, financing, and growing companies? Has competition become tougher?

AA: Establishing companies today is much easier than it was in the past, thanks to the development of regulations, technology, financing, and the broader ecosystem supporting entrepreneurship.

But competition has become stronger, and that is a positive development. The market today doesn’t reward simply having a company. Customers are more sophisticated, investors are more discerning, and companies are required to prove their ability to deliver real results. The next phase, I believe, will see a shift from simply establishing companies to building Saudi companies capable of competing regionally and globally.

E: To what extent do you rely on self-financing for expansion, and are you considering bringing in investors, strategic partners, or taking the company public?

AA: Self-financing has been a fundamental part of my experience from the beginning, and many projects were financed through the returns generated by other ventures. As the group has expanded, we have adopted a more institutional approach to financing and are not closing the door on investors or strategic partners.

However, any partner must add real value, whether through capital, expertise, technology, or access to markets. As for going public, that is a strategic decision linked to the company’s readiness, governance, and growth, rather than an objective in itself. What matters to us is that the organization is ready for this type of partnership and that the decision serves the long-term interests of the company and its shareholders.

E: The Ezhalha app was a major starting point in your experience in technology and services. How do you view its future amid increasing competition?

AA: For me, Ezhalha is an experience that has demonstrated that when technology is connected to a real problem, it can transform the way a service is delivered.

Competition is greater today, and that is natural. I see it as a catalyst for development rather than an obstacle. The future will belong to platforms that offer a strong customer experience, a genuine operational network, effective technology, and a team capable of continuously innovating and improving.

E: What are your ambitions for the coming years?

AA: After delivering over 10 mn services to customers across different sectors, my ambition is no longer simply to own a larger number of companies. I aspire to build an institutional and sustainable Saudi business ecosystem that can continue and grow without being tied to the founder as an individual. I want the group to have a genuine economic impact through investment, job creation, empowering talent, and developing services.

E: Is there anything you would have done differently if you could go back in time?

AA: Absolutely. I would have focused on governance and building institutional systems much earlier. In the early stages, entrepreneurs are focused on sales, growth, and solving day-to-day problems. But as you expand, you discover that systems are more important than individuals, and that the team, governance, and processes are the foundation of sustainability.

I still don’t regret the mistakes because they were part of the real learning process. Much of what I learned came from the market and from the decisions that succeeded as well as those that did not.

E: How do you start your day, and what habits do you maintain to stay focused and productive?

AA: Waking up early, because a calm start to the day helps organize my thoughts and set my priorities before the pressure of work begins.

ALSO- I rely heavily on the Pareto 80/20 Principle. I focus on the things that generate the greatest results and delegate any task that someone else can perform efficiently. I believe a leader’s role is to build a team capable of accomplishing a great amount without them.

This is one of the things I learned as the group grew. The more successful you are at building stronger leaders and giving them the trust and space they need, the more you can focus on bigger decisions and future prospects.

A piece of advice that stuck: Never be ashamed of starting again. But this time, don’t start from zero. Start from experience. Start with everything you learned and every loss in which you didn’t lose yourself. Return more aware, less impulsive, knowing what you want — and, more importantly, knowing what you do not want.

What he’s reading: I enjoy books that change the way you think. Some of the books I have benefited from include Good to Great, Start with Why, and Zero to One.


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.

29 November-1 December (Sunday-Tuesday): The Global Logistics Forum, King Abdulaziz International Convention Centre, Riyadh.

Signposted to happen sometime in 2026:

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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