Saudi Awwal Bank, Alinma Bank wrap up debt issuances, Arab National Bank to follow

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Oxagon phase 2 to move forward later this year

Good morning, ladies and gents. We say goodbye to August and welcome September, hoping the worst of the scorching heat wave is already behind us. The expected summer lull is bringing about a calm issue today, led by banks like Saudi Awwal and Alinma completing debt issuances, with more gearing up to tap the market. Let’s dive in.

HAPPENING TODAY-

Today is the last day for businesses subject to VAT with more than SAR 40 mn in annual revenues to file their July tax returns, the Zakat, Tax, and Customs Authority said in a statement last week. Late submissions may incur fines ranging from 5-25% of the declared taxes.

WEATHER- Thunderstorms and heavy rain are expected today in Jazan, Asir, and Makkah, with lighter showers in Najran, Madinah, Riyadh, Al Baha, Hail, and Eastern Province.. Riyadh can expect a high of 42°C and a low of 31°C, while Jeddah will see temperatures peak at 40°C and drop to 33°C. Makkah's forecast is a high of 42°C and a low of 32°C.

WATCH THIS SPACE-

Deme gears up for Oxagon phase 2: Belgium-based dredging and marine infrastructure contractor Deme Group is preparing to begin cutter suction dredging later this year for the second phase of Neom’s Oxagon, after it advanced dry earthworks at the site, according to the company’s 1H 2025 financial statement (pdf).

REFRESHER- A consortium that includes Deme Group and Dutch EPC contractor Archirodon was awarded the dredging contract in December 2023 for the second phase of transformation work at the port of Neom in Oxagon, the nearly USD 50 bn floating port city located near the Suez Canal, set to serve as amajor logistics and industrial center.

PIF-owned aircraft lessor AviLease currently has 105 aircraft in its order book, mainly of the Airbus A350 freighter model, slated for delivery after 2030 along with the Boeing 737 order, CEO Ted O’Byrne told Bloomberg on Friday (watch, runtime: 04:43)

Looking forward, AviLease aims to be one of the top 10 in the industry by more than doubling its balance sheet to USD 20 bn by 2030. This growth will be driven by direct investments and M&A agreements, such as the acquisition of Standard Chartered's aircraft leasing arm in November 2023, O’Byrne said.

AviLease’s portfolio: Launched three years ago, the lessor has a portfolio of about USD 8 bn, comprising up to 200 aircraft leased to 50 airlines in 30 countries. The firm targets expanding its footprint to include the US, India, and Asia, with the main focus on Saudi Arabia, which holds 20% of its booked aircraft.

Defense minister meets with top Ukrainian officials: Prince Khalid bin Salman bin Abdulaziz and National Security Adviser Musaad bin Mohammed Al Aiban held talks in Riyadh with the Ukrainian President’s Chief of Staff Andriy Yermak and Head of National Security and Defense Council Rustem Umerov, focusing on peace scenarios in Ukraine and the Kingdom’s role, Reuters reported on Wednesday.

REMEMBER- Saudi Arabia hosted the planned US and Ukraine talks in Jeddah in March to support efforts ensuring “lasting peace in Ukraine.”

OIL WATCH-

Saudi Arabia could lower October crude prices for Asia: Aramco is expected to cut October’s official selling price (OSP) for Arab Light bound to Asia by USD 0.40-0.70 a barrel from September, bringing it to a range of USD 2.50-2.80 a barrel above the Oman-Dubai benchmark, Reuters reports, citing a survey of five refining sources. The OSPs for Arab Extra Light, Arab Medium, and Arab Heavy are also expected to fall by USD 0.40-0.60 a barrel for the month.

REMEMBER- Aramco raised the price of its flagship Arab Light crude bound to Asia by USD 1 a barrel for September deliveries, taking the premium to USD 3.20 per barrel above the Oman-Dubai benchmark. September was the second consecutive month where the Kingdom hiked prices, signaling confidence in the strength of demand.

Elevated Saudi prices have slowed buying in Asia, with refiners in China turning to cheaper Russian crude and other Asian buyers sourcing more US barrels. Indian state refiners also resumed Russian purchases, adding further pressure on spot prices. Refiners told Reuters that a sizable price cut may be required for Saudi crude to regain demand.

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THE BIG STORY ABROAD-

Fed governor Christopher Waller said he wants rate cuts to begin as of next month’s meeting, which he expects will deliver a 25 bps rate cut, though he did not completely dismiss the possibility of a bigger cut if employment data — out next Friday — shows a substantially weakening economy alongside contained inflation. (Reuters | Financial Times)

SPEAKING OF- The US’ economy grew at 3.3% in 2Q 2025, faster than expected on the back of healthy consumer spending and a drop in imported goods. (WSJ)

ALSO- The US ended the de minimis tariff exemption on small packages valued at USD 800 or less, potentially shaking up the e-commerce sector, with several already suspending deliveries of small packages or raising prices. (Bloomberg).

BUT- Tariffs hit a snag: A US court of appeals ruled on Friday that President Trump’s aggressive trade agenda is overstepping his presidential authority. The ruling blocks sweeping tariffs on all imports from countries, but does not affect tariffs on specific industries like steel, aluminum, and autos.

CLOSER TO HOME- Israeli airstrikes on Yemen killed Houthi’s Prime Minister Ahmed Al Rahawi and several political leaders on Thursday, the rebel group confirmed yesterday, vowing to take revenge. The news comes as Hamas also confirmed yesterday the death of military chief Mohammad Sinwar.

Sab, Alinma wrap up issuances + ANB readies AT1 sukuk

Regulatory capital issuance in the Kingdom shows no sign of slowing down, with Saudi Awwal Bank (Sab) and Alnima Bank raising USD 1.75 bn through their USD-denominated sustainable issuances. Meanwhile, Arab National Bank (ANB) is gearing up to issue sustainable sukuk under its international AT1 program.

#1- Sab raised USD 1.25 bn via its USD-denominated T2 green bond issuance, it said in a disclosure to Tadawul on Thursday. The offering was issued under the bank’s medium-term note program and was open to both local and international investors. This comes a little under a month after Sab closed a SAR 2 bn local AT1 perpetual sukuk offering.

About the bond: The 10-year notes, callable after five years, are priced with an annual return of 5.947%. The issuance comprised 6.25k notes at USD 200k each. The Reg S-compliant issuance will be listed on the London Stock Exchange’s International Securities Market.

ADVISORS- The bank appointed our friends at HSBC and Mashreq as joint lead managers, alongside Goldman Sachs International, Abu Dhabi Commercial Bank, Citigroup, DBS, Emirates NBD, Mizuho International, and Société Générale.

#2- Alinma Bank closed a USD 500 mn sustainable AT1 issuance, it said in a disclosure to Tadawul on Thursday. The perpetual certificates were offered to local and international investors under the bank’s AT1 capital certificate program. This comes a little over a month after Alinma closed a USD 500 mn sukuk issuance.

The deets: The certificates were priced with an annual return of 6.25% and are callable after 5.5 years. The issuance comprised 2.5k notes at USD 200k each. The Reg S-compliant certificates will be listed on the London Stock Exchange’s International Securities Market.

ADVISORS- Alinma tapped Abu Dhabi Islamic Bank, Alinma Capital, Dubai Islamic Bank, Emirates NBD, Goldman Sachs International, JP Morgan Securities, and Standard Chartered as joint lead managers.

ALSO- ANB is planning a USD-denominated sustainable AT1 sukuk under its international AT1 program, it said in a disclosure to Tadawul on Thursday. The issuance will target eligible local and international investors. Proceeds will support Tier 1 capital and align with the bank’s sustainable finance framework. The size and pricing will be set at a later stage, depending on market conditions.

ADVISORS-ANB Capital, Arqaam Capital, Citigroup Global Markets, Crédit Agricole Corporate and Investment Bank, Deutsche Bank, HSBC, Kamco Investment, Merrill Lynch International, SMBC, and Standard Chartered are tapped as joint lead managers and bookrunners.

Saudi firms back energy projects in Syria via spree of agreements

Syria taps Saudi for energy development: Saudi companies inked six MoUs and an agreement with Syria’s Energy Ministry covering electricity, oil and gas, and renewables as the Kingdom pushes to expand corporate involvement in Syria’s energy sector, according to a statement by the Energy Ministry.

Acwa steps in: Acwa Power signed an agreement with the Syrian Ministry to conduct studies for solar and storage projects of up to 1 GW and wind projects with a capacity of 1.5 GW. The agreement also covers evaluating Syria’s existing power plants, proposing rehabilitation or development options, and conducting technical studies on grid stability.

Oil and gas agreements: Taqa and Ades Holding signed two MoUs on integrated solutions for oil and gas field development and management. Arab Drilling Company inked an MoU covering oilfield services, drilling, maintenance, and technical training. Meanwhile, Arabian Geophysical and Surveying Company signed an MoU for geophysical and geological surveys.

On the electricity front: The Saudi Electricity Company signed an MoU covering power generation, transmission, distribution, and technical consulting. Saudi Electricity Project Development Company signed another MoU focusing on engineering and consulting, as well as power transmission and distribution projects.

REMEMBER- Saudi Arabia and Syria signed an MoU to formalize their energy-sector partnership, covering joint efforts and knowledge exchange in areas of oil and gas and electricity to support Syria’s development.

Residential market shows stability, maturity in 2Q -JLL

The Kingdom’s residential market showed increased maturity in 2Q 2025, with Riyadh in the lead, according to JLL 's KSA Living Market Dynamics 2Q 2025 report. The capital posted a double-digit growth in sales prices, with villas soaring 15.1% y-o-y and apartment prices increasing 13.3% y-o-y. The rental market also followed suit, as villa rents climbed by 13.9% and apartment rents rose by 6.9%, while the total sales volume witnessed a slight 1.5% decline in transactions.

On the contrary, Jeddah and the Dammam Metropolitan Area reported weak performance in 2Q. Jeddah’s villa prices increased 4.4%, while apartment prices dipped 3%. Meanwhile, villa rentals slipped 2.8%, while apartment rentals increased by 2.4%. Residential transactions volume climbed 46.1% y-o-y to 1.1k contracts, indicating a highly active market in Jeddah.

On the other side of Dammam, prices in Al Khobar jumped annually by 2.2% in villas and by 5.8% in apartments. Apartment prices remained stable as a result of the sufficient supply in Dammam city, while villa prices saw a 1.8% rise. Annual sales transaction volumes diverged, with Al Khobar surging 23.7% y-o-y, while Dammam retreated 6.7%, driven primarily by apartment sales in both cities.

How supply fared: Riyadh’s housing supply reached about 2.2 mn units, following the delivery of 5.6k units in 1H 2025, with nearly 19k units expected by year-end. Jeddah's supply grew to over 1.2 mn, with 8.6k more units set to be delivered before 2026 begins.

Drivers: The increasing maturity is driven by Vision 2030 projects and a shift towards affordable apartments. The foreign ownership law, set to be implemented starting next January 2026, is also expected to attract international developers and investors, Country Lead and Head of Capital Markets at JLL Saudi Arabia Saud Al Sulaiman, said.

Thob Al Aseel taps Khaled Al Omar as CEO

Thob Al Aseel appointed Khaled Alomar (LinkedIn) as CEO, stepping into the role permanently after serving as acting CEO since February, it said in a disclosure to Tadawul on Thursday. Alomar brings more than 25 years of experience in management, operations, and sales. He previously worked as COO at Al Jedaie Fabrics for Thob Al Aseel and held several senior leadership roles focused on business development and project management.

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ALSO- Wealth management platform Vennre appointed Ibrahim Almojel (LinkedIn) as Chairman of its board of managers in the Kingdom, it said in a press release (pdf) last Tuesday. Almojel, who co-founded Khwarizmi Holding and previously served as CEO of Saudi Industrial Development Fund, brings extensive experience in sovereign finance, capital markets, and industrial development. He currently sits on the boards of Hassana Investment, Saudi National Bank, Awqaf Investment Company, STC, and the Saudi Exim Bank.

SPL shifts from spending to sustainability

Privatization of football clubs and Saudi Pro League (SPL) spending caught the attention of the foreign press, with CNBC shedding light on the bns of USD spent to bring home global stars from Europe, such as Cristiano Ronaldo, in a bid to compete with big leagues. With spending easing from USD 1 bn in 2023 to USD 486 mn this year, the strategy has recently shifted toward privatization, part of Vision 2030 of economic diversification.

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

The Public Investment Fund and the Sports Ministry target widening SPL’s annual revenue to USD 480 mn by 2030. They are reportedly mulling selling their stakes in the big four clubs, as the PIF has already “done the initial investment” of building infrastructure and forming a squad that will attract interest, Kieran Maguire, Finance of Football podcast host, told the news outlet. Privatization brings home global networking of foreign investors, making the SPL an attractive destination for global stars, Kristian Coates Ulrichsen, a Middle East fellow at the Baker Institute, told CNBC.

CNBC highlighted the shift that began with three clubs sold to private entities, beginning with Al Kholood, which was acquired by US-based Harburg Groups in July. The news outlet hosted Al Kholood’s new owner Ben Harburg (watch, runtime: 05:48), whose main financial focus is to break even from the start. The strategy is to make money by developing young local talent and selling them to bigger clubs, along with attracting global talent to the club also before selling them, Harburg said.

Meanwhile, Reuters spoke with SPL CEO Omar Mugharbel about the newly launched financial regulations aiming for sustainable financial growth through privatization. Mugharbel referred to the growing revenue from both the league and individual clubs, the SPL’s progressively younger squads (with an average age of 26 years) and the smaller squad sizes (25 players instead of 30 previously) — all boosting local talents in the league.

Saudi and Hong Kong boost investment collaboration with new MoU

INVESTMENT WATCH-

The Kingdom signed an MoU with the Belt and Road Office of Hong Kong to strengthen ties, work on new collaboration areas, and draw investments in key sectors, Investment Minister Khalid Al Falih said on X yesterday. The agreement was signed during a visit by Al Falih to Beijing that saw him meet with Chinese Commerce Minister Wang Wentao to discuss scaling bilateral trade, capital markets cooperation, and joint ventures in new energy and industrial supply chains.

DATA POINT- Saudi attracted USD 35.5 bn in energy-related investments and USD 7.2 bn in construction investments under the Belt and Road Initiative in 1H 2025.

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

TECH-

HPE + AMD roll out new Saudi-made servers: US-based server maker Hewlett Packard Enterprise (HPE) expanded its locally-manufactured Saudi-made server with two new models — the ProLiant DL365 and DL385 Gen11 — powered by AMD’s latest EPYC processors, it said in a press release on Wednesday.

More details: The servers are being assembled at the Alfanar facility in Riyadh and are the first AMD-powered machines to roll off the Saudi production line. They will be sold in the Kingdom, Jordan, Egypt, and Gulf markets, expanding on the company’s initial launch of locally-made servers in February 2024. The move will also be paired with launching training programs to develop local talent, including a majority female workforce.

M&A WATCH-

DHL eCommerce finalized its acquisition of a minority stake in Saudi Arabia-based AJEX Logistics Services, it said in a press release. Information about the size and value of the transaction wasn’t made public. The partnership gives DHL a direct foothold in the Kingdom’s parcel delivery market, while Ajlan & Bros Holding Group-owned AJEX gains access to DHL’s global e-commerce network. The agreement also grants DHL representation on the management board, while giving it the option to lift its holding to a majority stake further down the line.

ICYMI- DHL first disclosed plans for the investment earlier this year, without revealing financial terms. AJEX has been busy expanding its regional footprint, clinching storage space in nearby Bahrain last year, as well as partnering with Turkish Airlines subsidiary logistics firm Widect to cooperate on e-commerce shipping and last-mile solutions.

MANUFACTURING-

Indian pharma manufacturer Shilpa Medicare set up a joint venture in the Kingdom with local firm Pharma Industries and Biological Products (PPI), combining PPI’s knowledge of the Saudi market with Shilpa’s experience in research, development, and manufacturing, Al Arabiya reported on Thursday. PPI will hold a 70% stake in the new company, while Shilpa’s UAE arm Koanna will own the remaining 30%.

DEBT WATCH-

ArabiaIns.Cooperative reached a SAR 250 mn final settlement with Cenomi Centers for the ins. claim related to the Dhahran Mall fire incident back in May 2022, it said in a Tadawul disclosure on Thursday.

London’s IPO drought deepens as Frankfurt, Zürich pull ahead

London’s IPO pipeline is running dry, with just GBP 8.8 bn raised in IPOs and follow-ons in 1H 2025 — the weakest inflation-adjusted tally in three decades, the Financial Times reports. Only three IPOs have landed on the main market this year, pulling in just USD 208 mn, compared to USD 16.7 bn raised by this point in 2021, Reuters reports.

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

REMEMBER- Despite post-Brexit reforms, years of equity outflows since 2016 have left London trailing rivals. The UK ranked just 20th globally for IPO proceeds in 2024, far behind the UAE (5th), Saudi Arabia (7th), and Oman (14th). The Middle East alone accounted for over half of global IPO volumes, while London raised only USD 1 bn, down 9% y-o-y. The city also lost 45 firms to delistings and takeovers.

IPO action is also shifting to continental Europe. Frankfurt and Zürich are preparing for a September wave, with expected listings from Germany’s Stada, Ottobock, Deutsche Börse’s ISS Stoxx unit, and Switzerland’s Swiss Marketplace Group. “These listing locations have the potential to become trailblazers for Europe,” Markus Meier, Bank of America’s head of equity capital markets in Germany, told Reuters.

With IPO mandates scarce, city firms are leaning on other business lines. Panmure Liberum now generates more than half of its revenue from advisory work, up from just a quarter in 2021. Peel Hunt has also seen research revenues rise as investment banking fees fell.

Others are arranging so-called “private IPOs” for private equity clients. These are structured secondary placements that mimic floats, but never reach the open market. Secondary sell-downs in London reached GBP 14.6 bn last year — more than double 2023 levels.

While stopgap transactions keep bankers busy, they tend to be shorter, lower-fee mandates that rarely match the scale of a full IPO — both a blessing and a drawback. “IPOs are a lot of work and have a lot more banks and big syndicates [to split fees between]… but if you do a big equity placing it’s actually less work and pretty profitable for the time you put in,” one senior banker told the FT. IPOs are also valued for the longer-term client relationships they help secure.

TASI	10,732	-0.7% (YTD: -10.8%)
MSCI Tadawul 30	1,385	-0.7% (YTD: -8.3%)
NomuC	26,304	+0.5% (YTD: -16.4%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	5.0% repo	4.5% reverse repo
EGX30	35,727	+0.1% (YTD: +20.1%)
ADX	10,095	-0.2% (YTD: +7.2%)
DFM	6,064	-0.3% (YTD: +17.5%)
S&P 500	6,460	-0.6% (YTD: +9.8%)
FTSE 100	9,187	-0.3% (YTD: +12.4%)
Euro Stoxx 50	5,352	-0.8% (YTD: +9.3%)
Brent crude	USD 67.48	-0.7%
Natural gas (Nymex)	USD 3.0	+1.8%
Gold	USD 3,516	+1.2%
BTC	USD 108,870	+0.4% (YTD: +16.5%)
Sukuk/bond market index	911.81	+0.1% (YTD: +1.1%)
S&P MENA bond & sukuk	148.41	-0.2% (YTD: +6.1%)
VIX (Fear gauge)	15.36	+6.4% (YTD: -11.5%)

THE CLOSING BELL: TADAWUL-

The TASI fell 0.7% on Thursday on turnover of SAR 3.9 bn. The index is down 10.8% YTD.

In the green: Sport Clubs (+5.3%), ANB (+4.3%) and Mepco (+3.7%).

In the red: Thimar (-3.9%), Saco (-3.4%) and Riyadh Cables (-3.2%).

THE CLOSING BELL: NOMU-

The NomuC rose 0.5% on Thursday on turnover of SAR 34.4 mn. The index is down 16.4% YTD.

In the green: Horizon Food (+15.0%), Tharwah (+11.0%) and Edarat (+7.6%).

In the red: Neft Alsharq (-9.6%), Food Gate (-9.1%) and DRC (-8.6%).

CALENDAR

27 August-3 September (Wednesday-Wednesday): Rawabi Marketing International IPO retail subscription period.

31 August (Sunday): Deadline for companies with SAR 40 mn in revenues from goods and services during July 2025 to integrate e-invoicing solutions.

3Q 2025

The National Water Company is expected to award a construction contract for the Hail Region Water Networks project.

SEPTEMBER

1-3 September (Monday-Wednesday): Saudi Drone Exhibition, Riyadh Front Exhibition & Conference Center.

3-4 September (Wednesday-Thursday): Sustainable Maritime Industry Conference (SMIC), Ritz-Cartlon, Jeddah.

3-4 September (Wednesday-Thursday): The first International Forum for Talent in Higher Education, Jeddah University’s Conference Center.

5 September (Friday): The Visual Arts Commission will hold two public dialogues in Seoul during Frieze Seoul Week under its Art & Ideas program.

7 September (Sunday): Final allocations are due for Rawabi Marketing International IPO.

9-11 September (Tuesday-Wednesday):The Saudi Food and Drug Authority and the UN's Food and Agriculture Organization’s Hack4safeFood, Riyadh.

9-11 September (Tuesday-Thursday): International Beauty Expo 2025, Jeddah Superdome.

9-11 September (Tuesday-Thursday): Seredo Real Estate Development and Ownership Exhibition, Jeddah Superdome,

15-17 September (Monday-Wednesday): Money 20/20 Middle East, Riyadh.

15-17 September (Monday-Wednesday): Global Infrastructure Forum, Riyadh International Convention and Exhibition Center.

16-18 September (Tuesday-Thursday): Kids & Toys Expo, Riyadh Front Exhibition & Conference Center.

16-18 September (Tuesday-Thursday): Gifts & Homeware Expo, Riyadh Front Exhibition & Conference Center.

16-18 September (Tuesday-Thursday): Stationery & Paper Expo, Riyadh Front Exhibition & Conference Center.

17-18 September (Wednesday-Thursday): US Federal Reserve Open Market Committee meeting and Summary of Economic Projections.

23 September (Tuesday): Saudi National Day.

29 September-1 October (Monday-Wednesday): Intersec Saudi Arabia, Riyadh International Convention and Exhibition Centre, Riyadh.

OCTOBER

1 October (Wednesday): Electronic salary transfer via the Musaned platform to include employers with two or more domestic workers.

1-3 October (Wednesday-Friday): Saudi Green Building Forum, Riyadh.

1-3 October (Wednesday-Friday): FIBO Arabia 2025, Riyadh Front Exhibition & Conference Center.

5 October-8 January 2026: Title deed registration for 3.2k properties in Al Yasmin district, Hail.

7-8 October (Tuesday-Wednesday): Global EV & Mobility Technology (GEMTECH) Forum, Riyadh.

12 October-15 January 2026: Title deed registration for 31.7k properties in 14 neighborhoods in the Eastern Province.

15 October (Wednesday): Russian-Arab Summit.

16 October (Thursday): Aviation Impact Middle East, Hyatt Regency Riyadh Olaya .

17 October (Friday): Saudization for private healthcare roles enters its second phase.

21 October (Tuesday): The Visual Arts Commission will hold a public talk and a live performance in Paris through Asia NOW under its Art & Ideas program.

21-23 October (Tuesday-Thurday): Global Internet of Things Congress 2025 (GIoTC 2025), the Arena Venue, Riyadh.

22-23 October (Wednesday-Thursday): Private Capital Forum, Riyadh.

23-25 October (Thursday-Saturday): Zenos Wellness Summit, Bab Samhan Hotel, Riyadh.

24 October-1 November (Friday-Saturday): AlUla Wellness Festival.

26-27 October (Sunday-Monday): The Global Proptech Summit 2025, Mandarin Oriental Al Faisaliah, Riyadh.

27-30 October (Monday-Thursday): Global Health Exhibition, Riyadh Exhibition and Convention Center, Riyadh.

27-30 October (Monday-Thursday): Future Investment Initiative (FII9), King Abdulaziz International Conference Center (KAICC) and the Ritz-Carlton, Riyadh.

28-29 October (Tuesday-Wednesday): US Federal Reserve Open Market Committee meeting.

NOVEMBER

2 November (Sunday): Naming ASICS Innovation Pitch competition’s six finalists.

3-9 November (Monday- Sunday): WTA Tour Finals, Riyadh.

7-8 November (Sunday-Monday): The Visual Arts Commission will conclude its Art & Ideas program with a two-day symposium in Riyadh.

8-9 November (Saturday-Sunday): Del Monte Superleague Supercup, Jeddah.

9 November (Sunday): The deadline for applications for the second batch of the Standard Incentives for the Industrial sector deadline.

11-13 November (Tuesday-Thursday): TouriseSummit, Riyadh.

17-20 November (Monday-Thursday): Cityscape Global, Riyadh Exhibition and Convention Centre, Riyadh.

19-22 November (Wednesday-Saturday): PIF Saudi International Golf Championship, Riyadh Gold Club.

20 November (Thursday): Deadline for title deed registration for 14.6k properties across 21 neighborhoods in Qassim.

22 November (Saturday): The Ring IV, ANB arena, Riyadh.

23-26 November (Sunday-Wednesday): Saudi Food Exhibition and Conference, Riyadh.

24-26 November (Monday-Wednesday): The World Advanced Manufacturing & Logistics Saudi Expo, Riyadh.

24-26 November (Monday-Wednesday): Metropolis Madinah Conference for civilizational capitals, King Salman International Convention Centre (KSICC), Al Madinah.

27 November: Deadline for title deed registration for 8.7k properties in Jeddah’s Al Sheraa and Al Amwaj neighborhoods.

27-30 November (Thursday-Sunday): World Rally Championship Saudi Arabia 2025, Jeddah.

28-30 November (Friday-Sunday): UIM F1H2O World Championship, Jeddah.

30 November (Sunday): Zatca 21st E-invoicing integration wave deadline.

DECEMBER

1-4 December (Monday-Thursday): International Conference on Nuclear and Radiological Emergencies, Riyadh.

1-4 December (Monday-Thursday): 61st ISOCARP World Planning Congress, Riyadh.

7-9 December (Sunday-Tuesday): CoMotion Global 2025, Riyadh.

9-10 December (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections.

25-27 December (Saturday-Monday): The Fortune Global Forum 2025, Riyadh.

31 December (Wednesday): Zatca 22nd E-invoicing integration wave deadline.

31 December (Wednesday): Cancellation of Fines and Exemption of Financial Penalties Initiative by the Zakat, Tax and Customs Authority (Zatca) deadline.

December: Made in Saudi exhibition, Riyadh International Convention and Exhibition Center, Riyadh

2026

JANUARY

1 January (Thursday): Electronic salary transfer via the Musaned platform becomes mandatory for all domestic workers in the Kingdom.

13-15 January (Tuesday-Thursday): Future Minerals Forum, King Abdul Aziz International Conference Center, Riyadh.

20 January (Tuesday): SuperReturn Saudi Arabia, Hotel Fairmont, Riyadh.

18-21 January (Sunday-Wednesday): Saudi Hospital Design and Build Expo, Riyadh.

26-27 (Monday-Tuesday): GPRC Summit, Riyadh.

26-28 (Monday-Wednesday): Saudi Franchise Expo (SFE), Riyadh Exhibition and Convention Centre, Riyadh.

26-28 (Monday-Wednesday): Real Estate Future Forum, Four Seasons Hotel, Riyadh.

27-28 (Tuesday-Wednesday): SkyMove Air Cargo MENA, Riyadh.

28 (Wednesday): Data Center Nation Riyadh, Riyadh.

28-30 (Wednesday-Friday): Jeddah International Travel and Tourism Exhibition (JTTX), Jeddah.

FEBRUARY

2-4 (Monday-Wednesday): Saudi Media Forum, Riyadh.

2-4 (Monday-Wednesday): Women Leaders Summit and Awards KSA, Riyadh.

3-4 (Tuesday-Wednesday): RLC Global Forum Annual Meeting, Riyadh.

5-7 February (Thursday-Saturday): LIV Golf 2026 season opener, Riyadh Golf Club, Riyadh.

8-12 February (Sunday-Thursday): World Defense Show, Riyadh.

9-14 February (Monday-Saturday): Asian Racing Conference, Crowne Plaza Riyadh RDC Hotel & Convention Centre, Riyadh.

11 (Wednesday) Digital Transformation Summit Saudi Arabia (DTS), Riyadh.

11-14 (Wednesday-Saturday): JeddaDerm, Jeddah.

13-14 February (Friday-Saturday): Jeddah E-Prix 2026, Jeddah.

MARCH

31 March (Tuesday): Zatca’s 23rd E-invoicing integration wave deadline.

APRIL

27-29 April (Monday-Wednesday): Aluminum Arabia, The Arena, Riyadh.

OCTOBER

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

Signposted to happen sometime in 2026:

UN Trade and Development Global Supply Chain Forum to take place in Saudi Arabia.
November: The Esports Nations Cup, Riyadh.

Signposted to happen sometime in 2027:

The World Water Forum takes place in Riyadh.
The Ocean Race finishes in Amaala on the Red Sea.
Riyadh-Kudmi transmission line to be completed.

Signposted to happen sometime in 2Q 2027:

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

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