Aramco now owns 60% of Petro Rabigh

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Slowdown reportedly hits Aramco’s expansion projects, PIF’s IPO plans

Good morning, wonderful people. We have a mixed bag of news to kick off the week, from Aramco finalizing its acquisition of Sumitomo’s stake in Petro Rabigh, to figures on industrial production in August from Gastat, to the latest real estate reforms in Riyadh.

BUT FIRST- Riyadh Season 2025 kicked off on Friday, with a spectacular parade threading its way from the Kingdom Arena toward Boulevard World amid pulsing drumbeats. Floats depicting dunes, neon-lit cityscapes, and traditional motifs rolled past the crowds, interspersed with giant balloons and performers in shimmering costumes.

The city lit up by the evening: LED facades danced, fountains shimmered in shifting colors, light projections traced patterns on towers. Street musicians set up impromptu performances, while food carts offered fragrant samosas, shawarma, and Arabic sweets.

Last year’s edition set a high bar. Riyadh Season 2024 surpassed 20 mn visits by February, per the General Entertainment Authority ’s tally. The Kingdom looks to the season as a much-needed engine for tourism, retail, and cultural branding.

** Check out our guide to upcoming Riyadh Season events in the winter.

WEATHER- Stormy skies linger: Thunderstorms, hail, and gusty winds stirring dust are expected today across Makkah, Al Baha, Asir, Jazan, Najran, and the Eastern Region, with fog likely forming over these areas and in Tabuk.

Riyadh: 36°C high / 22°C low,
Jeddah: 34°C high / 26°C low
Makkah: 38°C high / 28°C low.

PSAs-

#1- The Municipalities and Housing Ministry approved updated executive rules formunicipal violations (pdf), it said on X on Wednesday. The new framework unifies how penalties are applied across the Kingdom, setting clear mechanisms for their monitoring, fines, and enforcement. Violations are now classified as serious or non-serious, with fines reaching up to SAR 2 mn for major offenses. Non-serious violators will be given time to correct their violations before penalties are imposed.

#2- Title deed registration for 30.2k properties in 65 neighborhoods in Riyadh and 28.4k properties in 46 neighborhoods in the Eastern Province kicks off today and runs until 15 January, state news agency SPA reported yesterday. Owners can register through the Real Estate Registry platform or at service centers.

WATCH THIS SPACE-

#1- Aramco pauses local chemicals expansion projects: Saudi Aramco has reportedly put three domestic chemicals expansion projects on hold as lower oil prices pressure local spending and redirect focus to overseas ventures, Bloomberg reports, citing sources it says are familiar with the matter. Major engineering and design work are said to be delayed for two joint ventures in Yanbu and another facility in Jubail.

Aramco is instead prioritizing its international investments, particularly chemical facilities in China and South Korea, which are closer to demand centers and more advanced in development, the sources said. Despite the delays, Aramco continues to invest heavily in upstream projects, including the USD 50 bn Jafurah gas development, set to start initial production this year.

IN CONTEXT- This comes as Saudi Arabia scales back long-term spending amid declining oil revenues, with Aramco returning to a net-debt position last year. Brent crude has fallen around 12% this year to below USD 66 a barrel, well under the estimated USD 94 needed for the Kingdom to balance its budget, according to Bloomberg.

ALSO- Is the slowdown hitting other areas? The Public Investment Fund (PIF) is reportedly delaying several planned share sales, with IPOs for Saudi Global Ports, Saudi Tabreed, Nupco, and Saudi Information Technology Co. likely to be pushed to 2026, Bloomberg reports, citing people it says are in the know. The slowdown stems from weak market sentiment, valuation concerns, and the poor performance of recent listings, the sources said, adding the PIF is expected to resume offerings once conditions improve.

The delay curbs a key funding stream for Vision 2030, as the sovereign fund has relied on equity sales to finance its projects, including a USD 1 bn sell-down in Saudi Telecom last year. The Finance Ministry and the PIF have turned to debt markets to offset the slowdown, raising a combined USD 36 bn so far this year through bonds, sukuk, and loans, according to Bloomberg’s tally.

ICYMI- The Finance Ministry is reportedly seeking to line up a USD 10 bn credit facility with US lenders.

#2- US-Saudi semiconductor pact could be finalized soon: Saudi Arabia and the US are reportedly close to finalizing an agreement that would allow US chipmakers like Nvidia and AMD to export semiconductors to the Kingdom, the Wall Street Journal reported on Thursday, citing people it says are familiar with the matter. The chips would be used in Saudi data centers to train AI models.

Security fears remain in the way: The transaction still faces hurdles due to long-voiced US security concerns that China could potentially gain access to the tech via Saudi Arabia, the sources said. A similar agreement with the UAE had been held up by the same concerns, with the US recently agreeing to send some Nvidia chips their way.

#3- The Kingdom granted citizenship to co-founder and former CEO of Uber Travis Kalanick and CEO of Red Sea Global John Pagano, the Saudi Gazette reported on Thursday. The two join a select group of foreign experts and business leaders recognized for their contributions to the Kingdom’s development.

Kalanick, now head of CloudKitchens, operates delivery-only kitchens in more than 400 locations worldwide, including in the Kingdom, and also founded the 10100 Fund for real estate and tech investments. Pagano oversees Saudi Arabia’s Red Sea and Amaala projects and was named among Forbes Middle East’s 2024 Travel and Tourism Leaders for his role in advancing the Kingdom’s luxury tourism sector.

SPORTS-

#1- The Kingdom kept its World Cup qualification dream alive with a thrilling 3-2 victory over Indonesia in Jeddah, turning the tables on the team that beat them 2-0 last November in Jakarta, Asharq Al Awsat reported on Thursday. Goals from Waheb Saleh and Feras Albrikan helped the team to top Group B in the fourth round of the Asian qualifiers, as coach Herve Renard’s revamped squad edged closer to booking a direct ticket to the 2026 World Cup.

#2- The Extreme H World Cup took place in Qiddiya from October 9 to 11, the Public Investment Fund said on X on Thursday. The event is the world’s first hydrogen-powered race approved by the Federation Internationale de l’Automobile. Among the competitors was German driver Timo Scheider, a two-time German Touring Car champion, marking his debut in the groundbreaking hydrogen-fueled event, which builds on the Extreme E series that promoted electric vehicles by racing SUVs in environmentally damaged regions, Reuters reported.

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THE BIG STORY ABROAD-

We’ve got a mixed bag of headlines leading the front pages this morning. Among the stories getting plenty of ink:

#1- US President Donald Trump is threatening to slap a 100% tariff on all Chinese imports starting 1 November or earlier, after accusing Beijing of “very hostile” moves to curb exports of rare earths essential to tech manufacturing. The remarks sparked renewed fears of a trade war between the world’s two largest economies.Beijing’s decision to expand export controls on rare earths — key inputs for electric vehicles, electronics, and defense equipment — appears to have triggered the latest escalation. The new rules require foreign firms to obtain approval before exporting products containing the materials, effectively tightening China’s grip on the supply chain. (Financial Times | Guardian | Reuters)

#2- World leaders are set to land in Egypt’s Sharm El Sheikh over the coming hours ahead of an international summit to finalize the Gaza ceasefire agreement, according to an Ittihadiya statement. The summit will take place tomorrow with the aim of ending the war in Gaza and setting the stage for a new era of regional security and stability.

A star-studded line up: The summit will be attended by over 20 world leaders, including President Trump, French President Emmanuel Macron, and UK Prime Minister Keir Starmer. Leaders or foreign ministers from Germany, Italy, Qatar, the UAE, Jordan, Turkey, Saudi Arabia, Pakistan, and Indonesia will also be in attendance, Axios reports.

#3- At least 60 people were killed in drone and artillery strikes by the Rapid Support Forces on a displacement shelter in Sudan’s Al Fashir between Friday and Saturday, CNN reports. The city, the army’s last stronghold in Darfur, has been under siege for months, with residents facing severe hunger and disease.

#4- Firefights broke out along the Pakistan-Afghanistan border late Saturday after the Afghan Taliban attacked Pakistani posts, Reuters reports.

CIRCLE YOUR CALENDAR-

The Global Airports Forum (Gaf) is coming to the Riyadh International Convention and Exhibition Center on 16 December. The two-day event, set to be the largest dedicated airport B2B platform in the Kingdom, will feature over 300 exhibitors from 100+ countries, 10k participants, and more than 1k buyers. It will also host co-located events like the Global Aviation Issues Conference and the Airport Excellence Awards.

Aramco acquires additional 22.5% stake in Petro Rabigh from Sumitomo

It’s a wrap for Petro Rabigh acquisition: Saudi Aramco finalized its SAR 2.6 bn (c. USD 701.7 mn) acquisition of a 22.5% stake in its refining and petrochemicals joint venture Rabigh Refining and Petrochemical Company (Petro Rabigh) from Japan’s Sumitomo Chemical, the companies said in two separate disclosures to Tadawul (here and here) on Thursday. The companies had been pursuing the move since their August 2024 binding agreement.

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Who owns what? Aramco now owns 60% of the joint venture, after purchasing some 376k Class A shares at SAR 7 apiece, while Sumitomo’s stake is down to 15% stake and other shareholders retain 25%. Aramco is restricted from selling the newly acquired shares for a period of six months without prior approval from the Capital Market Authority.

Fresh funding and loan waivers: Aramco and Sumitomo will also provide Petro Rabigh with an additional SAR 5.3 bn (c. USD 1.4 bn) in funding — through Class B shares — and waive SAR 5.6 bn (USD 1.5 bn) in existing revolving loans previously extended to Petro Rabigh.

Petro Rabigh has been preparing: Petro Rabigh completed a two-step restructuring to strengthen its balance sheet ahead of the transaction. The company raised its capital by 31.5% to SAR 22 bn through the issuance of 526.4 mn new Class B shares to Aramco and Sumitomo, generating SAR 5.3 bn in banknotes. The capital was then reduced back to SAR 16.71 bn to write off accumulated losses of the same amount.

The moves are meant to help turn around Petro Rabigh’s finances, after losses widened to SAR 1.4 bn in 1Q 2024, pushing cumulative losses to SAR 8.9 bn, equivalent to over 53% of its capital — above the regulatory threshold requiring corrective action. The company’s performance has since improved, with net losses narrowing to SAR 2.06 bn in 1H 2025, from SAR 2.47 bn a year earlier, though revenue fell 13.6% y-o-y to SAR 15.5 bn. Accumulated losses stood at SAR 7.34 bn by end-1H, equivalent to 43.9% of capital.

The story also got ink from Reuters.

IN OTHER M&A NEWS-

Sasco’s subsidiary acquisition of 70% of Tadbeer is now live: Tadawul-listed Saudi Automotive Services ’ (Sasco) subsidiary Investment and Equipment finalized an SAR 85 mn agreement to acquire 70% of Tadbeer Recruitment after it secured a class A license and converted Tadbeer to class A from B, it said in a Tadawul disclosure on Thursday.

SOUND SMART- Class A and class B shares are two different types of stocks that carry different voting rights, availability and value. Class A stocks typically offer greater voting power granting holders a stronger say in company decisions. These shares are usually given to executives, management, founders or key stakeholders to retain control over the company. In some cases, one class A stock can be converted to multiple class B stocks, making them more valuable.

BACKGROUND- Sasco’s subsidiary inked a definitive agreement for the acquisition in January. This came after signing an MoU in August 2024, in which Investments and Equipment increased the capital of Tadbeer from 20 mn to 100 mn via the class upgrade.

Market reax: Sasco’s share price rose 10% to SAR 65.15 on Thursday’s close.

Industrial production up 7.1% y-o-y in August

The Industrial Production Index (IPI) increased 7.1% y-o-y in August, supported by growth across the manufacturing, mining and quarrying, and utilities sectors, according to preliminary data (pdf) from the General Authority for Statistics.

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Mining and quarrying activity posted the highest growth during the month, going up 8.1% y-o-y, with the Kingdom’s oil output rising to 9.72 mn bbl / d, up from 8.99 mn bbl / d in the same month last year.

Manufacturing followed with a 5.6% y-o-y increase, thanks to 8.9% y-o-y growth in the manufacture of petroleum coke and refined petroleum products and an 8.6% y-o-y uptick in the manufacture of chemical products.

The sub-index of electricity, gas, steam, and air conditioning supply activity widened 8.7% y-o-y, while the sub-index of water supply, sewerage, waste management, and remediation activities rose 6% y-o-y.

MEANWHILE- The oil activities index climbed 8.3% y-o-y in August, and the non-oil activities index posted a 4.4% y-o-y increase.

REMEMBER- The Kingdom’s non-oil business activity expanded at a fast pace in August, hitting 56.4, according to the Riyad Bank Saudi Arabia PMI, up from 56.3 in July. The reading remains notably lower than January ’s peak of 60.5.

Riyadh greenlights development on 33.2 sq km tract near Wadi Hanifa

The Royal Commission for Riyadh City (RCRC) lifted a temporary suspension on a 33.2 sq km area of land in western Riyadh, it said on X on Thursday. Property owners can now resume sales, purchases, and building permit issuances in adherence to Wadi Hanifa’s urban code

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Not the first time: In Apri l, the government lifted land freezes on 81.5 sq km of land in northern Riyadh, permitting similar activities in those areas. This included 33.2 sq km of newly activated land north of King Salman Road, in addition to 48.28 sq km that were previously released.

IN CONTEXT= The government has rolled out sweeping reforms to stimulate the real estate market to tackle “unacceptable” real estate prices, the Crown Prince acknowledged in his annual address last month. This includes opening property ownership to non-Saudis, permitting foreign investment in Makkah and Madinah real estate firms, and amending the White Land Tax law. The RCRC also launched the Tawazoun platform last month, offering citizens residential plots capped at SAR 1.5k per sqm.

DATA POINT- Riyadh’s residential market saw steep price hikes in 2Q 2025, with villa prices climbing 15.1% y-o-y and apartment prices increasing 13.3% y-o-y, according to a JLL report. The city’s housing supply now stands at roughly 2.2 mn units, with 5.6k delivered in the first half of 2025 and nearly 19k more expected by year-end.

Riyadh Air takes off with daily flights to London from 26 October

PIF-owned Riyadh Air prepares to launch its daily flights to London Heathrow on 26 October, the fund said in a press release on Thursday. The London route will see flights departing Riyadh at 3:15am and landing in Heathrow at 7:30am, with the return leg leaving London at 9:30am and arriving back in Riyadh at 7:15pm.

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The launch comes as the airline prepares to launch full operations in 2025, with its initial flights operated on a Boeing 787-9 aircraft named Jamila ahead of new aircraft deliveries from Boeing. It also unveiled its new loyalty program Sfeer to provide draw customers with benefits and offers — with details of the program yet to be announced.

Big plans ahead: The Kingdom’s new airline voiced plans back in June to serve 100 cities by 2030, aiming to add a destination every two months once it’s operational. The airline plans to open a Dubai route next, with more destinations to be revealed in the upcoming weeks for winter 2025 and summer 2026.

REMEMBER- Despite global supply chain snags, the airline “remains confident that [its] launch will stay on schedule, with aircraft deliveries and operations progressing as planned,” a representative told EnterpriseAM last month. Riyadh Air expects to receive one new plane a month from Boeing over the next year – with some 182 aircraft on order from Boeing and Airbus.

IN OTHER AVIATION NEWS-

Flagship carrier Saudia operated its first direct passenger flight from Riyadh to Moscow on Friday, in partnership with the Saudi Tourism Authority and the Air Connectivity Program, it said on X on Friday. The airline announced in June it will launch three weekly round-trip flights to Moscow’s Sheremetyevo Airport starting in October.

MEANWHILE- Flynas is set to launch a Jeddah-Moscow route starting on 23 December, running three-weekly flights between Jeddah’s King Abdulaziz International Airport and Moscow’s Vnukovo International Airport, it said on LinkedIn. The low-cost carrier flynas began three weekly flights between Riyadh to the Russian capital in August.

Riyadh’s real estate reforms spark debate among economists

Reforms for Riyadh’s real estate crunch have sparked debates among economists, as Bloomberg covers the sweeping real estate reforms the government introduced in the past year for the capital. The reforms include the introduction of a five-year rent freeze to halt the rapid increase in rental costs for both residential and commercial properties and White Land Tax amendments to spur land development.

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Proponents see reforms as vital to boosting housing supply, pointing to early successes, with AstroLabs’ Alex Nicholls noting the five-year rent freeze is already aiding corporate relocations. Meanwhile, Dar Global’s Ziad El Chaar told the business news service that the new land tax is successfully spurring landowners to develop, which is essential for increasing the housing supply.

Others caution that the rent freeze may deter investment. SNB Capital warns that the rent freeze could backfire by hurting developers and REITs. UBS economist Matthias Holzhey was skeptical of direct rent manipulation, calling it “the way to disaster,” arguing it could deter long-term investment and slow new construction. The challenge is compounded by tight liquidity and a widening budget deficit, though it may create openings for private credit funds, private equity, and family offices to step in.

Mobico Group’s Alsa secures eight-year contract for Qiddiya transport services

TRANSPORT-

Alsa to run Riyadh-Qiddiya e-bus route: UK-based Mobico Group ’s transport subsidiary Alsa landed a EUR 500 mn, eight-year joint venture contract to operate shuttle and park-and-ride services in Qiddiya, it said in a press release on Thursday. The agreement, signed with a local company, covers 156 vehicles — 126 of them electric — and will connect Qiddiya with Riyadh.

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CULTURE-

Cultural Assets Group acquired Riyadh-based social and cultural center TheStage during the Cultural Investment Conference in Riyadh, it said in a press release. The acquisition, financed by the Cultural Fund, is part of the group’s SAR 850 mn investment fund announced during the conference.

About The Stage: Since its founding in 2019, The Stage has held over 1k sessions, 500 events, and 100 workshops, attracting more than 100k visitors. The center is known for bringing together artists, entrepreneurs, and thought leaders to discuss social and cultural issues.

DEBT WATCH-

Red Sea Intl subsidiary secures financing from Fab: Red Sea International’s subsidiary Fundamental Installation for Electric Work (First Fix) secured a SAR 375 mn credit facility from First Abu Dhabi Bank (Fab) to finance its upcoming projects, it said in a disclosure to Tadawul on Thursday. The one-year standby facility is backed by corporate and personal backing from its parent company and other related parties, including a promissory note for the full amount.

ICYMI- Last month, shareholders of Red Sea International signed off on plans for First Fix to float 12 mn shares, good for 30% of the company, on the bourse. The planned IPO will be made up entirely of shares sold by the unit’s minority owners, leaving Red Sea International’s controlling 51% stake intact.

Global sukuk issuance hit a record USD 80 bn in 3Q 2025

Global sukuk issuance hit a record in 3Q 2025, defying market volatility and the usual seasonal slump, according to a note by Fitch Ratings’ seen by EnterpriseAM UAE. Core markets — the GCC, Malaysia, Indonesia, Turkey, and Pakistan — issued about USD 80 bn in the quarter, up 22% q-o-q and 89% y-o-y.

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What’s driving the boom: Lower funding costs and ample GCC liquidity offset tighter shariah compliance rules and regional tensions. The Fed’s September rate cut to 4.25% added momentum, while conventional bond issuance in the same markets fell 17.6% q-o-q.

Sukuk now account for 35% of total debt issuance in core markets, up from 27.5% a year earlier. Outstanding sukuk rose 15.5% y-o-y to USD 1 tn by end-3Q, with 28% denominated in USD. ESG-linked sukuk represented 13% of USD-denominated issues, alongside a rising share of subordinated instruments.

Regional leaders: Malaysia accounts for the largest share of outstanding sukuk issuances with 34%, closely followed by Saudi Arabia with 30%. Outside of the GCC, Indonesia, Malaysia, and Turkey together accounted for 64% of global issuance during the quarter. In the GCC, sukuk now make up 40% of outstanding debt instruments compared to 16% in emerging markets.

Sukuk issuance is on track to surpass 2024 levels, with 2026 prospects described as “promising.” Growth will be supported by refinancing needs, diversification goals, and Islamic-finance reforms. The agency’s base case assumes oil at USD 70 per barrel this year and USD 65 in 2026, though it added that price shocks and new shariah requirements could pose downside risks.

REMEMBER- Proposed reforms to sukuk aim to make them less like conventional interest-bearing debt and more like an asset-backed structure, where sukuk holders would gain full ownership of the underlying assets and expose them to additional risks like defaults. It could also increase costs and red tape for issuers through additional asset transfer and legal documentation.

Credit quality stays strong: The market remains resilient, with no defaults or downgrades among Fitch-rated sukuk in 3Q. About 80% of issues are investment grade, and 88% of issuers carry a stable outlook.

Structural shifts: Qatar Central Bank expanded its Primary Dealer Framework to include ijara sukuk, while Saudi Arabia’s potential inclusion in JPMorgan’s EM bond index could boost SAR-denominated demand. The UAE’s Higher Shariah Authority also issued new guidance on asset-sale rights, prompting issuers to revise documentation. Fitch said the change does not make unsecured sukuk equivalent to secured debt but could affect future rating treatment.

ALSO FROM PLANET FINANCE-

Cryptocurrencies got a hit on Friday after days of Bitcoin reaching its highest peak, as Bitcoin dropped below the USD 113k level, pushed down by US President Donald Trump’s announcement he would impose an additional 100% tariff on China and new export limitation on software, Bloomberg reported yesterday. Over USD 19 bn in positions were wiped out, affecting more than 1.6 mn traders. The downturn is seen as “the largest liquidation event in crypto history,” and the total liquidation size might be higher as exchanges don’t report orders in real time, according to data tracker Coinglass.

TASI	11,583	+0.2% (YTD: -3.8%)
MSCI Tadawul 30	1,510	+0.1% (YTD: 0.0%)
NomuC	25,805	+0.4% (YTD: -18.0%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	4.75% repo	4.25% reverse repo
EGX30	37,377	+0.8% (YTD: +25.7%)
ADX	10,114	-0.3% (YTD: +7.4%)
DFM	5,982	+0.4% (YTD: +16.0%)
S&P 500	6,553	-2.7% (YTD: +11.4%)
FTSE 100	9,428	-0.9% (YTD: +15.4%)
Euro Stoxx 50	5,531	-1.7% (YTD: +13.0%)
Brent crude	USD 62.73	-3.8%
Natural gas (Nymex)	USD 3.11	-5.0%
Gold	USD 4,000	+0.7%
BTC	USD 109,639	-1.2% (YTD: +17.3%)
Sukuk/bond market index	922.11	-0.1% (YTD: +2.2%)
S&P MENA Bond & Sukuk	150.97	+0.2% (YTD: +7.9%)
VIX (Volatility Index)	21.66	+31.8% (YTD: +24.8%)

THE CLOSING BELL: TADAWUL-

The TASI rose 0.2% on Thursday on turnover of SAR 4.7 bn. The index is down 3.8% YTD.

In the green: Sasco (+10.0%), Aldrees (+6.9%) and Riyadh Cables (+5.5%).

In the red: Gas (-4.0%), Chemanol (-3.1%) and HB (-2.2%).

THE CLOSING BELL: NOMU-

The NomuC rose 0.4% on Thursday on turnover of SAR 43.6 mn. The index is down 18.0% YTD.

In the green: TMC (+19.6%), Tibbiyah (+9.9%) and DRC (+9.9%).

In the red: Amwaj International (-9.3%), Qomel (-8.1%) and Mayar (-7.0%).

CORPORATE ACTIONS-

Methanol Chemicals’ (Chemanol) board recommended reducing the company’s capital by 77.8% to address accumulated losses, which have reached a critical 79.4% of its capital, it said in a disclosure to Tadawul on Thursday. The plan would cut the company’s capital to SAR 150 mn by cancelling some 52.5 mn shares. This SAR 524.5 mn reduction will write off 98.4% of the losses, with the remaining 1.6% set to be covered by SAR 11 mn of the company’s statutory reserve. The company appointed MEFIC Capital as the financial advisor for the reduction, which is still pending regulatory and shareholder approvals.

CALENDAR

25 September-19 December (Thursday – Friday) 2025 Saudi Toyota Championship.

28 September-1 January: Title deed registration for 54k properties in 77 neighborhoods across Riyadh, Makkah, and the Eastern Province.

OCTOBER

2-11 October (Thursday-Saturday): Riyadh International Book Fair 2025, Princess Nourah Bint Abdul Rahman University.

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

12 October-15 January 2026: Title deed registration for about 157.3k properties in 78 neighborhoods across the Eastern Province.

12 October-15 January 2026: Title deed registration for about 41.7k properties across 115 neighborhoods in Riyadh, Qassim, and 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.

19 October (Sunday): Canadian Medical Center Company’s (CMCER) shares will halt for the transfer.

19-20 October (Sunday-Monday): Saudi Rail International, Riyadh Front Exhibition and Conference Center.

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.

21-22 October (Tuesday-Wednesday): Saudi Festival of Creativity (Athar), JAX District, Riyadh.

21-23 October (Tuesday-Thursday): 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.

2-3 November (Sunday-Monday): The Forbes Middle East Women’s Summit, Fairmont Riyadh Hotel.

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

5-8 November (Wednesday-Saturday): Binam Forum 2025, Riyadh Front Exhibition and Conference Center.

5-9 November (Wednesday-Sunday): Jewellery Salon Expo, 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.

10-12 November (Monday-Wednesday): BioFach Saudi Arabia, Riyadh International Convention & Exhibition Center.

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

16-17 November (Sunday-Monday): Jeddah Fintech Week 2025, Jeddah Hilton, Jeddah.

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.

23-27 November (Sunday-Thursday): Global Industry Summit by United Nations Industrial Development Organization, 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.

25-26 November (Thursday-Saturday): The Global Sustainability Expo, The Arena Riyadh Venue, Ghirnatah.

25-29 November (Thursday-Monday): General Aviation Airshow 2025 – Sand & Fun, Riyadh.

27 November (Saturday): 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.

30 November-1 December (Sunday-Monday): FII Priority Asia Summit, Tokyo.

DECEMBER

1-3 December (Monday-Wednesday): Industrial Transformation Saudi Arabia, Riyadh International Convention & Exhibition Center.

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.

8-9 December (Monday-Tuesday): Digital Acceleration and Transformation Expo (DATE), JW Marriott hotel, Riyadh.

8-9 December (Monday-Tuesday): Climate Action and Renewable Energy (CARE), JW Marriott hotel, Riyadh.

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

11 December (Thursday): Deadline for title deed registration for 214.2k properties across Riyadh and the Eastern Province.

16-17 December (Tuesday-Wednesday): Global Airports Forum (GAF) 2025, Riyadh International Convention and Exhibition Center, Riyadh.

25 December (Thursday): Deadline for title deed registration for 64.4k properties across neighborhoods in Madinah, Makkah, Riyadh, and the Eastern Province.

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.

26-28 (Monday-Wednesday): IFAT Saudi Arabia, Riyadh Front Exhibition & Conference Center, 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.

2-13 (Monday-Friday): 2026 Asian Road Cycling Championship and Paralympic Cycling, Qassim.

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 International Convention and Exhibition Center, 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

21 March (Saturday): Fanatics Flag Football Classic, Kingdom Arena, Riyadh.

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

APRIL

6 April (Monday): Procurement and Supply Chain Futures Forum, Al Faisaliah Hotel, Riyadh.

6-7 April (Monday-Tuesday): Real Estate Supply Chain Forum, Al Faisaliah Hotel, Riyadh.

12-15 April (Sunday-Wednesday): Saudi Print & Pack, Riyadh International Convention & Exhibition Center.

12-15 April (Sunday-Wednesday): Riyadh International Industry Week, Riyadh International Convention & Exhibition Center.

12-15 April (Sunday-Wednesday): Saudi Plastics & Petrochem, Riyadh International Convention & Exhibition Center.

12-15 April (Sunday-Wednesday): Saudi Smart Logistics, Riyadh International Convention & Exhibition Center.

13-16 April (Monday-Thursday): Leap Tech Conference, Riyadh Exhibition & Convention Center – Malham.

20-22 April (Monday-Wednesday): The Future Hospitality Summit, Mandarin Oriental Al Faisaliah Al Faisaliah Hotel, Riyadh.

20-22 April (Monday-Wednesday): Saudi Paper and Packaging Expo, Riyadh International Convention & Exhibition Center.

21 April (Tuesday): GC Summit Saudi Arabia 2026, Saudi Arabia.

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

MAY

3-5 May (Sunday-Tuesday): Sports Investment Forum (SIF), 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.
The Intervision international music competition will take place in Saudi Arabia.

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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