Sumou Holding eyes Egypt’s state-linked developer Midar

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Real estate financing grows in 2025 -Al Hogail

Good morning, everyone. It’s a calm day with little to report on in the business world, save for a few updates to watch for. Saudi’s real estate push in Egypt is seemingly getting more and more serious, following confirmed reports that Sumour Holding is in early talks to snap up Egypt’s state-linked developer Midar, with some putting the rough number at USD 3.5 bn.

Also in this morning’s news well: Cenomi Centers is gearing up for SAR 4.5 bn local sukuk program, Liv Golf is struggling to turn into the black, and the UK’s Department of Trade gives us a progress update on the GCC freetrade talks. Let’s dive in.

HAPPENING TODAY-

The Eisar Conference kicks off today at the Fairmont Riyadh Hotel. The event gathers international organizations, legal experts, and senior executives to discuss modern frameworks for financial restructuring and reorganization, featuring keynotes, panels, and case studies on global corporate recovery and sustainability.

WEATHER- Stormy skies ahead: Heavy thunderstorms, hail, and strong winds are expected today across Jazan, Asir, Al Baha, and Makkah, bringing a risk of flash floods and fog formation in these areas. Dust-laden winds will persist over Riyadh, Madinah, Hail, Tabuk, Al Jouf, Najran, and the Northern Borders, while the southern Red Sea may see rain-bearing thunderclouds.

Riyadh: 36°C high / 22°C low,
Jeddah: 33°C high / 27°C low
Makkah: 37°C high / 28°C low.

WATCH THIS SPACE-

The Kingdom is preparing to launch a new on-demand delivery service through the government’s Tawakkalna platform in partnership with Jahez, CEO Hamed Albakr told Aleqtisadiah on Saturday. The service will allow users to send anything — from everyday items to gifts or event invitations — at any time, with Jahez handling the delivery operations while Tawakkalna serves as the main interface. Prices will be competitive and can be paid by either the sender or recipient.

ICYMI- Jahez completed the first phase of its acquisition of Qatar-based e-commerce Snoonu, purchasing a 75% stake, or about 7.9 mn shares. Jahez will later subscribe to an additional 1.6% stake, bringing its total ownership to 76.6%, while Snoonu founder Hamad Mubarak Al Hajri will retain 23.4%.

Real estate financing in the Kingdom has risen to SAR 900 bn so far this year, up from around SAR 800 bn by the end of 2024, Asharq Business reported yesterday, citing the Municipal and Housing Minister Majed Al Hogail during the Qatar Real Estate Forum in Doha. Housing loans now make up 27% of Saudi banks’ total portfolios, compared with 23% last year.

Al Hogail noted that real estate financing grew from SAR 200 bn in 2018 and is expected to reach SAR 1.3 tn by 2030, supported by major housing urban development projects under Vision 2030. Saudi homeownership rose to 65.4%, meeting its 64% target for 2024 and keeping the Kingdom on track to reach 70% by 2030.

Sharjah-based Gulftainer launched a new landbridge solution in Khorfakkan Commercial Terminal — slated to streamline the movement of cargo between the UAE and the wider GCC, specifically Kuwait, Qatar, and Saudi Arabia, according to a statement released on Friday. The landbridge offers heightened connectivity to domestic and regional markets — boasting a fleet of over 300 trailers and round-the-clock operations. Under the new solution, customers will be able to accelerate the movement of cargo due to increased visibility and control via real-time tracking.

SOUND SMART- A Landbridge? A landbridge is an intermodal transportation method that involves the movement of cargo via a combination of land, rail, and maritime corridors domestically, internationally, or across continents.

We have one in the works: A USD 7 bn Landbridge project is slated for completion by 2030 in Saudi Arabia. The landbridge will connect the Kingdom’s Red Sea coast to the Arabian Gulf and includes the development of six railway lines and seven logistics centers.

OIL WATCH-

Saudi Arabia ramped up crude oil shipments to Europe via Egypt’s Ain Sukhna terminal — the Red Sea export point of the Sumed pipeline — to 1.3 mn bbl / d in September, the highest level since April 2020, Mees reports, citing Kpler data. The Kingdom’s total crude exports climbed to 6.42 mn bbl / d last month — the highest in a year and a half.

IN CONTEXT- Back in April 2020, Saudi output hit a record 11.87 mn bbl / d as Aramco opened the taps to pressure other producers into agreeing to deep cuts. That wave saw exports to Europe spike to 1.64 mn bbl / d. While production last month reached 9.93 mn bbl / d — still a 27-month high — it was nearly 2 mn bbl / d below the pandemic peak.

September's surge partly reflects a recovery from August’s slump in exports to Western markets. It may also indicate higher crude stocks at Aramco’s storage hub in Egypt’s Sidi Kerir, though shipping data points to a clear increase in actual exports, Mees said. Crude outflows from Sidi Kerir, where Aramco is the main supplier, climbed to 1 mn bbl / d in September — their first return to such levels since February last year, according to Kpler’s figures.

Poland and Italy were the largest European destinations for Saudi crude from Sidi Kerir. Poland’s Gdansk refinery took in roughly 300k bbl / d, supported by Aramco’s 30% stake in the local refinery acquired in 2022. Shipments to Algerian Sonatrach’s Augusta refinery in Italy averaged about 110k bbl / d.

SPORTS-

Saudi-owned Jameel Motorsport’s duo — Australian Molly Taylor and Swedish Kevin Hansen — took home the inaugural Extreme H World Cup in Qiddiya City, according to a press release. The pair dominated the eight-car final, clutching the decisive four-lap race following earlier rounds of Time Trial, Head-to-Head, and Multi-Car Racing. The Extreme H World Cup is the world’s first hydrogen-powered race sanctioned by the Federation Internationale de l’Automobile.

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THE BIG STORY ABROAD-

Trump heads to the Middle East to finalize ceasefire agreement: US President Donald Trump is en route to Egypt and Israel to mark the US-brokered ceasefire and hostage exchange agreement between Israel and Hamas. The visit comes as the first phase of the agreement — including hostage releases and a partial Israeli withdrawal from Gaza — is being implemented. Trump will first visit Israel to meet with Israeli officials and address parliament before attending a Gaza-focused summit in Sharm El Sheikh which he will be co-hosting with Egyptian President Abdel Fattah El Sisi. (Associated Press | New York Times | BBC)

Meanwhile in Europe, Macron faces political turbulence: French President Emmanuel Macron announced a new cabinet as he and reappointed Prime Minister Sebastien Lecornu face pressure to form a stable government and prevent another collapse. Lecornu, who stepped down last week before being reappointed Friday, now needs to rally support from centrist allies to survive looming no-confidence votes in parliament. With Macron’s popularity slipping and his coalition reduced to a weak minority, both opposition and allied parties have criticized him for refusing to scale back his agenda. (Bloomberg | Financial Times | Reuters | AP | France 24)

And, tensions are rising between Washington and Beijing: China has accused the US of escalating the trade war after Trump announced plans to impose a 100% tariff on Chinese exports and widen export control starting November, the Financial Times reports. China’s Commerce Ministry criticized the US for blacklisting Chinese firms and abusing national security measures, warning it would take “corresponding measures” if the tariffs proceed.

CIRCLE YOUR CALENDAR-

The Joy Forum will kick off on 16 October at the SEF Arena in Blvd City, bringing together leaders from the entertainment, technology, media, and policy sectors. The two-day event will feature keynotes, panels, workshops, and an expo showcasing brands and innovations, while also serving as a platform for partnerships and networking. It is set to host over 40 speakers, 20 exhibitors, and more than 20 sessions with participants from over 30 countries.

Sumou Holding eyes Egypt’s state-linked developer Midar

Real estate investor Sumou Holding is in preliminary discussions to acquire Egypt’s Midar Investment and Urban Development, an Egyptian government source told EnterpriseAM. The potential acquisition of the state-affiliated developer could reportedly be worth USD 3.5 bn, Al Arabiya reports, citing an unnamed source.

Midar? The Egyptian developer, whose backers include state-backed heavyweights Banque Misr, the National Bank of Egypt, the National Investment Bank, and Arab Contractors, is behind two major urban projects east of Cairo, Mostakbal City and Mada City, spanning a combined 11k acres near the New Administrative Capital.

Sumou is no stranger to Egypt — or Midar for that matter. It was announced just last month that Midar and Sumou Holding, via its subsidiary Adeer International, are part of a consortium looking into setting up a USD 1 bn Downtown Cairo redevelopment project. The same consortium is also working on hospitality and leisure projects along the Nile in Cairo and in Midar-developed new cities with investments of USD 2 bn, while the two companies are also partnering on a EGP 70 bn mixed-use project in Mostakbal City.

Sumou is also looking to set up itsfirst real estate fund in Egypt and funnel SAR 2 bn into the local real estate market over the next five years.

Unconfirmed reports out just yesterday also claim the two will invest USD 2 bn in six Downtown Cairo hotels as part of a wider consortium, with an official announcement and finalized details expected within a month, once legal procedures and land allocation are completed, Mubasher reports, citing an unnamed source.

The consortium is negotiating for land and assets for the project that are owned by the state, making it more than likely that the project is part of the Sovereign Fund of Egypt’s plans to offer up Downtown assets — including the Ministries Square area — to private investment. The fund’s plans are part of the government assets privatization and redevelopment, which follows the Egyptian government’s relocation to the new capital.

Cenomi Centers lines up maiden sukuk under SAR 4.5 bn program

Cenomi Centers is teeing up a local debt offering: Tadawul-listed mall operator Cenomi Centers plans to issue SAR-denominated senior unsecured sukuk under its newly-established SAR 4.5 bn debt instruments program, following approval by the Capital Market Authority (CMA), it said in a bourse filing. The issuance will be made through a public offering, with Al Rajhi Capital acting as the financial advisor, sole arranger, and trader.

What we know: The sukuk will be offered in SAR 1k denominations and priced at par, with maturities, yields, and subscription periods yet to be set in separate final terms, according to the base prospectus (pdf) for the program. The offering will be open to eligible local investors and will not be marketed to retail clients outside the Kingdom.

Use of proceeds: Proceeds from this issuance — and future ones under the program — will flow into mudaraba and murabaha arrangements, giving Cenomi Centers room to raise shariah-compliant funding for its ongoing operations and balance sheet needs.

IN CONTEXT- The planned sukuk offering follows Cenomi’s move earlier this year to hire Rothschild & Co. to advise on refinancing options ahead of a USD 875 mn sukuk maturing in October 2026. At the time, the mall operator was said to be exploring a mix of debt and equity solutions to ease liquidity pressures tied to delayed payments from its retail affiliate Cenomi Retail. S&P, which downgraded the company further into junk territory in July, said the refinancing risk was “manageable” but cautioned that delays in execution could tighten liquidity.

The ratings: Cenomi Centers holds a BB rating with a negative outlook from Fitch, a B+ with a stable outlook from S&P Global Ratings, and an A- with a stable outlook from local agency Tassnief.

Receiving agents include our friends at EFG Hermes KSA, alongside Albilad Investment, Al Rajhi Capital, SNB Capital, Sab Invest, BSF Capital, ANB Capital, Derayah Financial, Aljazira Capital, Riyad Capital, Alinma Capital, Yaqeen Capital, Alkhabeer Capital, Alistithmar for Financial Securities and Brokerage, Sukuk Capital, and Musharaka Capital.

REFRESHER- Cenomi Centers’ net income rose 34.2% y-o-y to SAR 474.7 mn in 2Q 2025, driven by lower financing costs, stronger operating efficiency, and fair-value gains on investment properties. Revenue edged down 0.7% y-o-y to SAR 582.6 mn. On a 1H basis, net income climbed 29.3% y-o-y to SAR 697.3 mn, while revenue inched up 0.1% y-o-y to SAR 1.2 bn.

PIF-backed Liv Golf deepens losses as PGA expands in Asia

PIF-backed Liv Golf UK posted an operating loss of USD 460 mn in 2024, bringing its accumulated losses to about USD 1.1 bn, according to the league’s latest financial statements shared by the Money in Sport newsletter. Revenue grew to USD 65 mn last year, but the tour remains heavily reliant on PIF funding as it faces mounting costs and rising competition from the expansion of the PGA Tour into Asia.

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

By the numbers: The latest filings show that Liv Golf UK’s revenues remain small compared to its expenses, with only USD 2.8 mn generated from broadcast rights and about USD 26 mn from its most successful event in Adelaide. Tournament costs, player payments, and event management fees continue to weigh heavily, with prize money totaling USD 400 mn for 16 international events and an additional USD 287 mn paid to contractors between 2022 and 2024.

The mounting costs is pushing up total losses for Liv Golf’s global operations, reaching some USD 5 bn since its launch in 2022 — over USD 1 bn annually, according to Money in Sport’s calculations.

The battle over Asia: The fund is investing USD 300 mn through Liv Golf to support the Asian Tour over the next decade, turning Asia into a new battleground with golf’s traditional powers, the newsletter reported. The PGA Tour, through its partnership with the DP World Tour, has been expanding its own schedule in Asia — adding events in India and China — challenging the growth of Liv Golf’s Asian Tour. Several major tournaments, including the Volvo Open in China, moved from the Asian Tour to the DP World Tour, intensifying the rivalry.

The PGA Tour’s decision to strengthen its European and Asian presence is seen as a way to maintain leverage as Liv continues to post heavy losses. While PIF’s backing gives Liv Golf financial stability in the short term, the challenge lies in turning its global reach and high-profile players into a sustainable business that can eventually stand on its own.

REFRESHER- PIF’s total investment in Liv Golf reached about USD 4.6 bn in May 2025, including USD 1.9 bn added since the start of 2024, with total funding expected to exceed USD 5 bn by the end of 2025. A month earlier, Liv Golf’s rival PGA Tour turned down a USD 1.5 bn investment by the PIF into PGA Tour Enterprises, reportedly for its rejection of a condition that Liv Golf should remain intact.

GCC freetrade talks are at an “advanced stage”, UK’s Department of Trade says

Negotiations for the UK-GCC FreeTrade Agreement have reached an “advanced stage,” Country Director for Saudi Arabia at the UK’s Department for Business and Trade Pete Ashby told EnterpriseAM Saudi. The parties have made progress across a number of areas, including goods, services, and investment, Ashby said.

No rush: The focus remains on reaching the right terms for an agreement that serves shared interests and long-term growth, rather than getting it done by a specific date, he added. Talks over the draft agreement — which began in 2022 — resumed back in September 2024.

The agreement will build on UK-Saudi trade and investment relations under the Great Futures initiative, launched in May 2024 in Riyadh as a joint campaign of business engagement under the Strategic Partnership Council. The initiative was designed to bring together government and business decision-makers and establish long-lasting partnerships that deliver against the closely-aligned UK’s modern Industrial Strategy and Saudi Arabia’s Vision 2030, Ashby said.

“The UK and Saudi Arabia are working closely together in five key areas: making financial services more connected, advancing health and life sciences, driving industrial growth with new technologies, supporting creative industries — including major events — and bringing innovation into education. These areas will remain a central feature of our work going forward,” Ashby told us.

By the numbers: Over GBP 4.15 bn of UK-Saudi agreements have been unveiled since the launch of the initiative, creating more than 4.1k jobs in both countries. This figure includes over GBP 3.44 bn of Saudi investment in the UK, creating almost 4.1k jobs. Some GBP 364 mn of new UK-Saudi agreements, which are estimated to create 187 jobs, were announced at the summit early in September.

“We are currently focused on how we use the successes achieved at this year's summit as a launchpad for what is to come,” Ashby said. UK representatives are set to participate in major upcoming events this year, such as the Future Investment Initiative (FII) and the Global Health Exhibition, both of which are taking place in Riyadh in October. The initiative will continue to support the UK government's focus on Saudi Arabia through ministerial visits and by securing first-time visits, partner connections, and expansion agreements for businesses during the events, he added.

AI-driven vehicle pricing platform Marjea in the spotlight

Rotana’s Ya Hala (watch, runtime: 22:43) shed light on the recently launched Marjea platform, hosting Saad Albaiz, the spokesperson and executive manager of communication at the Saudi Authority of Accredited Valuers (Taqeem). Albaiz talked in depth about the platform, designed to serve as a unified national reference for vehicle pricing in a bid to boost transparency and regulate market prices.

Depending on records of over 47 mn vehicles, the AI-driven platform provides an indicative price with a 10% fluctuation margin valid for only three days for SAR 9 based on the updated market data. Users are entitled to submit a free objection to the valuation, which will be reviewed by a human expert, with responses expected within 10 working days.

A collaborative effort: Marjea is operates based on data from different entities, including the Interior Ministry’s General Department of Traffic, Absher platform, Tam platform, the Saudi Standards, Metrology and Quality Organization, the Zakat, Tax, and Customs Authority, and accident reassessment platform Taqdeer, Albaiz said.

Al Yamamah Steel’s Yanbu wind power factory goes live

ENERGY-

Al Yamamah Steel Industries kicked off commercial operations at Al Yamamah Wind Power Systems Factory in Yanbu Industrial City, it said on LinkedIn on Saturday. Trial operations began after the completion of the facility in July, with the initial date for commercial production set for 1 August.

REFRESHER- The Local Content and Government Procurement Authority inked agreements with Al Yamamah and the Arabian International Company for Steel Structure last October to localize the manufacturing of steel wind turbine towers.

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TRADE-

The Kingdom signed several industrial agreements during the plastic and rubber trade fair K Show in Düsseldorf, as Industry and Mineral Resources Minister Bandar Alkhorayef concluded an official visit to Germany, the ministry’s spokesman said on X on Friday. The agreements include an MoU between the National Industrial Development Center and Germany’s Flender to establish a maintenance center for industrial equipment parts in the Kingdom and contracts by Gulf Packaging Industries with German and Italian companies to expand polypropylene production lines.

INS.-

S&P Global reaffirmed Wataniya Ins.’s ratings at BBB+ and ksaAA+ on the Saudi National Scale Rating, maintaining a stable outlook for both, it said in a Tadawul disclosure yesterday.

US deregulation could free up USD 2.6 tn in lending capacity for its banks

US banks are poised for a sweeping relaxation of capital regulations that could unlock USD 2.6 tn in lending capacity, the Financial Times reports, citing an Alvarez & Marsal report. The consultancy estimates the move will free up USD 140 bn in capital for Wall Street lenders, marking a significant shift toward deregulation under President Donald Trump’s administration.

What to expect: The push to ease banking rules — led by Federal Reserve vice-chair Michelle Bowman — will include reducing requirements for high-quality capital, adjusting extra buffers for major banks, and overhauling annual stress tests. Alvarez & Marsal forecasts these changes to cut common equity tier one requirements by 14%, which could boost earnings per share by 35%.

The rationale: Washington’s renewed bank-friendly stance reverses many of the post-2008 crisis safeguards. The loosening of rules aims to strengthen large US banks, enabling them to redirect lending capacity toward sectors driving the US investment boom, such as AI, data centres, and energy infrastructure, while returning more capital to shareholders, Oliver Wyman’s Huw van Steenis told the FT.

The overhaul is a significant reversal for major banks, which had been facing a proposed 19% hike in 2023 under the “Basel Endgame” rules drafted during the Biden administration, Reuters reports. That plan, which had sparked unprecedented pushback from Wall Street, was never finalized and was abandoned following President Donald Trump’s election.

JPMorgan leads the pack: JPMorgan Chase is set to gain the most from the rule changes, with USD 39 bn in freed-up capital. Its earnings per share could rise by 31%, while return on equity may increase by 7%, according to the report.

Not everyone is following suit: While the UK is expected to reduce its bank capital requirements by 8%, the EU and Switzerland are moving to tighten regulations. EU banks could see a 1% increase in capital requirements, and Swiss banks up to 33% — potentially forcing UBS to raise as much as USD 26 bn after its Credit Suisse rescue. This split will “drive a further market share gain by US banks and the UK will just about hold its market share, while the Swiss and the EU banks will lose more ground,” Alvarez & Marsal’s Fernando de la Mora told the FT.

MARKETS THIS MORNING-

Flaring trade tensions between the US and China are weighing down Asian markets this morning, with Hong Kong’s Hang Seng down 2.2%, the Shanghai Composite down 1.2%, and Japan’s Nikkei down 1%. Meanwhile, Wall Street futures are in the green, recovering after Trump signaled on social media he might not follow through with China tariff threats.

TASI	11,494	-0.8% (YTD: -4.5%)
MSCI Tadawul 30	1,497	-0.9% (YTD: -0.8%)
NomuC	25,863	+0.2% (YTD: -17.8%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	4.75% repo	4.25% reverse repo
EGX30	37,379	0.0% (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	9,427	-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 114,973	+3.7% (YTD: +22.9%)
Sukuk/bond market index	923.57	+0.2% (YTD: +2.4%)
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 fell 0.8% yesterday on turnover of SAR 4.7 bn. The index is down 4.5% YTD.

In the green: Maharah (+9.9%), Sasco (+7.4%) and Bahri (+7.2%).

In the red: Naseej (-10.0%), Gas (-4.1%) and Care (-3.5%).

THE CLOSING BELL: NOMU-

The NomuC rose 0.2% yesterday on turnover of SAR 40.6 mn. The index is down 17.8% YTD.

In the green: Aldawliah (+14.3%), Rawasi (+12.8%) and Wajd Life (+12.1%).

In the red: Time (-7.6%), UFG (-6.9%) and Service Equipment (-6.1%).

CORPORATE ACTIONS-

Saudi Reins.Company (Saudi Re) received shareholder approval to increase its capital by 46.6% to SAR 1.7 bn via a bonus share issuance, it said in a disclosure to Tadawul yesterday. The SAR 539.8 mn hike will be funded through retained earnings, with 51.5 mn shares allocated to shareholders who will receive 4 bonus shares for every 9 shares held, in addition to 2.5 mn shares allocated for employees. The move aims to support the company's growth and strengthen its financial position.

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

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 .

16-17 October (Thursday-Friday): Joy Forum 2025, SEF Arena, Blvd City, Riyadh.

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.
6 July-23 August (Monday-Sunday): Esports World 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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