SAUDIZATION-

The Kingdom will implement the localization of 12 jobs in private sports centers and gyms starting 18 November 2026 under a Saudization plan outlined in a procedural guide (pdf), the Human Resources and Social Development Ministry said in a statement. The outlined plan requires establishments with four or more employees to achieve a 15% localization rate.

The move covers roles such as sports coach, professional football coach, sports supervisor, personal trainer, and athletics coach, with the goal of creating more positions for Saudi nationals and raising the standard of services in private sports facilities.

REMEMBER- The Ministry announced new directives earlier this year to raise Saudization rates across 269 professions in several sectors, including engineering (30% for 184 roles), dentistry (45% starting July 2025), accounting (40% for firms with over five accountants starting October this year), and pharma (35% for community pharmacies, 65% for hospital roles, and 55% for other pharma-related jobs, all effective from July 2025).

M&A WATCH-

Talco sets sights on aluminum expansion play: Al Taiseer Group Talco Industrial Company signed a preliminary, non-binding MoU with Eastern Aluminum Extrusion Factory to outline the framework for a possible acquisition, it said in a disclosure to Tadawul. The MoU — valid for nine months and extendable by mutual agreement — allows both sides to carry out feasibility studies and due diligence.

REAL ESTATE-

#1- The Saudi Investment Bank completed the sale of a land plot in Riyadh through a public auction, it said in a disclosure to Tadawul. The bank owned 44.44% of the 2.7 mn sqm site. Its share of the net proceeds — after auction-related costs — came to SAR 801.1 mn.

#2- Roshn signs new land agreements for Alarous: PIF-owned real estate developer Roshn Group inked four land-sale agreements, valued at SAR 448 mn, with four real estate developers for plots within its Alarous community in Jeddah during Cityscape Global, state news agency SPA reports. The developers will serve as sub-developers, taking on various residential projects across the site.

DISPUTE WATCH-

Midad Real Estate sues a Senaat subsidiary: Midad Real Estate Company filed a commercial case against Zamil Air Conditioning and Refrigeration Services in the Jeddah Commercial, according to a disclosure to Tadawul. The case, which targets the Advanced Building Industries Company (Senaat) subsidiary, seeks SAR 376.15 mn — including SAR 37.6 mn for attorney fees — for compensation linked to work on the Four Seasons Hotel project on the Jeddah Corniche.

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