SAUDIZATION-

The Kingdom will implement the Saudization of the housing supervisor profession in establishments providing shared accommodation for individuals, the Saudi Gazette reports. The outlined plan applies to establishments with 20 or more beneficiaries and requires a minimum monthly salary of SAR 5k for Saudi housing supervisors.

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The move covers roles in residential complexes, mobile homes, and residential buildings that meet the health, safety, and technical requirements set by municipal guidelines, intending to create more positions for Saudi nationals and ensure compliance with Saudization quotas in the housing sector.

REMEMBER- The Human Resources and Social Development 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).

LOGISTICS-

Chinese logistics firmHizon Logistics is plugging SAR 30 mn into a new logistics park at King Abdulaziz Port in Dammam after inking an agreement with Saudi Ports Authority (Mawani) on Thursday, according to a post on X. The timeline for the project was not disclosed.

The details: The 47k sqm park will offer specialized container offloading and storage services at the port. This includes the development of yards and warehouses with an annual handling capacity of 600k tons. The park also aims to generate over 100 jobs annually in the logistics sector.

AUTOMOTIVE-

Czech automaker Škoda Auto entered the Saudi market via a partnership with the Kingdom’s Volkswagen Group representative Samaco Motors, it said in a press release. The initial portfolio will include the Kodiaq, Karoq, Kushaq, Octavia, and Octavia RS, with the Superb and Slavia sedans set to follow. The first retail sites will open in Jeddah and Al Khobar by year-end, with a flagship showroom in Riyadh featuring a “fully digital customer experience” planned for 2026.

DISPUTE WATCH-

CMA approves two class-action lawsuits: The Capital Market Authority’s (CMA) Securities Disputes Resolution Committee approved the registration of two class-action lawsuits filed by investors against Maena Investment and 2060 Agricultural Company, according to a statement. Both complaints allege that the companies offered shares without following regulatory procedures, prompting investors to seek contract termination and refunds.

  • Investors who subscribed to shares in either company have 90 days to join the class actions via the CMA website.
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