The accidental startup issue

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WHAT WE’RE TRACKING TODAY

ASG Plastic Factory shares rise 11.5% on Nomu debut

Good morning, wonderful people. We hope you’re having a smooth start to the week (and back-to-school season) so far, even as we face more thunderstorm warnings. It’s a light issue today, with news from Planet Startups leading the way.

⚠️ WEATHER WARNING- Thunderstorms are expected to impact various parts of the Kingdom through to Thursday, the General Directorate of Civil Defense said in a warning on X. Makkah is in for the most severe conditions, including heavy rainfall, flash floods, hail, and sandstorms. Meanwhile, Riyadh, Madinah, Baha, Asir, and Jazan are also forecasted to get varying degrees of rainfall.

IPO WATCH- ASG Plastic Factory’s shares closed up 11.5% in their first day oftrading on Nomu yesterday, Tadawul said in a statement. The plastics manufacturer’s share price rose 11.5% to SAR 49.1 at yesterday’s close, up from the SAR 44 it had priced its shares in before ringing the bell on the exchange.

HAPPENING TOMORROW-

The Sports Ministry kicks off a three-day training course on volunteering and leadership skills, starting tomorrow at the Holiday Inn Tabuk. You can register here.

PSAs-

Jeddah University is banning students who don’t adhere to the national dress code from accessing its campus, it said in a post on X. Male students are required to show up in their thobe, shemagh, and agal, while women are required to put on abayas and a hair cover, as well as refrain from “exaggerating” their use of makeup and accessories.

Is this a nationwide move? The policy is reportedly being implemented across all universities in the Kingdom, Gulf News reports. EnterpriseAM Saudi was unable to confirm these reports. The Dubai-based news outlet also claimed last week that teachers had to abide by the same rule.

New Cairo-Arar air route: State-run airport operator Cluster 2 launched a new international flight route connecting Cairo to the Kingdom’s Arar International Airport, with the first flight operated last Saturday, according to a LinkedIn post. There’s no publicly available information about the flight schedule of the new route and which airline is operating the flight.

WATCH THIS SPACE-

#1- Ahram Security eyes Saudi expansion: Egypt-based security systems manufacturer Ahram Security Group is looking to establish a new factory in Riyadh by 2025, with the company currently consulting with contracting firms to take care of the necessary studies ahead of launching the project, Al Arabiya quotes Chairman Samir Aref as saying. The company may partner up with a local investor for the project, Aref said, adding that he expects the factory to begin operations in 2026.

#2- Gov’t issues tender for planned rehab center in Al Khobar: The Eastern Province Municipality is inviting bids for the development of a specialized addiction treatment hospital and psychological rehabilitation center in Al Khobar’s Al Shifa neighborhood under a 25-year contract, it said in a post on X. Prospective investors can submit their bids starting Tuesday, 22 October 2024, with a price tag of SAR 1.5k for obtaining the tender specification document.

SPORTS-

#1- Team Falcons is set to be crowned the 2024 Esports World Cup club champions after a Saturday victory that will see it clinch the title and a USD 7 mn purse at Boulevard Riyadh City, Zawya reports. The team secured their title with a significant lead. Their closest rival, Team Liquid from the Netherlands, missed out on next week's Tekken8 tournament, ending their championship hopes. Similarly, Team Vitality was eliminated from contention after failing to secure a victory in StarCraft II. The SEF Arena will host the grand finals of StarCraft II, EA Sports FC 24, and Call of Duty next Sunday, 25 August.

#2- FROM THE RUMOR MILL- An unnamed Saudi football club has reportedly renewed its interest in Real Madrid’s Eder Militao, but Los Blancos is set on retaining its center-back defender saying that it has no intention of negotiating a transfer, Forbes reports, citing Brazilian outlet Uol. This follows similar rejections by Vinicius Jr and Richarlison earlier this month.

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THE BIG STORY ABROAD-

The international press’ attention is squarely split between US presidential elections and the latest on ceasefire talks between Israel and Hamas, with the US and key regional players lobbying for an agreement to bring an end to Israel’s war in Gaza.

US Secretary of State Antony Blinken landed in Israel overnight, where he is set to meet with Prime Minister Benjamin Netanyahu and other Israeli officials today to push for a ceasefire, amid concerns that both Hamas and Israel are undermining the probability of successfully reaching an agreement. Blinken will next be in Cairo tomorrow, where the US, Qatar, and Egypt will resume talks to broker a ceasefire and hostage agreement to end the war.

The latest proposal from the US, Qatar, and Egypt includes a three-phase approach, starting with a temporary truce and a swap of hostages, and followed by eventually rebuilding Gaza. Netanyahu is reportedly on maintaining Israel’s military presence on the Gaza-Egypt border, which remains a significant sticking point. (Reuters | Bloomberg | Washington Post | New York Times | BBC)

Over in the US of A: Vice President Kamala Harris gears up to formally accept her presidential nomination with Tim Walz as her running mate today at the 2024 Democratic National Convention in Chicago. The DNC will run through to this Thursday. The event will feature speeches from President Joe Biden, former presidents Barack Obama and Bill Clinton, former Secretary of State Hillary Clinton, and First Lady Jill Biden. Reuters has a handy primer on the convention, while the Financial Times is following the event with live coverage. The Associated Press and NPR also have more.

PLUS- Markets have an eye on Wyoming, where global central bankers, economists and policymakers will gather at Jackson Hole for an annual meeting of central bank officials from Thursday through Saturday.

CIRCLE YOUR CALENDAR-

The EFG Hermes London Conference returns: EFG Hermes will hold its annual conference in London on 9-12 September, giving investors “unique and unparalleled access to leading equities in MENA and key frontier emerging markets.”

The Crown Prince Camel Festival runs until Tuesday, 10 September at the Taif Camel Racing Track, featuring 610 rounds of racing and a purse of SAR 56 mn.

The New Global Sport Conference 2024 is happening on Saturday and Sunday, 24-25 August, bringing t ogether top figures from sports, esports, gaming, entertainment, and technology. This year’s theme is the Future of Fandom, highlighting fans’ role in building brand equity and revenue.

The eight-week Esports World Cup runs until Sunday, 25 August Riyadh’s Boulevard City. The world’s top esports clubs are competing for a pool of USD 60 mn — the largest purse in esports.

The two-day Kingdom Business and Luxury Travel Congress will kick off on Wednesday, 25 September, at the Crowne Plaza Riyadh RDC Hotel and Convention.

Acwa Power’s 700 MW Ar Rass 1 solar plant begins operations

Acwa Power launches commercial operations of 700 MW solar plant: Renewables player Acwa Power inaugurated its 700 MW Ar Rass 1 PV plant in the Qassim province after receiving a commercial operation certificate for the USD 450 mn project, according to a Sunday press release.

About the plant: Acwa Power signed a 25-year Power Purchase Agreement with the Saudi Power Procurement Company in 2022 to develop, construct, and operate the Ar Rass 1 project, with the Saudi Power Procurement Company (SPPC) as the sole offtaker. The facility will have the capacity to power up to 132k homes, offsetting 1.5 mn tons of emissions per annum. Acwa Power holds a 40.1% stake in the facility, while PIF’s Water and Electricity Holding Company (Badeel) owns 20%, and China’s State Power Investment Corporation holds 39.9%.

BACKGROUND- Acwa said in its 1H 2024 earnings release earlier this month that it was set to start commercial operations for four projects worth USD 3.1 bn by the end of the year, including the Ar Rass PV plant. The company added 10.5 GW of renewable power and 400k cbm per day of water to its portfolio through new agreements signed in 1H 2024. Some 1.5 GW of power and 76k cbm per day of desalination capacity reached initial or commercial operations last year.

Ar Rass 2 is also in the works: Badeel and Acwa Power also signed a power purchase agreement with SPPC last year to develop and operate the 2 GW Ar Rass 2 solar farm. China’s Arctech was tapped to provide solar tracking solutions for L&T Construction’s Ar Rass 2 in January. Solar tracker manufacturer PV Hardware will also provide Ar Rass 2 Solar PV Park with 957 MW of its solar trackers.

Saudi banks’ total assets up 10.5% y-o-y in 2Q 2024

Tadawul-listed Saudi banks boosted their investments by 10.3% y-o-y to some SAR 835.4 bn in 2Q 2024, up from SAR 757.2 bn in 2Q 2023, according to data compiled by Mubasher.

Leading the pack: The National Commercial Bank’s investments rose 8.3% y-o-y at SAR 286.7 bn last quarter, marking the highest investment value among the Kingdom’s lenders, although Al Rajhi Bank logged the largest increase both in terms of value and in percentage terms with SAR 153 bn in investments (up 27% y-o-y). Saudi Awwal Bank came in third in terms of total investment value during 2Q 2024 with SAR 92 bn in investments at a 1.1% increase.

Bucking the trend: Aljazira Bank was the only public bank tracked by Mubasher that saw a drop in its investments during the second quarter, declining 4.7% y-o-y to SAR 34.6 bn.

Public lenders saw a 10.5% y-o-y increase in total assets to SAR c. 4 tn by the end of 2Q 2024, up from SAR 3.6 tn in the same quarter last year, according to a separate report by Mubasher. The assets of listed lenders rose 2.8% q-o-q to SAR 3.95 tn last quarter.

Bank assets were up across the board: The National Commercial Bank led the pack with a 9.2% uptick putting its assets at SAR 1.1 tn. Al Rajhi Bank followed with assets growing 10.6% at SAR 867 bn, while the assets of Riyad Bank were up 4.1% to SAR 405 bn.

Hospitality startup Yalla Plus raises SAR 10 mn in a seed round

Hospitality tech startup Yalla Plus has closed a SAR 10 mn seed round led by Merak Capital, with participation from Khwarizmi Ventures, Isometry Capital, and angel investors from Saudi and the US, according to a press release. Information about the investment structure, and the contributions of each participating investor were not disclosed.

Meet Yalla Plus: Founded in 2022 by Abdullah AlRabeh and Badser Al Nasser, the Riyadh-based platform provides an integrated point of sale system for restaurants and cafes to manage payments, customer feedback, and delivery solutions, and provide traction and sales reports. Yalla offers four plans with prices starting at SAR 650 per year.

What’s next? While there’s no specific information about where the company plans to invest the proceeds, it aims to onboard 100k brands in the next five years, expanding its operations to 50 countries in the Middle East, Europe, and Southeast Asia, up from the current 11 countries. The POS platform is also looking to expand its local, and global talent pool.

Resal secures USD 9 mn in latest investment round, with proceeds earmarked for tech, network, sector expansion

Jeddah-based ecommerce platform Resal has closed a USD 9 mn funding round from Derayah Ventures Fund, Al Wafrah AlThanya Investment Company, Venture Souq, Ad Diriyah Asset Management, Nomad Holdings, and Bugshan Investment Group, according to a press release.

What we don’t know: Information about which funding stage this is and the structure of the investment wasn’t disclosed. It’s also unclear how much each institution invested in the round, and how much share they are receiving in return.

Use of proceeds: The startup plans to use the fresh funds to expand into new verticals, diversify its offering by launching new products, and expand “its partner network and infrastructure across several different sectors.” The company claims to have onboarded 1k brands on its platforms.

Background: This investment round follows a pre-series A round in 2019 when the digital payments and rewards startup raised USD 800k led by Business Incubators and Accelerators Company, with participation from Derayah Ventures and Riyadh-based events company Nayyara.

A snapshot of KPIs: “We have doubled our sales growth recently and have increased the number of beneficiaries of our solutions to more than 1.5 mn users and over 1k entities and organizations across more than 15 sectors,” said Co-founder and CEO of Resal Hatem Kameli.

Regional footprint: Resal currently operates in Saudi, the UAE, Bahrain, Kuwait, Qatar, and Oman, with plans for further expansions into the MENA region.

Among Resal’s most notable partners: Careem, Max, Marsool, Adidas, Netflix, Noon, Shein, and Almosafer.

About Resal: Founded in 2016 by Hatem Kameli and Fouad AlFarhan, the startup provides digital solutions that connect merchants, companies, and consumers, enabling the management and exchange of loyalty points, prepaid cards, and vouchers. The company’s three platforms — Resal for Merchants, Resal for Business, and Resal Wallet app — are tailored to meet the needs of each user group. Resal’s app can be downloaded on the App Store or Google Play.

Saudi, UAE account for lion’s share of MENA venture investors in 1H 2024

Saudi and the UAE accounted for 68% of MENA-based venture investors in 1H 2024, contributing to 8% y-o-y growth in the number of local investors in the region, according to Magnitt’s 1H 2024 MENA Investor Ranking here and here (pdf). The Kingdom had four investors among MENA’s top 10 most active by transaction count.

International investors pile in: The number of global investors active in VC transactions in the region rose 75% y-o-y during the first six months of the year, buoyed by investments in the UAE and Saudi, Magnitt said. MENA was the only region among emerging venture markets to see investor number growth during the period.

Saudi’s most funded sectors: E-commerce continues to lead the pack with USD 215 mn despite a 40% y-o-y drop. Coming in second is fintech with USD 62 mn (up 360%), transport and logistics with USD 45 mn (up 275%), agriculture with USD 16 mn, and food and beverages with USD 14 mn (up 67%). Agriculture jumped 12 spots to become the fourth-most VC funded industry in the Kingdom, driven by a single USD 16 mn series A round for the agritech startup Iyris (formerly RedSea), in May.

PIF-owned Sanabil Investments emerged as the top investor across MENA in terms of deployed capital in 1H 2024, investing USD 57.3 mn in two Saudi-based startups (Oto and SiFi). California-based VC firm 500 Global was the most active by agreement count at 16 investments.

Shifts in regional investor composition: VC investments continue to dominate the regional startup ecosystem, comprising 53% of the investor base in 1H 2024, up from 47% in 2022, suggesting a robust environment for early-stage ventures. Investment companies now make up 19% of all investors in regional startups (up from 10% in 2020), while the share of corporate investors declined, with that trend possibly creating gaps in funding for late-stage startups. Additionally, the share of accelerator investments fell to its lowest in a decade at 9% in 1H 2024, down from 15% in 1H 2023, indicating a growing disposition towards direct investment.

SECO Capital launches a new multi-instrument fund, with a SAR 5k minimum subscription

FINANCIAL SERVICES-

#1- SEDCO Capital has launched a new IPO fund, aimed at achieving medium to long-term capital growth by investing in IPOs and rights issues on the Saudi stock market, according to a press release. This open-ended fund will build a diverse portfolio of newly listed companies and has the option to invest in Shariah-compliant REITs, sukuk, and money-market instruments.

The fund is available for public investment with a minimum subscription of SAR 5k at an initial unit price of SAR 10. It will be benchmarked against the SEDCO Capital Total Return IPO Index and valued daily. The annual management fee is 1.75% of the fund’s net asset value.

#2- Buruj has tapped Alinma Investment as its financial advisor for the proposed merger with MedGulf, it said in a filing to Tadawul. The two companies inked a non-binding MoU late last month to explore a merger through a share-swap agreement where MedGulf’s capital would be upped to allow for the issuance of new shares to the shareholders of Buruj.

M&A WATCH-

Saudi Agricultural and Livestock Investment Company (Salic) is set to offload its entire 40% stake in Saudi Fisheries Company to Abdulaziz bin Abdullah Al-Humaid in a potential SAR 122.4 mn transaction, according to a disclosure to Tadawul. The transaction is pending regulatory approvals and will entail changes to SALIC’s shareholding structure. Al Humaid is the chairman of Raouum Trading and Al Gassim Investment Holding, and a board member of Al Qassim Agricultural Development.

MANUFACTURING-

Middle East Paper is set to launch a SAR 345 mn tissue paper production line, which will add 60k tons annually to the company’s production output at its factory in King Abdullah Economic City (KAEC), the paper manufacturer said in a press release (pdf). The project is set to take two years to complete, with commercial operations slated for 4Q 2026. The expansion will be financed by funds from government financial institutions, bank loans, and proceeds from a recent investment by PIF, the statement said.

EDUCATION-

Ataa-operated Buckswood British School to open its doors to students this academic year: Sussex-based Buckswood British School has opened a Riyadh branch (Buckswood Riyadh) that is opening starting this academic year, the school’s local operator Ataa Educational Company said in a filing to Tadawul. The K-12 school is located in Al Izdihar district and will offer the IGCSE and IB Diploma programs, catering to students from kindergarten through high school, and is open for both boys and girls.

Background: Ataa and Buckswood Global Education launched a SAR 100k company to manage the Buckswood School in the Saudi capital under a partnership agreement they signed earlier this month. Ataa owns an 80% stake in the company, while Buckswood holds the balance.

AVIATION-

National carrier Saudia claimed the global leader title in on-time performance for the second consecutive month in July, according to data by aviation analytics company Cirium (pdf). The airline achieved an on-time arrival rate of 88.15% and an on-time departure rate of 88.12%, with the highest completion factor of 99.8%, operating 16.5k international flights last month. On time is defined as arriving / departing within 15 minutes of the scheduled time.

Regional flights: Saudia ranked third in the part of the report that tracks performance of regional flights in the Middle East and Africa, while South Africa-based Safair came first, followed by Royal Jordanian.

CONSTRUCTION-

#1- Riyadh Development and Riyadh Holding agreed to establish a new joint-stock company to develop the Deira area in Riyadh, according to a disclosure to Tadawul. Riyadh Development will hold a 46% stake in the new company through making an in-kind contribution to the SAR 675 mn Al Tameer wholesale commercial center.

#2- Real estate developer Red Sea International has landed a SAR 658 mn contract to build a staff camp for the Trojena Dam project at Neom, according to a disclosure to Tadawul. The project will be completed in two phases over a one year period.

TECHNOLOGY-

Tawakkalna app has been named the leading government platform in the Saudi Data & AI Authority’s Digital Experience Maturity Index for 2024, scored against 39 other digital platforms, according to state news agency (SPA). The index surveyed 175k users to assess their satisfaction with the government’s digital platforms.

Super app: Tawakkalna (App Store | Google Play) serves 32 mn users, offering more than 315 services in the pharma, education, healthcare, fintech, ticket booking, charity, government sectors, among others.

DEVELOPMENT FINANCE-

The Islamic Development Bank has committed USD 135 mn in financing for the Upper Atbara Dam Complex project in eastern Sudan, it said in an X post. This initiative is part of a broader USD 1.5 bn hydropower project designed to improve water and energy infrastructure. The project will mobilize 3.6 mn cubic meters of water and generate 320 MW of renewable energy at the Romela power station. It also aims to provide clean drinking water to the Al Gadaref region.

MARITIME-

Saudi Arabia transferred the command of a multinational naval task force focused on maritime security in the Arabian Gulf to the Kuwait Naval Force yesterday, according to a statement by the US Naval Forces Central Command (Navcent). Established in 2004, CTF-152 is a task force under a 45-nation naval coalition, “promoting security, stability and prosperity across approximately 3.2 mn square miles of international waters, encompassing some of the world's most important shipping lanes.”

Investors lose access to key data as China stops sharing daily flows data

Investors will no longer be able to get daily data about overseas fund flows in China's stock market after the world’s second largest economy’s stock markets stop sharing daily flows data starting today, in what Bloomberg called its latest attempt “to obscure information about overseas funds going into and out of its sagging stock market.”

This comes at a crucial time for China, which is expected to see its first yearly outflow from its bourse since 2016 as overseas fund flows continue to exit the market, Bloomberg writes. The country’s benchmark CSI 300 is down 2.5% for 2024 and is at risk of extending losses into a record fourth consecutive year.

The rationale: Analysts think of the decision as a way for Chinese authorities to reduce market volatility driven by “high-frequency data,” in hopes of making investors more concerned with long-term indicators. “Beijing stopped the release because the data hasn’t been looking good, and it’s volatile,” capital markets company abrdn Asia’s director of investment Xin Yao Ng said, adding that “they probably don’t want the data to amplify capital outflows [but] it doesn’t solve the root of the problem.”

Remember: China saw net capital outflows including net FDI outflows over 2022-2023, the IMF said last month. “Some of this may reflect multinational firms repatriating earnings. But it may also reflect shifting expectations about Chinese growth and geoeconomic fragmentation,” the Fund said.

ALSO FROM PLANET FINANCE- Libyan central bank halts operations after kidnapping of senior employee: The Central Bank of Libya suspended all operations after the head of its information technology department Musab Msallem was kidnapped by an unknown party in front of his home yesterday morning. The bank said it would only resume operations once Msallem is returned and condemned the threats leveled against the institution as different political factions vie for control of the bank.

MARKETS THIS MORNING-

Asian markets are mixed this morning after stock markets rallied last week following a global stock sell-off that triggered a market meltdown near the start of the month. The Kopsi is down 0.2% and the Nikkei is down 0.1%, while the Hang Seng is up 1.3%.

TASI	11,981	+0.6% (YTD: +0.1%)
MSCI Tadawul 30	1,489	+0.2% (YTD: -4.0%)
NomuC	25,712	-0.2% (YTD: +4.8%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	6.5% repo	5.5% reverse repo
EGX30	29,460	-0.6% (YTD: +18.3%)
ADX	9,286	+0.5% (YTD: -3.1%)
DFM	4,243	+0.6% (YTD: +4.5%)
S&P 500	5,554	+0.2% (YTD: +16.5%)
FTSE 100	8,311	-0.4% (YTD: +7.5%)
Euro Stoxx 50	4,841	+0.7% (YTD: +7.1%)
Brent crude	USD 79.68	-1.7%
Natural gas (Nymex)	USD 2.12	-3.4%
Gold	USD 2,538	+1.8%
BTC	USD 59,790	+0.6% (YTD: +41.4%)

THE CLOSING BELL: TADAWUL-

The TASI rose 0.6% yesterday on turnover of SAR 5.9 bn. The index is up 0.1% YTD.

In the green: Saudi Re (+9.9%), Chubb (+9.8%) and Alsagr Ins. (+9.3%).

In the red: SFICO (-7.9%), Al Baha (-7.7%) and SAIB (-2.1%).

THE CLOSING BELL: NOMU-

The NomuC declined 0.2% yesterday on turnover of SAR 45.1 mn. The index is up 4.8% YTD.

In the green: Leaf (+21.1%), ASG (+11.5%) and Al Modawat (+7.0%).

In the red: Mobi Industry (-10.8%), Banan (-6.8%) and AICTEC (-5.6%)

CORPORATE ACTIONS-

#1- Almasane Alkobra Mining Company is set to distribute SAR 79.7 mn in dividends for 1H 2024, at SAR 0.9 per share, it said in a disclosure to Tadawul..

#2- Jadwa Investment will distribute SAR 13.2 mn in dividends for 1H 2024 at SAR 0.2 per unit to holders of Jadwa REIT Al Haramain Fund, it said in a disclosure to Tadawul..

#3- Mohammed Hadi Al Rasheed and Partners approved a SAR 24 mn dividend distribution at SAR 2 per share, according to a disclosure to Tadawul. The distribution date is set for Tuesday, 3 September.

#4- Intelligent Oud Company for Trading will boost its capital by 20% to SAR 19.5 mn via a bonus share issuance, it said in a disclosure to Tadawul. The SAR 3.3 mn capital increase will be funded from the outfit’s retained earnings with shareholders receiving one bonus share for every five shares held. The raised capital is earmarked for shoring up the company’s capital base and supporting expansion plans.

#5- Saudi Reins. has filed to hike its capital to SAR 1.2 bn by issuing 26.7 mn new shares to the PIF, upping the PIF’s stake in the company to 23.1%, it said in a disclosure to Tadawul.

CALENDAR

AUGUST

4 July-25 August: (Thursday-Sunday): Esports World Cup, Boulevard Riyadh City, Riyadh.

10 August - 10 September (Saturday-Tuesday): Crown Prince Camel Festival,Taif Camel Racing Track.

18-22 August (Sunday-Thursday): SANS Riyadh Cyber Leaders August 2024, Hyatt Regency Riyadh Olaya.

24-25 August (Saturday-Sunday): New Global Sport Conference 2024 (NGSC24), Four Seasons Hotel Riyadh.

27-29 August (Tuesday-Thursday): Saudi Fashiontex Expo, Riyadh.

SEPTEMBER

2-4 September (Monday-Wednesday): Saudi Warehousing & Logistics Expo, Riyadh.

2-4 September (Monday-Wednesday): Saudi Wood Expo, Riyadh.

3-5 September (Tuesday-Thursday): 24 Fintech, Front Exhibition & Conference Center, Riyadh.

9-11 September (Monday-Wednesday): International Manufacturing Congress, Riyadh.

9-12 September (Monday-Thursday): EFG Hermes London Conference, Emirates Stadium, London.

10 September (Tuesday): Saudi Arabia Investors Forum, Riyadh.

10-11 September (Tuesday-Wednesday): SkyMove MENA, Riyadh.

10-11 September (Tuesday-Wednesday): Middle East LPG Expo – Saudi Arabia 2024, Intercontinental Hotel, Riyadh.

10-12 September (Tuesday-Thursday): Saudi Sports Show, Riyadh.

10-12 September (Tuesday-Thursday): Global AI Summit, Riyadh.

11-12 September (Wednesday-Thursday): The Saudi Event Show, Riyadh.

16-19 September (Monday-Thursday): Foodex Saudi, Riyadh.

17-19 September (Tuesday-Thursday): EV Auto Show, Riyadh.

17-19 September (Tuesday-Thursday): Hotel & Hospitality Expo, Front Exhibition & Conference Center, Riyadh.

18-19 September (Wednesday-Thursday): Saudi Maritime & Logistics Congress, Dammam.

18-19 September (Wednesday-Thursday): IDC Saudi Arabia CIO Summit 2024, Riyadh.

24-26 September (Tuesday-Thursday) Saudi Infrastructure Expo, Riyadh International Convention and Exhibition Center, Riyadh.

23 September (Monday): National Day (national holiday).

25-26 September (Wednesday-Thursday): Kingdom Business and Luxury Travel Congress, Crowne Plaza Riyadh RDC Hotel and Convention.

27 September (Friday): CAF Super Cup Final 2024, Riyadh.

29 September-1 October (Sunday-Tuesday): Jeddah Construct Expo, Jeddah.

29 September (Sunday): Start of Digital Chip Design Technologies training program.

OCTOBER

1-3 October (Tuesday-Thursday): Intersec Saudi Arabia 2024, Riyadh.

5-7 October (Saturday-Monday): Middle East Education & Training Exhibition 2024, Jeddah.

12 October (Saturday): Riyadh Season.

15-16 October (Tuesday-Wednesday): Solar & Storage Live KSA, Riyadh.

16-17 October (Monday-Tuesday): Global Airport & Aviation Forum, Jeddah.

21-22 October (Monday-Tuesday): Smart Ports & Logistics Transformation Summit, Riyadh.

21-22 October (Monday-Tuesday): Aussie Expo, King Abdullah Financial District Conference Center, Riyadh.

21-23 October (Monday-Wednesday): Global Health Exhibition 2024, Riyadh.

29-31 October (Tuesday-Thursday): Future Investment Initiative Conference, Riyadh.

31 October (Thursday): No-visa travel for Saudis to Montenegro on charter flights expires.

NOVEMBER

2-9 November (Saturday- Saturday): WTA Finals, Riyadh.

4-7 November (Monday-Thursday): Saudi Build, Riyadh.

26-28 November (Tuesday-Thursday): Saudi Electricity Expo, Riyadh.

11-12 November (Monday-Tuesday): World Advanced Manufacturing Logistics Summit & Expo, Riyadh.

11-12 November (Monday-Tuesday): Saudi Airport Exhibition, Riyadh.

11-14 November (Monday-Thursday): Cityscape Global, Riyadh.

18-20 November (Monday-Wednesday): The Heavy Equipment and Truck Show, Dammam.

19-21 November (Tuesday-Thursday): Saudi International Maritime Forum, Dammam.

25-27 November (Monday-Wednesday): World Investment Conference, Riyadh.

26-28 November (Tuesday-Thursday): Future Power Expo, Riyadh.

DECEMBER

1 December (Sunday): Opec+ to meet.

2-3 December (Monday-Tuesday) Wings of Change Middle East, Riyadh.

3-5 December (Tuesday-Thursday): The International Business Exchange – IBEX EVENTS, Riyadh.

2-13 December (Monday-Friday): Conference of the Parties (COP16) to the United Nations Convention to Combat Desertification, Riyadh.

11 December (Wednesday): FIFA Congress, which will decide the hosting countries for the FIFA World Cup 2030 and 2034

23-26 December (Monday-Thursday): Aqarat Expo, Riyadh.

Signposted to happen sometime in 2024:

The AFC Champions League Elite

2025

JANUARY 2025

28-29 January (Tuesday-Wednesday): Sustainability Forum Middle East, Riyadh.

FEBRUARY 2025

10-13 February (Monday-Thursday): Leap 2025, the Kingdom’s premier tech investment conference.

14-15 February (Friday-Saturday): Formula E, Diriyah.

JUNE 2025

26 June (Thursday): 2024-2025 academic year ends.

2026

UN Trade and Development Global Supply Chain Forum to take place in Saudi Arabia.

2027

The World Water Forum takes place in Riyadh.

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