Arabian Mills IPO sells out

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Arabian Mills draws in strong institutional investor demand

Good morning, ladies and gentlemen. It’s a busy Monday morning, suggesting the business community is truly shrugging off the cobwebs of summer vacation. Leading the news well this morning is an Acwa Power-led consortium locking down financing for three solar PV projects in the Kingdom, as well as Arabian Mills’ Tadawul IPO drawing in strong institutional investor demand on the first day of bookbuilding.

WEATHER– Riyadh’s mercury will peak at 41°C before dropping to a low of 28°C, and Jeddah wil see a high of 37°C and a low of 31°C.

HAPPENING THIS WEEK-

#1- The Saudi Informatics team is taking part in the International Olympiad in Informatics (IOI) in Alexandria, Egypt, which kicked off yesterday and runs through to Sunday, 8 September, SPA reports. IOI is an annual programming competition for secondary school students.

#2- The two-day Data Center Xpo summit will kick off in Riyadh tomorrow.

PSAs-

#1- The Real Estate Registry is accepting registration applications for 62.4k properties at 11 Riyadh neighborhoods, according to state news agency SPA. Registrations kicked off yesterday and will run until 5 December. Applications can be submitted via the registry’s online portal, which provides a set of services including deed transfers. Registration requires a valid title deed.

#2- King Faisal Prize Nominations for 2026 are now open: The King Faisal Prize is accepting nominations for its 2026 awards until 31 March, 2025, the charity foundation said in a post on X. The awards cover five key areas — service to Islam, Islamic studies, Arabic language and literature, medicine and science. Applications can be submitted through the foundation’s online portal.

WATCH THIS SPACE-

Subscriptions for the September round of the government’s retail sukukprogram Sah kicked off yesterday and will close at 3pm tomorrow, Mubasher reports. The instruments carry a fixed yield of 5.31%. The minimum subscription is set at SAR 1k, with a SAR 200k subscription ceiling per investor.

The receiving entities: Al Rajhi Bank, Al Jazeera Capital, SAB Invest, SNB Capital, and Alinma Investment, according to the National Debt Management Center’s website.

Background: The Finance Ministry and NDMC launched the shariah-compliant retail saving instrument earlier this year in a bid to diversify the nation’s savings offerings. The program features monthly issuances that carry annual fixed yields varying in value from month to month depending on market conditions. Every issuance matures in 12 months and has no subscription fee.

DATA POINTS-

Point-of-sale transactions rose 10.2% y-o-y to SAR 54 bn in July, according to the Saudi Central Bank’s (Sama) monthly bulletin (pdf). Ecommerce transactions using Mada cards accounted for SAR 16.6 bn, up from SAR 12.9 bn over the same period.

MARKET WATCH-

Nomu-listed Watani Iron Steel’s transfer to the main market was declined by the Saudi Exchange, citing the company’s failure to meet the necessary listing requirements, according to a statement from Tadawul. No further information was disclosed. Watani had submitted its request to the exchange in May.

The requirements in a nutshell: Companies that want to transfer from Nomu to Tadawul’s main market must have been listed on Nomu for a minimum of two calendar years before making the move. Issuers must also take a minimum stake of 30% to market, have a minimum market cap of SAR 300 mn, and have at least 200 public shareholders, according to the conditions set out by the exchange (pdf). The move would also require Watani to start publishing quarterly and annual financial statements post-listing.

SPORTS-

Chelsea’s Sterling turns down Saudi offer: Raheem Sterling, Chelsea’s 29-year-old winger, rejected an offer to join an unspecified Saudi club for GBP 650k per week, opting instead to join Arsenal on loan, Sky Sports reports.

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THE BIG STORY ABROAD-

The war on Gaza continues to dominate headlines this morning on day 331 of the conflict. Israeli Prime Minister Benjamin Netanyahu faced increasing pressure from leaders abroad to accept a ceasefire. He’s also facing public pressure at home.

Crowds of up to 500k took to the streets in Jerusalem, Tel Aviv, and other Israeli cities to protest Netanyahu’s continued stalling on a ceasefire agreement, which protestors claim is impeding the return of the remaining 101 hostages after the bodies of six others were recently recovered. The country’s biggest labor union threw its weight behind protests early this morning, calling for a general strike with the apparent blessing of Israeli manufacturers and other companies.

The protests reflect an increasingly polarized Israeli society, say much of the commentariat, with right-wing politicians threatening to bring down Netanyahu’s political coalition if he accepts a ceasefire agreement. On the far right of the country’s already far right cabinet, Israeli Finance Minister Bazalel Smotrich called on the country’s attorney general to block the planned labor strike, accusing protesters of “fulfilling (Hamas chief Yahyeh) Sinwar’s dream.”

WHILE IN INT’L BUSINESS NEWS- On an otherwise quiet day in the world of business, Intel CEO Pat Gelsinger’s plan to rejuvenate the company’s fortunes is catching the attention of the international press. Gelsinger and other top executives are slated to present a plan to the company’s board later this month that will propose breaking up some of Intel’s key businesses in its efforts to start reclaiming some ground between it and competitors like chipmaker Nvidia.

AND OVER IN EUROPE- Germany’s far-right has taken its first state election since World War II, with the once-marginalized far-right Alternative for Germany (AfD) cruising to victory in the regional election for the state of Thuringia. The party won 32.8% of the vote, leading its main rival — the center-right Christian Democratic Union (CDU) — by a margin of over nine percentage points. Next door in Saxony, the CDU is expected to barely edge out the AfD with 31.9% of the vote to AfD’s 30.6%.

CIRCLE YOUR CALENDAR-

The EFG Hermes London Conference kicks off next week: 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.”

TheCrown 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.

SRMG Academy’s technology journalism course will kick off in Riyadh on Sunday, 15 September. The five-day, TikTok-backed program will run until 19 September.

Fenaa Alawwal cultural center will kick off the contemporary art forum Muntada FAA on Sunday, 15 September at the Diplomatic Quarters in Riyadh. The forum runs until Thursday, 19 September.

Smart Cities Saudi Expo 2024 runs 24-26 September at the Riyadh International Convention & Exhibition Center.

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-led consortium lines up SAR 9.7 bn in funding for three solar projects

Acwa Power reaches financial close for three PV solar plants: Renewables giant Acwa Power, PIF’s Water and Electricity Holding Company (Badeel), and Aramco subsidiary Aramco Power, signed financing agreements worth SAR 9.7 bn (USD 2.6 bn) to develop three large-scale solar PV projects in the Kingdom, according to a disclosure to Tadawul. The funding package will support the development, design, construction, and operation of the projects, with the financing carrying a tenor of 27.3 years.

The SAR 9.7 bn funding package is provided by a syndicate of international and local banks that include Banque Saudi Fransi, Emirates NBD, First Abu Dhabi Bank, HSBC, Mizuho Bank, Riyad Bank, Saudi National Bank, and Standard Chartered Bank, the disclosure said.

About the plants: Two of the solar PV projects — Haden and Al Muwaih — will be set up in Makkah with a capacity of 2 GW each. The third, Al Khushaybi in Qassim, will have a capacity of 1.5 GW. The three plants were tendered at the start of the year with the Energy Ministry planning to tender more projects between now and the year’s close as it looks to meet a 20 GW annual target of tendered capacities for renewables. The ministry hopes to reach 100 to 130 GW of output from renewables power by the end of the decade.

The projects will be developed by a group of JV companies including Buraiq Renewable Energy, Moya Renewable Energy, and Nabah Renewable Energy.

Who owns what? Acwa Power holds a 35.1% stake in each of the project companies building out the plants. Meanwhile, PIF-owned water and electricity player Badeel holds a 34.9% stake in each of the companies involved, with Saudi Aramco Power holding the rest.

The offtaker: Saudi Power Procurement Company signed power purchase agreements for 5.5 GW of green electricity generated by the three plants in June of this year.

Arabian Mills’ IPO draws strong institutional demand, with offering fully subscribed for its upcoming IPO on Tadawul

Arabian Mills’ Tadawul IPO was fully covered within an hour of books opening for institutional investors yesterday, Bloomberg reports, citing unnamed sources it says are familiar with the matter. Bankers received orders on a price range of SAR 62-66 per share for the company’s market debut, which will see it take a 30% stake to market through a secondary share sale, according to the business information service.

What’s on the table? The flour milling company is allocating 100% of the offering to institutional investors. This can be reduced to 90% if there is sufficient enough demand from retail investors, who would then be allocated 10% of the sale. Each institutional investor can place orders for a minimum of 50k shares, and a maximum of 2.6 mn. While retail investors can subscribe for a minimum of 10 shares, and a maximum of 250k.

The timeline:

Bookbuilding for institutional investors will wrap this Thursday, 5 September. The deadline for subscription is Sunday, 15 September.
The subscription period for retail investors runs from Wednesday, 18 September to Thursday, 19 September.
Final offer allocation: Thursday, 26 September.
Refund of excess subscriptions: Thursday, 3 October.

Market cap + proceeds: At the top of the range, the selling price would give the company a market cap of SAR 3.4 bn at listing, and allow it to reel in SAR 1 bn in proceeds. The offering proceeds, after deducting estimated offering expenses of SAR 33 mn, will be distributed among the selling shareholders in proportion to the number of shares each sells.

ADVISORS- Our friends at HSBC Saudi Arabia are acting as the sole financial advisor, global coordinator, bookrunner, underwriter, and lead manager on the transaction, while Baker McKenzie is counsel, PwC is financial due diligence advisor, EY is auditor, and Euromonitor International is market consultant. Meanwhile, Alrajhi Bank, Saudi Awwal Bank, and Banque Saudi Fransi are the receiving agents.

Fresh acquisition plans at Riyadh Development + Taqat Mineral Trading

Tadawul-listed Riyadh Development inked an agreement to buy two real estate assets from Remat Al Riyadh Development for SAR 1.4 bn in a noncash transaction by issuing new shares to the sellers, it said in a disclosure to Tadawul. The move, which is pending regulatory and shareholder approval, would see Riyadh Development acquire a 787.5k sqm land plot in Dammam, along with a 214 sqm land plot in Riyadh.

To finance the purchase, the company will hike its capital by 31.6% to SAR 2.3 bn by way of issuing and selling new shares. The sellers will get a 24% stake in Riyadh Development, with the holding of the current shareholders settling at 76%.

ADVISORS- Riyadh Development has tapped SNB capital as its financial advisor with AS&H Clifford Chance providing legal counsel.

IN OTHER M&A NEWS-

Taqat extends MoU to acquire Bayan Al Naql: Scrap metal recycling firm Taqat Mineral Trading extended a non-binding MoU it had signed in May to fully acquire Company Statement Transport Trading (Bayan Al Naql), which was set to expire yesterday, according to a disclosure to Tadawul. The extension makes the agreement valid until the end of the year. No further details about the potential acquisition were disclosed.

Al Bawani + Besix break ground on 47k-seat Aramco stadium

Saudi-based Al Bawani and Belgian contractor Besix have kicked off construction at Aramco Stadium under a design and build contract, according to a joint press release. The landmark stadium is designed to accommodate some 47k spectators and is intended for delivery by 2026, in time for the 2027 Asian Football Confederation Cup. The stadium is developed by PIF-owned real estate player Roshn Group in partnership with Saudi Aramco. Information about the project’s investment size wasn’t disclosed.

REMEMBER- Saudi is looking to host a handful of international sporting events in the next decade, with plans to build out sports infrastructure to bolster its bidding position. Officials released the Kingdom’s bid book for the 2034 Fifa World Cup last month, highlighting 15 stadiums across five cities, from Riyadh to Al Khobar, Jeddah, Abha, and Neom. Saudi Arabia is the sole bidder for the 2034 World Cup after Australia backed out. The Kingdom is also exploring the possibility of bidding to host the Olympic games.

About the companies: Besix has operations across 25 countries, with a portfolio that includes Dubai’s Burj Khalifa, the Grand Egyptian Museum, and Ferrari World in Abu Dhabi. This is in addition to King Abdullah International Stadium, Al Janoub Stadium in Qatar, and the Queensland County Bank Stadium in Australia. Al Bawani’s portfolio includes the Grand Mosque, and King Abdullah Center for Oncology and Liver Diseases.

Saudi’s IP sector logs gains in 1H 2024, with copyright applications rising 80% y-o-y

Saudi Arabia’s intellectual property (IP) scene logged a sharp rise in filings across all major categories in 1H 2024, according to a report (pdf) by the Saudi Authority for Intellectual property (SAIP). Patents, trademarks, industrial designs, and copyright applications saw double-digit growth in the first half of the year, reflecting heightened awareness and activity in protecting IP rights across the Kingdom, SAIP said.

By the numbers: Copyright applications saw the biggest y-o-y growth, rising 80% to 1.2k in 1H 2024. This was followed by a 20% increase in the number of patent applications filed in 1H to 4k. Meanwhile, industrial design applications grew 16% y-o-y to 913 and trademark registration applications were up 12% y-o-y to 24.3k in the first half of 2024.

Where we’re currently at: In 1H 2024 alone, some 1.9k patents were issued, up 49% compared to the same period last year, while 726 copyright certificates were issued, up 94% y-o-y. Meanwhile, about 11.3k trademarks were registered in the first half of the year, down 25% compared to those issued in 1H 2023, while 488 industrial designs were issued, down 13% y-o-y.

Aramco led the charge, accounting for 30% of all patents issued across the country in 1H, followed by energy providers Halliburton with 7% and Schlumberger Technology with 2%. Bakher Hughes and Sabic each accounted for 1% of the total issued patents over the same period, according to the report.

Saudi-based companies accounted for 59% of total trademark filings in 1H, a 4% y-o-y increase. This was followed by US-based companies with a 16% share, Chinese companies with 13%, and the UAE with 10%, according to the report. Filings from outside of the Kingdom rose 27% y-o-y.

Meanwhile, a mixed bag of players in the automotive, machinery and pharma industries led the charge in industrial design filings, with Ferrari and Alfanar each accounting for 7% of total design filings. This was followed by a 5% contribution from both Rolex SA, and 4% from each of Regeneron Pharma and Gessi.

REMEMBER- The gov’t is ramping efforts to protect IP rights in the Kingdom: The revamped investment law has set out to establish a comprehensive regulatory framework for investor protection, including safeguarding intellectual property rights and commercial confidentiality in order to lure in foreign investors. Additionally, SAIP has recently rolled out new regulations for licensing to those seeking to manage IP portfolios or assist clients with matters related to patents, trademarks and copyright to align with international standards.

New appointments at Alamar Foods + Chubb Arabia

Chubb Arabia shuffles BoD: Tadawul-listed ins. company Chubb Arabia has tapped Serge Michel Osouf as its new board of directors chairman, and Steve Brian Dixon as vice chairman, it said in a disclosure to Tadawul.

Tadawul-listed fast food restaurant operator Alamar Foods has appointed Mario Jimenez (Linkedin) as its new CFO, effective today, according to a disclosure to Tadwaul.

Even with falling sales and higher costs, cement companies’ bottom lines grew in 1H

CONSTRUCTION-

Saudi cement companies posted a 16% bottom line increase in 1H, despite falling sales and higher fuel costs after Aramco raised prices between 58-136%, Al Riyadh reports, citing industry sources. Production costs are expected to rise 8% to 12%, with per-ton costs reaching SAR 135. To counter these challenges, some companies are shifting to methane as a cheaper fuel alternative. The sector also faces declining demand due to reduced residential loans amid high interest rates. Companies are adopting cautious pricing strategies and exploring mergers to cut costs.

AVIATION-

PIF-owned developer Red Sea Global obtained an operating license for a water aerodrome at its Shebara Resort in the Red Sea, according to a statement.

SPEAKING OF SEAPLANES- Saudi Arabia and the Maldives will work together under an newly-signed agreement to improve the safety and security of seaplanes and airstrips, according to a statement.

MANUFACTURING-

Petrochemicals firm Chemanol plans to start producing methyl diethanolamine (MDEA) in 4Q 2027, after it signed a licensing agreement with an undisclosed foreign company that owns the technology to produce the chemical, it said in a disclosure to Tadawul. Chemanol aims to produce 25 tons of MDEA annually, which will be primarily earmarked for use in the oil and gas industry.

FINTECH-

Riyadh Air customers will be able to process their payments using Noon Payments gateway, in a bid to enhance the customer experience, according to a statement.

INFRASTRUCTURE-

Saudi Real Estate Infrastructure (better known as Binyah) has secured a SAR 660.4 mn water treatment project with the Royal Commission for Riyadh City, the parent company said in a filing to Tadawul.

TECHNOLOGY-

King Abdullah Medical Complex in Jeddah has tapped Al Moammar Information Systems for a SAR 59.8 mn project in one of its healthcare facilities, according to a filing to Tadawul. The agreement will see MIS offer medical device maintenance and equipment repair services. No further details were provided.

From rate-watchers to recession hawks, it’s all eyes on Friday’s US jobs report

This coming Friday’s US payroll data will be very closely watched by folks looking for data points that build the case for the US Federal Reserve to start cutting interest rates when it meets later this month, the Financial Times reports. Economists think the US economy added 163k jobs in August, and with Fed boss Jay Powell’s emphasis on the risks of a weaker labor market, “payrolls are going to be a huge number for the markets as well as the Fed,” Kevin Flanagan, head of fixed income strategy at WisdomTree told the salmon-colored paper.

REMEMBER- Powell has signaled that “the time has come for policy to adjust,” citing cooling inflation and slowing job growth as he foreshadowed a rate cut this month.

Pundits see the Fed going for a 25 bps rate cut, with a 30% chance of a deeper reduction, according to the CME’s FedWatch tool. However, softer labor data could result in a 50 bps rate cut, according to brokerage FP Markets.

Weaker data could reignite recession fears: July’s data of only 114k new jobs fell substantially short of the 175k new jobs forecast, helping spark a global market sell-off. A softer August labor figure could stoke fears of a sharper economic slowdown — and tip the scales towards a 50 bps rate.

Some beg to differ: Despite expectations of lower payroll data, some economists are on the fence about whether it will opt for the higher rate cut. “Non-farm payroll growth from April 2023 to March 2024 looks to be softer than first thought, but not worryingly so. That supports our view that when the Fed cuts interest rates it will do so in 25bp [basis points] steps, rather than a larger 50 bps cut,” North America economist at Capital Economics Olivia Cross wrote in a note to investors, The Guardian reports.

CIRCLE YOUR CALENDAR- The Fed’s Open Markets Committee is next set to meet 17-18 September.

UP	TASI	12,189	+0.4% (YTD: +1.9%)
UP	MSCI Tadawul 30	1,521	+0.4% (YTD: -1.9%)
UP	NomuC	26,271	+0.4% (YTD: +7.1%)
	USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
	Interest rates	6.5% repo	5.5% reverse repo
	EGX30	30,903	+0.4% (YTD: +24.1%)
	ADX	9,285	+0.6% (YTD: -3.1%)
	DFM	4,325	-0.2% (YTD: +6.5%)
	S&P 500	5,648	+1.0% (YTD: +18.4%)
	FTSE 100	8,377	0.0% (YTD: +8.3%)
	Euro Stoxx 50	4,958	-0.2% (YTD: +9.7%)
	Brent crude	USD 76.93	-2.4%
	Natural gas (Nymex)	USD 2.13	+0.5%
	Gold	USD 2,527.60	-1.3%
	BTC	USD 58,432.20	-0.9% (YTD: +38.3%)

THE CLOSING BELL: TADAWUL-

The TASI rose 0.4% yesterday on turnover of SAR 5.5 bn. The index is up 1.9% YTD.

In the green: Amiantit (+9.0%), Sasco (+7.6%) and Chemanol (+7.4%).

In the red: Raydan (-3.3%), Al Rajhi Reit (-2.5%) and Bupa Arabia (-2.3%).

THE CLOSING BELL: NOMU-

The NomuC rose 0.4% yesterday on turnover of SAR 42.4 mn. The index is up 7.1% YTD.

In the green: Al Rashid Industrial (+21.4%), United Mining (+6.7%) and NGDC (+5.5%).

In the red: Al Modawat (-19.3%), WSM (-9.6%) and Lana (-7.5%).

CORPORATE ACTIONS-

#1- Acwa Power has appointed financial advisors for its capital increase: The renewables giant has tapped SNB Capital, Citigroup Saudi Arabia, and JP Morgan Saudi Arabia as its financial advisors for its SAR 7.1 bn capital increase via an issuance of shares, it said in a disclosure to Tadawul.

#2- Alkhabeer unitholders say yes to buyback: Unitholders of Alkhabeer Growth and Income Traded Fund have given the greenlight for the repurchase of up to 20 mn units — good for 20% of the fund’s units — for cancellation, according to a Tadawul disclosure.

#3- Albilad Capital will distribute SAR 295.6k in dividends to unitholders of Albilad Saudi Sovereign Sukuk ETF at SAR 0.029 per unit for August, according to a Tadawul disclosure.

#4- Bupa Arabia has completed the purchase of shares for its employee stock ownership program, it said in a disclosure to Tadawul. The company had announced the 860k share buyback in June which it said would be financed from its own resources.

#5- Jabal Omar draws closer to a capital hike: Jabal Omar Development has secured approval from the Capital Market Authority to increase its capital by way of converting a SAR 547.5 mn debt into equity, according to a news release. The move is still subject to shareholder approval and the completion of necessary regulatory procedures.

#6- The BoD of Gulf General Cooperative Ins. has called off plans for a SAR 300 mn capital hike through a rights issuance, it said in a disclosure to Tadawul.

MbS talks Gaza with regional counterparts

Crown Prince rallies support for Palestine in calls with Erdogan, El Sisi: Crown Prince and Prime Minister Mohammed Bin Salman reached out to Turkish President Recep Tayyip Erdogan and Egyptian President Abdel Fattah El Sisi in two separate phone calls yesterday to reiterate the importance of mobilizing support for the Palestinian people in Gaza, state news agency SPA reported here and here.

ALSO- Foreign Affairs Minister Prince Faisal bin Farhan received a phone call from Palestinian Prime Minister Mohammad Mustafa to discuss efforts to de-escalating the conflict in Palestine, SPA reports.

CALENDAR

AUGUST

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

30 August-7 September (Friday-Saturday): Saudi Arabia Snooker Masters, Riyadh.

SEPTEMBER

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

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

3-4 September (Tuesday-Wednesday): Data Center Xpo, Voca, 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.

15-19 September (Sunday-Thursday): SRMG Academy Technology Journalism Workshop, Riyadh.

15-19 September (Sunday-Thursday): Muntada FAA, 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).

24-26 September (Tuesday-Thursday): Smart Cities Saudi Expo 2024, Riyadh Front Exhibition & Conference Center.

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.

12 October (Saturday): Shakur Stevenson x Joe Cordina, Riyadh.

12-14 October (Saturday-Monday): Global Logistics Forum, Riyadh.

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

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

19 October (Saturday): Battle of the Giants, Mayadeen Hall, Riyadh.

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.

23-24 October (Wednesday-Thursday): UNIDO’s Multilateral Industrial Policy Forum (MIPF), Riyadh.

26 October (Saturday): Donor Conference to Support Refugees in Sahel and Lake Chad Regions, TBD.

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.

19-20 November (Tuesday-Wednesday): The Women’s Economic Forum 2024, 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

15-19 December (Sunday-Thursday): Internet Governance Forum, King Abdulaziz International Conference Center, Riyadh.

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

Signposted to happen sometime in 2024:

The AFC Champions League Elite

2025

JANUARY 2025

14-16 January (Tuesday-Thursday): Future Minerals Forum, King Abdulaziz International Conference Center, Riyadh.

27-29 January (Monday-Wednesday): Real Estate Future Forum, Four Seasons Hotel, Riyadh.

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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