Sport Clubs sets IPO price range at SAR 7-7.50 apiece

1

WHAT WE’RE TRACKING TODAY

THIS MORNING: Hawyia Auctions gains 8% on Nomu debut

Good morning, ladies and gents. Our IPO scene is still going strong despite the regional volatility, with Sport Clubs pricing its main market offering, and Hawyia Auctions gaining 8% on its first day in the parallel market. The tourism sector also reported a strong year in 2024, as international visitors spent a record SAR 169 bn. Meanwhile, UBS’ Global Wealth Report put our m’narie population as the largest in the region last year. Let’s dive in.

BUT FIRST- With the world’s press still processing the US’ strikes on Iran the day before, the question everyone is trying to answer is: what happens next? Regional security and the global economic outlook now depend on how Tehran decides to respond, with the possibility of Iran choosing to close the Strait of Hormuz or target US assets and personnel already sending diplomatic efforts and energy markets into a spin — although not by as much as some had feared.

So far, Iran’s response has been limited to exchanging missiles with Israel. Iranian Supreme Leader Ayatollah Ali Khamenei has allegedly decided not to retaliate against the US directly and “risk a harsher response that wreaks more destruction on the republic,” Iranian government insiders told the Financial Times .

But if Iran does decide to close the Strait of Hormuz, crude oil prices could soar past USD 130 per barrel, with the cutting off about 30% of the world’s daily oil supply and 20% of global LNG trade violently ramping up energy costs across the globe, according to Bloomberg analysts. In response to Iranian state TV reports that the country’s parliament had voted to approve the closing of the energy corridor, US Secretary of State Marco Rubio urged Beijing to pressure Iran to keep the passage open. (Bloomberg | Reuters | New York Times | Financial Times | Wall Street Journal | Guardian)

MEANWHILE- Saudi Arabia expressed “great concern” over the US targeting of Iranian nuclear facilities, reaffirming its condemnation of the violation of Iran’s sovereignty while calling for restraint, de-escalation, and greater international efforts to find a political solution that ensures regional stability.

WEATHER- Riyadh is expected to see a high of 44°C and a low of 30°C today, while Jeddah’s mercury will go as high as 39°C and as low as 29°C. Makkah will see a 42°C high and 31°C low.

HAPPENING TOMORROW-

The two-day Tech-ecO-System Summit kicks off tomorrow in Riyadh. The event, held under the theme For Tomorrow, brings together more than 30 speakers and 150 attendees across over 15 industries to discuss market insights, emerging technologies, and potential JVs.

PSAs-

The updated Electricity Service Provision Guide is now in effect, published in the official gazette on Friday. Consumption tariffs now stand at SAR 0.18-0.30 per kWh for residential units, while commercial units are billed SAR 0.22-0.32 per kWh.

Key revisions include capping billing correction periods at three months, reducing the disconnection grace period to 60 days from 90, updating service connection requirements, and introducing guarantees for a continuous electricity service for customers with urgent electricity needs.

WATCH THIS SPACE-

Hawyia Auctions’ share price gained 7.9% on its Nomu debut yesterday, closing at SAR 14.02. This marks the third Nomu IPO this month — after Asas Makeen and Anmat Technology ’s listings — to buck a wider trend of slumping debuts on the parallel market.

The stock is still subject to the usual Nomu debut rules — a 30% price fluctuation cap and a static 10% band over the first three sessions, followed by a 10% daily circuit breaker.

REFRESHER- The real estate marketing firm floated a 12% stake, or 2.4 mn shares, at SAR 13 apiece in a secondary offering that was 3.1x oversubscribed. The company’s three selling shareholders will take home up to SAR 31.2 mn in proceeds, before some SAR 3.6 mn are used to cover IPO-related costs, implying a market cap of SAR 260 mn at listing.

DATA POINTS-

#1- King Khalid International Airport maintained its 82% compliance rate lead among international airports serving over 15 mn passengers annually in May, the General Authority of Civil Aviation said on X yesterday. King Abdulaziz International Airport caught up to 82% during the same month, up from 73% last month),

Among airports handling 5-15 mn passengers a year, King Fahd International Airport recorded a 91% compliance rate, while Prince Mohammed bin Abdulaziz International Airport achieved 82%. All international and domestic airports with fewer than 5 mn passengers met 100% of Gaca’s standards, except for Al Jouf International Airport, which scored 91%.

#2- King Fahd University of Petroleum and Minerals broke into the global top 100 of the QS World University Rankings 2026 for the first time, jumping to the 67th spot globally this year, from 101st in 2025, according to a press release seen by EnterpriseAM.

King Saud University also rose to 143rd place, entering the top 200 this year, while King Abdulaziz University ranked 163rd, dropping 14 places. The Kingdom is targeting five universities in the top 200 by 2030.

***You’re reading EnterpriseAM Saudi, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We’re out Sunday through Thursday by 7am Riyadh time.

EnterpriseAM Saudi is available without charge thanks to the generous support of our friends at Tas’heel.

Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on saudi@enterpriseAM.com.

DID YOU KNOW that we also cover Egypt, the UAE, the MENA logistics and climate industries?

Were you forwarded this email? Tap or click here to get your own copy of EnterpriseAM Saudi delivered every weekday.
***

Sahel – what was once Egypt’s summer escape has become an economic hub, social ecosystem, and regional travel hotspot. And we’re going to help you decode its rapid evolution with EnterpriseAM Destination Sahel.

In this special four-part summer series we’re taking the insights you’ve come to expect of us seaside. Think everything from Ras El Hekma’s impact and investment opportunities to exclusive interviews with key players. And it wouldn’t be Sahel season without a sprinkling of what’s shaking up socially.

Subscribe to our Egypt edition to get the scoop delivered to your inbox tomorrow.

See you, Sahel-side.

Sport Clubs sets IPO price range at SAR 7-7.50 per share

Sport Clubs is guiding on a price range of SAR 7-7.50 per share for its main market IPO, according to a filing to Tadawul released yesterday. The IPO stands to raise up to SAR 257.3 mn in proceeds, implying a market cap of up to SAR 857.5 mn at listing.

Institutional subscriptions opened yesterday for 100% of the offering, and will run until Thursday, 26 June, during which large-scale investors will be able to book between 100k and 5.7 mn shares each. Retail investors will have a 20% clawback to subscribe to on Tuesday, 8 July, provided there is sufficient demand.

REMEMBER- The Riyadh-based fitness chain operator is taking a 30% stake to market — good for 34.3 mn shares, nearly three months after securing regulatory approval for the move. Existing shares account for some 23.9 mn shares — representing 21% of post-IPO capital — while the remaining portion being newly issued shares.

Use of the proceeds: Sport Clubs will use 60% of the net primary offering proceeds to set up and equip new fitness clubs. Meanwhile, 20% will be used to buy equipment, 16% to develop its existing facilities, and 4% to settle outstanding debts. Selling shareholders will take home net proceeds from the secondary share sale, while offering expenses will amount to SAR 25 mn.

ADVISORS- BSF Capital is quarterbacking the transaction as lead manager, financial advisor, bookrunner, and underwriter. Kirkland & Ellis International is providing counsel. PwC is serving as financial due diligence advisor, Dr. Mohamed Al-Amri & Co. Chartered Accountants as auditor, and Portas Consulting MEA as market consultant.

Receiving agents include BSF Capital, Al Rajhi Capital, Albilad Investment, Riyad Capital, SNB Capital, ANB Capital, Derayah Financial, SAB Invest, and Alinma Investment, among others.

ALSO IN THE PIPELINE-

Specialized Medical Company’s retail offering was 1.45x oversubscribed late last week;
Companies that have yet to move to the step beyond receiving the CMA’s approval include Ejada Systems, Marketing Home Group, and Dar Al Majed ;
Companies that tapped banks for potential IPOs include the PIF-backed Saudi Global Ports, Tabreed District Cooling, Medical procurement firm Nupco, Riyad Capital, and BNPL platform Tabby ;
Alramz Real Estate and Al Othaim Investment announced plans to float a 30% stake on Tadawul this year;
F&B players Barns, Half Million, Deemah, and Hashi Bashi are said to be sounding out banks for potential debuts on the main market;
Almosafer is preparing for a public listing on Tadawul by late 2025 or early 2026;
PIF-backed CloudKitchens is reportedly eyeing an IPO in the Kingdom or the UAE (or both);
Meal subscription startup Calo is also said to be eyeing an IPO here at home by 2027.

Tourist visits up 6% to 116 mn in 2024

Saudi Arabia’s tourism sector welcomed 116 mn visitors in 2024, a 6% y-o-y increase, according to the Tourism Ministry’s annual statistical report (pdf). International tourists were up 8% to a record 29.7 mn, rising 70% above pre-pandemic levels, while domestic tourists logged a 5% increase to 86.2 mn.

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

Big spenders: International tourists spent an all-time high of SAR 168.5 bn in 2024, up 19% y-o-y, with an average spend per trip of SAR 5.7k. Meanwhile, domestic tourists spent a total of SAR 115.3 bn, inching up 1% y-o-y, with an average of SAR 1.3k per trip.

Inbound tourism in numbers: Saudi Arabia’s inbound tourism peaked in March with 3.2 mn arrivals. International tourists stayed for an average of 19 nights, with Makkah the leading destination after logging 17.4 mn overnight visitors.

Why Saudi? Religion drove the most international visits to the Kingdom, accounting for 41%, but leisure travel grew the fastest at 20% y-o-y to capture 25% of arrivals, followed by visiting friends or relatives (20%), and business (7%). Overall, non-religious tourism grew 9% y-o-y, jumping 127% compared to pre-pandemic levels.

Regional breakdown: Some 33% of inbound tourists came from Asia and the Pacific, 28% from the MENA region, 27% from the GCC, 8% from Europe, 2% from Sub-Saharan Africa, and 2% from the Americas. Meanwhile, Egypt was the largest source market, sending 3.2 mn tourists our way.

What about accommodation? International visitors predominantly stayed in hotels (57%), followed by furnished apartments (22%), private accommodations (18%), and other lodging types (4%).

The domestic breakdown: Most Saudi travelers chose trips to Riyadh (12.7 mn), Jeddah (9.2 mn), and Makkah (8.3 mn). The trips, averaging 6.3 nights, were primarily for leisure (37%) and visiting friends and relatives (35%).

IN CONTEXT- The Tourism Ministry is targeting 150 mn tourist trips by 2030, with 80 mn domestic travelers and 70 mn international travelers. The ministry launched Tourise in May, a global platform designed to guide the tourism industry’s future for the next 50 years by unlocking investment and setting a sustainable agenda through year-round digital and cross-sector collaboration.

DATA POINT- The travel and tourism sector is set to contribute 10% or higher to GDP this year, amounting to SAR 447.2 bn, according to the World Travel & Tourism Council.

Jazan wraps up SAR 340 mn in development projects

The Jazan Municipality wrapped up 16 development projects on Farasan Island worth SAR 340 mn, including municipal works, housing schemes, and investment projects, it said on X on Thursday.

The projects: Jazan delivered eight municipal projects worth SAR 40 mn, covering paving, sanitation, and city operations and three residential developments across 1.7k land plots totaling SAR 280 mn. In addition, it delivered four investment projects valued at SAR 35 mn to build two fuel service centers and two construction material factories.

Eleven projects worth SAR 130 mn are still underway, including eight municipal projects worth SAR 63 mn, a 92-unit housing project valued at SAR 40 mn, a hotel development worth SAR 12 mn, and a commercial mall worth SAR 15 mn.

ICYMI- Jazan launched 524 investment prospects on the Furas platform, including festival, entertainment, and tourism events for the winter season in January.

Leen Alkhair eyes SAR 20 mn sukuk sale

Nomu-listed fresh produce retailer Leen Alkhair is teeing up a SAR 20 mn debt sale, according to a filing to the exchange. The murabaha sukuk, which is pending regulatory approval, will be issued under the firm’s Murabaha Sukuk Program, with the prospectus set to be published at a later stage.

Use of proceeds: The company will use the proceeds to shore up liquidity for its working capital needs and operational expansion plans.

ADVISORS- Leen Alkhair tapped Dinar Investment as the sole arranger on the transaction.

ICYMI- The move comes on the heels of a SAR 6 mn sukuk issuance last week by fellow Nomu-listed firm Aictec in a transaction that’s also being arranged by Dinar Investment — a sign that debt is slowly gaining traction as a funding tool on the parallel market.

Saudi’s m’naires reach 340k mn’aires in 2024, the highest in the region

Saudi Arabia saw its m’naire population grow by some 2.8% in 2024, adding around 9k new high-net-worth individuals to become the highest in the region with some 340k m’naires, according to the Global Wealth Report (pdf). The growth rate was outpaced by the UAE, which logged a 5.8% rise. The report calculates wealth in USD-terms.

The breakdown: Wealth in Saudi Arabia is primarily held in financial and non-financial assets, with financial instruments accounting for some 60% of gross personal wealth. Non-financial assets, such as property, also make up a significant portion, while debt levels are “extremely low”, remaining below 10% and hovering around the 6% mark, according to the report.

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

Wealth equality saw a marginal decrease by one percentage point between 2019 and 2024, with a Gini coefficient of 0.78 — marking a slight improvement. However, the Kingdom still ranked fifth in wealth inequality, following the UAE in fourth place.

SOUND SMART- The Gini Coefficient is a statistical measure of income or wealth distribution within a group, ranging from 0 (perfect equality) to 1 (perfect inequality). A lower coefficient indicates more equal distribution, while a higher one signifies greater inequality.

GLOBALLY- Private wealth rose 4.6% in 2024, buoyed by equity market gains and a stable USD. The US led the charge, adding over 379k m’naires—more than 1k per day—and now accounts for nearly 40% of all m’naires worldwide. UBS forecasts that the US and Greater China will be the main drivers of continued wealth growth through 2029.

Twareat Medical Care taps Mohamed Tarek as acting CEO

Twareat Medical Center appointed Moahmed Tarek El Sayed (LinkedIn) as acting CEO, following the resignation of CEO and Managing Director Amer Al Amer (LinkedIn), who stepped down to focus on his roles on the board and Executive Committee, it said in a disclosure to Tadawul yesterday. Tarek brings extensive experience in finance, administration, and accounting through his work with Tadawul-listed companies, along with expertise in corporate governance and IPO advisory.

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

Saudia Group signs 13-year engine maintenance agreement with Air France-KLM

AVIATION-

Saudia Group signed a 13-year agreement with Air France-KLM Group to maintain and service 86 GE90 engines powering its Boeing 777 fleet, it said on LinkedIn on Friday. The work will be done at Air France’s facilities in Paris and includes support using the predictive maintenance tool Prognos to maintain optimal engine performance. No financial ticket was disclosed.

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

REFRESHER- Saudia signed a maintenance, repair, and overhaul MoU with Air France-KLM last December, under which Saudia is set to handle the assembly and disassembly of GE90 engines’ modules locally while awarding 50% of the order to Air France-KLM.

ALSO– Air France is set to operate daily flights between Paris and Riyadh, starting with three weekly flights this month, ramping up to five before going daily, Arab News quoted the airline’s GM for India and the Middle East Stefan Gumuseli as saying. Air France aims to serve expats, tourists, and business travelers in the Kingdom, as it sees exponential y-o-y growth due to rising inbound demand from Saudi Arabia.

MANUFACTURING-

Gas Arabian Services (GAS) and Italy’s Bonomi are forming a new JV for manufacturing valves in the Kingdom, according to a disclosure to Tadawul released yesterday. The joint venture, Bonomi Saudi Arabia Factory, will have a capital of SAR 5 mn, with Bonomi holding a majority stake of 60%, while GAS will contribute SAR 2 mn for the remaining 40% interest. The company’s formation is pending regulatory approval and fulfilling the joint venture agreement’s terms.

ICYMI- The company signed two contracts worth a combined SAR 830 mn with the Saudi Power Procurement Company in May to build sales gas delivery systems for the Nairiyah and Rumah independent power plants (IPPs). Nomu-listed GAS withdrew its request to transition to Tadawul’s main market in January, citing the need to square away additional liquidity and regulatory requirements.

M&A WATCH-

Ethraa Holding inked a binding MoU to acquire a 100% stake in Al Reef Sugar Refinery (Resreco), in which Artex Industrial Investment owns a 15% equity stake, Artex said in a disclosure to Tadawul yesterday. The acquisition, whose value remains undisclosed, is still pending Ethraa’s due diligence and regulatory approvals.

IN CONTEXT– As part of the agreement, Ethraa is expected to pay Al Reef’s SAR 672 mn loan from the Saudi Industrial Development Fund (SDIF), as Al Reef failed to meet repayment obligations back in November, triggering SDIF to activate the loan’s protections. Artex had backed 15% of the loan, equivalent to SAR 100.8 mn, which could be reversed upon the completion of the acquisition.

REAL ESTATE-

Al TareqStar launched its first residential project in Dubai, dubbed Norah Residence, according to a press release published on Saturday. The 183-unit project — located in Jumeirah Village Circle and slated for delivery by 2Q 2027 — includes studios, apartments, and duplexes, as well as a cinema, café, gym, a yoga hall, and a play area.

Institutional appetite for BTC picks up

Corporate BTC uptick reshapes crypto trading activity: Companies worldwide — many unrelated to crypto — are upping their BTC trading volumes, mirroring a strategy that ignited explosive stock rallies for early adopters. The uptick of holdings by institutions is evidenced through the decline in BTC trading transactions despite a sustained rise in settlement values, Bloomberg reports.

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

By the numbers: Network transactions this year are down from as much as 700k per day in 2024 to 500k per day, the business news information service said, citing data from Glassnode analysts, but the value traded is roughly the same, with 2025 seeing about USD 7 bn traded everyday. This points to less people trading more, and signals institutional dominance.

“[A] lot of appetite from all types of institutions from family offices to asset managers to pension funds to sovereign wealth fund[s],” are behind the uptick, XBTO Trading LLC trader George Mandres said. Opting into an ETF is more likely when it comes to individual investors, he added.

The cryptocurrency has clawed back post-tariff losses from the spring and has climbed over 50% since US President Donald Trump’s inauguration, the Financial Times reports. The salmon-colored paper also noted its rising popularity and acceptance amongst investors and regulators, making the case for it being classified as a “mainstream asset.”

Elsewhere, the FT reported a 170% uptick over the past year in the number of BTC tokens held by firms, according to data from BitcoinTreasuries.net. A handful of companies, like software firm MicroStrategy, account for the majority of this, though it’s yet to be seen whether the holdings would weather a sustained price downturn. Companies using debt to buy BTC could be especially susceptible to potential price pressures.

The big names: Today, over 130 public companies hold USD 87 bn worth of the token, or about 3.2% of BTC’s eventual total supply. Tesla, Twenty One Capital, Metaplanet, and — predictably — Trump Media & Technology Group, which is planning a USD 2.5 bn BTC treasury, are also among the global firms with the largest numbers of BTC holdings.

MARKETS THIS MORNING-

Asian markets are firmly in the red amid fears of a wider conflict following the US’ attacks on Iranian nuclear sites. South Korea’s Kospi leads losses with a 1.05% decline, while Japan’s Nikkei lost 0.6% and China’s CSI 300 sank 0.4%. Over on Wall Street, futures are also declining following the weekend’s events.

TASI	10,574	-0.3% (YTD: -12.2%)
MSCI Tadawul 30	1,362	-0.4% (YTD: -9.8%)
NomuC	26,149	-0.1% (YTD: -16.9%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	5.0% repo	4.5% reverse repo
EGX30	31,056	+2.7% (YTD: +4.4%)
ADX	9,513	+1.0% (YTD: +1.0%)
DFM	5,352	+1.6% (YTD: +3.7%)
S&P 500	5968	-0.2% (YTD: +1.5%)
FTSE 100	8775	-0.2% (YTD: +7.4%)
Euro Stoxx 50	5234	+0.7% (YTD: +6.9%)
Brent crude	USD 78.29	+1.7%
Natural gas (Nymex)	USD 3.90	+1.4%
Gold	USD 3,397.20	+0.3%
BTC	USD 99,454.50	-2.0% (YTD: +6.3%)
Sukuk/bond market index	912.71	+0.1% (YTD: +1.1%)
S&P MENA Bond & Sukuk	144.12	-0.1% (YTD: +3.0%)
VIX (Volatility Index)	20.62	-7.0% (YTD: +18.9%)

THE CLOSING BELL: TADAWUL-

The TASI fell 0.3% yesterday on turnover of SAR 3.7 bn. The index is down 12.2% YTD.

In the green: Alistithmar Reit (+10.0%), Alsagr Insurance (+10.0%) and KEC (+5.4%).

In the red: Retal (-5.1%), Flynas (-4.1%) and Chemical (-3.9%).

THE CLOSING BELL: NOMU-

The NomuC fell 0.1% yesterday on turnover of SAR 20.5 mn. The index is down 16.9% YTD.

In the green:Meyar (+8.9%), iOud (+8.7%) and Future Care (+8.3%).

In the red: Alqemam (-7.2%), NBM (-6.8%) and Itmam (-6.1%).

CORPORATE ACTIONS-

ArabianPlastic Industrial Company (Apico) will increase its capital by 50% to SAR 75 mn, issuing one bonus share for every two existing ones and bringing the total number of shares to 7.5 mn, it said in a disclosure to Tadawul (pdf) yesterday. The move, which will be financed from the company’s retained earnings, contributes to the company’s growth plans.

CALENDAR

JUNE

24-25 June (Tuesday-Wednesday): Tech-ecO-System Summit (ToSS), Riyadh.

30 June (Monday): Cancellation of Fines and Exemption of Financial Penalties Initiative by the Zakat, Tax and Customs Authority (Zatca) deadline.

JULY

July (Second week): World Intellectual Property Organization (WIPO) Global Awards 2025 awards ceremony, Geneva.

7 July-24 August (Monday-Sunday): Esports World Cup, Riyadh.

29-30 July (Tuesday-Wednesday): US Federal Reserve Open Market Committee meeting.

31 July (Thursday): Deadline for companies with SAR 2.5 mn or more in 2022/2023 revenues to integrate e-invoicing solutions with Fatoora.

AUGUST

7 July-24 August (Monday-Sunday): Esports World Cup, Riyadh.

5-17 August (Tuesday-Sunday): 2025 Fiba Asia Cup, Jeddah.

SEPTEMBER

15-17 September (Monday-Wednesday): Money 20/20 Middle East, Riyadh.

17-18 September (Wednesday-Thursday): US Federal Reserve Open Market Committee meeting and Summary of Economic Projections.

23 September (Tuesday): Saudi National Day.

OCTOBER

1-3 October (Wednesday-Friday): Saudi Green Building Forum, Riyadh.

7-8 October (Tuesday-Wednesday): Global EV & Mobility Technology (GEMTECH) Forum, Riyadh.

15 October (Wednesday): Russian-Arab Summit.

17 October (Friday): Saudization for private healthcare roles enters its second phase.

22-23 October (Wednesday-Thursday): Private Capital Forum, Riyadh.

28-30 October (Tuesday-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

3-9 November (Monday- Sunday): WTA Tour Finals, Riyadh.

11-13 November (Tuesday-Thursday): TouriseSummit, Riyadh.

17-20 November (Monday-Thursday): Cityscape Global, Riyadh Exhibition and Convention Centre, Riyadh.

23-26 November (Sunday-Wednesday): Saudi Food Exhibition and Conference, Riyadh.

24-26 November (Monday-Wednesday): The World Advanced Manufacturing & Logistics Saudi Expo, Riyadh.

27-30 November (Thursday-Sunday): World Rally Championship Saudi Arabia 2025, Jeddah.

30 November (Sunday): Zatca 21st E-invoicing integration wave deadline.

DECEMBER

1-4 December (Monday-Thursday): International Conference on Nuclear and Radiological Emergencies, Riyadh.

1-4 December (Monday-Thursday): 61st ISOCARP World Planning Congress, Riyadh.

9-10 December (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections.

25-27 December (Saturday-Monday): The Fortune Global Forum 2025, Riyadh.

31 December (Wednesday): Zatca 22nd E-invoicing integration wave deadline.

2026

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

8-12 February (Sunday-Thursday): World Defense Show, Riyadh.

26-29 October (Monday-Thursday): World Energy Congress, Riyadh.

27-29 April (Monday-Wednesday): Aluminum Arabia, The Arena, Riyadh.

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.

Sections

About

Privacy & Support

Get EnterpriseAM daily