Acwa Power reaches financial close for two gas-fired plants at SAR 12.8 bn

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WHAT WE’RE TRACKING TODAY

THIS MORNING: FlyNow Arabia to showcase flying taxi at Drone Exhibition

Good morning. Acwa Power is leading this morning’s news well (again), after it achieved financial close for two gas-fired plants at SAR 12.8 bn. The IPO scene is also pushing ahead with updates from Marketing Home’s main market and Rawabi Marketing’s parallel market lisings. Meanwhile, the New Global Sport Conference saw a slew of agreements aimed at vitalizing the already-red-hot esports sector in the Kingdom.

HAPPENING TODAY-

International trade figures for June and 2Q 2025 are due from Gastat later today. Quarterly results are expected to see a sharp decrease compared to the same period last year, after Oil exports dropped to a four-year low in May, stretching a similar downturn in April due to Trump announcing sweeping tariffs and lower oil prices.

WEATHER- Thunderstorms and heavy rain are forecast to persist over Jazan, Asir, Al Baha, and Makkah today, with light to moderate showers expected in Madinah, Najran, Riyadh, and the Eastern Province. Riyadh is expected to see a high of 43°C and a low of 31°C today, while Jeddah’s mercury will peak at 78°C and bottom out at 33°C. Makkah will see a 37°C high and 31°C low.

HAPPENING TOMORROW-

The Franchise Go Forum kicks off tomorrow in Riyadh’s Siraj Convention Center to support entrepreneurs entering the franchising sector. The event will feature panel discussions with local and international experts, an exhibition connecting participants with franchisors, training workshops, and one-on-one advisory sessions.

PSAs-

Applications for the Industrial Hackathon are open until 1 October, with a SAR 1.7 mn prize pool spread across winners announced on 25 October. This year’s competition, organized by the Saudi Industrial Development Fund in partnership with Riyad Bank and Sipchem focuses on four main tracks, including design, production, sustainability, and automation.

WATCH THIS SPACE-

Banque Saudi Fransi (BSF) plans to issue USD-denominated tier 2 capital bonds under its Medium Term Note program via a special purpose vehicle, BSF said in a Tadawul disclosure yesterday. The size and terms of the issuance will be determined later, subject to regulatory approvals.

ADVISORS- BSF tapped Abu Dhabi Commercial Bank, Citigroup Global Markets, DBS Bank, Emirates NBD Bank, HSBC Bank, Mashreqbank, Mizuho International, and Saudi Fransi Capital as joint lead managers.

REMEMBER- The bank sold USD 650 mn in AT1 securities back in May, with an annual yield of 6.4%.

Air transport firm FlyNow Arabia will showcase its full-scale electric eCopter prototype at the Saudi Drone Exhibition, which will take place between 1-3 September at the Riyadh Front Exhibition & Conference Center, it said in a press release on Friday. The full-model — which can carry two people or 200 kg of payload — will be displayed alongside a virtual reality demo developed with drone mapping firm FalconViz.

FlyNow will run sandbox flights later this year in collaboration with local and international participants to develop and demonstrate the safe integration of eVTOL operations in low-altitude airspace. The firm also has its plan to set up an eCopters production facility in the Kingdom, targeting both local and international markets.

We knew this was coming: It was first announced in May that FlyNow Arabia is collaborating with the Transport Ministry to launch the Kingdom’s first flying taxi application for freight and passenger transportation, with a pilot phase set to launch at King Abdullah University of Science and Technology later this year.

OIL WATCH-

Saudi Arabia’s refined products exports jumped by 148k bbl / d in 2Q 2025 to hit around 1.48 mn bbl / d — the highest since 2Q 2022, Mees reports, citing Jodi data. Crude output averaged 9.31 mn bbl / d during the quarter — the highest since 2Q 2023 — while refining runs hit 2.71 mn bbl / d. Crude exports rose to some 6 mn bbl / d during the same period, bucking the usual summer dip, thanks to higher runs and supply availability.

REMEMBER– Opec+ approved an oil production increase of 547k bbl / d for September, concluding a phase of its supply restoration strategy one year ahead of schedule and bringing Saudi Arabia’s quota to 9.75 mn bbl / d.

Less burn, more exports: A 6% y-o-y increase in Aramco’s gas output and expanded renewables capacity helped trim oil burn for power and desalination by 6.3% in 1H 2025, even as electricity demand grew 10%. Oil burn averaged 1.25 mn bbl / d in June — the lowest June figure since 2021 — putting the Kingdom on track for its first annual oil burn decline since 2021, and potentially its first volume dip below the 1 mn bbl / d mark since 2019.

SPORTS-

Chinese team AG.AL landed the first-ever Crossfire championship at the Esports World Cup, defeating rivals Baisha Gaming in a close 3-2 final and securing a USD 750k prize, according to a statement. The victory marked AG.AL’s second title of the tournament after their earlier W in Honor of Kings, highlighting China’s dominance as Evolution Power claimed their third place over the Philippines’ Stallions, sealing a clean sweep of the podium.

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THE BIG STORY ABROAD-

No one story is dominating the front pages this morning, as hotter, longer summers (yes, the summer is getting longer, the Washington Post says) are bringing business activity into a near halt.

HSBC’s Swiss private bank is reportedly offloading over 1k wealthy clients in the Middle East, spanning Saudi Arabia, Lebanon, Qatar and Egypt, unnamed sources told the Financial Times and Bloomberg. The move — expected to be completed within six months — comes amid scrutiny from Swiss watchdog Finma to ensure compliance with anti-money laundering regulations. HSBC is “evolving the strategic focus of our Swiss Private Bank” as part of its wider plans to “reshape the Group,” the bank said in an emailed statement to Bloomberg. This plan entails “increasing leadership and market share in the areas where we have a clear competitive advantage.”

ALSO- A mighty fall: China’s Evergrande — once the biggest real estate firm in the country — saw its shares delisted from the Hong Kong stock exchange early this morning. The giant developer, which was valued at USD 51 bn at its peak in 2018, was crushed under a pile of USD 300 bn in liabilities amid a wider property crisis that started in 2021 and saw homebuyers and investors incur hefty losses.

ALSO WORTH NOTING-

US drinks giant Keurig Dr Pepper is close to sealing a USD 18 bn acquisition of European coffee maker JDE Peet.
US National Guard troops deployed by President Trump in Washington DC will reportedly begin carrying weapons in the capital today.

Acwa Power reaches financial close for two gas-fired plants at SAR 12.8 bn

Acwa Power reached financial close for two combined cycle gas turbine (CCGT) independent power producers, Rumah 1 and Nairyah 1, with a combined capacity of 3.6 GW, according to a press release. The company secured a SAR 12.8 bn (USD 3.4 bn) financing package to support the development, construction, ownership, and operation of the two plants.

The project details:

The Rumah 1, located in Riyadh Province, will see the construction of a CCGT power facility with a capacity of 1.8 GW. The plant will be developed under Remal Energy Company at SAR 6.4 bn (USD 1.7 bn).
The Nairyah 1, based in the Eastern Province, will add another 1.8 GW of capacity. Naseem Energy Company will lead its development and operation, with SAR 6.4 bn in funding.

The financing was arranged through a syndicate of local, regional, and international lenders. Participating institutions include the Export-Import Bank of Korea (Kexim), Saudi National Bank, Saudi Investment Bank, Banque Saudi Fransi, Standard Chartered Bank, Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, and Arab Petroleum Investment Corporation.

Who owns what? The Saudi Power Procurement Company is the principal buyer for the projects’ output under a 28-year agreement, overseeing tendering and power offtake. Project ownership is split between Acwa Power with a 35% share, Saudi Electricity Company with 35%, and Korea Electric Power Corp with 30%.

Acwa had a strong 1H: The company inked nine power purchase agreements totaling 20 GW, including 15 GW in July under the national renewable energy program, according to its earnings release. The company also achieved financial close on two additional projects worth SAR 2.4 bn. It has also just connected 2.8 GW of solar energy capacity to the Kingdom’s power grid last week.

Marketing Home Group retail offering over 200% covered

Marketing Home Group’s (MHG) retail offering was 200.2% covered, booking orders of SAR 163.4 mn, the financial advisor Alimna Capital said in a Tadawul disclosure yesterday. The clawback to 20% of the total offering kicked off on 19 August and concluded the following day after receiving interest from about 77.4k retail subscribers in 960k shares. Each retail subscriber will receive a minimum of ten shares, while the remaining shares will be distributed on a pro-rata basis at an average rate of 16.17%.

REFRESHER- The company is taking a 30% stake — good for 4.8 mn shares — to Tadawul’s main market via a secondary offering, following receiving the Capital Market Authority approval in March. MHG priced its shares at SAR 85 a pop — the top of the marketed range — after its institutional offering was nearly 10x oversubscribed. Selling shareholders are set to rake in SAR 408 mn in total proceeds from the secondary offering, giving the company an implied market cap of SAR 1.36 bn at listing.

ADVISORS- Alinma Capital is quarterbacking the transaction as the financial advisor, lead manager, bookrunner and underwriter, with Stat Law Firm providing counsel. PwC Public Accountants is acting as the financial due diligence advisor, while Euromonitor International is serving as market consultant.

Receiving agents include our friends at EFG Hermes KSA, Alrajhi Capital, SNB Capital, Saudi Fransi Capital, Riyad Capital, AlBilad Investment, AlJazira Capital, Derayah Financial, ANB Capital, Yaqeen Capital, and Al Khabeer Capital, among others.

FMCG, chemicals distributor Rawabi Marketing prices Nomu IPO at SAR 35 per share

Rawabi Marketing prices IPO: FMCG and chemicals distributor Rawabi Marketing International (RMI) priced its IPO on Tadawul’s parallel market Nomu at SAR 35, according to a disclosure to Tadawul. The company stands to rake in SAR 35 mn in proceeds, giving it a market cap of SAR 542.6 mn at listing, according to our calculations.

ICYMI- The firm is offering 1 mn shares to fund its expansion plan, which centers on building two new warehouses in Dammam and Jeddah, according to its prospectus (pdf).

What’s next? Subscriptions are set to run from Wednesday, 27 August to Wednesday, 3 September, during which qualified investors will be able to book up to 775k shares each, with the minimum limit set at 10. Final allocations will be made on Sunday, 7 September. RMI’s shareholders will not receive any proceeds; their holding will be diluted to a combined 58.6% stake, down from 62.6%, with a 12-month lockup period.

A snapshot of its latest financials: RMI’s net income fell 40.3% to SAR 11 mn in 9M 2024 on higher costs, while its revenue rose 7.8% to SAR 438.5 mn.

ADVISORS- Derayah Financial is acting as the lead manager on the transaction, while Watheeq Capital is the financial advisor. Alsaleh, Alsahli and Partener Law Firm is providing counsel, and Maham Professional Consulting is the auditor.

Receiving agents include EFG Hermes, Alinma Capital, BSF Capital, Alrajhi Capital, Albilad Capital, Riyad Capital, SNB Capital, Sahm, Musharaka, Yaqeen, Alistithmar Capital, Alkhabeer Capital, Aljazira Capital, Awaed, and Derayah.

ALSO IN THE NOMU PIPELINE- Medical equipment supplier Wajd and Nayomi brand operator Jamjoom Fashion Trading were the latest to issue a prospectus for their Nomu IPOs, while Hammad Mohammed Bin Saedan Real Estate and the National Signboards Company for Industry (SignWorld) have recently priced their offering. Meanwhile, Alwazn Almithaly for Trading, Qudra for Communications and IT, and Afaq Al Arabiya for Transportation and Storage, have lined up the Capital Market Authority’s approval to IPO on Nomu.

Slew of agreements signed on sidelines of NGSC

The New Global Sport Conference (NGSC) saw numerous agreements signed to support the Kingdom’s gaming and e-sports startups and companies. The two-day event by the Esports World Cup Foundation (EWC) wrapped up yesterday in Riyadh and brought together over 1.5k delegates. This included representatives from 25 major game publishers, more than 50 esports clubs, 500 CEOs and global leaders from the gaming, esports, sports, and technology sectors to explore this year’s theme “The Next Game.”

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

#1- Impact46 invested over SAR 200 mn in Saudi gaming studio Kammelna, best known for its electronic card game Baloot, the company said on X. The move follows the company’s SAR 25 mn investment in five new gaming studios, namely Riyadh-based Fahy Studios, NJD Games, Starvania Studio, Beirut- and San Francisco-based Game Cooks, and Turkey-born Alpaka Games, as part of its SAR 150 mn gaming fund.

#2- Savvy Games Group partnered with Amazon Web Services (AWS) to bolster the Kingdom’s games-tech infrastructure, supporting companies, startups, and developers, it said in a press release yesterday. Through its Skill Builder program, AWS will provide online courses on building in-demand cloud and AI skills, with the AWS Activate program providing gaming startups with resources and benefits to turn ideas into businesses.

#3- King Abdulaziz City for Science and Technology (KACST) inked a partnership agreement with Sphera, whereby the local gaming solutions firm will be hosted on and connected to the KACST-operated Saudi Arabian Internet Exchange, with supervision by the Communications and Information Technology Ministry, state news agency SPA reported on Saturday. The agreement aims to ramp up investments, boost gaming and cloud services, and create a supportive environment for local gaming startups.

#4- SDB: The Social Development Bank (SDB) inked an MoU with the Investment Ministry to implement a unified set of procedures, along with the National Development Fund, to attract international gaming and e-sports companies, the SDB said on X.

ICYMI- The EWCF unveiled a new biennial tournament, the Esports Nations Cup (ENC), set to debut in Riyadh in November 2026. Unlike the club-based Esports World Cup (EWC), the new tournament will feature national teams and will include team-based and solo-player formats.

Zetta Technologies secures USD 12 mn in Series A funding

Local hardware and IT solutions startup Zetta Technologies raised USD 12 mn in a Series A funding round, led by Core Vision Investment and National Dimensions Investment, it said on LinkedIn yesterday.

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

Use of proceeds: Zetta — founded in 2023 by Faisal Al Abdulsalam (LinkedIn), Tabrez Mohiuddin (LinkedIn), Alwaleed Altheeb (LinkedIn), and Saeeduddin Shah (LinkedIn) — will allocate the fresh funds to scale up its device-as-a-service (DaaS) model, which allows clients to access global tech devices, along with related management and support services, by subscribing to annual bundles tailored to the needs and size of each company. Zetta offers flexible payment options for its services.

Najran launches SAR 1.15 bn development plan covering water, sewage, and rural projects

REAL ESTATE-

Najran launched ten developmental projects worth SAR 325 mn, state news agency SPA reported yesterday. Implemented by the National Water company, the projects include six projects worth over SAR 201 mn to expand water networks across Najran in phases one and two, along with three additional projects valued at more than SAR 122 mn under phases three and four. Also, a SAR 2 mn chemical analysis laboratory for agricultural products was opened.

Meanwhile, 19 new projects valued at SAR 825 mn were inaugurated focusing on critical infrastructure, including nine water projects worth SAR 422 mn for new reservoirs and networks, and three sewage projects of value SAR 323 mn for treatment plants. In rural areas, five sustainable projects totaling SAR 69 mn were launched, covering livestock complexes and marketing centers. Projects also included an SAR 8 mn project to develop the infrastructure for Najran National Park and a SAR 1.8 mn initiative to secure abandoned wells.

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

M&A WATCH-

Shatirah House Restaurant (Burgerizzr) signed an agreement to acquire a 60% stake in Coffee Bean Trading (Shovel), it said in a disclosure to Tadawul yesterday. The acquisition, aimed at enabling Burgerizzr to tap into the café sector, will be funded via the company’s own resources and is subject to regulatory approvals. No financial details were disclosed.

DEBT WATCH-

Almoosa Health Group lined up a SAR 650 mn shariah-compliant loan from Banque Saudi Fransi to support its expansion and growth plans, it said in a disclosure to Tadawul yesterday. The seven-year credit facility is backed by a promissory note and will be used to fund the healthcare provider’s ongoing and future projects.

Oman’s stock rally revives IPO hopes, gives privatization drive a lift

A strong rally in Oman’s stock market is helping revive investor appetite for IPOs and reignite momentum behind the country’s stalled privatization program, writes Bloomberg. Muscat’s benchmark MSM 30 Index is up 18.5% since an April low, driven by credit rating upgrades, macro reforms, and improved performance by recent listings, including OQ Base Industries and OQ Exploration and Production — both of which had initially struggled after going public.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Oman’s IPO volumes had outpaced London’s in 2024, but lackluster early performance dampened sentiment, prompting Oman Electricity Transmission to pause its listing in March. Now, those same stocks are showing signs of recovery — with OQ Base Industries up more than 40% and OQ E&P up nearly 20% since April. The recovery has “restored investor confidence,” said Arqaam Capital’s Rawad Kassouf. Kamco Invest’s Junaid Ansari expects IPO activity to continue but with selectivity on valuations. Meanwhile, “generous dividends” yielding over 7% — among the highest in the GCC — are also helping ease investor concerns about liquidity, he added.

The government’s push to secure emerging-market status from MSCI is also drawing attention. Kassouf said the upgrade could unlock some USD 1 bn in passive and active fund inflows, improve liquidity, and drive re-ratings. Getting there will require more blue-chip listings, bigger freefloats, and consolidation among smaller players — all part of ongoing market reforms. OQ E&P’s share buyback plan might appear to run counter to this goal, but analysts see it as minor and likely offset by the recent rally.

Also in Oman’s favor is two investment-grade credit rating upgrades in under a year, driven by strong non-oil growth and falling public debt. The upgrades have lifted investor sentiment and “bode well for the privatization agenda,” according to Tellimer’s strategist Hasnain Malik.

The Muscat exchange has also been active in introducing liquidity-stabilization tools and market-making programs to boost efficiency. For their part, Omani companies have intensified investor outreach, showing up at more conferences and marketing events. If the rally holds, “investors will begin to see meaningful returns on recent IPOs which will help build confidence,” said Oman Investment Bank ECM head Ankit Garg. He added that momentum could help the sultanate move forward with its listing plans.

MARKETS THIS MORNING-

Asian markets are in the green in early trading this morning as investors react to Federal Reserve Chair Jerome Powell’s latest remarks signaling a rate cut in September. The Hang Seng is leading the gains, up 1.9%. Japan’s Nikkei, the Shanghai Composite, and the Kospi are all trailing behind.

TASI	10,905	+0.4% (YTD: -9.4%)
MSCI Tadawul 30	1,411	+0.1% (YTD: -6.5%)
NomuC	26,507	-0.1% (YTD: -15.8%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	5.0% repo	4.5% reverse repo
EGX30	35,812	+0.5% (YTD: +20.4%)
ADX	10,209	+0.1% (YTD: +8.4%)
DFM	6,126	0.0% (YTD: +18.8%)
S&P 500	6,467	+1.5% (YTD: +10.0%)
FTSE 100	9,321	+0.1% (YTD: +14.1%)
Euro Stoxx 50	5,488	+0.5% (YTD: +12.1%)
Brent crude	USD 67.80	+0.1%
Natural gas (Nymex)	USD 2.64	-1.7%
Gold	USD 3,411	-0.2%
BTC	USD 113,355	-1.7% (YTD: +20.7%)
Sukuk/bond market index	911.1	+0.1% (YTD: +1.0%)
S&P MENA Bond & Sukuk	148.48	+0.3% (YTD: +6.1%)
VIX (Volatility Index)	14.22	-14.3% (YTD: -18.0%)

THE CLOSING BELL: TADAWUL-

The TASI rose 0.4% yesterday on turnover of SAR 4.1 bn. The index is down 9.4% YTD.

In the green: Emaar EC (+7.9%), SIIG (+7.0%) and Red Sea (+6.8%).

In the red: Albabtain (-3.2%), Chemical (-2.3%) and Rasan (-2.1%).

THE CLOSING BELL: NOMU-

The NomuC fell 0.1% yesterday on turnover of SAR 31.4 mn. The index is down 15.8% YTD.

In the green: Apico (+9.3%), Knowledgenet (+8.9%) and United Mining (+8.2%).

In the red: Asas Makeen (-11.0%), NBM (-7.1%) and Nofoth (-5.9%).

CALENDAR

24-26 (Sunday-Tuesday): The International Facility Management Conference and Exhibition, Riyadh International Convention and Exhibition Center.

26-28 August (Tuesday-Thursday): Franchise Go Forum, Siraj Convention Center, Riyadh.

24 August-27 November: Title deed registration for 8.7k properties in Jeddah’s Al Sheraa and Al Amwaj neighborhoods.

31 August (Sunday): Deadline for companies with SAR 40 mn in revenues from goods and services during July 2025 to integrate e-invoicing solutions.

3Q 2025

The National Water Company is expected to award a construction contract for the Hail Region Water Networks project.

SEPTEMBER

1-3 September (Monday-Wednesday): Saudi Drone Exhibition, Riyadh Front Exhibition & Conference Center.

3-4 September (Wednesday-Thursday): Sustainable Maritime Industry Conference (SMIC), Ritz-Cartlon, Jeddah.

3-4 September (Wednesday-Thursday): The first International Forum for Talent in Higher Education, Jeddah University’s Conference Center.

5 September (Friday): The Visual Arts Commission will hold two public dialogues in Seoul during Frieze Seoul Week under its Art & Ideas program.

9-11 September (Tuesday-Wednesday):The Saudi Food and Drug Authority and the UN’s Food and Agriculture Organization’s Hack4safeFood, Riyadh.

9-11 September (Tuesday-Thursday): International Beauty Expo 2025, Jeddah Superdome.

9-11 September (Tuesday-Thursday): Seredo Real Estate Development and Ownership Exhibition, Jeddah Superdome,

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

15-17 September (Monday-Wednesday): Global Infrastructure Forum, Riyadh International Convention and Exhibition Center.

16-18 September (Tuesday-Thursday): Kids & Toys Expo, Riyadh Front Exhibition & Conference Center.

16-18 September (Tuesday-Thursday): Gifts & Homeware Expo, Riyadh Front Exhibition & Conference Center.

16-18 September (Tuesday-Thursday): Stationery & Paper Expo, Riyadh Front Exhibition & Conference Center.

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

23 September (Tuesday): Saudi National Day.

29 September-1 October (Monday-Wednesday): Intersec Saudi Arabia, Riyadh International Convention and Exhibition Centre, Riyadh.

OCTOBER

1 October (Wednesday): Electronic salary transfer via the Musaned platform to include employers with two or more domestic workers.

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

1-3 October (Wednesday-Friday): FIBO Arabia 2025, Riyadh Front Exhibition & Conference Center.

5 October-8 January 2026: Title deed registration for 3.2k properties in Al Yasmin district, Hail.

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

12 October-15 January 2026: Title deed registration for 31.7k properties in 14 neighborhoods in the Eastern Province.

15 October (Wednesday): Russian-Arab Summit.

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

21 October (Tuesday): The Visual Arts Commission will hold a public talk and a live performance in Paris through Asia NOW under its Art & Ideas program.

21-23 October (Tuesday-Thurday): Global Internet of Things Congress 2025 (GIoTC 2025), the Arena Venue, Riyadh.

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

23-25 October (Thursday-Saturday): Zenos Wellness Summit, Bab Samhan Hotel, Riyadh.

24 October-1 November (Friday-Saturday): AlUla Wellness Festival.

26-27 October (Sunday-Monday): The Global Proptech Summit 2025, Mandarin Oriental Al Faisaliah, Riyadh.

27-30 October (Monday-Thursday): Global Health Exhibition, Riyadh Exhibition and Convention Center, Riyadh.

27-30 October (Monday-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

2 November (Sunday): Naming ASICS Innovation Pitch competition’s six finalists.

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

7-8 November (Sunday-Monday): The Visual Arts Commission will conclude its Art & Ideas program with a two-day symposium in Riyadh.

8-9 November (Saturday-Sunday): Del Monte Superleague Supercup, Jeddah.

9 November (Sunday): The deadline for applications for the second batch of the Standard Incentives for the Industrial sector deadline.

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

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

19-22 November (Wednesday-Saturday): PIF Saudi International Golf Championship, Riyadh Gold Club.

20 November (Thursday): Deadline for title deed registration for 14.6k properties across 21 neighborhoods in Qassim.

22 November (Saturday): The Ring IV, ANB arena, 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.

24-26 November (Monday-Wednesday): Metropolis Madinah Conference for civilizational capitals, King Salman International Convention Centre (KSICC), Al Madinah.

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

28-30 November (Friday-Sunday): UIM F1H2O World Championship, 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.

7-9 December (Sunday-Tuesday): CoMotion Global 2025, 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.

31 December (Wednesday): Cancellation of Fines and Exemption of Financial Penalties Initiative by the Zakat, Tax and Customs Authority (Zatca) deadline.

December: Made in Saudi exhibition, Riyadh International Convention and Exhibition Center, Riyadh

2026

JANUARY

1 January (Thursday): Electronic salary transfer via the Musaned platform becomes mandatory for all domestic workers in the Kingdom.

13-15 January (Tuesday-Thursday): Future Minerals Forum, King Abdul Aziz International Conference Center, Riyadh.

20 January (Tuesday): SuperReturn Saudi Arabia, Hotel Fairmont, Riyadh.

18-21 January (Sunday-Wednesday): Saudi Hospital Design and Build Expo, Riyadh.

26-27 (Monday-Tuesday): GPRC Summit, Riyadh.

26-28 (Monday-Wednesday): Saudi Franchise Expo (SFE), Riyadh Exhibition and Convention Centre, Riyadh.

26-28 (Monday-Wednesday): Real Estate Future Forum, Four Seasons Hotel, Riyadh.

27-28 (Tuesday-Wednesday): SkyMove Air Cargo MENA, Riyadh.

28 (Wednesday): Data Center Nation Riyadh, Riyadh.

28-30 (Wednesday-Friday): Jeddah International Travel and Tourism Exhibition (JTTX), Jeddah.

FEBRUARY

2-4 (Monday-Wednesday): Saudi Media Forum, Riyadh.

2-4 (Monday-Wednesday): Women Leaders Summit and Awards KSA, Riyadh.

3-4 (Tuesday-Wednesday): RLC Global Forum Annual Meeting, Riyadh.

5-7 February (Thursday-Saturday): LIV Golf 2026 season opener, Riyadh Golf Club, Riyadh.

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

9-14 February (Monday-Saturday): Asian Racing Conference, Crowne Plaza Riyadh RDC Hotel & Convention Centre, Riyadh.

11 (Wednesday) Digital Transformation Summit Saudi Arabia (DTS), Riyadh.

11-14 (Wednesday-Saturday): JeddaDerm, Jeddah.

13-14 February (Friday-Saturday): Jeddah E-Prix 2026, Jeddah.

MARCH

31 March (Tuesday): Zatca’s 23rd E-invoicing integration wave deadline.

APRIL

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

OCTOBER

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

Signposted to happen sometime in 2026:

UN Trade and Development Global Supply Chain Forum to take place in Saudi Arabia.
November: The Esports Nations Cup, Riyadh.

Signposted to happen sometime in 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.

Signposted to happen sometime in 2Q 2027:

The Hail Region Water Networks Project is expected to be completed.

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Acwa Power reaches financial close for two gas-fired plants at SAR 12.8 bn

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