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Aramco mulling a USD 10 bn asset sell-down?

1

WHAT WE’RE TRACKING TODAY

THIS MORNING: AlKhorayef Group is reportedly tapping banks for oil and gas services unit IPO

Good morning. We have another brisk issue this morning, led by unconfirmed reports that oil giant Aramco is looking at a USD 10 bn sell-down of assets, and a SAR 1.5 bn expansion project at King Abdulaziz Port inaugurated, courtesy of Mawani and SGP. Let’s dive in.

HAPPENING TODAY-

#1- The Saudi-Italian Investment and Business Forum kicks off today at the Mandarin Oriental Al Faisaliah in Riyadh, continuing a series of joint investment events between the Kingdom and Italy aimed at strengthening economic partnership and expanding cooperation. The two-day forum will bring together senior officials and business leaders to explore investment and cooperation prospects in the Kingdom, particularly in energy, manufacturing, tourism, infrastructure, advanced technologies, logistics, and other vital sectors.

#2- The General Aviation Airshow – Sand & Fun kicks off today at Al Thumamah Airport in Riyadh. The five-day event will feature over 90 aerial performances and nighttime light shows, in addition to an exhibition area hosting more than 100 companies to showcase the latest in aviation technology and design. The program also includes Hangar Talks where experts and Saudi astronauts discussing sustainable aviation, eVTOL aircraft, and AI in aerospace.

WATCH THIS SPACE-

#1- IPO WATCH- Dammam-based AlKhorayef Group is reportedly engaging investment banks and financial advisors for a potential IPO of its oil and gas services unit, AlKhorayef Petroleum, Bloomberg reports, citing sources it says are familiar with the matter. AlKhorayef Petroleum operates across the Middle East, Africa, and Latin America, while its parent company, AlKhorayef Group, spans industrial services, lubricants, and water solutions. The PIF acquired a 25% stake in the subsidiary in 2023.

IN CONTEXT- The move comes as the Kingdom remains the region’s most active IPO market this year, with nearly USD 4 bn raised, despite mixed performance among major listings, according to the business information service.


#2- Cenomi Centers opens books on FCY debt sale: Institutional and retail investors have until today to subscribe to Cenomi Centers’ new USD-denominated sukuk, with minimum orders set at USD 200k with USD 1k increments, according to a bourse disclosure. The Reg S-compliant offering — which was announced late last week and kicked off yesterday — carries a five-year maturity with its final size, pricing, and yield subject to market conditions. The notes will be listed on The International Stock Exchange (TISE), a European-based (but non-EU) exchange headquartered in Guernsey.

ADVISORS- Our friends at Mashreq are serving as joint lead managers alongside Abu Dhabi Commercial Bank, Arqaam Capital, Citigroup, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Goldman Sachs International, JP Morgan, Sharjah Islamic Bank, and the National Bank of Ras Al Khaimah. Mashreq is also serving as a global coordinator on the transaction along with Abu Dhabi Commercial Bank, Citigroup, Emirates NBD Capital, and Goldman Sachs International.


#3- Saudi and Portuguese companies inked 15 investment agreements on the sidelines of the Saudi-Portuguese Forum held in Riyadh, Secretary-General of the Saudi Chambers of Commerce Waleed Alorainan told Asharq Business (watch, runtime: 2:43). Discussions were held regarding projects in infrastructure, airports, and ports, during which Saudi projects in were presented.

DATA POINT- Alorainan added that 25 Portuguese companies have obtained, or are in the process of obtaining, licenses to operate in Saudi Arabia, joining the 650 Portuguese companies already active in the Kingdom. Bilateral trade between the two countries amounts to SAR 3 bn, including SAR 2 bn in Saudi exports to Portugal.


#4- The Kingdom delivered the second and final shipment of its pledged oil support to Syria, with a tanker carrying 1 mn barrels of crude docking at Baniyas port, Syria’s Energy Minister Mohammed Al Bashir said on X. The cargo completes the 1.65 mn-barrel grant, aimed at covering local fuel needs and supporting ongoing economic and development cooperation between the two countries.


FROM THE RUMOR MILL- Two new alcohol stores are planned in the Kingdom, including one for diplomats in Jeddah and another in Dhahran catering for non-Muslim staff at Aramco, unnamed sources told Reuters. Both stores are to open in 2026, but no timelines are released yet, the newswire quoted two of the sources.

Not the only rumor regarding alcohol this week: Premium residency holders — non-Muslim expatriates on the special residency track — are now able to buy from Riyadh’s diplomatic quarter liquor store, previously reserved exclusively for foreign diplomats, Semafor reported earlier, citing people it said are familiar with the matter. The sources said the change wasn’t officially announced and circulated merely by word of mouth.

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***

THE BIG STORY ABROAD-

US markets started the week in a sea of green, buoyed by increased odds of a December rate cut that took investors’ minds off AI bubble fears. The Nasdaq rose 2.69% — its best day since May — on strong Alphabet and Nvidia gains, while the Dow was up 0.44% yesterday and the S&P 500 inched up 1.55%. (Reuters | CNBC)

Not everyone is bullish: The “Big Short” investor Michael Burry used the first post in his newly launched paid-subscription newsletter Cassandra Unchained to warn AI’s inflated valuations could be leading to a dot-com-like bubble down the road. Burry has reportedly placed a USD 1.1 bn wager against AI’s poster children Nvidia and Palantir.

  • What he said: “The five public horsemen of today’s AI boom — Microsoft, Google, Meta, Amazon and Oracle — are joined by several adolescent startups in promising nearly USD 3 tn in spending on AI infrastructure over the next 3 years. […] And once again there is a Cisco at the center of it all, with the picks and shovels for all and the expansive vision to go with it. Its name is Nvidia.” (Reuters | CNBC | Bloomberg)

ALSO- US domestic politics are taking center stage: Headlines are dominated by a federal judge‘s dismissal of indictments against former FBI director James Comey and New York Attorney General Letitia James, the latest judicial rebuke for the Trump administration’s attempts to resort to the criminal justice system to target opponents. (CNN | Washington Post | NY Times | Associated Press)

ALSO WORTH READING THIS MORNING-

  • Another escalation against Venezuela saw the US formally designate President Nicolás Maduro and close allies as members of a foreign terrorist organization. (Reuters)
  • CNN unpacks why the crypto market is crashing.

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2

CAPITAL MARKETS

Aramco is reportedly mulling a USD 10 bn asset sell-down

Aramco is reportedly considering selling a range of assets — including a stake in its oil export and storage terminals — in a move that could raise more than USD 10 bn, Bloomberg reports, citing people it says are familiar with the matter. The terminals business, viewed as a lucrative asset, could see a formal sales process as early as next year.

The company has also asked banks to pitch for feasibility-study roles, though discussions remain preliminary and no final decisions have been made, the sources said. Bankers have since pitched Aramco multiple disposal scenarios. The sales could be structured either as direct equity sales or through a lease-style arrangement similar to the USD 11 bn Jafurah gas infrastructure play it struck with a BlackRock-led consortium in August.

Ras Tanura hub could be in the cards: Aramco’s key export and storage infrastructure includes its main hub at Ras Tanura on the Arabian Gulf, with additional terminals on the Red Sea. The company owns stakes in product terminals in the Netherlands and leases crude and product storage capacity in Egypt and in Okinawa, Japan.

.. and a slice of its real estate portfolio? Aramco is said to be weighing the sale of some of its real estate holdings, which could fetch several bn USDs on their own and may draw strong interest as the Kingdom moves ahead with plans to open up the sector to more foreign ownership.

IN CONTEXT- The potential sales would mark a shift from Aramco’s earlier pipeline-focused sales. With oil prices down roughly 20% this year, the oil giant has delayed some projects and is looking to sell assets in a bid to fuel ongoing investments, just as global investor appetite for Aramco’s infrastructure began increasing.

3

LOGISTICS

Mawani, SGP inaugurate SAR 1.5 bn expansion project at King Abdulaziz Port

Saudi Port Authority (Mawani) and Saudi Global Ports (SGP) inaugurated a SAR 1.5 bn expansion of the second container terminal at King Abdulaziz Port, according to a statement. The terminal expansion is set to raise its capacity from 2.5 mn TEUs to 3.8 mn TEUs.

Background: Mawani awarded SGP the expansion project under a build-operate-transfer model, as part of a broader SAR 7 bn development project covering developments in two of King Abdulaziz Port’s terminals back in 2023. The two expansions are set to increase the port’s total capacity by 120% to 7.5 mn TEUs. SGP has been operating the two terminals since 2020 under a 30-year concession.

PLUS- SGP broke ground on the SAR 1.3 bn integrated logistics park at King Abdulaziz Port in Dammam, according to a statement. The park — spanning a 1 mn sqm area — will offer storage for general cargo and dedicated facilities to handle dry and refrigerated goods, alongside local distribution solutions and automated high-value services.

REFRESHER- SGP, a JV between the Public Investment Fund and Singapore’s PSA International, secured the contract to build the logistics park back in 2023 under an agreement valued then at SAR 1 bn.

Dammam has been getting a lot of action over the last few years, with two logistics zones totaling SAR 500 mn investments announced in 2025, a SAR 200 mn grain storage hub and a logistics zone disclosed in 2024, as well as a SAR 150 mn logistics center from 2023. The Eastern Province is also planning to build an 8 mn sqm regional logistics hub, the Dammam Regional Logistics Center, near the Dammam Port.

4

IPO WATCH

KDL seeks SAR 16.1 mn in Nomu IPO

Khaled Dhafer & Brother’s Logistics Services (KDL Logistics) priced its Nomu IPO at SAR 23 per share, Argaam reports citing a bourse disclosure. The final offer price will see it raise some SAR 16.1 mn in gross proceeds, implying a market cap of SAR 80.5 mn at listing, according to our calculations.

ICYMI- KDL is the first pure-play logistics player to go public in the Kingdom since SAL Saudi Logistics Services’ 2023 main market debut. KDL’s founding family is selling down its positions to a combined 80% stake, subject to a 12-month lockup period, and pocketing net proceeds. Some 700k shares — good for a 20% stake — will be up for grabs in a secondary offering on the parallel market.

Books open next week: Qualified investors can apply for up to 175k shares each between Sunday, 30 November, and Wednesday 3 December. Final allocations are due Monday, 8 December.

IN CONTEXT- KDL is heading to a market that’s turned more selective following two Nomu withdrawals in June — namely Al Khaldi Logistics and Dome International. The index’s total value traded dropped to SAR 2.05 bn in 3Q, from SAR 2.98 bn a year earlier, and average daily turnover slipped to SAR 31.5 mn versus SAR 45.9 mn in 3Q 2024. IPO activity slowed with four listings on the parallel market in 3Q, down significantly from 10 in 2Q.

ADVISORS- Arbah Capital is quarterbacking the IPO as financial advisor and bookrunner, with Maham signing off as external auditor. Receiving agents include Al Rajhi Capital, SNB Capital, Alinma Capital, Riyad Capital, Anb Capital, BSF Capital, and Albilad Capital, among others.

5

DEBT WATCH

Corporates will turn to global debt markets as investment needs overwhelm internal funding resources -S&P

Publicly-listed corporates are poised to tap global debt markets more aggressively as Vision 2030 capex outpaces their strong but insufficient internal resources, according to an S&P Global report. The annual capex of Tadawul-listed companies is projected to reach USD 85-95 bn in the period between 2025-2027 — up from USD 85 bn last year. The credit rating agency expects borrowers, especially state-owned entities, to lean on both Saudi banks and cross-border bond and sukuk markets to plug the ever-growing funding gap.

The macro picture backs it: S&P expects Saudi GDP to average 3.5% during 2025-2028, driven by a recovery in oil output and ongoing diversification efforts. Corporate profitability is expected to hold up, with EBITDA margins remaining resilient despite lower oil prices, slightly higher domestic inflation, and tougher competition in consumer sectors.

BUT- Leverage will rise as companies continue to invest heavily, and it remains to be seen whether earnings growth keeps pace with the buildup of debt. S&P also flags that credit metrics should remain “broadly unchanged,” helped by cost rationalization.

Capex remains dominated by state-linked companies, especially Aramco, but non-oil spending is now a permanent feature of the landscape. Nearly 90% of projected capex will come from companies owned directly or indirectly by state-owned entities, such as the PIF and GOSI. Energy remains the biggest ticket item, but listed Saudi corporates are also plowing money into materials, telecom, and utilities as they deliver on Vision 2030 mandates.

Debt due: Some 30% of aggregate corporate debt comes due within 12 months — similar to the 30-35% seen in 2023-2024. State-owned entities are expected to account for 60-65% of maturities between 2026 and 2029.

Refinancing needs are manageable for now, but meaningful. Listed companies will need to refinance or repay USD 45-55 bn between 2Q 2025 and 2Q 2026, with state-owned entities accounting for most short-term maturities. S&P sees refinancing risk as contained thanks to strong access to banks and capital markets.

Banks will also be shopping for more: Domestic banks will remain critical financiers, but they will need external funding to keep pace with demand. S&P expects banks to issue USD 65-75 bn in new corporate loans annually over 2025-2026, mostly to real estate and utilities. Banks’ net external debt is expected to rise to 6% of total loans by end-2026, up from 1% in 2024, as deposit growth (about 8.5%) will not be fast enough to match loan growth. In higher-growth scenarios where lending accelerates faster, the net external debt ratio could climb toward 8-10%.

DATA POINT- Between 2017 and mid-October 2025, Saudi non-financial corporates issued USD 78.6 bn in FCY debt, including USD 43 bn from Aramco alone. PIF-owned companies (excluding Aramco) accounted for USD 14.8 bn of total issuance since 2017, with state-owned entities and their linked companies representing around 91% of issuance by non-financial corporates.

Private sector on the rise: Private-sector issuance remains small at roughly USD 7 bn, but S&P expects this segment to grow gradually as capital markets deepen and more companies seek long-term, fixed-rate financing for megaprojects and to diversify away from bank lending. A handful of private issuers, mainly Dar Al Arkan, Arabian Centres, and Almarai are expected to keep tapping the USD bond market.

6

MOVES

Saud Alsulaiman named chair of Saudi–Swedish Business Council

Saud Alsulaiman (LinkedIn), CEO of Alsulaiman Group, was appointed chair of the Saudi–Swedish Business Council for the 2025–2029 term, the group said on LinkedIn. Over this term, the council’s work will focus on strengthening bilateral trade, expanding cooperation, and enabling sustainable, innovation-driven initiatives for business communities in both countries.

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

7

ALSO ON OUR RADAR

Saudization enters the fitness arena with 12 roles to be localized

SAUDIZATION-

The Kingdom will implement the localization of 12 jobs in private sports centers and gyms starting 18 November 2026 under a Saudization plan outlined in a procedural guide (pdf), the Human Resources and Social Development Ministry said in a statement. The outlined plan requires establishments with four or more employees to achieve a 15% localization rate.

The move covers roles such as sports coach, professional football coach, sports supervisor, personal trainer, and athletics coach, with the goal of creating more positions for Saudi nationals and raising the standard of services in private sports facilities.

REMEMBER- The Ministry announced new directives earlier this year to raise Saudization rates across 269 professions in several sectors, including engineering (30% for 184 roles), dentistry (45% starting July 2025), accounting (40% for firms with over five accountants starting October this year), and pharma (35% for community pharmacies, 65% for hospital roles, and 55% for other pharma-related jobs, all effective from July 2025).

M&A WATCH-

Talco sets sights on aluminum expansion play: Al Taiseer Group Talco Industrial Company signed a preliminary, non-binding MoU with Eastern Aluminum Extrusion Factory to outline the framework for a possible acquisition, it said in a disclosure to Tadawul. The MoU — valid for nine months and extendable by mutual agreement — allows both sides to carry out feasibility studies and due diligence.

REAL ESTATE-

#1- The Saudi Investment Bank completed the sale of a land plot in Riyadh through a public auction, it said in a disclosure to Tadawul. The bank owned 44.44% of the 2.7 mn sqm site. Its share of the net proceeds — after auction-related costs — came to SAR 801.1 mn.

#2- Roshn signs new land agreements for Alarous: PIF-owned real estate developer Roshn Group inked four land-sale agreements, valued at SAR 448 mn, with four real estate developers for plots within its Alarous community in Jeddah during Cityscape Global, state news agency SPA reports. The developers will serve as sub-developers, taking on various residential projects across the site.

DISPUTE WATCH-

Midad Real Estate sues a Senaat subsidiary: Midad Real Estate Company filed a commercial case against Zamil Air Conditioning and Refrigeration Services in the Jeddah Commercial, according to a disclosure to Tadawul. The case, which targets the Advanced Building Industries Company (Senaat) subsidiary, seeks SAR 376.15 mn — including SAR 37.6 mn for attorney fees — for compensation linked to work on the Four Seasons Hotel project on the Jeddah Corniche.

8

PLANET FINANCE

What will the investment landscape look like next year?

Goldman Sachs Asset Management is out with its investment outlook for 2026(pdf), giving us our first look into next year’s investment landscape and potential market catalysts. The asset manager sees the possibility of easing fiscal cycles, continued significant investment in artificial intelligence, and a rebound in M&A momentum as key trends that could drive portfolio value growth next year.

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

Setting the scene: Next year is expected to be shaped by central bank actions, trade stability, fiscal deficits, continued geopolitical tensions, credit risks in the banking sector, and high market concentration.

BREAKING DOWN THE TRENDS-

#1- Rate cuts topped the list of trends likely to drive portfolio growth next year. “We believe easing cycles present opportunities across asset classes,” the asset manager said. “Rate cuts could benefit fixed income, including front-end US Treasuries, and investment-grade credit, where the rate component of yields is higher than in the past, meaning total returns benefit from falling rates.”

Closer to home: The Fed moving forward with rate cuts sets the stage for merging markets to slash rates without having to worry about currency weakness.

#2- The asset manager sees capital expenditure spending on AI by US tech giants “remaining durable” next year. The report notes that industry experts have repeatedly underestimated AI capex over the past couple of years. While initial public market excitement around generative AI focused on a limited set of stocks, Goldman Sachs’ asset management arm expects investment potential to expand into other emerging companies.

The fine print: While AI capex is one of the big drivers that can accelerate growth and unlock value within investment portfolios, the report notes that “return on investment visibility” in AI companies is still limited, and that there is a need for a “rigorous analysis of business fundamentals” of these entities.

#3- It also expects the recovery of dealmaking that was seen this year to continue into next year, referring to the increase in M&A activity in the US and Europe. This uptick is expected to drive a broader revival in private equity activity and boost demand for private credit financing. A rise in M&A activity may also attract more attention to smaller companies, “which form the backbone of activity.”

Other factors that could spur markets: The outlook also highlighted US tax cuts and deregulation, economic security, and global power demand — driven by AI and non-AI data demand — as trends that could drive growth in investment portfolios.

MARKETS THIS MORNING-

Asian markets are inching higher this morning, with South Korea’s Kospi leading gains, up 1.1% in early trading. The Hang Seng, Shanghai Composite, and Nikkei are trailing behind.

TASI

10,852

-1.4% (YTD: -9.8%)

MSCI Tadawul 30

1,416

-1.6% (YTD: -6.2%)

NomuC

24,101

-0.1% (YTD: -23.4%)

USD : SAR (SAMA)

USD 3.75 Sell

USD 3.75 Buy

Interest rates

4.5% repo

4.0% reverse repo

EGX30

4,245

-1.2% (YTD: +37.6%)

ADX

9,772

-0.2% (YTD: +3.8%)

DFM

5,831

-0.1% (YTD: +12.5%)

S&P 500

6,705

+1.6% (YTD: +14.0%)

FTSE 100

9,535

-0.1% (YTD: +16.7%)

Euro Stoxx 50

5,529

+0.3% (YTD: +12.9%)

Brent crude

USD 63.37

+1.3%

Natural gas (Nymex)

USD 4.52

-0.8%

Gold

USD 4,168

+0.9%

BTC

USD 88,292

+1.7% (YTD: -5.6%)

Sukuk/bond market index

918.36

0.0% (YTD: +1.8%)

S&P MENA Bond & Sukuk

152.18

+0.1% (YTD: +8.8%)

VIX (Volatility Index)

20.52

-12.4% (YTD: +19.0%)

THE CLOSING BELL: TADAWUL-

The TASI fell 1.4% yesterday on turnover of SAR 7.3 bn. The index is down 9.8% YTD.

In the green: Miahona (+5.6%), Fakeeh Care (+3.7%) and Takween (+3.2%).

In the red: Nahdi (-7.8%), Alandalus (-7.4%) and Senaat (-6.7%).

THE CLOSING BELL: NOMU-

The NomuC fell 0.1% yesterday on turnover of SAR 25 mn. The index is down 23.4% YTD.

In the green: Sign World (+12.1%), Alrasheed (+10.0%) and Lenn Alkhair (+9.4%).

In the red: Mayar (-9.2%), Horizon Educational (-8.6%) and Apico (-7.2%).


NOVEMBER

20-29 November (Thursday-Saturday): Public school holiday.

23-27 November (Sunday-Thursday): Global Industry Summit by United Nations Industrial Development Organization, King Abdulaziz International Conference Center, Riyadh.

23-27 November (Sunday-Thursday): The UNIDO General Conference, King Abdulaziz International Conference Center, Riyadh.

30 November -11 December (Sunday-Thursday): The Absher Tuwaiq Hakathon (remote).

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

25-29 November (Tuesday-Saturday): General Aviation Airshow 2025 – Sand & Fun, Thumamah Airport, Riyadh.

26-29 November (Wednesday-Saturday): World Rally Championship Saudi Arabia 2025, Jeddah.

27 November (Thursday): Deadline for title deed registration for 8.7k properties in Jeddah’s Al Sheraa and Al Amwaj neighborhoods.

27-29 November (Thursday-Saturday): F1H2O UIM World Championship, Grand Prix of Jeddah.

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

30 November-1 December (Sunday-Monday): FII Priority Asia, Fairmont Tokyo.

DECEMBER

1-3 December (Monday-Wednesday): Industrial Transformation Saudi Arabia, Riyadh International Convention & Exhibition Center.

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

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

2-4 December (Tuesday-Thursday): Black Hat MEA, Riyadh Exhibition and Convention Center, Malham.

3-5 December (Wednesday-Friday): Beyond Profit Forum, Ritz-Carlton Hotel, Riyadh.

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

8-9 December (Monday-Tuesday): Digital Acceleration and Transformation Expo (DATE), JW Marriott hotel, Riyadh.

8-9 December (Monday-Tuesday): Climate Action and Renewable Energy (CARE), JW Marriott hotel, Riyadh.

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

11 December (Thursday): Deadline for title deed registration for 214.2k properties across Riyadh and the Eastern Province.

11 December (Thursday): Public school holiday.

11-13 December (Thursday – Saturday): The Absher Tuwaiq Hakathon (in-person).

15-17 December (Monday-Wednesday): Host Arabia, Riyadh Front Exhibition and Conference Center.

15-17 December (Monday-Wednesday): Saudi HORECA, Riyadh Front Exhibition and Conference Center.

16-17 December (Tuesday-Wednesday): Global Airports Forum (GAF) 2025, Riyadh International Convention and Exhibition Center, Riyadh.

19 December (Friday): The 2025 Saudi Toyota Championship wraps up.

25 December (Thursday): Title title deed registration deadline for 64.4k properties across neighborhoods in Madinah, Makkah, Riyadh, and the Eastern Province.

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): Title deed registration deadline for 54k properties in 77 neighborhoods across Riyadh, Makkah, and the Eastern Province.

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

10-18 January (Saturday-Sunday): Public school mid-year break.

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

15 January (Thursday): Title deed registration deadline for 31.7k properties in 14 neighborhoods in the Eastern Province.

15 January (Thursday): Title deed registration deadline for about 157.3k properties in 78 neighborhoods across the Eastern Province.

15 January (Thursday): Title deed registration deadline for about 41.7k properties across 115 neighborhoods in Riyadh, Qassim, and the Eastern Province.

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

26-27 January (Monday-Tuesday): SuperReturn Saudi Arabia, Hotel Fairmont, 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.

26-28 (Monday-Wednesday): IFAT Saudi Arabia, Riyadh Front Exhibition & Conference Center, 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.

2-13 (Monday-Friday): 2026 Asian Road Cycling Championship and Paralympic Cycling, Qassim.

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 International Convention and Exhibition Center, Riyadh.

9-10 February (Monday-Tuesday): Global Games Show Riyadh 2026, Malf Hall, 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.

15-17 February (Sunday-Tuesday): The World Advanced Manufacturing & Logistics Saudi Expo, Riyadh Front & Exhibition Center.

26 February (Thursday): Title deed registration deadline for 142.8k properties across 104 neighborhoods in Hail.

MARCH

21 March (Saturday): Fanatics Flag Football Classic, Kingdom Arena, Riyadh.

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

APRIL

6 April (Monday): Procurement and Supply Chain Futures Forum, Al Faisaliah Hotel, Riyadh.

6-7 April (Monday-Tuesday): Real Estate Supply Chain Forum, Al Faisaliah Hotel, Riyadh.

12-15 April (Sunday-Wednesday): Saudi Print & Pack, Riyadh International Convention & Exhibition Center.

12-15 April (Sunday-Wednesday): Riyadh International Industry Week, Riyadh International Convention & Exhibition Center.

12-15 April (Sunday-Wednesday): Saudi Plastics & Petrochem, Riyadh International Convention & Exhibition Center.

12-15 April (Sunday-Wednesday): Saudi Smart Logistics, Riyadh International Convention & Exhibition Center.

13-16 April (Monday-Thursday): Leap Tech Conference, Riyadh Exhibition & Convention Center – Malham.

20-22 April (Monday-Wednesday): The Future Hospitality Summit, Mandarin Oriental Al Faisaliah Al Faisaliah Hotel, Riyadh.

20-22 April (Monday-Wednesday): Saudi Paper and Packaging Expo, Riyadh International Convention & Exhibition Center.

21 April (Tuesday): GC Summit Saudi Arabia 2026, Saudi Arabia.

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

MAY

3-5 May (Sunday-Tuesday): Sports Investment Forum (SIF), Riyadh.

3-9 May (Sunday-Sunday): The Global Sustainability Expo, The Arena Riyadh Venue.

JUNE

21-24 June (Sunday-Wednesday): Saudi Food Exhibition and Conference, Riyadh Front Expo.

SEPTEMBER

15-17 September (Tuesday-Thursday) The Global AI Summit, King Abdulaziz International Convention Center, Riyadh.

OCTOBER

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

Signposted to happen sometime in 2026:

  • November: UN Trade and Development Global Supply Chain Forum to take place in Saudi Arabia.
  • November: The Esports Nations Cup, Riyadh.
  • The Intervision international music competition will take place in Saudi Arabia.
  • 6 July-23 August (Monday-Sunday): Esports World 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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