Final regs for White Land Tax law are out. PLUS: Sama greenlights residential mortgage-backed securities from SRC

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Could Trojena delays move 2029 Asian Winter Games out of Saudi?

Good morning, wonderful people. We kick off the last workweek in August with a light issue featuring the final regs for the White Land Tax law, SRC getting the green light for residential mortgage-backed securities from Sama, and more.

HAPPENING TODAY-

#1- The Federation of Saudi Chambers — represented by the Saudi-Syrian Business Council — is hosting its first Saudi-Syrian private sector investment forum today, state news agency SPA reported on Thursday. The event brings together government officials and council members to explore potential investments, partnerships, and ways for the Saudi private sector to support Syria’s reconstruction.

ICYMI- The Saudi-Syrian Investment Forum, which was held in July, wrapped up with 47 agreements, valued at around SAR 24 bn. The agreements spanned sectors including real estate, infrastructure, finance, energy, telecommunications, technology, tourism, manufacturing, and trade.

#2- The International Facility Management Conference and Exhibition commences today and will run through Tuesday at the Riyadh International Convention and Exhibition Center. The three-day event, organized by Saudi Facility Management Association, will see over 210 entities and 200 speakers participate in more than 120 workshops focused on promoting sustainability, adoption of smart technologies, and developing local competencies.

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 42°C and a low of 30°C today, while Jeddah’s mercury will peak at 38°C and bottom out at 33°C. Makkah will see a 38°C high and 30°C low.

PSAs-

#1- The Commerce Ministry’s draft executive regulations for the Precious Metals and Gemstones Law are currently up for public consultations on the Istitlaa platform, where feedback will be received until Thursday, 4 September 2025. The proposed regulations aim to align with the amendments to the Precious Metals and Gemstones Law approved in October last year, which grants the Industry Ministry the authority to oversee precious metals and gemstone production while authorizing the Commerce Ministry to regulate their trade.

#2-Applicants can now register for the real estate hackathon Aqarthon, set to run from 29 September to 1 October, the Real Estate General Authority said in a statement on Friday. The event — in partnership with Al Yamamah University — will feature workshops and training programs aimed at developing digital solutions for property management, brokerage advertising and development.

#3- Title deed registration for about 31.8k properties in 14 neighborhoods in the Eastern Province will run from 12 October to 15 January 2026, the Real Estate General Authority said in a statement on Thursday. Another 3.2k properties in the Al Yasmin district in Hail will be open for registration from 5 October to 8 January 2026. Owners can register through the Real Estate Registry platform, with each property assigned a unique number and registration deed containing detailed information once registered.

WATCH THIS SPACE-

#1- Saudi Arabia and the Olympic Council of Asia (OCA) are reportedly on the hunt for new countries to potentially host the 2029 Asian Winter Games, amid construction hurdles at the designated mountain resort Trojena, Bloomberg reported on Friday, citing sources it said are in the know. Informal talks have been held between Saudi and Chinese officials, the sources said, amid reports that the estimated USD 19 bn project — originally scheduled for completion in 2026 — may face delays.

On the OCA radar: The OCA contacted the Korean Sport and Olympic Committee (KSOC) to gauge its interest in hosting the tournament, Bloomberg cited an emailed statement from a KSOC official. The OCA acknowledged the risks of delays at Trojena, but stated it is too early to make a call, suggesting next year would be a more suitable time.

BACKGROUND- The Kingdom is reportedly racing to finish Trojena ahead of the 2029 Games amid tough engineering challenges, tight deadlines, and growing financial pressures on its gigaprojects, Bloomberg reported last week. The Kingdom might resort to scaling back its plans for Trojena to meet deadlines and host the tournament in 2033, swapping the 2029 edition with China, some of the sources said.

#2- Humain Chat’s Allam comes online tomorrow: Allam — the AI model powering Humain Chat — will be launched tomorrow in partnership with the Saudi Data & AI Authority, CEO Tareq Amin said on LinkedIn yesterday. Allam is developed entirely by a Saudi team from infrastructure and model to application, Amin told Alarabiya earlier this month.

Starting strong: Since launching earlier this year, PIF-backed Humain has signed over USD 23 bn worth of agreements with US tech firms, including Nvidia, AMD, Amazon Web Services, and Qualcomm, Amin said in May. The company is also expected to launch a USD 10 bn venture capital fund this summer, and it established in June a new division for advertising, video games, and film, Humain Create, in partnership with US-based generative AI startup Luma AI.

DATA POINTS-

#1-Nearly 15.2 mn pilgrims performed Umrah in 1Q 2025, with Saudis accounting for 24% of the total and males making up 60.5%, the General Authority for Statistics (Gastat) said in a statement on Thursday. Around 6.5 mn pilgrims came from abroad, up 10.7% y-o-y, mostly via air (82.2%). Meanwhile, domestic pilgrims totaled 8.7 mn, 58% of whom were non-Saudis. Madinah visitors reached 6.5 mn during the quarter, including 4.4 mn from abroad.

#2-The population of Saudi women reached 9.8 mn in 2024, with those aged 15-34 accounting for 35.7% of the total and those aged 20–24 making up 17.6%, Gastat said in a statement on Thursday. Female unemployment fell to 13% last year, down from 19% in 2022, while labor force participation rose to 36% and the share of employed Saudi women reached 31.8%.

SPORTS-

#1- Esports Nations Cup unveiled: The Esports World Cup Foundation is launching a new biennial tournament, the Esports Nations Cup (ENC), set to debut in Riyadh in November 2026, it said in a statement yesterday. The event will feature national teams, unlike the club-based Esports World Cup (EWC), and will include team-based and solo-player formats.

More details: The foundation is working with video game publishers such as US-based Electronic Arts, South Korea’s Krafton, China’s Tencent, and France’s Ubisoft to identify top players and select national coaches. The ENC will use a multi-layered system combining global rankings, regional qualifiers, and Wildcard entries.

Four editions of the tournament will rotate host cities in countries where esports is popular. Prize money is expected to be similar to the USD 70 mn offered at the second EWC, CEO Ralf Reichert told Reuters.

ALSO- Homegrown Falcons claimed their second consecutive Esports World Cup title, topping the standings with 4.9k points, state news agency SPA reported on Friday. The Falcons beat top international clubs in the event concluding today, with the Netherlands’ Team Liquid in second place (4.2k points) and France’s Team Vitality in third spot (3.95k points).

#2-Al Ahli won the Saudi Super Cup for the second time after defeating Al Nassr 5-3 on penalties yesterday in Hong Kong, after a 2-2 draw. Cristiano Ronaldo opened the scoring with his 100th goal for Al Nassr, becoming the first player to score 100 goals for four different clubs. Franck Kessie leveled the score for Al Ahli in the first half’s stoppage time.

In the second half, Marcelo Brozovic put Al Nassr ahead in the 82nd minute, but Roger Ibanez scored an equalizer for Al Ahli seven minutes later, sending the game to a penalty shootout.

#3- FROM THE TENNIS WORLD- The Public Investment Fund (PIF) launched ATP TennisIQ platform in partnership with Association of Tennis Professionals (ATP), the PIF said in a press release on Friday. The PIF-powered tech platform will provide 2k ATP Tour and ATP Challenger Tour players and coaches with real-time insights and match analytics using advanced scouting, video analysis, and wearables insights.

REMEMBER- The PIF inked in February 2024 a “multi-year strategic partnership” with ATP Tour, the governing body of men’s professional tennis, becoming the official naming partner of ATP rankings and partner in ATP Tour events, including Indian Wells, Miami, Madrid, Beijing, and Italy’s Nitto ATP Finals, as well as the Next Gen ATP Finals, which Jeddah will host until 2027.

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THE BIG STORY ABROAD-

Famine declared in Gaza: The Integrated Food Security Phase Classification (IPC), the world's leading hunger monitor, has declared that a quarter of the enclave’s population of 2 mn are suffering from famine, accusing Israel of the "systematic obstruction" of food supplies. Deaths from malnutrition have been spiking all around the packed war-torn area, rising to 273 deaths, including 112 children.

“It is a man-made disaster, a moral indictment – and a failure of humanity itself,” UN Chief António Guterres said, placing the “unequivocal” responsibility of ensuring access to food and medical supplies on Israel “as the occupying power.”

FROM THE FED- Chair Jerome Powell hinted at the resumption of the interest rate easing cycle in September, arguing at the Jackson Hole meeting on Friday that "in the near term, risks to inflation are tilted to the upside, and risks to employment to the downside — a challenging situation."

Nothing set in stone: Despite being under pressure from the Trump administration to move ahead with rate cuts, Powell cautioned that a September rate cut is not a given and that “monetary policy is not on a preset course.” Markets were happy nonetheless, with S&P 500 soaring after the first minutes of the speech and closing 1.5% higher on Friday.

The meeting comes amid more drama surrounding the Fed, with the US government now targeting governor Lisa Cook, urging her removal due to allegations of mortgage fraud that have yet to be confirmed. (Guardian | Bloomberg | Financial Times)

OVER IN TECH- President Trump said on Friday the US snapped up a 10% stake in chipmaker Intel for USD 8.9 bn by converting government grants into equity. The transaction came at a discounted share price, lower by USD 4 than Intel’s closing price on Friday, and was preceded by White House demands for CEO Lip-Bu Tan to resign over his ties to Chinese firms.

ALSO- Meta and Google have struck a USD 10 bn cloud computing agreement that will see the Facebook owner use Google Cloud's servers, storage, networking and other services as it looks to bring online more AI services. (Bloomberg | Reuters | CNBC | The Information)

New regulations set White Land Tax levies at 2.5%-10% based on urban development priority

The Housing Ministry published the final executive regulations for the Kingdom’s White Land Tax Law in the Official Gazette, tightening enforcement on undeveloped plots within urban boundaries. The Ministry posted the draft regulations on Istitlaa in July.

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

The details: All urban idle lands will be classified according to their development priorities into five categories, determined annually by Minister-appointed committees. Land plots in the highest-priority category will incur a 10% levy, falling to 7.5% for high-priority plots, 5% for the medium-priority plots, and 2.5% for the low-priority ones. A fifth category will not face annual fees but will still be counted within the total of undeveloped lands.

The tax applies to any plot (or aggregated holdings of one owner) of 5k sqm or larger within urban boundaries, with land co-owners individually liable for their proportional share of the tax. Taxes must be paid within one calendar year, and owners must pay all taxes before any transfers of ownership.

The exemptions: The tax is suspended if the land is fully developed before the deadline determined by the committees, with owners getting a refund of the full amount if they already paid their taxes. Lands are also exempted if they are deemed unbuildable for reasons beyond the owner’s control.

Revenue from taxes and fines will fund housing projects, in coordination with the Finance Ministry. The Housing Ministry will be responsible for setting collection dates, grant payment extensions, approving rules for disputes, and adjusting geographic coverage on an annual basis.

REMEMBER- The government recently introduced a battery of reforms to stimulate the real estate market. The changes allowed non-Saudis to own property and foreign investment in Makkah- and Madinah-based real estate companies, lifted development restrictions on 81 sq km of land in northern Riyadh, and saw amendments to the White Land Tax law, in addition to planning the release of 10k-40k affordable residential plots per year.

SRC secures approval to issue mortgage-backed securities as it amasses SAR bns in portfolios

Mortgage-backed securities get the green light: PIF-owned Saudi Real Estate Refinance Company (SRC) is now clear to launch residential mortgage-backed securities (RMBS) in the Kingdom, after it secured a no-objection from the Saudi Central Bank (Sama), according to a statement from the bank.

SRC has been on the hunt for mortgage portfolios for a while, picking up an SAR 1 bn portfolio from Bidaya Finance in December, followed by a bumper SAR 3.4 bn portfolio from the Saudi National Bank in February. SRC has also recently snapped up portfolios from Arab National Bank and Bank Albilad. The portfolios are covered by the Saudi Mortgage Guarantees Services Company (Damanat) as per an MoU signed back in October.

.. and has been laying the groundwork: An MoU was signed with Hassana Investment in January to work on introducing RMBS in the Kingdom.

An RMBS market could be good news for banks: Real estate loans by banks reached SAR 922 bn by the end of 1Q, according to Sama’s tally. Mortgages have fixed interest rates, financed by short-term deposits, allowing banks to make gains by offloading on secondary markets as interest rates fall. Activity in an RMBS market could also give banks further capital to support diversification-related investments.

Hamad Mohammed Bin Saedan prices Nomu IPO at SAR 13.50 per share

Hamad Mohammed Bin Saedan Real Estate priced its Nomu IPO at SAR 13.5 per share, the offering’s financial advisor Merchants Capital said in a Tadawul disclosure on Thursday. The company is poised to raise some SAR 57.2 mn in proceeds, implying a market cap of SAR 381.2 mn at listing, according to our calculations.

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REMEMBER- Bin Saedan is gearing up to sell 17.64% of its pre-IPO capital (good for 4.2 mn shares) on Tadawul’s parallel market. The company issued its prospectus earlier this month, following the Capital Market Authority’s approval in March.

Use of proceeds: The company will use the offering’s net proceeds — after deducting SAR 3.5 mn in costs — to finance its expansion plans and future projects, whose total value is estimated at SAR 53.7 mn. The real estate player plans to top up the IPO proceeds with its own liquidity and additional financing to fund expansion plans if needed. Any surplus proceeds will be allocated to its working capital. Current shareholders will not receive any proceeds from the offering.

Subscription timeline: Qualified investors can subscribe to a minimum of 10 shares and a maximum of 1.4 mn shares each over a seven-day subscription window, which starts on Friday, 29 August and wraps up Thursday, 4 September. The final allocation of shares will take place on Monday, 8 September, with the surplus being refunded by Wednesday, 10 September.

ADVISORS- Alinma Capital is acting as the lead manager on the transaction, Merchants Capital is serving as the financial advisor, and AlShareef & Partners is providing counsel.

Receiving agents include Alinma Capital, AlJazira Capital, Albilad Capital, Alkhabeer Capital, ANB Capital, Al Rajhi Capital, BSF Capital, Derayah Financial, GIB Capital, Alistithmar Capital, Riyad Capital, Sab Invest, Sahm Capital, SNB Capital, and Yaqeen Capital.

Construction costs inch up 0.7% y-o-y in July

Saudi Arabia’s Construction Cost Index (CCI) climbed 0.7% y-o-y in July due to a 0.7% y-o-y increase in construction costs for the residential sector and a 0.6% increase for the non-residential sector, according to data (pdf) from the General Authority for Statistics.

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The drivers: Residential activity was driven up by a 1.5% increase in labor costs and a 1.8% rise in rental prices for equipment and machinery. Meanwhile, non-residential activity increased due to a 1.2% increase in labor costs and a 1.9% rise in equipment and machinery rental prices.

ALSO- Energy prices jumped 9.9%, primarily due to a 27.3% rise in diesel fuel prices, while basic materials prices slipped 0.7%, weighed down by a 2.1% decline in wood and carpentry prices and a 1.9% decline in metal product prices.

On a monthly basis: Residential costs inched up 0.4% m-o-m in July due to a 1.1% rise in labor costs. Meanwhile, non-residential costs posted a 0.5% m-o-m increase as labor costs were up 1.3% and equipment and machinery rental prices rose 0.8%.

ADNH Catering eyes AED 100 mn income boost after Saudi JV acquisition

M&A WATCH-

#1- Abu Dhabi National Hotels (ADNH) Catering buffed up its stake in Compass Arabia to 50%, after finalizing the acquisition of an additional 20% share from UK-based Compass Group, according to an ADX disclosure (pdf). The transaction — which will see ADNH gain control of the JV alongside Al Rushaid Group, which holds the other half — is expected to reel in an additional AED 100 mn in annual net income and will set the foundations for further expansion in the Kingdom. The firm is eyeing SAR 500 mn growth in the Kingdom over the next five years.

#2- Liva Ins. and Malath Cooperative Ins. will continue mulling over their potential merger until February 2026 as they agreed to extend their original MoU for another six months under the same terms, Liva said in a disclosure to Tadawul on Thursday. The companies signed a non-binding MoU last August to conduct due diligence for the merger, after which they lined up a non-objection decision from the General Authority for Competition in November.

#3- Al Reef Sugar Refinery (Resreco) and Ethraa Holding agreed to extend their MoU for the planned sale of Al Reef’s shares by 70 days, moving the deadline to 30 October, Jazan Development and Investment Company (Jazdaco) said in a disclosure to Tadawul on Thursday. Ethraa inked a binding MoU in June to acquire a 100% stake in Resreco, in which Jazadco and Artex Industrial Investment own a 15% equity stake each.

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STARTUP WATCH-

Investment fund deployment platform Blomal Capital secured an undisclosed amount in a pre-seed funding series led by Falak Angels, a platform of Falak Investment Hub, according to a press release. Falak’s funding is part of its plan to support fintech startups, as well as introducing a variety of platforms to investors.

About Blomal Capital: Established in 2021 in Jeddah by Hazefa Alalayan (LinkedIn), Bilal Abduljawad (LinkedIn), Munthir Alrehaili (LinkedIn), and Abdulaziz Baraqabah (LinkedIn), the licensed platform allows individuals to use a single account to invest in a selection of actively managed private funds starting with SAR 1k investment. The platform also aims to help fund managers expand via support in fundraising, marketing, and operations.

REAL ESTATE-

Two new schools in Tilal Al Riyadh finalized: Saudi Real Estate Company (Al Akaria), Riyadh Development Company (Ardco), and Riyadh Holding built two new school complexes in Al Malqa district’s Tilal Al Riyadh at a total of SAR 275 mn, Al Akaria and Ardco said in disclosures to Tadawul. The complexes are expected to generate SAR 22 mn in annual rent under a 25-year lease agreement with Riyadh Schools Group, a subsidiary of Mohammed bin Salman Foundation, starting this August.

More details: The boys’ complex was built on a 10.3k sqm plot with a built-up area of 14.5k sqm, while the girls’ complex covers 10.9k sqm with 20.5k sqm of built-up space. Together, the developments span a little over 21k sqm of land and about 35k sqm of construction.

We knew this was coming: It was first announced in April 2024 that Tilal Al Riyadh is getting a new educational complex, to be developed through a joint venture in which Ardco holds 50%, Al Akaria 25%, and Riyadh Holding 25%.

India faces the steepest earnings downgrade in Asia as US tariffs weigh on outlook

Forward 12-month earnings estimates for Indian large- and mid-cap firms dropped by 1.2% over the past two weeks — the sharpest fall in Asia, Reuters reports, citing LSEG data. The cuts come as the US’ 50% tariff on India — set to take effect on 27 August — raises growth risks, even with proposed domestic tax cuts looking to soften the blow.

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

The downgrades follow another disappointing reporting season, extending a slowdown that began last year. Corporate earnings growth has been stuck in single digits for five straight quarters, down from 15-25% in 2020-2023. “After disappointing earnings growth of only 6% in 2024, the pace of recovery remains sluggish in 2025,” said Société Générale Asia Equity Strategist Rajat Agarwal.

Automobiles, capital goods, F&Bs, and consumer durables all saw earnings forecasts cut by around 1% or more. This comes despite the fact that Nifty 50 firms derive just 9% of their revenues from the US.

Analysts warn stretched valuations could leave Indian equities vulnerable if tariffs persist. “We could potentially see the tariff triggering a broad valuation re-rating downwards and make some of the domestic oriented stocks attractive,” says JP Morgan Asset Management Global Market Strategist Raisah Rasid.

To counter external pressures, Indian Prime Minister Narendra Modi has unveiled sweeping consumption tax cuts, proposing a two-rate structure of 5% and 18% instead of the previous 12% and 28% tax that was imposed on some items. Economists at Standard Chartered expect the reforms to lift GDP growth by 0.35-0.45 percentage points by FY 2027. MUFG, however, expects sustained 50% tariffs to reduce India’s GDP growth by one percentage point, with the textiles sector among the hardest hit.

Despite the policy support, foreign investors are pulling back. Bank of America’s latest fund manager survey shows that India has slid from the most-preferred to the least-preferred Asian equity market in just two months as doubts grow over valuations and the pace of earnings growth.

TASI	10,867	-0.1% (YTD: -9.7%)
MSCI Tadawul 30	1,409	+0.2% (YTD: -6.6%)
NomuC	26,536	-0.4% (YTD: -15.7%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	5.0% repo	4.5% reverse repo
EGX30	35,622	-0.3% (YTD:+19.8%)
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 67.73	+0.1%
Natural gas (Nymex)	USD 2.70	-4.5%
Gold	USD 3,419	+1.1%
BTC	USD 115,275	-1.3% (YTD: +23.2%)
Sukuk/bond market index	909.87	0.0% (YTD: +0.9%)
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 fell 0.1% on Thursday on turnover of SAR 5.2 bn. The index is down 9.7% YTD.

In the green: Sabic (+7.7%), Sipchem (+5.3%) and Cenomi Retail (+5.2%).

In the red: HB (-4.9%), Jahez (-3.8%) and Sab (-3.7%).

THE CLOSING BELL: NOMU-

The NomuC fell 0.4% on Thursday on turnover of SAR 44 mn. The index is down 15.7% YTD.

In the green: NGDC (+9.8%), Tadweeer (+9.8%) and Riyadh Steel (+8.1%).

In the red: Leaf (-8.5%), Mufeed (-8.0%) and Naf (-7.3%).

CORPORATE ACTIONS-

Al Hassan Ghazi Ibrahim Shaker’s board recommended a 22% capital increase to SAR 677.1 mn, up from SAR 555 mn, through the issuance of 12.2 mn new shares, it said in a disclosure to Tadawul on Thursday. About 11.1 mn shares will be granted to shareholders as bonus shares at a ratio of one for every five owned, while the remaining 1.1 mn shares will be set aside for the employee share program.

Saudi, Egypt to fast-track launch of coordination council

Crown Prince Mohammed bin Salman met with Egyptian President Abdel Fattah El Sisi in Neom at the end of last week, where the two leaders agreed to expedite the launch of the Egyptian-Saudi Supreme Coordination Council as the umbrella framework for bilateral ties, according to a statement. The council will steer new partnerships in industrial integration, tech localization, transport, renewable energy, and urban development. Both sides also stressed the importance of boosting joint investment and trade.

On the sidelines of El Sisi’s state visit, Egypt’s Industry and Transport Minister Kamel El Wazir held talks in Riyadh with the Saudi Secretary-General of the Supreme Coordination Council to advance preparations for the council’s first leaders’ summit, according to a statement. The meetings highlighted the entry into force of the Egypt-Saudi agreement on promoting and protecting mutual investments, which will unlock new Saudi inflows and support cross-investment by Egyptian companies in the kingdom.

CALENDAR

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

24 August (Sunday): Final allocations are due for Marketing Home Group IPO.

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

26-28 August (Tuesday-Thursday): The Franchise Go Forum, 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

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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