Fresh investments worth SAR 1.4 bn in Jazan

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Subscription opens tomorrow for Almoosa Health IPO

Good morning, wonderful people. We’re just days away from ringing in a new year, but there’s no news slowdown as far as we’re concerned. Leading this morning’s news well is a new SAR 1.3 bn construction robotics joint venture between Neom and Samsung, while Jazan secured a handful of agreements for a combined SAR 1.4 bn of investments.

^^ We have details on these stories and more in this morning’s news well, below.

HAPPENING TODAY-

The Saudi-Yemeni Business Council discussions kick off today in Makkah, bringing together over 100 businessmen to explore investment prospects and address cross-border challenges between the two countries, according to local media reports (here and here). Initiatives to revamp border crossings, establish quarantines for livestock and agricultural goods, and expand the role of Yemeni banks are also on the agenda. The event will run for three days.

HAPPENING THIS WEEK-

IPO WATCH #1- The retail subscription window for Almoosa Health’s IPO opens tomorrow, where the Al Ahsa-based hospital operator will offer 20% of the 30% stake on offer for two days.

REMEMBER- Almoosa Health priced its Tadawul IPO at SAR 127 apiece — the top of the range it was guiding on — after its institutional offering was 103x oversubscribed. The final pricing will see the firm locking in SAR 1.7 bn in proceeds, giving it a market cap of SAR 5.6 bn at listing. Individual investors will be able to book between 10k-250k shares each, with the final allocation of shares set to be announced no later than Sunday, 29 December.

IPO WATCH #2- Nice One’s two-day retail subscription window opens on Tuesday, where individual investors will be eligible for 10% of the cosmetic company’s main market IPO. They will be able to book a maximum of 250k shares, and a minimum of 10 shares each at SAR 35 apiece.

REFRESHER- The online beauty retailer is taking a 31.5% stake to Tadawul. Nice One priced its IPO at the top of the range after its institutional offering — which wrapped up last week — was 139.4x covered. The final pricing will see it raise SAR 1.2 bn in proceeds, and will give it a market cap of SAR 4 bn at listing.

☀️WEATHER- Riyadh is in for a crisp, sunny day, with a high of 19°C and a low of 7°C. Meanwhile, Jeddah will be basking in warmer temperatures at 31°C, tapering off to 22°C. Over in windy Madinah, expect a high of 22°C and a low of 12°C.

WATCH THIS SPACE-

#1- We could be getting specialized courts for investment disputes: The Investment Ministry surveyed public and private entities to evaluate the need for specialized investment courts and gather feedback on the potential move from investors, Asharq Al Awsat reports.

REMEMBER- Saudi authorities rolled out a new investment law in August, effective from 2025, which is designed to level the playing field for foreign investors.

#2- Former Goldman Sachs manager joining Juffali family’s Hasma Capital? Jason Smith (Linkedin) has reportedly been appointed chief investment officer at Hasma Capital, the UK-based investment firm managing the Juffali family’s USD multi-bn portfolio, Bloomberg reports, citing sources in the know. Smith previously held roles as senior portfolio manager at Goldman Sachs and CIO at Tabula Investment Management, with additional experience at BlackRock, Barclays, and oversight of multiple funds.

#3- Acwa Power seeks CMA approval for SAR 7.1 bn rights issue: Utility giant Acwa Power filed a request to the Capital Market Authority for a SAR 7.1 bn rights issuance to boost the company’s capital, according to a disclosure to Tadawul.

REMEMBER-Acwa Power’s board recommended the rights issuance back in June to finance an anticipated USD 2-2.5 bn annual budget for projects as it aims to triple its assets by 2030. No financial advisor has been appointed for the issuance yet.

#4- Could Alqahtani Holding step into Egypt’s energy sector? Local player Alqahtani Holding is in talks with Egypt’s Oil Ministry to explore joint investments in petroleum, gas, and petrochemical projects, according to a statement from the Egyptian ministry. The group is working with Shard Capital and the Egyptian Petrochemicals Holding Company to set up a petrochemical complex in the New Alamein Industrial Zone.

DATA POINT-

Riyadh Season attracted 12 mn visitors since its launch in October, where Boxing Week, ski resort Courchevel, and the Boulevard Runway experiences took place, according to a statement from the General Entertainment Authority.

PSAs-

#1- VAT-registered businesses with annual revenues exceeding SAR 40 mn have until Tuesday, 31 December to file their November tax returns, according to a statement from the Zakat, Tax and Customs Authority. Missing the deadline could result in penalties between 5-25% of the payable tax.

#2- The National Water Company issued a reminder for property owners to register their water meters, it said in a post on X. Applicants can document their meters through the National Water App or e-branches by specifying their relationship as owner or tenant. Independent meters for tenants must be documented on the Ejar platform, while shared meters remain under the owner’s name. Failure to register may disrupt the service.

#3- Registration for Sdaia’s Injaz Hackathon has been extended to Saturday, 28 December, with qualified teams set to be announced on 6 January. Participants will work to develop AI-powered solutions aimed at boosting productivity in Saudi Arabia’s public and private sectors. A total of 10 teams that come out on top at the end of the hackathon will each receive SAR 150k, with a total award pool of SAR 1.5 mn. Local and foreign participants can register on Sdaia’s website.

SPORTS-

#1- Mark Allen claimed the Riyadh Season Snooker Championship crown, beating Luca Brecel 5-1 in the tournament’s final on Friday, the World Snooker Tour reports. This is the Irishman’s seventh victory in 26 months and will see him take home a GBP 250k prize pot.

#2- Saudi Arabia will participate as one of the 16 teams in the 2025 and 2027 Gold Cup, organized by the Confederation of North, Central America, and Caribbean Association Football (Concacaf), according to a statement. The decision follows an MoU signed between Concacaf and the Asian Football Confederation — which includes the Saudi Arabian Football Federation — after reports of Saudi being in talks for an invitation to the 2025 tournament earlier this month.

#3- Oleksandr Usyk defeated Tyson Fury once again in their rematch on Saturday, 21 December, in Riyadh, with a score of 116-112, retaining his status as the first four-belt undisputed heavyweight champion after his earlier split decision victory over Fury earlier in the month, according to the BBC.

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THE BIG STORY ABROAD-

It’s a mixed bag in the foreign press this morning, among the most notable headlines:

IN OUR NECK OF THE WOODS- Syria’s Kurdish factions are under increasing pressure as the balance of power in the country shifts against them, following Bashar Al Assad’s ouster earlier this month. The power shift has raised the prospect of deeper Turkish influence in northern Syria, with the Turkey-backed groups now representing a renewed threat to the Kurdish-led Syrian Democratic Forces (SDF). (Reuters)

OVER IN THE WEST- The Magdeburg attack is still making headlines: A car-ramming attack at a Magdeburg Christmas market has reignited political tensions in Germany. Five people were killed, and more than 200 were injured after a Saudi man, reportedly with far-right sympathies, drove through the market on Friday. The incident has sparked a debate over the role of immigration and far-right extremism in the country. (Reuters | The Guardian | BBC | France 24 | Bloomberg)

The Foreign Affairs Ministry condemned the incident and expressed its sympathies and solidarity with the families of the victims. The arrested perpetrator, identified as Taleb Al-Abdulmohsen, is a Saudi-born medical practitioner who has been living in Germany for two decades after gaining refugee status. The suspect promoted anti-Islam views on social media and reports suggest he harbored far-right sympathies. The Kingdom had reportedly warned German authorities about his extremist posts on social media well before the attack occurred, the FT reports.

IN THE US- Congress narrowly avoided a government shutdown after passing a stop-gap funding measure early Saturday morning. The bill — which extends federal funding through 14 March and includes aid for disaster relief and farmers but excludes debt ceiling provision — was passed after days of chaos in Washington. (Financial Times | New York Times | CNN | Washington Post)

CIRCLE YOUR CALENDAR-

#1- The three-day Future Minerals Forum kicks off on 14 January at Riyadh’s King Abdulaziz International Conference Center.

#2- The three-day Real Estate Future Forum kicks off on 27 January at the Four Seasons, Riyadh.

#3- The three-day Future Hospitality Forum opens its doors 11 May at the Mandarin Oriental Al Faisaliah, Riyadh.

#4- The Money 20/20 fintech conference will run from 15-17 September. As a global hub for payments, banking, and financial services innovation, Money 20/20 promises to bring together industry leaders to shape the future of fintech.

#5- Orgatec Workspace will make its debut at the Riyadh Front Exhibition & Conference Center between 16-18 September, according to a joint press release. The trade fair — which will focus office furniture and design — aims to connect manufacturers, suppliers, and distributors. The event is the brainchild of a collaboration between German-born international trade fair organiser Koelnmesse (organizer of Orgatec) and the Daily Mail’s exhibitions and publishing unit Dmg Events (organizer of Workspace).

Neom + Samsung to establish construction robotics JV with SAR 1.3 bn initial investment

A construction robotics JV from Neom + Samsung is in the works: Neom’s strategic investment arm Neom Investment Fund signed an agreement with Samsung C&T Corporation to set up a construction robotics joint venture with an initial investment of more than SAR 1.3 bn, according to a statement.

The JV will work on automating rebar cage assembly of large, pre-manufactured reinforcement cages, in addition to establishing assembly plants in Neom, creating more than 2k jobs in the kingdom, Neom says.

Why does it matter? Automating rebar cage assembly can cut costs by as much as 40% and slash manual workforce hours by up to 80%, according to the statement. The JV aims to ramp up rebar cage output amid rising demand for the construction of Neom’s The Line, along with other projects in the region.

What they said: “Developing an advanced industrial manufacturing economy at Neom represents a key step in our efforts to accelerate modern methods of construction across our major projects,” Bandar Ashour, Sector Head of Design & Construction at Neom said.

Fresh investments worth SAR 1.4 bn in Jazan

Jazan secures SAR 1.4 bn in industrial investments: Jazan City for Primary and Downstream Industries (JCPDI) signed agreements for industrial investments in Jazan, totalling SAR 1.4 bn, state news agency SPA reports.

Who’s investing? Kingdom Tyres will invest SAR 1.26 bn to establish a 625k sqm tire manufacturing facility, while Built, Al Hadi Group, and Ramz Al Arabiya will jointly invest SAR 80.8 mn for a 63.3k sqm site. Miqyas Al-Madhaq Industries is committing SAR 48 mn for a 50k sqm site, while Masdar Elevators will allocate SAR 6.5 mn for a 1.7k sqm site.

ALSO- Moon Way, Parcelat, and Excellence Media will invest SAR 685k collectively in tourism and public facility projects. Meanwhile, Sulb Steel and Southern Province Cement will collaborate with JCPDI under an MoU to promote using slag for eco-friendly cement production.

Flyadeal, King Khaled Airport record lowest complaint rates in November -Gaca

Air carrier complaints rose 31.3% y-o-y in November 2024 to 928, up from 707 in the same period last year, according to our calculations based on a report from the General Authority for Civil Aviation (Gaca). Meanwhile, airport complaints declined 25.4% y-o-y to 91 in November.

Budget carrier Flyadeal had the lowest rate of complaints per 100k passengers among the Kingdom’s airlines in November, with a rate of 11 complaints — a substantial improvement from last year’s 38 — and a 99% on-time resolution rate. Flynas followed with 12 complaints per 100k passengers and a 100% resolution rate, while Saudia had the highest ratio with 13 complaints and a 99% resolution rate.

For international airports handling over 6 mn passengers annually, King Khaled airport recorded the lowest rate of complaints per 100k passengers (0.4), while King Abdulaziz, King Fahad and Prince Mohammed airports tied at one complaint per 100k passengers. In absolute terms, Prince Mohammed Airport had the fewest overall complaints during the month.

Among international airports handling fewer than 6 mn passengers annually, Prince Sultan recorded the lowest rate of complaints (0.4), while Taif and Aljouf airports tied for the highest rate at 8 complaints per 100k passengers.

Always on time: All airports, domestic and international, maintained a 100% on-time complaint resolution rate.

IN OTHER AVIATION NEWS-

Saudi airports are gearing up to implement a new passenger flow management system to track passenger movement, reduce waiting times, ease congestion, and resolve bottlenecks, according to Airline Routes and Ground Services. The new system, set to be implemented across 27 airports over the next 18 months, is the world’s largest LiDAR system to date.

SOUND SMART- Developed in collaboration with SAMI Advanced Electronics and DTP, the LiDAR system is based on Veovo’s Queue Management system joined with the tNexus mobile platform.

Seven in 10 Saudis report excellent health -NHS survey

Some 97.4% of adults aged 15 and older in the Kingdom view their health as good or better than good, with 69.6% rating it as excellent, 18.5% as very good, and 9.3% as good in 2024, according to the Health Status Statistics report (pdf) from the General Authority for Statistics. The findings are based on self-reported data from the National Health Survey and the Woman and Child Health Survey for 2024.

A big improvement: The results of this year’s report see an improvement in participants’ perception of their health than last year, when only 53% of adults aged 15 and above described their health as being good or very good.

Chronic conditions: Some 19% of adults in the Kingdom reported at least one chronic condition during the same period, with the most common being diabetes (9.1%), followed by hypertension (7.9%), high cholesterol (3.6%), cardiovascular diseases (1.5%), and cancer (0.6%). Some 9.4% of children had chronic conditions, with asthma (4.1%) being the most prevalent, followed by allergies (2%), and skin conditions (1.6%) hyperactivity
(0.8%), autism (0.6%), diabetes (0.5%), and cancer (0.3%).

Mental health: Some 1.8% of adults in Saudi Arabia reported severe depression, with greater prevalence among women than men. Women also constituted a larger portion of the 0.2% of adults who reported experiencing anxiety in 2024.

Diriyah launches luxury hotel Bab Samhan

HOSPITALITY-

PIF-owned developer Diriyah launched Bab Samhan, the first of a 40-hotel luxury collection on the outskirts of Riyadh by Marriott International, according to a press release. Bab Samhan features 134 rooms, and 23 suites. While the company’s investment size was not disclosed, the move comes as part of a USD 62.2 bn giga-project including the launch of 8 hotels across the country by the end of the year.

OIL AND GAS-

Bawan’s subsidiary Petronash Arabia received a purchase order worth SAR 832 mn under an existing long-term contract with Saudi Aramco to supply special gas well products, according to a disclosure to Tadawul. Deliveries are scheduled from October 2025 to August 2026.

M&A WATCH-

Tharwah taps financial advisor for Amjad acquisition: Nomu-listed HR company Tharwah appointed Mekyal Financial Technologies as a financial advisor to oversee its acquisition of a 49% stake in Amjad Watan Exhibitions and Conferences Organization Company, a one-person entity, according to a disclosure to Tadawul. Tharwah debuted on Nomu back in August, taking a 15% stake public in an offering that was 107.9% covered.

REMEMBER- Tharwah signed a binding MoU earlier this month to acquire the stake in Amjad. The six-month agreement gives Tharwah a window to complete due diligence procedures and obtain related regulatory and shareholder approvals before finalizing the acquisition.

DEBT WATCH-

First Fix raises credit cap at Sab by SAR 100 mn: The Fundamental Installation for Electric Work (First Fix), the MEP contracting arm of Red Sea International, raised its credit limit at Saudi Awwal Bank (Sab) by SAR 100 mn to SAR 296.1 mn, according to a disclosure to Tadawul on Thursday. The additional funds will be used to secure letters of credit for imports pertaining to one of the company’s projects, the company said, without identifying the project in question. First Fix previously upped its credit limit at Sab by SAR 65 mn to SAR 196.1 mn in March.

BUSINESS-

Global consulting giant EY launched a new academy offering courses for public and private sector entities to develop their workforce, it said in a press release. The EY Academy will be available in Riyadh, Jeddah and Al Khobar. The programs will focus on economically important sectors like finance, accounting, data and AI.

STARTUP WATCH-

Saudi Venture Capital (SVC) made an undisclosed investment in Raed III, a Raed Ventures-managed fund that targets early-stage tech startups in Saudi Arabia and the UAE, according to a press release. The fund focuses on seed and series A stages, favoring sectors of fintech, enterprise software, and B2B SaaS.

BANKING-

Moody’s Ratings upgraded SNB Capital’s issuer rating to A2 with a stable outlook, according to a press release. The investment bank’s stable financial framework, low credit risk, and resilient performance underpinned Moody’s upgrade. SNB Capital boasts the Kingdom’s largest market share in assets under management, with SAR 248 bn.

What they said: “The standalone assessment reflects SNB Capital’s leading position in its domestic market, its good revenue diversification, notably across asset management and brokerage, as well as its strong profitability margins,” Moody’s said.

INS.-

Gulf Union Al Ahlia Cooperative Ins. can now sell its new auto ins. product for lease, according to a filing to Tadawul.

COURTS-

The Justice Ministry launched medical malpractice judicial panels at the Riyadh General Court, introducing eight first-instance panels, and another two for appeals, all operating under a fully digital model designed to fast-track medical dispute resolutions while minimizing the burden on litigants, according to a ministry statement.

BoJ and BoE keep rates unchanged as central banks strike cautious tone on inflation

The Bank of England and the Bank of Japan kept their interest rates unchanged yesterday, capping off a year of easing with a cautious stance for 2025. Despite the US Federal Reserve and the European Central Bank’s (ECB) recent rate cuts, central bankers are signalling that inflation continues to prove stickier than expected, pointing to potentially slower easing cycles next year, and triggering sell-offs across stock markets.

THE BANK OF ENGLAND-

The Bank of England (BoE) kept its interest rate unchanged at 4.75% as it looks to “squeeze” remaining inflationary pressures and reach the 2% target, according to a BoE statement. Inflation in the UK hit an eight-month high in November, according to AP. “With the heightened uncertainty in the economy, we can’t commit to when or by how much we will cut rates in the coming year,” Reuters quotes BoE governor Andrew Bailey as saying, striking a cautious tone. The BoE decision was followed by a 1.1% drop in the FTSE 100 index.

BANK OF JAPAN-

Japan also wants to weigh upcoming risks: The Bank of Japan (BOJ) kept interest rates steady at 0.25% as it bides its time on risks overseas and the wage outlook next year, according to statements from BoJ governor Kazuo Ueda picked up by Reuters. “Underlying inflation is heightening but at a moderate pace. That is allowing us to go slow in raising rates,” Ueda said.

PEOPLE’S BANK OF CHINA-

The People’s Bank of China (PBOC) kept its main benchmark lending rates unchanged this morning, in line with economists’ expectations, CNBC reports. China’s leadership indicated a shift towards more aggressive economic support in 2025, which is expected to include interest rate cuts and a widening of the 3% fiscal deficit.

MORE FALLOUT FROM FED’S CUT-

US stocks ended the day flat despite an earlier bounce from a widespread sell-off earlier on Wednesday, with the Nasdaq and the S&P 500 both down a marginal 0.1%.

The yield on US 10-year Treasuries also hit its highest level since May at 4.59%, jumping 0.2 percentage points in the past two days, the Financial Times reports.

TASI	11,892	-0.6% (YTD: -0.6%)
MSCI Tadawul 30	1,489	-0.6% (YTD: -3.95%)
NomuC	31,444	+0.8% (YTD: +28.2%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	5.0% repo	4.5% reverse repo
EGX30	30,527	+0.1% (YTD: +22.6%)
ADX	9,351	+0.8% (YTD: -2.4%)
DFM	5,057	+0.2% (YTD: +24.6%)
S&P 500	5,931	+1.1% (YTD: +24.3%)
FTSE 100	8,085	-0.3% (YTD: +4.5%)
Euro Stoxx 50	4,862	-0.3% (YTD: +7.5%)
Brent crude	USD 72.94	+0.1%
Natural gas (Nymex)	USD 3.75	+4.6%
Gold	USD 2,645	+1.4%
BTC	USD 96,927	+0.3% (YTD: +128.6%)

THE CLOSING BELL: TADAWUL-

The TASI fell 0.6% on Thursday on turnover of SAR 10.9 bn. The index is down 0.6% YTD.

In the green: Savola Group (+10.0%), MESC (+5.1%) and Cenomi Centers (+3.9%).

In the red: Fitaihi Group (-6.7%), AlArabia (-4.2%) and Ayyan (-3.9%).

THE CLOSING BELL: NOMU-

The NomuC rose 0.8% on Thursday on turnover of SAR 54.2 mn. The index is up 28.2% YTD.

In the green: Leaf (+13.3%), IOUD (+8.9%) and Tadweer (+6.7%).

In the red: AlJouf Water (-12.7%), View (-7.9%) and Aqaseem (-7.6%)

CORPORATE ACTIONS-

#1- Our friends at United Electronics (eXtra) will distribute SAR 400 mn in dividends at SAR 5 apiece for 4Q 2024, according to a disclosure to Tadawul. Eligible shareholders will be able to cash-in starting Tuesday, 31 December.

ALSO- eXtra’s board recommended a buyback of up to 3 mn ordinary shares to be held as treasury, in a bid to prop up its stock price which it currently deems undervalued, it said in a separate statement to the exchange. The company will tap its own resources and its subsidiary United Holding International’s IPO proceeds to fund the purchase.

#2- Savola wraps capital cut, offloads Almarai stake: Savola Group deposited 0.3044 Almarai shares for every Savola share held by eligible shareholders into their portfolios, it said in a statement to Tadawul. This marks the last step of a 73.5% capital reduction which saw the food giant cancel some 834 mn shares and distribute its entire stake in its dairy unit Almarai.

The reduction is intended to optimize Savola’s capital structure, as the capital is deemed excessive for current needs. Riyad Capital is financial advisor on the transaction.

#3- The Capital Market Authority (CMA) announced it has approved Saudi Fisheries Company’s request to reduce its capital to SAR 67 mn — down from SAR 400 mn. The number of shares will be decreased 6.7 mn shares, down from 40 mn. This is a bigger reduction than the originally requested SAR 264 mn in June as the company works to offset incurred losses.

#4- Tadweeer announced a 100% capital increase, funded by capitalizing SAR 58.1 mn from retained earnings, according to a Tadawul filing. This move will double the number of shares to 116.2 mn, granting shareholders one bonus share for every share they own.

#5- Makkah Construction and Development received CMA approval to increase its capital to SAR 2 bn, up from 1.6 bn by distributing bonus shares to existing shareholders. SAR 351.8 mn from the statutory reserve account will finance the move and the new number of shares will stand at 200 mn.

CALENDAR

DECEMBER

22-24 December (Sunday-Tuesday): Saudi-Yemeni Business Council discussions, Makkah.

23-25 December (Monday-Wednesday): Retail offering for Almoosa Health’s Tadawul IPO.

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

24-25 December (Tuesday-Wednesday): Retail subscription period for Nice One’s Tadawul IPO.

28 December (Saturday): Deadline for registration in SDAIA’s Injaz Hackathon.

29 December (Sunday): Final allocation for Almoosa Health’s Tadawul IPO.

31 December (Tuesday): Last day for taxpayers to benefit from Zatca’s fines and penalties waiving initiative.

31 December (Tuesday): Engineers in the public sector will be subject to a new pay grade scheme.

1Q: BinDawood Holding expected to close 100% acquisition of Zahrat Al Rawdah Pharma

1Q: Roshn expected to raise SAR 2.6 bn from international bank

JANUARY 2025

1-17 January (Wednesday-Friday): 2025 Dakar, Bisha and Shubaytah.

5 January (Sunday): Launch day for Riyadh Metro line 3.

7-9 January (Tuesday-Thursday) Saudi Tourism Forum, Riyadh Front, Riyadh.

12 January (Sunday): Launch ceremony of the standard incentives for the industrial sector.

13-16 January (Monday-Thursday): Hajj Conference and Exhibition, Superdome, Jeddah.

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

15-16 January (Wednesday-Thursday): The International Learning and Technology Conference, Effat University, Jeddah.

21 January (Tuesday): Data Center Nation, Mandarin Oriental Al Fasisaliah, Riyadh.

21-23 January (Tuesday-Thursday): The International Exhibition for Material Handling, Equipment, Warehouse Supplies, Forklifts & Heavy Equipment, Riyadh International Exhibition Center.

21-23 January (Tuesday-Thursday): Saudi International Exhibition for E-Marketing and E-Commerce, Riyadh International Convention and Exhibition Center.

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

27-29 January (Monday-Wednesday): Saudi Franchise Expo, Riyadh International Convention and Exhibition Center.

28-29 January (Tuesday-Wednesday): Federal Open Market Committee meeting.

28-29 January (Tuesday-Wednesday): Sustainability Forum Middle East, Riyadh.

29-30 January (Wednesday-Thursday): Global Labor Market Conference, Riyadh.

FEBRUARY 2025

1 February (Saturday): UFC event, The Venue, Riyadh.

3-5 February (Monday-Wednesday): Saudi International Marine Exhibition (SIMEC), Riyadh.

4-5 February (Tuesday-Wednesday): The RLC Global Forum, Riyadh.

4-5 February (Tuesday-Wednesday): Capital Markets & ESG Finance, Hilton Riyadh Hotel & Residences.

6 February (Thursday): Property registration deadline for owners in several districts of seven Qassim cities.

6-8 February (Thursday-Saturday): LIV Golf season opener, Riyadh Golf Club, Riyadh.

8 February (Saturday): Sotheby’s first auction in the Kingdom, Diriyah.

9-12 February (Sunday-Wednesday): LEAP Tech Conference, Malham, Riyadh.

9-12 February (Sunday-Wednesday): DeepFest by Leap, Riyadh.

10-12 February (Monday-Wednesday): Saudi Travel Market, Riyadh International Exhibition Center.

10-13 February (Monday-Thursday): Leap 2025, the Kingdom’s premier tech investment conference.

14-15 February (Friday-Saturday): Formula E, Diriyah.

15-18 February (Saturday-Tuesday): Week one of Big 5 Construct Saudi, Riyadh Front Exhibition & Conference Center.

16-17 February (Sunday-Monday): AlUla Conference for Emerging Market Economies, AlUla.

19 February (Wednesday): Derayah REIT dividend distribution.

19-21 February (Wednesday-Friday): Saudi Media Forum, Riyadh.

22 February (Saturday): Founding Day.

23-27 February (Sunday-Thursday): Riyadh International Disputes Week, Hilton Riyadh Hotel Granada.

24-27 February (Monday-Thursday): Week two of Big 5 Construct Saudi, Riyadh Front Exhibition & Conference Center.

MARCH 2025

1-30 March: Ramadan.

18-19 March (Tuesday-Wednesday): Federal Open Market Committee meeting and Summary of Economic Projections.

31 March- 3 April (Monday-Thursday): Eid Al Fitr.

APRIL 2025

14-16 April (Monday-Wednesday): Future Hospitality Summit, Mandarin Oriental Al Faisaliah, Riyadh.

21-24 April (Monday-Thursday): Saudi Food Exhibition and Conference, Riyadh.

22-23 April (Tuesday-Wednesday): AAM Middle East, Riyadh.

7-9 April (Monday-Wednesday): Sports Investment Forum (SIF), Riyadh.

MAY 2025

6-7 May (Tuesday-Wednesday): Federal Open Market Committee meeting.

12-15 May (Monday-Thursday): Saudi Smart Manufacturing, Riyadh International Convention & Exhibition Center.

13-14 May (Tuesday-Wednesday): Global EV & Mobility Technology Forum, The Arena, Riyadh.

23 May (Friday): Guns N’ Roses Show, Riyadh.

31 May-5 June (Saturday-Thursday): Hajj.

JUNE 2025

6-9 June ( Friday-Monday): Eid al-Adha.

17-18 June (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

26 June (Thursday): 2024-2025 academic year ends.

JULY 2025

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

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

SEPTEMBER 2025

15-17 September (Sunday-Tuesday): Money 20/20 Middle East, Riyadh.

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

23 September (Tuesday): Saudi National Day.

OCTOBER 2025

28-29 October (Tuesday-Wednesday): Federal Open Market Committee meeting.

NOVEMBER 2025

24-26 November (Monday-Wednesday) The World Advanced Manufacturing & Logistics Saudi Expo, Riyadh Front Convention & Exhibition Centre, Riyadh.

DECEMBER 2025

December: The Fortune Global Forum 2025, Riyadh.

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

2026

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

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

2027

The World Water Forum takes place in Riyadh.

The Ocean Race finishes in Amaala on the Red Sea.

Riyadh-Kudmi transmission line to be completed.

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Fresh investments worth SAR 1.4 bn in Jazan

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