Get EnterpriseAM daily

Industrial output climbs in September on higher oil production

1

WHAT WE’RE TRACKING TODAY

THIS MORNING: Riyadh real estate lottery eligibility results are in

Good morning. It’s another brisk issue landing in your inbox this morning, led by the latest industrial output figures from Gastat. We also have the breakdown of SAR 38 bn infrastructure projects moving a step forward in Riyadh, and a flurry of 3Q earnings as the season is coming to an end (the deadline is today for some 20 companies still not out with their quarterly results).

The calm after the storm: Business is taking a well-deserved breather from the breakneck pace of forums and meetings we saw two weeks ago, with FII9 securing a whopping USD 50 bn in agreements and investment pledges during its four-day run from 27-30 October.


IN MEMORIAM- Princess Wafaa bint Bandar bin Khalid bin Abdulaziz Al Saud passedaway yesterday. The funeral prayer is held today in the Holy Grand Mosque in Makkah following Maghrib Prayer.

HAPPENING TODAY-

#1- The inaugural TouriseSummit kicks off today and runs through 13 November at Riyadh’s King Abdulaziz International Conference Center. The event brings together more than 120 global leaders from government, business, and non-profits, featuring major players such as Expedia, Google, Amadeus, Accor, Nikki Beach, Red Sea Global, Certares, and the Public Investment Fund.

#2- It’s the second and final day of the Egypt-Gulf Cooperation Council Trade and Investment Forum. The two-day forum in Cairo — held under the theme A Roadmap to Strengthening Egyptian-Gulf Economic Cooperation — features panel discussions, B2B meetings, and B2G sessions. Egypt aims to boost exports to the Kingdom by 10–15% in 2026, targeting around USD 4 bn, an unnamed Egyptian official told Asharq Business yesterday.


WEATHER- Expect low visibility in parts of the Eastern Region, Dammam, and Makkah today due to mist and fog. Meanwhile, moderate rain is forecast for Asir, with light showers expected over Makkah and Al Baha. The rest of the Kingdom will see clearer skies.

  • Riyadh: 28°C high / 14°C low.
  • Jeddah: 35°C high / 25°C low.
  • Makkah: 35°C high / 23°C low.
  • Dammam: 31°C high / 16°C low.

PSAs-

#1-Taif’s Al Hada road will be closed from 9am to 6pm today and tomorrow in both directions for maintenance, the Saudi Gazette reported on Sunday, citing a statement from the Special Forces for Road Security.

#2- Businesses subject to excise tax have to submit their September and October returns by Saturday, 15 November via the Zakat, Tax, and Customs Authority’s (Zatca) website, the authority said in a statement yesterday. Late submissions will incur a 5% penalty of the due tax for every 30 days of delay.

WATCH THIS SPACE-

#1- Riyadh real estate lottery eligibility results are in: The Royal Commission for Riyadh City released the results for applications submitted through the newly launched Tawazon platform, state news agency SPA reported on Sunday. Qualified applicants will move on to the electronic lottery for available land plots on 17 December. Eligible applicants can check their status via their personal accounts, with notifications being sent to registered mobile numbers. Meanwhile, those not eligible may submit appeals with supporting documents by 8 December to be reviewed by a dedicated committee.

REFRESHER- Launched in September, the Tawazoun platform offers Saudi citizens residential plots at a capped price of SAR 1.5k per sqm, aiming to provide 10k to 40k plots annually to stabilize Riyadh’s real estate market. Eligible applicants must be married or over 25 years of age, Riyadh residents for at least three years, and first-time property owners. The offered plots cannot be sold for 10 years and must be developed within that period to avoid repossession.


#2- Goldman Sachs stands to earn some USD 110 mn for advising Electronic Arts on the record PIF-led USD 55 bn buyout, the Financial Times reported, citing a securities filing. The fee is the highest Goldman Sachs ever to gain from an M&A transaction in its history.

The Wall Street bank investment bank received USD 10 mn when the agreement was announced, with USD 100 mn due to come in once regulators and shareholders greenlight the buyout, expected in 1Q 2027.


#3- Saudi Arabia has emerged as the hottest destination for Chinese steel in the first nine months of the year, with shipments rising 41.4% y-o-y to 4.8 mn tons, marking the largest jump among major markets, Bloomberg reported, citing Chinese customs data. Exports of long steel products to the Kingdom nearly doubled, while semi-finished steel shipments grew more than sixfold.

The growth was boosted by China’s Belt and Road investments, including multi-bn-USD projects in the Kingdom’s energy and transport sectors that spurred demand, according to Jing Zhang, a senior research analyst at Wood Mackenzie.

IN CONTEXT- The surge comes as Chinese mills navigate rising tariffs and global protectionism, redirecting exports to markets with fewer restrictions like the Middle East, Zhang said. However, the sustainability of the current boom is far from certain as the Kingdom prepares to redirect its spending away from steel-intensive gigaprojects like Neom and toward sectors that can deliver faster, more sustainable returns like logistics, mineral development, religious tourism, and AI.


Have you checked out EnterpriseAM MENA <> India? It's our newest briefing tracking one of the world's most dynamic trade, investment, and cultural corridors. Every Monday, Wednesday, and Friday, we'll track the transactions, trends, and market moves connecting these two dynamic regions. The flow of capital, talent, and trade between MENA and the Indian subcontinent is one of the most important economic stories in the world — and we’re telling as only we can.

If you’re investing, trading, or scouting for your next big move in MENA or India, subscribe to EnterpriseAM MENA <> India by tapping here to get the strategic intelligence you need.


DATA POINTS-

#1- Saudi Arabia’s localization of military spending rose to 24.9% in 2024, halfway toward its goal of localizing over 50% of defense expenditure by 2030, the General Authority for Military Industries (Gami) said on X yesterday. The local content share of military spending increased to 40.7% in 2024 from 38.4% in 2023. Meanwhile, the sector’s gross output reached SAR 6.7 bn — or 0.1% of GDP.

SOUND SMART- The localization of military spending represents the overall share of defense expenditure directed to domestic suppliers, while the local content share measures the value added by Saudi-made products, services, and labor within that spending. Though related, the local content share provides a measure of the quality of localization, reflecting deeper integration of national capabilities into the defense industry’s supply chain.


#2- Cement sales in the Kingdom increased 7.3% y-o-y to 5.2 mn tons in October, the highest monthly volume since March 2021, Trade Arabia reports, citing a research note from Al Rajhi Capital. Yamama Cement led the market at a 15.3% share, followed by Saudi Cement at 13%.

SPORTS-

Tickets for the Riyadh Season World Snooker Championship 167 are now available via Webook, with the tournament set to run from 19 to 21 November at the Global Theater in Boulevard City, the General Entertainment Authority said in a statement on Sunday. The tournament will feature top stars like Ronnie O’Sullivan, John Higgins, and Ding Junhui, along with Saudi debutants Ziyad Al Qabbani and Ayman Alamri.

The spotlight will be on the Golden Ball, worth 20 points and a USD 1 mn prize, making a record 167-point break possible.

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

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

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

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

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

THE BIG STORY ABROAD-

The US Senate approved a funding measure to reopen the federal government, a major step towards ending the longest shutdown on record. The bipartisan bill — passed 60-40 — includes three full-year funding measures for parts of the government, as well as stopgap funding for the rest until 30 January. The date potentially sets the stage for another shutdown next year if negotiations fall through on key issues like the Affordable Care Act.

The measure will now head to the House, where it’s poised to pass as soon as Wednesday, then land on President Trump’s desk to be signed into law. (Washington Post | Reuters | CNN)

ALSO IN WASHINGTON, DC- Ahmed Al Sharaa became the first Syrian President ever to visit Washington, DC, after he met with US President Trump yesterday at the White House. The landmark talks saw Trump vow to help Syria’s economy after years of war and international isolation, while the Treasury department extended its waiver of the so-called Caesar sanctions by 180 days. A full removal of sanctions on Syria would need to be passed in the Congress. (Reuters | Semafor)

ALSO-

  • Visa and Mastercard revised up their settlement with merchants to USD 38 bn, seeking an end to 20 years of disputes over collection of swipe fees. (Reuters)
  • Two data centers are sitting empty in California, as greater demand on AI services highlights the energy bottleneck. (Bloomberg)

This publication is proudly sponsored by

Easier life with Tasheel
From OUR FAMILY to YOURS
2

MANUFACTURING

Industrial output climbs 9.3% y-o-y in September on higher oil production

The Industrial Production Index (IPI) increased 9.3% y-o-y in September, according to preliminary data (pdf) from the General Authority for Statistics. The growth was buoyed by higher oil output during the month following the accelerated unwinding of Opec+ production cuts.

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

Mining and quarrying activities — representing 61.4% of the total index weight — went up 11% y-o-y during the month, with the Kingdom’s oil output rising to 9.97 mn bbl / d, compared to 8.97 mn bbl / d in the same month last year.

Manufacturing also saw a 6.3% y-o-y increase, thanks to a 9.2% expansion in the manufacturing of chemical products and 6% y-o-y growth in the manufacture of petroleum coke and refined petroleum products. Meanwhile, the sub-index of electricity, gas, steam, and air conditioning supply logged 12.6% y-o-y growth, while the sub-index of water supply, sewerage, waste management, and remediation activities rose 9.2%.

MEANWHILE- The oil activities index climbed 10.1% y-o-y in September, the highest rate since January 2024, while the non-oil activities index posted a 7.3% y-o-y increase.

REMEMBER- The Kingdom’s non-oil private sector expanded at its fastest rate in six months inSeptember, hitting 57.8. The reading is still shy of January’s peak of 60.5.

3

INFRASTRUCTURE

Riyadh pushes forward with SAR 38 bn infrastructure projects

Riyadh gets a flurry of new infrastructure projects: Riyadh Governor Prince Faisal bin Bandar inaugurated 82 new development projects worth over SAR 9.8 bn and broke ground on 99 additional projects valued at over SAR 28.3 bn, the National Water Company (NWC) said in a press release on Sunday. The initiatives aim to enhance the region’s environmental, water, and agricultural infrastructure.

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

Water infrastructure: The NWC is rolling out 61 projects totalling SAR 4.5 bn to expand drinking water and wastewater networks across Riyadh. Meanwhile, the Saudi Water Authority (SWA) is carrying out three major projects worth over SAR 5.1 bn to increase desalinated water capacity and strengthen water security. The Saudi Irrigation Organization (SIO) is also upgrading irrigation systems and promoting water efficiency through projects exceeding SAR 58 mn, while the Environment, Water, and Agriculture Ministry has completed five projects worth over SAR 40 mn to enhance water supply to desalination plants serving Riyadh and neighboring governorates.

Environmental and agricultural initiatives: The National Center for Vegetation Development and Desertification Control completed 10 projects worth SAR 61.2 mn, including the rehabilitation of 4k hectares in Al Zulfi, the development of national parks in Al Ghat, Al Zulfi, Huraymila, and Wathilan, and the planting of 520k seedlings across several royal reserves and parks.

The newly launched foundation phase covers 99 projects across Riyadh, including 91 focused on drinking water and sanitation. These 91 projects include:

  • 11 projects being executed by SWA for SAR 21.4 bn;
  • 67 by NWC for SAR 4.6 bn;
  • One by the Saudi Water Partnership Company for SAR 1.8 bn;
  • 11 by the Environment Ministry for SAR 99 mn;
  • One by SIO for SAR 33 mn.

Agriculture investment push: Eight projects worth more than SAR 254 mn were also launched to support the agricultural sector. These include three projects by the Environment Ministry valued at SAR 183 mn, three by the National Center for the Prevention and Control of Plant Pests and Animal Diseases (Weqaa) worth SAR 46 mn, and two under the Sustainable Agricultural Rural Development Program (Saudi Reef) totalling SAR 24 mn.

4

EARNINGS WATCH

Petro Rabigh in the red (again) in 3Q + BinDawood, Flynas and more

PETRO RABIGH-

Rabigh Refining and Petrochemical Company slightly narrowed its net losses to SAR 1.2 bn in 3Q 2025, compared to SAR 1.3 bn in the same period last year, on the back of lower financial costs which were offset by lower margins and sales volume, it said in a Tadawul disclosure. Revenue declined 5.9% y-o-y to SAR 9.2 bn due to lower prices and sales volume in petrochemical products.

On a 9M basis, the company’s net losses reached SAR 3.3 bn, compared to SAR 3.8 bn over the same period last year. Revenue saw an 11.3% decline to SAR 24.4 bn.

Accumulated losses rose to 51.3% of capital (SAR 8.6 bn) in September. A 60-day full shutdown of the production complex, rising feedstock costs, and shipping disruptions in the Red Sea weighed down on the company’s results, according to the disclosure.

FLYNAS-

Saudi carrier flynas reported a 4% y-o-y increase to SAR 87 mn to its adjusted bottom line for 3Q 2025, according to an earnings release (pdf). The low-cost carrier’s top line recorded an inch-up of 6% y-o-y to reach SAR 2.1 bn during the same period.

On a 9M basis: The carrier saw its adjusted net income grow 18% y-o-y to SAR 426 mn in 9M 2025, while its revenues climbed up 3% y-o-y to SAR 6.1 bn during the same period.

Operational highlights: Flynas added nine new jets, boosting its fleet to 68 aircraft during 9M — with two new additional A320neos landing during the quarter, bringing the total new deliveries to seven aircraft YTD. The airline also launched 10 new routes across seven countries.

LOOKING AHEAD- The fleet is expected to grow from 68 to 74 aircraft within the next two months, with a revised 2030 target of 150-160 aircraft, down from 250, Flynas CEO Bandar Al-Mohanna told Al Arabiya. The airline plans to deploy its SAR 4.6 bn liquidity to support the expansion, extend routes across Europe and Asia, and advance its digital transformation.

Making a comeback? Flynas reported a 3% y-o-y drop to SAR 191 mn to its adjusted bottom line in 2Q 2025, while its top line also recorded a slight dip of 1% y-o-y to reach SAR 2.1 bn in 2Q.

BINDAWOOD HOLDING-

BinDawood Holding’s net income went up 14.9% y-o-y to SAR 40.2 mn in 3Q 2025, the company said in an earnings release (pdf). The gains were partially offset by increased operating costs, lower returns from financial deposits, and interest expenses related to financing the acquistion ofZahrat Al Rawdah Pharma.

Revenue rose 12.3% y-o-y to SAR 1.5 bn during the quarter, driven by growth in the core grocery business despite challenging market conditions, supported by the ongoing expansion of the BinDawood and Danube store networks.

On a 9M basis, BinDawood’s net income came in at SAR 156.4 mn, down 8.3% y-o-y, while its revenue climbed 10% y-o-y to SAR 4.7 bn.

ALSO- The company’s board greenlit a SAR 45.6 mn dividend payout for 1H 2025 at SAR 0.04 per share, according to a separate disclosure. The distribution date is set for 18 December.

DAR AL ARKAN-

Real estate giant Dar Al Arkan reported an 89.7% y-o-y increase in net income to SAR 255.6 mn in 3Q 2025, driven by higher property sales and increased project management and contracting revenues, it said in a disclosure to Tadawul. Revenue grew 10.7% to SAR 1 bn during the quarter.

In the first nine months of 2025, the developer’s bottom line rose 55.2% y-o-y to SAR 703.6 mn, while its top line inched up 2% to SAR 2.8 bn.

MBC GROUP-

MBC Group saw its net income rise 8.4% y-o-y to SAR 13.8 mn in 3Q 2025, it said in a disclosure to Tadawul (pdf). Revenue increased 7% y-o-y to SAR 810 mn over the same period, supported by growth in the Shahid streaming segment and media and entertainment initiatives, which offset a decline in broadcasting revenues.

On a 9M basis, the group’s net income jumped 70.8% y-o-y to SAR 427.8 mn, while its revenue climbed nearly 30% y-o-y to SAR 3.8 bn.

SAUDI GROUND SERVICES-

Saudi Ground Services’ (SGS) net income rose 24.3% y-o-y to SAR 101.5 mn in 3Q 2025, it said in a disclosure to Tadawul. Productivity enhancement and expense rationalization underpinned profitability amid modest 2.2% y-o-y top line growth to SAR 683.4 mn.

On a 9M basis, SGS’s net income grew 29.1% y-o-y to SAR 298.5 mn, while its revenue inched up 1.8% y-o-y to SAR 2 bn.

SMASCO-

Saudi Manpower Solutions (Smasco) posted a 40% y-o-y rise in net income to SAR 40.6 mn in 3Q 2025, supported by a 59% jump in gross earnings on the back of stronger demand and profitability initiatives and lower admin expenses, it said in a filing to the bourse yesterday. Meanwhile, revenue grew 15.3% y-o-y to SAR 534.2 mn during the quarter, driven by a 15% increase in corporate demand and an 18% rise in individual demand.

On a 9M basis, Smasco’s net income increased 7.3% y-o-y to SAR 110.6 mn, while its revenue climbed 9.1% y-o-y to SAR 1.5 bn.

5

MOVES

Karom Abu Zarour named CEO of Amwaj International, Tarik Solomon joins Teledyne FLIR Defense as MENA MD

Amwaj International Company appointed Karom Abu Zarour (LinkedIn) as its new CEO, effective yesterday, it said in a disclosure to Tadawul. Abu Zarour was promoted internally from his role as executive vice president for sales and marketing, succeeding Mahdi Mahmoud Khalafawi, who resigned for personal reasons. Abu Zarour brings over 17 years of experience in sales, marketing, and business development, including previous roles at Schneider Electric and Alfanar.

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

ALSO- US-based thermal imaging firm Teledyne FLIR Defense tapped Tarik Solomon (LinkedIn) as its new managing director for MENA, where he will oversee growth and localization initiatives from Riyadh, it said in a press release on Sunday. Solomon previously held executive roles at Arabian Sahara Company and UnmannedX and served as chairman-emeritus of the American Chamber of Commerce in the Kingdom. This move follows parent company Teledyne Technologies securing a regional headquarters license in Saudi Arabia, with plans to launch by mid-2026.

6

ALSO ON OUR RADAR

Care bags SAR 1.2 bn in shariah-compliant credit facilities from ANB

DEBT WATCH-

Our friends at National Medical Care secured a total of SAR 1.2 bn in shariah-compliant credit facilities from the Arab National Bank (ANB) to finance the development of Al Narjis Hospital and support working capital needs, the firm said in a Tadawul disclosure yesterday. The financing package is backed by a promissory note and title deeds for the hospital’s land and building. It also includes a SAR 1 bn murabaha facility with a tenor of up to 10 years and a SAR 200 mn overdraft facility that will be renewed periodically.

INFRASTRUCTURE-

Spain’s Acciona kicked off operations at the Shuqaiq 4 desalination plant with a daily capacity of 400 cubic meters, according to a press release. Located southwest of the Kingdom and equipped with seawater reverse osmosis technology, the facility will provide drinkable water to over 3.5 mn people in the region. This brings Acciona's total daily desalination capacity in Saudi Arabia to over 2.3 mn cubic meters, enough to supply clean water to over 9 mn people. Saline Water Conversion Corporation awarded the project in 2021 to Acciona and Al Rashid Trading and Contracting Company.

FINANCIAL SERVICES-

Tabby secures BNPL license: Saudi Arabia fintech Tabby obtained a license from the Saudi Central Bank to offer deferred payment services (known as buy-now-pay-later or BNPL), Sama said in a statement yesterday. The new operator raises the total number of licensed BNPL finance companies operating in the Kingdom to 68.

INS.-

Tawuniya to establish Riyadh Re: The Cooperative Ins. Company (Tawuniya) secured a license from the Ins. Authority to establish Riyadh Re for reins. services, it said in a Tadawul disclosure yesterday. Tawuniya will maintain 100% ownership of the new entity, which will be based in Riyadh with a total capital of SAR 550 mn. The new firm will focus on providing both treaty and facultative reins. services.

7

PLANET FINANCE

Buffett signs off with a message about mistakes, legacy, and the Golden Rule

We’re thinking this morning not about IPO pipelines, gigaprojects, economic indicators, or interest rates, but about the stepping-down of an icon who has been a fixture of the global investing scene for more decades than 99.999% of EnterpriseAM readers have been alive.

Warren Buffett, the so-called Oracle of Omaha, has written his last annual report, saying in his customary Thanksgiving note that he won’t hold the pen on Berkshire Hathaway’s next annual report. (Buffett will step down at year’s end, handing the reins to top lieutenant Greg Abel.)

It’s the end of an era: Buffett’s annual letters were required reading in global finance — so closely read by many in the global business community that they’ve long been treated as market-event pillars. Fans praised Buffett’s folksy, down-to-earth wisdom and the insights he offered on everything from value investing to the allocation of capital and long-term business thinking. The release of a Buffett letter was an “event” for the global business press, which would invariably dissect his missives for witty insights on investment, management, and the state of the US (and global) economy.

Buffett’s concluding message is about forgiveness, second chances, and making the most of life. (Sure, he talks about Berkshire’s transition to Abel and his personal philanthropic plans — but the meat for readers in our corner of the world? It’s in the last couple of pages.)

The best quotes:

Forgive yourself — and learn from your damn mistakes: “I’m happy to say I feel better about the second half of my life than the first. My advice: Don’t beat yourself up over past mistakes — learn at least a little from them and move on. It is never too late to improve.”

Don’t be a jerk: “Remember Alfred Nobel, later of Nobel Prize fame, who — reportedly — read his own obituary that was mistakenly printed when his brother died and a newspaper got mixed up. He was horrified at what he read.”

*Actively* decide how you want to live your life: Nobel, Buffett writes, “realized he should change his behavior. Don’t count on a newsroom mix-up: Decide what you would like your obituary to say and live the life to deserve it.”

Cliché as it may sound from one of the world’s wealthiest men: It’s not all about the money. “Greatness does not come about through accumulating great amounts of money, great amounts of publicity or great power in government. When you help someone in any of thousands of ways, you help the world. Kindness is costless but also priceless. Whether you are religious or not, it’s hard to beat The Golden Rule as a guide to behavior. … Keep in mind that the cleaning lady is as much a human being as the Chairman.”

Tap or click here to read Buffett’s full letter (pdf).

MARKETS THIS MORNING-

Asian markets are mixed in early trading this morning as investors react to signs that the end of the US government shutdown is upon us. The Nikkei and Kospi are in the green, looking at gains of 0.4% and 1.4%, respectively, and markets in China and Hong Kong are in the red.

TASI

11,244

0.0% (YTD: -6.6%)

MSCI Tadawul 30

1,464

-0.1% (YTD: -3.0%)

NomuC

24,351.5

0.0% (YTD: -22.6%)

USD : SAR (SAMA)

USD 3.75 Sell

USD 3.75 Buy

Interest rates

4.5% repo

4.0% reverse repo

EGX30

40,427.4

-1.0% (YTD: +35.9%)

ADX

10,020.3

-0.5% (YTD: +6.4%)

DFM

6,008

-0.3% (YTD: +16.5%)

S&P 500

6,832

+1.5% (YTD: +16.2%)

FTSE 100

9,787

+1.1% (YTD: +19.8%)

Euro Stoxx 50

5,664

+1.8% (YTD: +15.7%)

Brent crude

USD 64.06

+0.7%

Natural gas (Nymex)

USD 4.38

+0.9%

Gold

USD 4,127

+0.1%

BTC

USD 105,776

-0.5% (YTD: +12.9%)

Sukuk/bond market index

913.29

-0.34% (YTD:+1.24%)

S&P MENA Bond & Sukuk

151.95

+0.1% (YTD: +8.6%)

VIX (Volatility Index)

17.60

-7.8% (YTD: +2.1%)

THE CLOSING BELL: TADAWUL-

The TASI closed flat yesterday on turnover of SAR 4.3 bn. The index fell 6.6% YTD.

In the green: Dar Al Arkan (+5.3%), Saudi Paper Manufacturing (SPM) (+5.0%) and Amak (+4.7%).

In the red: Al Khaleej TRNG (-10.0%), MESC (-6.3%) and Flynas (-5.4%).

THE CLOSING BELL: NOMU-

The NomuC closed flat yesterday on turnover of SAR 26.9 mn. The index declined 22.6% YTD.

In the green: Al Fakhera (+16.9%), Al Razi (+14.2%) and Al Modawat (+11.4%).

In the red: Al Qemam (-9.0%), Munawala (-7.1%) and Knowledgenet (-6.7%).

CORPORATE ACTIONS-

Mobi Industry’s board greenlit a SAR 7.5 mn dividend payout for 3Q 2025 at SAR 0.15 per share, it said in a disclosure to Tadawul yesterday. The distribution date is set for Thursday, 27 November


NOVEMBER

10-12 November (Monday-Wednesday): BioFach Saudi Arabia, Riyadh International Convention & Exhibition Center.

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

16-17 November (Sunday-Monday): Jeddah Fintech Week 2025, Jeddah Hilton, Jeddah.

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

18 November (Tuesday): Crown Prince Mohammed bin Salman’s visit to Washington.

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.

23-27 November (Sunday-Thursday): Global Industry Summit by United Nations Industrial Development Organization, 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.

25-26 November (Thursday-Saturday): The Global Sustainability Expo, The Arena Riyadh Venue, Ghirnatah.

25-29 November (Thursday-Monday): General Aviation Airshow 2025 - Sand & Fun, Riyadh.

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

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.

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

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.

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.

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): 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.

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.

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.

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.

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.

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.
Now Playing
Now Playing
00:00
00:00