Inflation marginally inches up in June

1

WHAT WE’RE TRACKING TODAY

THIS MORNING: FII Institute CEO resigned?

Good morning. Inflation saw a slight acceleration last month, although the usual suspect (we’re looking at you, rent) is showing signs of a slowdown, which is good news for our real estate market that has been running hot for quite a while now.

Also in today’s issue: PIF-backed Nesma & Partners acquired Al Yusr Industrial Contracting, advised by our friends at EFG Hermes. Al Yusr will continue to operate as an independent company within the group, but under newly tapped CEO Cristiano Tortelli.

AND- More 1H data is trickling in, and the Kingdom is firing on all cylinders, leading both MENA VC funding and GCC’s IPO tally. Let’s dive in.

WEATHER- Riyadh is expected to see a high of 45°C and a low of 30°C, while Jeddah’s mercury will go as high as 40°C and as low as 28°C. Makkah will see a 42°C and a 33°C low.

WATCH THIS SPACE-

#1- Did “Davos in the Desert” just lose its CEO? Penny Richards reportedly quit his position after only six months of moving into FII Institute’s ranks, Semafor reports, citing an internal document and a source it says is in the know. No reasons were mentioned for Richards’ sudden departure.

What now? Richard Attias will act as the CEO until a replacement can be picked, Semafor said. Attias — who helped found the institute years ago — is the founder and chairman of PIF majority-owned events and advisory outfit Richard Attias & Associates, which produced every edition of the Kingdom’s star-studded Future Investment Initiative (FII) summit.

#2- EgyptEducation Platform (EEP) is expanding into the Saudi market with plans to operate six schools in Riyadh, CEO Ahmed Wahby told Asharq Business (watch, runtime: 3:52). The company will take over the management of four existing schools in September 2026 and launch two new ones in September 2027, the first step in a broader strategy to expand into other Gulf and international markets, Wahby said.

REMEMBER- Spark Egypt for Training and Development, led by the EEP team, is managing and overseeing a USD 300 mn fund launched by EFG Hermes in November 2024 aimed at building a regional K-12 education operator. The fund aims to deploy USD 300 mn over the next three years with a primary focus on the Kingdom, alongside its ventures in the UAE and Bahrain.

#3- Syria will ban trucks coming from the Kingdom and Egypt from entering its territory starting 20 July, Director of Relations at the General Authority for Land and Sea Ports in Syria Mazen Alloush told the Syrian Arab News Agency (SANA) reports. Goods will instead be offloaded at the border for transfer. The move comes in response to ongoing restrictions on Syrian trucks entering both countries.

#4- Jizan has received 10 people rescued from the Greek vessel Eternity C, which was attacked by the Houthis in the Red Sea, Reuters reported yesterday. Another 15 people are missing following a two-day attack by sea drones and rocket-propelled grenades.

Background: Earlier this month, 22 people on board commercial vessel Magic Seas were rescued in the Red Sea by an AD Ports-operated ship after the vessel was attacked by the Yemen’s militant group.

CABINET WATCH-

King Salman chaired a mostly uneventful Cabinet meeting yesterday, during which the council approved MoUs and agreements with the UAE, Somalia, and Denmark, among others. The session saw the approval of amendments to the laws of Notarization and Arbitration laws, as well as the Code of Law Practice, to align with the provisions of the Civil Transactions Law. Details on the amendments are likely to show up in the Umm Al Qura gazette soon.

ALSO- The cabinet approval of the regulation for the Medical Referrals Center, and extended the Facilitated Mortgage Program for an additional three years.

DATA POINTS-

Saudi Arabia leads MENA sustainable bond issuances in 1H: Saudi Arabia led the region with USD 6.3 bn in green, social, sustainable, and sustainability-linked (GSSS) bonds in 1H 2025, accounting for the lion’s share of regional activity, Zawya reports, citing Bloomberg’s Capital Markets League Tables.

The regional picture: Overall regional GSSS volume declined 4.4% y-o-y to USD 9.5 bn, amid a slowdown in activity from Egypt and Qatar. Islamic instruments made up USD 6.8 bn of the total, while AT1 sukuk reached USD 3.2 bn — the highest 1H figure in five years. The UAE accounted for 34% of the total, issuing USD 3.2 bn.

REMEMBER- The UAE and Saudi Arabia are expected to lead sustainable bond issuances in the region this year, with total volumes forecast at USD18−23 bn.

OIL WATCH-

Opec tweak keeps Saudi in quota: The oil cartel relied on “secondary sources” in its latest monthly oil market report (pdf) to report Saudi oil production for June at just shy of 9.4 mn bbl / d, keeping it below its Opec+ quota. The secondary sources seem to have relied on supply-to-market in calculating the figure, in a rare departure from the usual wellhead production figures, Bloomberg reports, citing sources it said are familiar with the matter.

ICYMI- The Energy Ministry asked independent oil trackers earlier this week to report its June output using the alternative metric, citing a marketed supply of 9.35 mn bbl / d. The Ministry acknowledged Saudi briefly pumped extra oil into storage due to geopolitical tensions, but said the extra supply did not reach the market.

SPORTS-

#1- Portugal’s Jorge Jesus is now Al Nassr FC’s head coach, according to a post on X. Al Nassr inked a one-year contract with the 70-year-old Jesus, who is succeeding Italian Stefano Pioli, Reuters reported on Monday.

Moving between rivals: The move comes two months after Jesus and Al Hilal parted ways following the team’s defeat against Al Ahli, which won the 2025 AFC Champions League title.

The Don seems to have played a part here, with Jesus reportedly saying that “without Ronaldo’s invitation, I wouldn’t be at Al Nassr.”

#2- The Honor of Kings World Cup 2025 officially started in Riyadh as part of the Esports World Cup, according to EWC’s post on X. Sixteen teams are competing for a USD 3 mn prize, including top Chinese teams AG.AL and TT Global. The finals, taking place on 26 July, will feature a best-of-seven using the new Ultimate Battle draft mode.

The competition saw a star-studded opening, featuring performances by DINO of SEVENTEEN, Post Malone and others, as well as a collaboration between producer Alesso and cellist Tina Guo. The event’s red carpet welcomed a slew of celebrities from the streaming, sports, and entertainment worlds.

***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.

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, the MENA logistics and climate industries?

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

THE BIG STORY ABROAD-

There’s no single big story abroad this morning, but a mix of new tariff updates, rising inflation in the US, and increased violence in southern Syria are getting a lot of attention.

Tariffs on pharma and semiconductor chips could come as soon as this month, with the pharma tariff coming in low at first before US President Donald Trump hikes them a year later once pharma firms have gotten a chance to regroup. Trump had previously floated a tariff on pharma that could reach as high as 200%, and said he plans to impose a 50% tariff on copper. (Bloomberg)

Trump says we can expect two or three more trade agreements to be struck before 1 August, when reciprocal tariffs are set to go into effect, name-checking India as one that could materialize soon.

The US also reached an agreement with Indonesia that will see Indonesian imports face a 19% tariff, in exchange for bns in USD worth of committed purchases, including of Boeing jets and US energy. (Reuters | Guardian)

ALSO- The impact of tariffs seem to have started to trickle down to consumers, with consumer prices rising 0.3% in the US last month. The latest data suggests the US Federal Reserve will keep holding off on rate cuts until inflation is back in check. (Wall Street Journal | Reuters | Financial Times)

CLOSER TO HOME- Israel attacked military targets in Syria and Lebanon, killing 12 people in Bekaa Valley in Lebanon, including several Hezbollah fighters, and ramping up tensions with the Syrian government, which condemned the attacks on the southern city of Sweida. Sweida had seen an escalation of violence amid clashes between Druze — who dominate the city — and Bedouin groups that have killed more than 100 people, according to the Syrian government. (Guardian | BBC | New York Times)

Annual inflation inches up to 2.3% in June

Inflation slightly accelerated to 2.3% y-o-y in June, up 0.1 percentage point from May, driven mainly by a 6.5% increase in prices of housing, water, electricity, gas and other fuels — the heaviest component in the consumer basket, according to the General Authority for Statistics’ (Gastat) latest consumer price index (pdf).

On a monthly basis, consumer prices rose 0.2% last month, primarily due to a 0.2% rise in the housing, water, electricity, gas, and other fuels section, driven by a 0.3% rise in actual housing rent prices.

Housing, water, electricity, gas, and other fuels saw a 6.5% increase y-o-y during the month, a slight decrease from a 6.8% rise y-o-y in May. Rents paid for housing drove the increase, up 7.6% in June, attributed to a 7.1% jump in villa rental prices.

Food and beverage prices also inched up 1.5% y-o-y, pushed by a 2.4% rise in meat and poultry prices. Personal goods and services edged up 4.1% y-o-y, stemming from a 26.5% increase in the prices of jewelry, watches, and precious antiques.

ALSO- Restaurant and hotel prices went up 1.6%, due to a 1.9% rise in restaurant and cafe prices. Finally, education prices was up 1%, mainly led by a 5.0% increase in tertiary education fees.

Declines observed in other sections: Furnishing and home equipment prices fell 1.7% y-o-y, largely due to a 3.6% drop in prices of furniture, carpets and flooring. Meanwhile, clothing and footwear prices decreased by 0.6%, affected by a 1.4% decline in garment prices. Transportation prices also fell 0.7%, on the back of a 1.7% drop in vehicle purchase prices.

Looking ahead: Headline inflation in the Kingdom is likely to accelerate a little further throughout 3Q 2025 before peaking at around 2.6% y-o-y, Capital Economics’ James Swanston wrote in a recent research note seen by EnterpriseAM. “While it is likely to rise a little further [in] the coming months, we think there will be a return to disinflation as we head into 2026,” Swanston added in the note.

CE also expects inflation to average 0.8% y-o-y in 2026, which is (really) optimistic when compared to other forecasts. Riyad Capital sees inflation rising to 2.5% this year, before easing slightly to 2.3% in 2026, up from an inflation reading of 1.7% in 2024. The International Monetary Fund (IMF) said in June that inflation in Saudi Arabia will remain around 2% this year, supported by the currency’s peg to the USD, domestic subsidies, and a flexible labor supply.

Rental inflation is poised for a downturn: “Lower import price pressures from China – Saudi’s main import market – and further downward pressure on the residential real estate market amid reforms should keep rentals inflation on a downward path,” according to the research note.

Regional outlook: Inflation across the Gulf is set to moderate in 2H 2025 amid falling oil and shipping prices as geopolitical tensions ease and as the US Federal Reserve is expected to resume its rate-cutting cycle, Emirates NBD said in a recent report (pdf). Inflation across the bloc has been modest so far in 2025, averaging 1.3% y-o-y from January to May, marking a slowdown from 1.8% recorded last year.

WHOLESALE PRICE INDEX-

Producer prices rose by 2.1% y-o-y in June, driven by a 4.5% increase in the prices of other transportable goods, except metal products, machinery and equipment, as well as a 4.4% rise in the prices of agriculture and fishery products, according to Gastat’s wholesale price index (pdf).

Wholesale prices decreased by 0.1% during the month, which was attributed to a 0.2% drop in the prices of metal products, machinery, and equipment. This decline was largely influenced by a 0.5% drop in the prices of radio, television and communication equipment and apparatus and a 0.5% dip in the prices of general-purpose machinery.

PIF-backed Nesma & Partners acquires Al Yusr Industrial Contracting

Nesma & Partners acquired Al Yusr Industrial Contracting Company (AYTB) for an undisclosed sum, the company said in a press release. The PIF-backed group says the move aims to cement its position as the leading integrated industrial services platform in the Kingdom.

Same structure, new boss: AYTB will continue to operate as an independent company within the Nesma & Partners group, retaining its brand, organizational structure and operational independence. Cristiano Tortelli — a veteran of the industrial services space bringing over 30 years of experience — was tapped as CEO of AYTB.

The pitch: “This acquisition enhances both companies’ capacity to deliver high-value project solutions across the whole asset lifecycle – from consulting, engineering, construction, and commissioning to operations, maintenance, and upgrades,” the release said.

Meet Al Yusr: AYTB is a multidisciplinary industrial contractor that has served clients across oil and gas, petrochemicals, power generation and other heavy industrial sectors in Saudi Arabia for over 40 years.

Nesma has some strong backers: The group is jointly owned by Nesma Contracting Limited, Alturki Holding, Rawabi Holding, and the Public Investment Fund, according to a statement (pdf) by EFG Hermes, the financial advisor to Nesma & Partners on the transaction.

Saudi Arabia leads MENA VC funding in 1H 2025

Venture capital funding in Saudi Arabia surged 116% y-o-y to USD 860 mn from 114 investments in the first half of 2025, establishing the Kingdom as the leading venture market in the MENA region, according to Magnitt’s Emerging Venture Markets (EVM) press release (pdf). The growth was fueled by the return of mega-transactions (over USD 100 mn), including rounds for Ninja and Tabby.

Who else topped the region? The UAE logged USD 447 mn in funding, an 84% y-o-y increase across 114 transactions, according to Magnitt’s EVM report (pdf). This marked the UAE’s highest deployment level since 1H 2020. Meanwhile, Egypt’s total VC funding increased 90% y-o-y to USD 185 mn.

Bucking the EVM trend: VC funding across all EVMs dropped 7% y-o-y to USD 4 bn — the lowest half-year level since 2017. The decline was primarily due to a 32% drop in Mega rounds and a continued investment contraction in Southeast Asia, which has historically been the largest EVM market.

The MENA picture: Total VC funding in the MENA region rose 92% to USD 1.5 bn across 310 investments in 1H 2025. The figure marks the region’s strongest half-year performance since 2022 and represents 39% of total funding across EVMs — which include the Middle East, Africa, Southeast Asia, Pakistan, and Turkey — up from 19% in the same period last year.

Fintech was the standout sector in 1H 2025, with funding across the broader MENA region tripling y-o-y to USD 596 mn.

Our MVPs: Riyad Capital emerged as the most active investor by estimated capital deployed, while Plus.VC led in terms of the number of investments, according to a separate Magnitt brief (pdf).

The market is maturing: Some 42% of Series A and B rounds exceeded USD 20 mn, up from just 10% a year ago. This reflects a growing preference for ventures with proven traction and scalability as investors back companies that are ready to accelerate.

Saudi banks expected top Gulf for 2Q 2025 earnings growth

Saudi banks are expected to see a 14% y-o-y growth in aggregate net income in 2Q 2025, the highest in the GCC, according to a recent note from CI Capital seen by EnterpriseAM. Top banks on the list include Saudi Awwal Bank, Alinma Bank, Bank Aljazira , Riyad Bank (RIBL), and Banque Saudi Fransi .

Al Rajhi Bank is seen outpacing its local counterparts on a favourable Net Interest Margin (NIM) outlook. This will make the Saudi lender capable of “standing out as one of the only banks guiding for a NIM expansion” in CI Capital’s forecast for this year, the note said.

Our banking sector is also projected to lead in loan growth during the second quarter, with a 3.34% q-o-q increase in the kingdom, primarily fueled by a 3.53% q-o-q increase in corporate loans, the report noted.

This domination shows solid fundamentals and attractive valuations, the report noted while suggesting that “market challenges and risks are largely overplayed by the market”. Several macroeconomic indicators remain strong, including non-oil GDP growth, PMI readings, unemployment rates, and female involvement in the labor market.

REGIONALLY- UAE banks are coming in second place, with net income forecast to grow by 1.3% y-o-y in 2Q, while Kuwaiti lenders are projected to see their net incomes decline by 7.3% during the quarter.

ICYMI- The aggregate net income of the Kingdom’s top 10 listed banks grew by 6.3% q-o-q in 1Q 2025 to SAR 22.2 bn,supported by higher fee income and cost efficiency, global consulting firm Alvarez & Marsal’s said in its Saudi Arabia Banking Pulse 1Q report earlier this month. Net loans and advances for Saudi banks also grew by 5.4% q-o-q in 1Q, supported by an increase in corporate loans and deposits.

FinMin closes SAR 5 bn July sukuk issuance

The Finance Ministry wrapped up its SAR 5.02 bn local sukuk offering for July 2025, according to a statement from the National Debt Management Center (NDMC) released yesterday. The issuance comes under the government’s Saudi riyal-dominated sukuk program.

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

The issuance was structured in four trenches:

A four-year tranche, valued at SAR 776 mn;
A seven-year tranche, valued at SAR 1.34 bn;
An 11-year tranche, valued at SAR 823 mn;
A 14-year tranche, valued at SAR 2.1 bn.

The debt status: As of March 2025, Saudi Arabia’s total direct debt stood at SAR 1.33 tn — with SAR 797.1 bn in domestic debt and SAR 531.7 bn in external debt, according to NDMC’s data.

ITFC inks a USD 513 mn syndicated murabaha facility with Pakistan

The International Islamic Trade Finance Corporation (ITFC) inked a USD 513 mn syndicated murabaha financing facility with Pakistan, according to a press release. The facility was oversubscribed, with the final amount raised more than double the initial target.

Where will the money go? The facility aims to support Pakistan’s critical energy sector needs. The proceeds will be used for the import of crude oil, petroleum products, and liquefied natural gas.

Busy lately? The ITFC provided development funding to several countries over the few months, providing Senegal with EUR 2 bn to support its sustainable development efforts across the economic, health, and cultural sectors. It also gave USD 2.75 bn to Bangladesh to support energy security and agriculture in the country. The ITFC also earmarked USD 566 mn in on-lending facilities to 13 banks in Uzbekistan to support SMEs and job creation.

Wittify.ai lands USD 1.5 mn in pre-seed round

Riyadh-based conversational AI platform Wittify.ai raised USD 1.5 mn in a pre-seed funding round, from unnamed Saudi angel investors and business leader, according to a press release. The company is backed by three accelerator programs, including inspireU by stc, Misk x Plug and Play, and TikTok x Blossom Accelerator.

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

Use of proceeds: The company will use the funding to grow its engineering and product teams, finalize its platform development, and expand go-to-market efforts across the MENA and GCC regions.

About Wittify.ai: Founded by Nader El Batrawi (LinkedIn) and Sarah Alhumoud (LinkedIn), it seeks to help businesses build AI-powered voice, chat, and omnichannel assistants that support over 25 Arabic dialects. The no-code platform integrates with websites, social media, CRMs, and call centers, offering native Arabic speech technology.

Chemanol names Awadh Alwridah as CEO

Methanol Chemicals Company (Chemanol) has appointed Awadh Alwaridah (LinkedIn) as CEO, following the conclusion of Fares Al Abbad’s (LinkedIn) term as acting CEO, according to a disclosure to Tadawul. Al Waridah brings over 25 years of experience in the petrochemicals industry, having held senior roles at Sabic across manufacturing, R&D, strategic business units, and transformation projects. He most recently served as general manager of Sabic’s strategic transformation project Star.

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

Enar + UAE’s Jubaili Bros team up to boost solar energy use in the Kingdom

ENERGY-

Enar + Jubaili Bros make solar push: Local clean energy developer Enar Renewables and UAE-based power solutions provider Jubaili Bros signed a teaming and sub-distribution agreement to expand the use of solar and hybrid energy systems across the Kingdom, according to a press release. They will provide solar PV and hybrid solutions for commercial, industrial, and government projects.

About Enar: Enar — based in Al Khobar — is the clean energy arm of Alkifah Holding. The company provides EPC services, product distribution, and locally driven energy solutions. Building on Al Kifah’s industrial experience, Enar focuses on advancing sustainable power projects across the Kingdom.

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

AVIATION-

Etihad Airways will launch direct flights to Madinah starting November, part of its plan to add new destinations and expand travel options to and from Abu Dhabi, according to a press release. The airline aims to make it easier for travelers heading to the holy city, with ticket sales expected to open in the coming days.

Gulf IPOs cool in 1H, and Saudi Arabia keeps the crown

Gulf IPOs pulled back slightly in 1H, raising a combined USD 3.4 bn across 24 listings — a 6% y-o-y drop from the same period last year, according to a report (pdf) by Kuwaiti research firm Markaz.

Saudi remained the region’s IPO powerhouse, accounting for the lion’s share with USD 2.8 bn raised across 22 offerings — a 36% increase in value over 1H 2024 and representing 85% of total GCC IPO proceeds in the first six months of the year. The largest Saudi listing of the period came from Flynas, followed by Umm Al Qura.

A slow 1H for the rest: The UAE saw only one listing in the first half of the year, with IT services firm Alpha Data raising USD 163 mn, excluding Dubai Holding’s blockbuster AED 2.2 bn (USD 600 mn) listing of Dubai Residential REIT. Oman also contributed a single listing via Asyad Shipping, which raised USD 333 mn. Kuwait, Qatar, and Bahrain saw no listings in 1H.

Cyclicals dominated: The industrial sector led the way, accounting for 43% of total IPO proceeds with USD 1.4 bn raised. That included listings from Asyad, Nass, and several logistics and consultancy firms. Real estate followed with 17% of total proceeds, led by Umm Al Qura. Meanwhile, Specialized Medical Company contributing the bulk of USD 505 mn raised by healthcare IPOs

Kuwait’s bourse topped the region in performance, rising 18.1% YTD, followed by Dubai (10.6%), Abu Dhabi (5.7%), and Qatar (1.7%). In contrast, Tadawul ended 1H down 7.6%, and Bahrain’s Bourse lost 2.1%.

MARKETS THIS MORNING-

Asian markets are seeing yet another mixed morning, following gains for Asian chip stocks after the US lifted export curbs to China. Hong Kong’s Hang Seng is up 0.5%, while Japan’s Nikkei and the Shanghai Composite are both inching down 0.1%. Meanwhile, Wall Street futures are indicating a lower opening as the bank earnings season kicks into gear.

TASI	11,095	-1.1% (YTD: -7.8%)
MSCI Tadawul 30	1,421	-1.1% (YTD: -5.8%)
NomuC	27,301	-0.2% (YTD: -13.3%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	5.0% repo	4.5% reverse repo
EGX30	33,935	+0.6% (YTD: +14.1%)
ADX	10,151	+0.9% (YTD: +7.8%)
DFM	5,914	+1.0% (YTD: +14.6%)
S&P 500	6,244	-0.4% (YTD: +6.2%)
FTSE 100	8,938	-0.7% (YTD: +9.4%)
Euro Stoxx 50	5,354	-0.3% (YTD: +9.4%)
Brent crude	USD 68.86	-0.5%
Natural gas (Nymex)	USD 3.52	+1.6%
Gold	USD 3,337	-0.7%
BTC	USD 116,821	-2.7% (YTD: +24.7%)
Sukuk/bond market index	914.36	0.0% (YTD: +1.4%)
S&P MENA Bond & Sukuk	145.63	-0.2% (YTD: +4.1%)
VIX (Volatility Index)	17.38	+1.1% (YTD: +0.2%)

THE CLOSING BELL: TADAWUL-

The TASI fell 1.1% yesterday on turnover of SAR 4.5 bn. The index is down 7.8% YTD.

In the green: SHL (+5.2%), Sico Saudi Reit (+5.1%) and Teco (+3.3%).

In the red: Alistithmar (-4.0%), Tadawul Group (-4.0%) and Enaya (-3.4%).

THE CLOSING BELL: NOMU-

The NomuC fell 0.2% yesterday on turnover of SAR 21.9 mn. The index is down 13.3% YTD.

In the green: Horizon Food (+9.7%), NBM (+8.2%) and Knowledge Tower (+7.9%).

In the red: Knowledgenet (-9.9%), Albattal Factory (-7.5%) and Amwaj International (-7.3%).

CORPORATE ACTIONS-

#1- Yanbu Cement will distribute a SAR 78.8 mn dividend payout for 1H 2025 at SAR 0.5 per share, it said in a disclosure to Tadawul. The distribution date is set for 28 August.

#2- Saudi Lime Industries will boost its capital by 5% to SAR 231 mn via a bonus share issuance, it said in a disclosure to Tadawul. The SAR 11 mn capital increase will be funded from the outfit’s retained earnings, with shareholders receiving one bonus share for every 20 shares held. The raised capital will be used to shore up the company’s financial position and support expansion plans.

CALENDAR

JULY

July (Second week): World Intellectual Property Organization (WIPO) Global Awards 2025 awards ceremony, Geneva.

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

17 July (Thursday): Deadline to register for the Kingdom’s first civil aviation hackathon

Avithon.

20 July (Sunday): Real Estate Brokerage Forum, Riyadh International Convention and Exhibition Center, Riyadh.

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

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

AUGUST

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

5-17 August (Tuesday-Sunday): 2025 Fiba Asia Cup, Jeddah.

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.

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

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

23 September (Tuesday): Saudi National Day.

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.

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

15 October (Wednesday): Russian-Arab Summit.

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

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

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

28-30 October (Tuesday-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

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

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

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

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.

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.

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

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.

Sections

About

Privacy & Support

Get EnterpriseAM daily