Liquidation orders

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WHAT WE’RE TRACKING TODAY

THIS MORNING: It’s Davos week

Good morning, wonderful people. There may not be a metric ton of news out there, but there are a handful of big stories leading the news cycle on this fine Monday morning.

Banks across the Kingdom need to begin planning for how to offload foreclosed real estate assets, with the Saudi Central Bank now requiring them to submit plans and doing away with a previous system of one-off extension requests.

Meanwhile, the debt wheel is still spinning: Riyad Bank and Al Qemam are the latest to tap debt markets with SAR-denominated paper as Saudi National Bank and Saudi Electricity Company close their own USD-denominated issuances. Separately, a handful of companies are lining up bank facilities, including First Fix, which secured a loan ahead of its planned IPO.

ALSO WORTH YOUR TIME- We break down the newly-greenlit regulations on special economic zones, with an explanation of the value proposition and what the implementation journey looks like.

PSA- We messed up. An agency partner that helps us manage our email system screwed up an automation that sends welcome emails to new subscribers. The result? Many of you got welcome emails over the weekend to publications that some of you have been reading uninterrupted for as long as 11 years. We’re sorry for the unexpected appearance in your inbox — there’s nothing you need to do.

WEATHER- Scattered rain is expected across parts of Makkah, Riyadh, and the Western Region, while fog is forecast for Al Jouf, Makkah, Aseer, Al Baha, and Jazan, reducing visibility in these areas.

Riyadh: 24°C high / 14°C low.
Jeddah: 28°C high / 22°C low.
Makkah: 29°C high / 22°C low.
Dammam: 25°C high / 15°C low.

Happening this week

It’s Davos week: World leaders, bankers, and global business leaders are touching down in Switzerland this week for the World Economic Forum Annual Meeting, which runs tomorrow through Friday. You can go deeper on the meeting’s microsite here.

Saudi Arabia’s delegation, led by Foreign Affairs Minister Faisal bin Farhan, will include ministers and top officials including the investment, finance, commerce, and economy and planning ministers, as well as the Kingdom’s ambassador to the US Princess Reema Bandar Al Saud.

wwtt2] FOOD FOR THOUGHT — Communications firm Edelman’s annual pre-Davos poll indicates an increased distrust in governments and institutions, with people instead increasingly turning to their workplaces as a source of reassurance and predictability, Bloomberg reports. The biggest drags on trust? “Fears of inflation, potential job loss to AI and concerns about disinformation,” according to Edelman CEO Richard Edelman.

Data point

123k — that’s how many commercial registers were issued in the Kingdom in 4Q 2025, down from 160.5k in the same quarter a year earlier, according to the Commerce Ministry’s latest report (pdf). Riyadh led with 45.6k registrations, followed by the Eastern Province (20.1k) and Makkah (19.2k).

Total active registers: By the end of 2025, the Kingdom had roughly 1.8 mn active commercial registers, including 1.3 mn for institutions and 597.4k for companies. Riyadh remained the largest contributor with 651k registers, followed by Makkah with 384k.

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The big story abroad

A showdown between the US and the EU is set to take over Davos, as the EU readies a package of retaliatory tariffs — potentially EUR 93 bn’s worth — or restrict some US firms from the bloc’s market in response to US President Donald Trump’s 10% tariff threat to European countries over their opposition to his campaign to take over Greenland. Plans are being drawn up now to give EU countries leverage during talks that are set to take place at Davos this week, the Financial Times reports.

In other Trump-causing-anxiety-for-geopolitical-leaders news… the US has started inviting heads of states to join the US’ new “Board of Peace” which is being touted as an “international organization that seeks to promote stability, restore dependable and lawful governance, and secure enduring peace in areas affected or threatened by conflict.” The board — which would initially focus on rebuilding Gaza and then address other global conflicts — would become official once three member states agree to the draft charter for the proposed group.

Trump has already invited several European nations to join the board, along with Egypt and Turkey, while Argentina’s Javier Milei and Canada’s Mark Carney were also invited to be part of a Board of Peace for Gaza. Diplomats have raised concerns that this would be a “Trump United Nations” given Trump’s criticisms of the UN in the past.

The so-called board would also allow countries who pay a USD 1 bn fee a permanent spot on the board — otherwise, countries would join on a three-year term basis, Bloomberg reports.

MEANWHILE- Senegal clinched its second Afcon title after a dramatic game that saw it beat Morocco 1-0, even after players had walked off in protest of a controversial penalty that was awarded to Morocco in stoppage time. The penalty ended up being an easy save as Morocco’s star player Brahim Diaz attempted a Panenka-style chip, giving Senegal’s Papa Gueye a chance to score in extra time.

PLUS- The Syrian government and Kurdish-dominated militia the Syrian Democratic Forces have reached a ceasefire agreement after Syrian troops seized towns controlled by the SDF this week as Syrian President Ahmad al Sharaa works to extend his rule in the north. (Reuters)

Sama orders banks to offload foreclosed real estate assets

All banks in the Kingdom are now required to lay out how they plan to liquidate real estate assets acquired through debt settlements, following a decision from the Saudi Central Bank (Sama). Sama will no longer accept one-off extension requests, forcing banks to bake these liquidations into a board-approved annual strategy.
Why it matters: The decision is essentially a liquidity injection designed to bridge the gap between oversubscribed housing funds and a banking sector that needs to deploy capital more efficiently, MENA economist Hamzeh Al Gaaod told EnterpriseAM. By mandating upgrades and setting strict timelines for property readiness, the regulator is essentially prepping the market for a massive structural shift in five years, when Riyadh’s current rent freezes are set to expire, Al Gaaod added.

The details

Under the new rules, banks have a hard three-year window to offload any property not used for their own operations or employee housing. The shift here is from reactive to proactive; instead of asking for permission to hold onto a specific asset when a deadline hits, banks must now bake their exit strategies into a formal, annual roadmap, according to the statement.

Banks are required to submit their liquidation plans within 30 days of the end of the year. These plans must undergo management review and receive approval from the banks' boards of directors, with the review reports subsequently submitted to the Central Bank.

Semi-annual audits: In addition to the annual plan, banks must provide Sama with a detailed semi-annual statement of all real estate acquired in settlement of outstanding debts to ensure ongoing compliance.

The directive mandates disclosure of all real estate holdings, including assets approaching the end of their statutory holding period, those for which an extension is being sought, and properties still within the initial three-year regulatory window.

The big picture

The move comes to diversify investment options to allow foreign investors to own real estate directly, Al Gaaod told us. We’re seeing a total legislative rewiring of the Saudi real estate market. The move follows the landmark Foreign Ownership Law, which comes into effect this week, and the Law on Expropriation for Public Benefit and Temporary Seizure of Real Estate, which became effective on Saturday. By clearing bank balance sheets of “legacy” properties, the state is clearing the way for a more liquid, transparent market capable of absorbing the global capital expected to flow into the Kingdom's urban mega-projects.

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SEC + SNB close USD-denominated paper

Domestic issuers stayed active across the capital stack this week, with a major utility and the kingdom’s largest lender closing USD plays, a local bank moving to call outstanding Tier 2 paper, and a Nomu-listed tech firm lining up a fresh local sukuk program.

SEC

Saudi Electricity Company (SEC) closed its USD 2.4 bn senior unsecured sukuk, it said in a disclosure to Tadawul. The Reg-S issuance was split into three tranches, with tenors of 3, 6, and 10 years, it said in a disclosure to Tadawul. The tranches were sized at USD 500 mn (priced at 4.31%), USD 700 mn (4.518%), and USD 1.2 bn (5.065%). The sukuk will be listed on the London Stock Exchange (LSE).

SNB

Saudi National Bank (SNB) wrapped up its USD 1 bn additional tier 1 (AT1) issuance, announced last week, pricing the perpetual notes at 6.15% with a 5.5-year call, according to a bourse filing. The notes will be listed on the LSE.

Riyad Bank

Riyad Bank plans to redeem its SAR 3 bn Tier 2 sukuk due 2031 in full at face value on 9 February, exercising its call option at the end of the fifth year, according to a Tadawul disclosure. Earlier this month, the lender raised USD 1 bn through a Reg-S, 10-year Tier 2 sustainable note issuance, comprising 5k sukuk with a 5.8% annual yield rate.

Alqemam

Nomu-listed IT firm Alqemam for Computer Systems plans to offer SAR-denominated murabaha sukuk to fund its projects, it said in a bourse filing. The sukuk will be issued under a SAR 10 mn program structured in 20 tranches, starting with an initial SAR 500k tranche.

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Saudi Arabia rolls out new regs for four Special Economic Zones

The Cabinet approved the regulatory bylaws for four Special Economic Zones (SEZs) — Jazan, Ras Al Khair, King Abdullah Economic City (KAEC), and a dedicated Cloud Computing zone. Under the new framework, companies operating in these zones will no longer be governed by the standard Saudi Companies Law. Instead, they will benefit from tailored regulations offering greater flexibility, fiscal incentives, and streamlined procedures aimed at making the Kingdom a more competitive destination for global capital.

The value proposition is practical, Alvarez & Marsal Managing Director Yusef Alyusef told EnterpriseAM. The framework is “paired with a predictable execution model” where streamlined licensing and unified oversight reduce interpretive risk and shorten the path from approval to operations," Alyusef says.

The industrial zones

At the heart of the model are the three industrial zones — Jazan, Ras Al Khair, KAEC — each aligned with a distinct economic role. Jazan is positioned around heavy industry and energy, Ras Al Khair around maritime services and minerals, and KAEC around logistics and light manufacturing. Their bylaws codify a set of generous fiscal incentives: goods supplied from elsewhere in Saudi Arabia to these zones will be subject to 0% VAT when placed under customs suspension, while imports linked to licensed activities will be exempt from customs duties.

Companies will also benefit from exemptions on withholding tax, easing the repatriation of returns and payments for foreign services — historically a sticky point for multinationals operating in the Kingdom.

The Cloud Computing zone

Meanwhile, the Cloud Computing zone’s framework is focused on services rather than goods. Unlike its industrial counterparts, its regulations do not include specific articles on customs suspension or VAT exemptions for goods, reflecting its virtual nature. Instead, it focuses on income tax incentives and Zakat exemptions to attract global tech companies.

Standardized rules

Across all four zones, standardized company and labor rules apply. Businesses must operate as limited liability companies and, once registered, are treated as Saudi nationals regardless of ownership. Saudization targets will be applied with greater flexibility, taking into account labor availability and sector-specific needs, rather than fixed quotas.

“Saudi status” has its limits: The bylaws do not override the Public Procurement Law, Alyusef notes. SEZ registration “does not automatically grant universal eligibility for all government tenders outside the zone,” and companies should assess tenders case-by-case under the national procurement framework.

Family businesses: The framework also allows family-owned businesses to adopt binding family charters that override standard articles of incorporation. This allows family-owned firms to design their own governance structures without running afoul of the standard companies law.

Implementation + outlook

While the Special Economic Cities and Zones Authority maintains overarching oversight, day-to-day operation will differ by zone. Jazan and Ras Al Khair will be managed by the Royal Commission for Jubail and Yanbu, KAEC by Emaar Economic City Company under strict regulatory oversight, and the Cloud Computing zone by the Communications, Space and Technology Authority.

Who moves first? Alyusef expects the Cloud Computing and KAEC SEZs to see the fastest FDI inflows over the next 12 months. Cloud Computing benefits from shorter deployment cycles in tech, while KAEC allows investors to "realize customs and operational efficiencies immediately" due to its established port and logistics infrastructure. Heavy industry sites like Ras Al-Khair and Jazan typically require longer investment horizons.

The regulations will come into force 90 days after publication in the Official Gazette. Companies already operating in the zones will be granted a 90-day grace period to bring their structures and operations in line with the new bylaws.

IN CONTEXT- The revamped Special Economic Zones are another step in Saudi’s pivot from a pure import destination to a regional transshipment hub, aided by Zatca’s duty-free bonded zone regulations. As a result, re-exports jumped 131% y-o-y in October to SAR 13.8 bn, largely driven by a 387.5% spike in transportation equipment.

The new activity-based incentive framework operates within existing national tax and customs systems. According to Alyusef, this ensures full alignment with OECD BEPS standards regarding substance, transparency, and reporting.

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Financial heavyweights take the helm at Bahri

The National Shipping Company of Saudi Arabia (Bahri) appointed Sarah Al Suhaimi (LinkedIn), the longtime chairperson of the Saudi Tadawul Group, as its new chairperson, it said in a disclosure to Tadawul yesterday.

Al Suhaimi is joined by industrial-banking heavyweight Abdulla Mohammed Al Zamil (LinkedIn) as vice chair. The appointments follow the election of a new board for a three year-term ending on 15 January, 2029.

Why this matters: The new financial-industrial leadership signals a potential shift toward financial structuring and dealmaking for the logistics giant. Bahri’s next three-year term could be defined by M&A, international JVs, or significant capital activity.

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Tabuk Agricultural Development Company (Tadco) tapped Managing Director Abdullah Al Salhi as interim CEO, it said in a filing to the Bourse yesterday. Al Salhi, who assumed the position of managing director in in November, takes over following the previous CEO’s departure last week.

Almarai posts 4Q earnings

Almarai’s net income rose 7.9% y-o-y in 4Q 2025 to SAR 464.8 mn, supported by 5.8% y-o-y growth in revenues, with an improved sales mix across all segments in the majority of markets, it said in a disclosure to Tadawul (pdf). Revenue growth was driven by its dairy and juice, poultry, water, and bakery segments. Almarai’s full-year bottom line rose 6.2% y-o-y to SAR 2.5 bn, while its revenue grew 5.2% to SAR 22.1 bn.

More passenger capacity on Eastern, Northern train lines + A handful of loans

SAR to expand Eastern and Northern train lines

Saudi Arabia Railways (SAR) kicked off the procurement process to triple passenger capacity on its 2.7 km Northern network to more than 2.4 mn seats, issuing a new tender for the design, manufacture, supply, and maintenance of 10 new trains, it said on X Saturday. Bids must be submitted by 11 May.

Why it matters: The Northern line is the backbone of the Kingdom’s mining and industrial corridor, connecting Riyadh, Qassim, Hail, Al Jouf, Al Majmaah, and Al Qurayyat. The capacity jump allows for a seamless workforce movement between the capital and these northern economic zones.

SAR is also manufacturing 10 additional passenger trains for the Eastern Line as part of its ongoing fleet modernization program, which includes new stations such as Al Zulfi, Saudi Gazette reports.

Dar Al Majed + Najran + Tadweer + 2P + First Fix secure debt

The Fundamental Installation for Electric Work (First Fix), the MEP arm of Red Sea International, secured a SAR 200 mn credit facility from Saudi Investment Bank, according to a filing to the bourse. The financing is backed by a SAR 200 mn promissory note alongside a series of corporate and personal guarantees from Red Sea International, MSB Holding Company, and key individual guarantors.

Pre-IPO funding: The facility — earmarked for performance and advance payment bonds — indicates First Fix is moving into the execution phase on major contracts ahead of its planned public listing.

Dar Al Majed Real Estate signed a SAR 500 mn shariah-compliant financing agreement with Alinma Bank to fund the development of new real estate projects, it said in a disclosure to Tadawul. The 10-year facility includes a three-year grace period and is backed by promissory notes.

Najran Cement obtained a SAR 50 mn, mid-term shariah-compliant loan from Saudi National Bank to finance the expansion of its subsidiary, it said in a disclosure. The five-year facility, repayable in semi-annual installments with a six-month grace period, is backed by a promissory note covering the full exposure.

ALSO:

Perfect Presentation for Commercial Services (2P) renewed a SAR 135 mn shariah-compliant credit facility agreement with Alinma Bank, it said in a Tadawul disclosure. The one-year facility, secured by promissory notes, will be utilized to support new project awards, manage invoice financing, and issue letters of guarantee and credit.
National Environment Recycling Company (Tadweer) secured a SAR 90 mn, 12-month shariah-compliant credit facility from Saudi Awwal Bank to support its working capital needs, also backed by a promissory note, according to a disclosure.

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The 2026 global outlook: Stability meets “hidden” friction

The global economy in 2026 will be defined by a state of deceptive stability, where the "settled dust" of headline growth figures masks a series of profound structural shifts in trade, technology, and monetary policy, according to Fitch Solutions’ research unit BMI. Global real GDP growth is projected to land at 2.5%, marginally below the 2.6% estimated for 2025. While this suggests a return to a predictable macro environment, nine “hidden” risks — from US intervention in Venezuela to the cooling of the AI investment cycle — threaten to rock the boat, BMI says.

The primary takeaway for 2026 is not that the volatility of the early 2020s has vanished, but rather that the “shocks” of the previous five years — from aggressive interest rate hikes to radical trade realignment — have now become the baseline reality.

This “new normal” is defined by a global easing of inflation and a subsequent stabilization in monetary policy support. Most central banks are expected to reach their terminal rates by 2026, marking the end of the most aggressive tightening and easing cycles in recent memory. While this suggests a more predictable cost of capital, BMI notes that this “settled” environment creates its own set of challenges.

What to look for under the hood

The danger for 2026 is a sense of complacency driven by the steady headline data. The report identifies nine under-appreciated or less well-recognized risks and surprises that could disrupt the consensus view. These “hidden” factors are designed to alert readers to alternative scenarios that exist across multiple geographies and industries, moving beyond the standard macro predictions that most of the market is currently pricing in.

Among the risks (and upside) lurking in the shadows: BMI identifies a handful of potential risks and positive scenarios that could shape the year ahead. These include the shift toward US-led “grand bargains” with China and Russia that risks alienating traditional allies, fragmenting global supply chains, and sparking trade protectionism. Meanwhile, the global landscape could face critical vulnerabilities from crumbling Antarctic treaties, widening vaccine immunity gaps, increasingly uninsurable cyber risks, and the struggle of aging Asian economies to secure essential skilled talent.

Also worth looking out for: The US’ fiscal health, as the country could be looking at a “financial repression” shock in 2026, BMI suggests. Public debt sits at nearly 100% of GDP and net interest outlays set to top USD 1 tn in 2026, while fiscal deficits are at 6.0% and the gross federal debt is at USD 38.4 tn. “This arithmetic collides with a heavy maturity calendar and large gross issuance, keeping the Treasury market acutely sensitive to funding conditions,” BMI says.

AI bust? Adding fuel to the fiscal fire is a physical bottleneck in the AI shift. Surging electricity demand from data centers is hitting the hard limits of the US, UK, and the EU’s power grid. BMI warns that 2026 could see “processing power” rationed, with wholesale electricity prices spiking by 25-200% at key nodes, potentially adding 0.3-0.5 percentage points to headline CPI. This will complicate the path towards inflation targets, and disrupt the investments and fiscal sustainability trajectory.

MARKETS THIS MORNING-

Asia-Pacific markets are starting off the week on mixed footing, with investors keeping an eye on China’s 4Q 2025 GDP figures and other key data, as well as Washington’s continued drama over Greenland. Japan’s Nikkei and the Hang Seng Index are both in the red, while the Shanghai Index and South Korea’s Kospi are trading up. Wall Street futures suggest a muted start to the trading day across the pond, after closing a losing week on Friday.

TASI	10,912	+0.9% (YTD: +4.0%)
MSCI Tadawul 30	1,467	+0.7% (YTD: +5.7%)
NomuC	23,443	+0.1% (YTD: +0.6%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	4.25% repo	3.75% reverse repo
EGX30	43,953	+1.4% (YTD: +5.1%)
ADX	10,123	+0.7% (YTD: +1.3%)
DFM	6,316	+0.9% (YTD: +4.5%)
S&P 500	6,940	-0.1% (YTD: +1.4%)
FTSE 100	10,235	0.0% (YTD: +3.1%)
Euro Stoxx 50	6,029	-0.2% (YTD: +4.1%)
Brent crude	USD 64.07	-0.1%
Natural gas (Nymex)	USD 3.49	+12.3%
Gold	USD 4,669	+1.6%
BTC	USD 92,611	-2.5% (YTD: +5.7%)
Sukuk/bond market index	921.98	-0.11% (YTD: +0.3%)
S&P MENA Bond & Sukuk	151.58	-0.2% (YTD: -0.2%)
VIX (Volatility Index)	15.86	+0.1% (YTD: +6.1%)

THE CLOSING BELL: TADAWUL-

The TASI rose 0.9% yesterday on turnover of SAR 3 bn. The index is up 4% YTD.

In the green: Arabian Shield (+8.6%), Chubb (+6.3%) and Baan (+6.1%).

In the red: Tas’heel (-2.3%), Sedco Capital Riet (-2.2%) and Smasco (-1.6%).

THE CLOSING BELL: NOMU-

The NomuC rose 0.1% yesterday on turnover of SAR 17.2 mn. The index is up 0.6% YTD.

In the green: Molan (+19.1%), Amwaj International (+10.0%) and Food Gate (+9.3%).

In the red: Mayar (-7.8%), Apico (-6.9%) and Axelerated Solutions (-6.7%).

CALENDAR

JANUARY

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

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

26-27 January (Monday-Tuesday): GPRC Summit, Riyadh.

26-28 January (Monday-Wednesday): Saudi Franchise Expo (SFE), Riyadh Exhibition and Convention Centre, Riyadh.

26-28 January (Monday-Wednesday): Real Estate Future Forum, Four Seasons Hotel, Riyadh.

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

27-28 January (Tuesday-Wednesday): SkyMove Air Cargo MENA, Riyadh.

28 January (Wednesday): Data Center Nation Riyadh, Riyadh.

28-30 January (Wednesday-Friday): Jeddah International Travel and Tourism Exhibition (JTTX), Jeddah.

FEBRUARY

2-4 February (Monday-Wednesday): Saudi Media Forum, Riyadh.

2-4 February (Monday-Wednesday): Women Leaders Summit and Awards KSA, Riyadh.

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

3-4 February (Tuesday-Wednesday): RLC Global Forum Annual Meeting, Riyadh.

4 February (Wednesday): Michelin Guide’s Restaurant Celebration, Four Seasons Hotel, Riyadh.

5 February (Thursday): Deadline to submit bids for EPC contract for Ras Mohaisen-Baha-Makkah Independent Water Transmission System.

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.

8-9 February (Sunday-Monday): AlUla Conference on Emerging Market Economies (ACEME), Maraya Hall, AlUla.

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 February (Wednesday) Digital Transformation Summit Saudi Arabia (DTS), Riyadh.

11-14 February (Wednesday-Saturday): JeddaDerm, Jeddah.

13-14 February (Friday-Saturday): Jeddah E-Prix 2026, Jeddah.

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

16 February (Monday): King Salman Stadium design-and-build contract prequalification submission deadline.

16 February (Monday): First day of Ramadan (TBC).

22 February (Sunday): Founding Day.

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

MARCH

12 March (Thursday): Deadline for real estate registration for 253.2k properties in 499 neighborhoods across Riyadh, Qassim, Makkah, and Hail.

18-23 March (Tuesday-Monday): Eid Al-Fitr holiday (TBC).

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

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

APRIL

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

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

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

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

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

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

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

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

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

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

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

MAY

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

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

24-28 May (Sunday-Thursday): Eid al-Adha holiday.

JUNE

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

SEPTEMBER

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

23 September (Wednesday): Saudi National Day.

OCTOBER

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

Signposted to happen sometime in 2026:

2H: Sabic’s USD 6.4 bn Fujian project in China to start production in 2026.
November: UN Trade and Development Global Supply Chain Forum to take place in Saudi Arabia.
November: The Esports Nations Cup, Riyadh.
The Intervision international music competition will take place in Saudi Arabia.
6 July-23 August (Monday-Sunday): Esports World Cup, Riyadh.

Signposted to happen sometime in 2027:

The World Water Forum takes place in Riyadh.
The Ocean Race finishes in Amaala on the Red Sea.
Riyadh-Kudmi transmission line to be completed.

Signposted to happen sometime in 2Q 2027:

The Hail Region Water Networks Project is expected to be completed.

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