Modon awards SAR 1 bn contract to Miahona. PLUS: Happy Eid Al Fitr, everyone

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Teslas will be available for sale in Saudi Arabia next month

Good morning, wonderful people. It’s a rather slow final workday of Ramadan, sending us into the last weekend of the holy month on a calm note. Leading this morning’s news well is Miahona landing a SAR 1 bn contract from Modon to upgrade an industrial wastewater plant, as well as the latest set of proposed regulatory amendments from the Capital Market Authority on special purpose entities.

** EnterpriseAM Saudi will celebrate Eid Al Fitr throughout next week. We’ll be back in your inboxes at the appointed hour on Sunday, 6 April. We wish you all a happy and restful Eid with family and friends.

⚠️WEATHER- Most regions of the Kingdom are expected to see thunderstorms through next Friday, the National Center of Meteorology warned.

Riyadh: 27°C daytime / 15°C overnight
Makkah: 39°C daytime / 25°C overnight
Madinah: 33°C daytime / 18°C overnight

WATCH THIS SPACE-

#1- UPDATE- Al Othaim Investment plans to offer 30% of its shares in an IPO on Tadawul, CEO Bander Albohiry told Al Arabiya (watch, runtime: 7:10). The majority of the offering will be through newly issued shares, while the other part will be offered by existing investors, he said. The offering is slated for execution within six months after receiving the approval of the Capital Market Authority (CMA). Al Othaim Markets, also a subsidiary of Al Othaim Holding, is listed on Tadawul.

A do-over: In March 2022, Othaim Investment got the thumbs up from the CMA to IPO 30% of its shares but shelved its plans in June of that year, deciding to wait for a better time, according to a statement. That September, Abdullah Al Othaim Markets sold 13.65 mn shares in the company for SAR 846.5 mn.

ICYMI- We reported earlier this week that Al Othaim Investment is planning to debut on the stock market this year, having enlisted Saudi Fransi Capital as advisor on the planned transaction.

IN OTHER IPO NEWS- CMA approves Specialized Medical Company IPO: Specialized Medical Company secured CMA approval to offer 30% of its capital — good for 75k shares — on the stock market, the authority said in a statemen t. A prospectus for the offering is yet to be published.

#2- Tesla will begin selling its EVs in Saudi Arabia in early April, marking its entry into the Kingdom’s market after operating in other Middle Eastern countries for years, Reuters reports. A launch event will be held in Riyadh on 10 April to showcase Tesla’s electric vehicles, solar-powered products, and new technology, including an autonomous taxi and humanoid robot.

#3- Egypt’s Arab African International Bank (AAIB) plans to open a branch in Saudi Arabia to support Egyptian investors expanding into the Kingdom, Asharq Business reports, citing two sources it says have knowledge of the matter. The bank has already secured regulatory approval in Egypt and is awaiting Saudi clearance.

#4- Falak for Space Science and Research is preparing to launch the Kingdom’s first space-based experiment on 1 April, it said in a post on X. The local nonprofit is collaborating with SpaceX on a five-day mission to study the response of eye bacteria to microgravity as part of the Falcon 9-powered FRAM2 mission. “It’s about understanding how space conditions affect human vision. The results may guide future treatments for eye health, both in orbit and here on Earth,” a Saudi ophthalmologist at King Faisal Specialist Hospital said.

REMEMBER- Saudi Space Agency’s Chairman Abdullah Al Swaha and Industry and Mineral Resources Minister Bandar Bandar Alkhorayef met SpaceX leaders to talk about future space and technology collaborations last September.

DATA POINTS-

#1- The Social Development Bank (SDB) handed out SAR 1.7 bn in loans during 1Q 2025, Zawya reports. A total of 1.8k small and large businesses took facilities worth SAR 505 mn, while the remaining SAR 1.2 bn went to support some 20k entrepreneurs.

REMEMBER- The SDB handed out a total of SAR 8 bn in credit facilities in 2024, allocating some SAR 2.8 bn to freelancers and productive families (76k beneficiaries), SAR 2.6 bn to entrepreneurs and small businesses (7k beneficiaries), and SAR 2 bn to social finance (39k beneficiaries).

#2- Total donations during the National Campaign for Charitable Work reached SAR 1.43 bn as of yesterday, state news agency SPA said in a post on X. Willing to make a contribution? Visit the Ehsan platform.

SPORTS-

#1- Saudi PFL featherweight champ defends title at home: Abdullah Al Qahtani (12-2-0) is set to take on Egypt’s Islam Reda (12-1-0) in the Professional Fighters League (PFL) MENA set for 9 May in Jeddah, Al Arabiya reports. You can tune into the fight on Starzplay, with the streaming service having partnered up with the PFL to stream all of its content.

ICYMI-Al Qahtani came out on top at the 2024 PFL MENA Featherweight Championship last November.

#2- Saudi Arabia is considering hosting the EA Sports FC Supercup as part of a previous agreement in which the Kingdom secured the right to host two of the tournament’s next four iterations, La Sicilia reports.

REMEMBER- Riyadh hosted the tournament for the fifth time last January — when AC Milan took home the spoils following a 5-goal thriller against city rivals Inter Milan which ended 3-2.

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THE BIG STORY ABROAD-

The latest on Trump’s tariffs is dominating headlines this morning: US President Donald Trump said yesterday that a 25% tariff on all imported cars and light trucks will come into effect 3 April, he said during a presser at the White House, framing the move as a step to revive the domestic auto industry and raise revenues to support his tax cut agenda.

The reaction: European Commission President Ursula von der Leyen called the move “bad for businesses, worse for consumers” and Canadian Prime Minister Mark Carney slammed it as “a direct attack” on Canadian workers. Meanwhile, the United Auto Workers union backed the measure as a win for blue-collar jobs. (Reuters | New York Times | AP | Axios | CNBC | Bloomberg)

AND- Gaza sees rare protests calling for Hamas to step down: Thousands of Palestinians took to the streets across Gaza yesterday in a rare wave of anti-Hamas protests, demanding the group relinquish control of the territory to help end the war with Israel. The demonstrations began Tuesday in Beit Lahiya and spread to Gaza City and central Gaza yesterday. (Bloomberg | Reuters | AP | Washington Post | BBC | New York Times)

Miahona lands SAR 1 bn contract from Modon to upgrade Jeddah industrial wastewater plant

Miahona to upgrade Jeddah industrial wastewater plant: Riyadh-based water infrastructure player Miahona secured a SAR 1 bn rehabilitation, operation, and transfer (ROT) contract from the Saudi Authority for Industrial Cities and Technology Zones (Modon) to upgrade and manage the industrial wastewater treatment plant in Jeddah’s 1st Industrial City, it said in a disclosure to Tadawul.

The details: The 25-year service agreement covers system rehabilitation, construction, operation, maintenance, and management, including overseeing external network maintenance, wastewater treatment, and fee collection.

More in Miahona’s pipeline: Miahona is part of a consortium contracted for the construction of the SAR 1.5 bn Al Haer sewage treatment plant project. The plant will treat 200k cubic meters daily and features a 32 km treated sewage effluent (TSE) system with a 400k cubic meter daily capacity.

CMA seeks public feedback on amendments to SPE rules

The Capital Market Authority (CMA) is seeking public feedback on proposed amendments to the rules for special purpose entities (SPEs) in Saudi Arabia, according to a statement. The full draft (pdf) is available for consultation on Istitlaa until Tuesday, 29 April.

The rationale: The proposed amendments would, if passed, expand the debt and sukuk issuance options by introducing exempt placements for asset-backed and asset-linked recourse debt instruments. Under the regulations, sponsors must be legal entities that comply with all regulations. Limited liability companies would no longer be eligible to sponsor public placements.

What changed? Sponsors, affiliates, and creditors are prohibited from having undisclosed claims on an SPE’s assets. Trustees must be legal persons, and if they handle asset custody, they must be licensed capital market institutions. The new rules also ensure that creditors cannot take control of SPE assets unless explicitly agreed upon.

Trustees will now be responsible for representing debt investors. If a trustee fails to meet its obligations, investors or the sponsors may request a replacement. The CMA also has the authority to intervene and appoint a new trustee if necessary.

ALSO- Once a company sells assets to an SPE, it cannot take them back or interfere with their control. Additionally, investors who buy debt instruments from the SPE cannot demand repayment from the original company unless it was agreed upon in advance. The Board of Directors of an SPE must be independent of the sponsor. If the board has three or more members, the majority must be independent.

As for financial structure, investment-focused SPEs will have variable capital based on investor contributions, while other SPEs will have fixed capital recorded in unit-holder registers. SPEs must also obtain CMA approval before declaring bankruptcy. If an SPE is no longer needed, it can request early dissolution — subject to CMA approval.

Saudi Advanced Industries Company + EPCCO report 2024 results

SAIC-

Saudi Advanced Industries Company (Saic) posted a 98.3% y-o-y increase in net income to SAR 295.1 mn in FY 2024, despite rising financial, administrative, and zakat expenses, according to a disclosure to Tadawul. Meanwhile, the company’s top line grew 90.1% y-o-y to SAR 342.4 mn during the same period, aided by the sale of associated companies and financial assets, as well as an increase in unrealized gains.

EPCCO-

The Eastern Province Cement Company (Eppco) saw its net income increase 26.5% y-o-y to SAR 248 mn in FY 2024 on the back of improved results of an associate company, gains from divestments, and lower expenses, it said in a disclosure to Tadawul. Meanwhile, revenues were up 21.6% y-o-y at SAR 1.2 bn during the year, lifted by a higher demand and pricing for cement, as well as strong precast sales.

Al Rajhi + SNB are the Middle East’s top two most valuable banks

Al Rajhi and Saudi National Bank landed in the two top spots on Forbes’ 30Most Valuable Banks in the Middle East list. Ten Saudi banks in total were included on the list, with the banks holding a collective market value of USD 269 bn, making up one third of the total market capitalization of USD 600.8 bn, according to the Forbes’ 30 Most Valuable Banks 2025 report.

AMONG THE TOP TEN-

#1- Alrajhi Bank maintained its top position with a market value of USD 105.6 bn in 2025, serving 18.5 mn customers through 550 branches across Saudi Arabia, Jordan, Kuwait, and Malaysia.

#2- Saudi National Bank followed with a market value of USD 54.7 bn and total assets of USD 294.4 bn. The bank serves 14.4 mn customers through 481 branches, 21 retail service centers, and 93 QuickPay remittance centers across Saudi Arabia, Bahrain, the UAE, Qatar, Turkey, and Pakistan.

#9- Riyad Bank came in ninth with a market value of USD 23.4 bn, while total assets rose 16.4% y-o-y to USD 120.1 bn in FY2024. Riyad Bank operates 333 branches in Saudi Arabia, along with international offices in London, an agency in Houston, and a representative office

#10- Alinma Bank secured the tenth overall spot with a market value of USD 19.9 bn, serving 5.5 mn customers across Saudi Arabia as of December 2024.

ALSO IN THE RANKING- Saudi Awwal Bank, Bank Albilad, Arab National Bank, Banque Saudi Fransi, Bank Aljazira, and the Saudi Investment Bank were also listed among the top 30.

The Public Investment Fund (PIF) landed the IFR’s Middle East Bond Award in the Emerging Markets category, recognizing its maiden GBP-denominated bond issuance of GBP 650 mn, according to a statement.

ALSO- Saudi Aramco received the Middle East Equity Issue award from the IFR for its secondary share offering of SAR 46.3 bn, the Middle East’s largest secondary equity sale, according to a separate statement. Despite geopolitical pressures, strong demand led to a tight 6% discount, with shares holding above the issue price.

Saudi Networkers Services names Omar Abdullah Al Juraifani as CEO

Nomu-listed Saudi Networkers Services appointed Omar Abdullah Al Juraifani as CEO, effective 1 May, it said in a disclos ure to Tadawul. This follows the mutually-agreed termination of former CEO Raed Abdulaziz Arafeh’s (LinkedIn) contract, effective 30 April.

IMC Opens SAR 168 mn medical complex in Makkah

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HEALTHCARE-

IMC inaugurates new medical complex in Makkah: The International Medical Center (IMC), a Fitaihi Holding Group affiliate, opened a SAR 168 mn medical complex in Makkah’s Al Naseem district, Fitaihi said in a disclosure to Tadawul. The 19.9k sqm facility has 60 clinics.

ICYMI- IMC announced in November its plan to set up a new medical college in Jeddah, which will offer medical and nursing programs and a public health master’s degree, with a capacity for 1.2k students.

M&A WATCH-

Tihama Advertising and Public Relations signed a one-year non-binding MoU with Masar Alula to explore acquiring a stake in the firm, which owns the Hashikom restaurant chain, it said in a disclosure to Tadawul. The size and value of the stake were not disclosed. The move is still pending due diligence and regulatory approvals.

DEBT WATCH-

Knowledge EconomicCity lined up a SAR 150 mn shariah-compliant corporate facility from the Saudi Investment Bank, it said in a disclosure to Tadawul. The 4.5-year facility — guaranteed by land mortgages and promissory notes — will go toward financing the company's working capital needs.

CONSTRUCTION-

Diriyah Company tapped Turner & Townsend as project and construction management consultant for the Northern District Construction Contract (NDCC), it said in a post on LinkedIn.

REMEMBER- The PIF-backed NDCC is a joint venture comprising local contractor El Seif Engineering Contracting (Esec) and China State Construction Engineering Corp (CSCEC) valued at SAR 7.8 bn. It was formed to develop a mixed-use district set to be home to educational institutions, cultural venues, offices, and a luxury hotel.

ALSO- The global consultancy firm was hired as cost consultant by PIF-owned housing developer Smart Accommodation for Residential Complexes Company (SARCC), according to another post.

BACKGROUND- SARCC was set up in October to address the housing needs of public and private sector staff working in major construction and development projects nationwide. The real estate development and managing firm has since acquired Al Nakhla Residential Resort in a SAR 2.5 bn transaction to serve as a residential hub for senior management professionals.

CAPITAL MARKETS-

Delta Alreadh Capital earned approval from the Capital Market Authority to begin managing securities-related investments and advising activities, according to a statement from the authority.

MEDIA-

MRC Saudi partners with Adspective to boost audience analytics and ad strategies: Homegrown Analytics firm Media Rating Company (MRC Saudi) partnered with Warsaw-based AI advertising company Adspective to provide real-time insights into audience behavior, ad performance, and content engagement across television, digital, and out-of-home media, according to a press release. The collaboration combines media analytics with AI-powered virtual product placement, allowing ads to be inserted directly into content based on viewer behavior. No investment ticket or timeline specifics were disclosed.

TELECOMS-

Aces partners with RANsemi to develop 5G Open RAN neutral host small cell system in Saudi Arabia: Homegrown EPC contractor Aces partnered with UK-based wireless semiconductor firm RANsemi to develop a 5G Open RAN neutral host small cell system in the Kingdom, according to a post on LinkedIn. Both companies will showcase their prototype system at the Small Cells World Summit (SCWS) in London in June.

REFRESHER- Aces partnered with Nokia last month to deploy a sharable indoor solution in Makkah, allowing three CSPs to operate a common network infrastructure, with the scalable deployment laying the groundwork for future 5G expansion.

INVESTMENT WATCH-

Saudi Arabia and Egypt will partner up to produce fertilizers and soil enhancers in North Cairo’s Nubariya, under an agreement inked between the Saudi Green Company for Agricultural Development and Egypt’s Agricultural Research Center, according to a statement. At a later stage, the two sides plan to collaborate on seed production, clean energy — with a focus on solar energy — medicinal and aromatic plants, and research. Fertilizer production will begin next June.

Monaco leads world in bn-USD firms per capita

Monaco tops the global ranking for bn-USD companies per capita, according to a new report from BestBrokers, highlighting how capital, corporate scale, and innovation often concentrate in small or highly developed economies. The report analyzed over 5.5k listed companies worldwide with a market cap of at least USD 1 bn, using data from CompaniesMarketCap.

It’s all about corporate density: While the US hosts the largest number of these firms (approximately 1.9k), the report’s per capita lens shifts focus to corporate concentration rather than sheer volume. The US ranks 16th with 5.5 bn-USD companies per mn residents, while other major economies rank even lower: Japan (3.2), the U.K. (3.2), Germany (1.7), Brazil (0.3), India (0.2), and China (0.15).

Monaco has just three such firms, all in maritime transport, but its small population of under 40k gives it the highest corporate density: 77 bn-USD companies per mn residents. Luxembourg follows with 31.6, while Iceland ranks third with 18.1.These countries are usually popular choices for talent, and good places for innovation and economic growth.

Several Gulf and Asian economies appear high on the list, including Singapore (8.8), Israel (8.6), Qatar (8.4), and the UAE (5.8), which ties with Canada and edges out the US. Other high-income economies featuring prominently include Switzerland (13.8), and Sweden (10.5), reflecting their capacity to support large-cap firms, while Australia trails slightly at 5.4. Investment-oriented states dominate not only in per capita terms but also in corporate density per sq km, with Monaco, Singapore, Bahrain, and Luxembourg at the helm.

Meanwhile, in Switzerland, Saudi Arabia, Taiwan, and the US, the combined market capitalization of bn-USD firms exceeds 200% of GDP — a level that, according to the report, reflects deep financialization and outsized dependence on asset growth.

When big money becomes a big risk: The report warns that in highly financialized economies, market activity may outpace real economic growth, creating structural imbalances. Some economists link such imbalances to financial crises, such as the 2007-08 crash. When a handful of large corporations dominate national output, employment, and valuations, economies may become more vulnerable to asset price volatility, sector-specific shocks, and broader financial disruptions.

MARKETS THIS MORNING-

Asian markets are in the red, tracking declines on Wall Street yesterday following US President Donald Trump‘s decision to follow through on tariffs on automakers, with Japan’s Nikkei leading losses. Wall Street futures point to another lower open after the S&P 500, Nasdaq, and Dow Jones all suffered losses yesterday.

TASI	11,970	+2.3% (YTD: -0.6%)
MSCI Tadawul 30	1,518	+2.3% (YTD: +0.6%)
NomuC	30,988	+1.2% (YTD: -1.6%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	5.0% repo	4.5% reverse repo
EGX30	31,744	-0.1% (YTD: +6.7%)
ADX	9,374	+0.3% (YTD: -0.5%)
DFM	5,117	0.0% (YTD: -0.8%)
S&P 500	5,712	-1.1% (YTD: -2.9%)
FTSE 100	8,690	+0.3% (YTD: +6.3%)
Euro Stoxx 50	5,412	-1.2% (YTD: +10.5%)
Brent crude	USD 74.07	+1.4%
Natural gas (Nymex)	USD 3.86	+0.6%
Gold	USD 3,052	-0.1%
BTC	USD 86,945	-0.6% (YTD: -7.0%)

THE CLOSING BELL: TADAWUL-

The TASI fell 2.3% yesterday on turnover of SAR 6.2 bn. The index is down 0.6% YTD.

In the green: Masar (+14.2%), ACIG (+9.1%), and Nama Chemicals (+9.0%).

In the red: Gulf General (-2.6%), Tawuniya (-1.6%), and Astra Industrial (-1.3%).

THE CLOSING BELL: NOMU-

The NomuC rose 1.2% yesterday on turnover of SAR 49.5 mn. The index is down 1.6% YTD.

In the green: Group Five (+11.1%), Alrashid Industrial (+9.0%), and Alhasoob (+8.3%).

In the red: FAD (-18.8%), Aljouf Water (-9.3%), and Dar Almarkabah (-7.4%).

CORPORATE ACTIONS-

Bank Aljazira received the green light from the Capital Market Authority to increase its capital to SAR 12.8 bn from SAR 10.3 bn by issuing one bonus share for every four existing shares, according to a statement. The increase will be funded by transferring SAR 1.3 bn from the bank’s statutory reserve account and an equal amount from its retained earnings account. This will raise the total number of shares by 256k to about 1.3 bn.

YaqeenCapital received the Capital Market Authority’s green light for its capital hike to SAR 255 mn, according to a statement from the authority. The move will be carried out through a rights issue at a rate of 0.7 bonus share for every share held, bringing total shares to 25.5k from 15k. The company will tap SAR 105 mn from its retained earnings for the hike.

Lana Company general assembly approved hiking the company’s capital by 50% to SAR 54 mn through a bonus share issuance, it said in a disclosure to Tadawul. The SAR 18 mn increase will be funded via the company’s retained earnings and statutory reserve accounts, with shareholders receiving one bonus share for every two shares held. The additional capital will go toward shoring up the company’s capital base.

Buruj Cooperative Ins.’ board recommended not distributing dividends for FY 2024 to support the company’s financial position, it said in a disclosure to Tadawul. The move is yet to get the general assembly’s approval.

CALENDAR

MARCH

1-30 March: Ramadan.

30 March-2 April (Sunday-Wednesday): Eid Al Fitr holiday.

31 March (Monday): Deadline for applying to theReal Estate General Authority’s Regulatory Sandbox Program.

31 March (Monday): Deadline for applying to the World Intellectual Property Organization (WIPO) Global Awards 2025

APRIL

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

3-20 April (Thursday-Sunday): AFC Asian U17 Cup.

13-14 April (Sunday-Monday): Human Capability Initiative (HCI) Conference, King Abdulaziz International Conference Center, Riyadh.

13-16 April (Sunday-Wednesday): EdgeX HCI, The Ritz Carlton, Riyadh.

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

14-16 April (Monday-Wednesday): Umrah and Ziyarah Forum, King Salman International Convention Center, Madinah.

14-15 April (Monday-Tuesday): MESH Core Riyadh Conference for Innovation in Healthcare, Riyadh

17-23 April (Thursday-Wednesday): 11th edition of the Saudi Film Festival, Dhahran.

18-20 April (Friday-Sunday): Saudi Arabian Grand Prix, Jeddah Corniche Circuit, Jeddah.

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

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

23-25 April (Wednesday-Friday): Construction and Real Estate Development Exhibition, Jazan.

25 April- 3 May (Friday-Saturday): AFC Champions League Elite Finals, Jeddah.

28 April- 30 April (Monday-Wednesday): Automechanika Riyadh, Riyadh International Convention and Exhibition Center, Riyadh.

MAY

May: The World Intellectual Property Organization (WIPO) Global Awards 2025 announces its results.

3 May (Saturday): Canelo Alvarez vs William Scull, Anb arena, Riyadh.

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

9 May (Friday): PFL Mena Season 2 Kick-off

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

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

19-20 May (Monday-Tuesday): Tech-ecO-System Summit (ToSS), Riyadh.

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

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

JUNE

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

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

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

30 June (Monday): Deadline for Cancellation of Fines and Exemption of Financial Penalties Initiative by the Zakat, Tax and Customs Authority (Zatca).

JULY

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

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

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

AUGUST

5-17 August (Tuesday-Sunday): Fiba Asian Cup.

SEPTEMBER

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

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

23 September (Tuesday): Saudi National Day.

OCTOBER

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

NOVEMBER

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

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

27-30 November (Thursday-Sunday): The World Rally Championship (WRC), Jeddah.

DECEMBER

1-4 December (Monday-Thursday): International Conference on Nuclear Emergencies, Riyadh.

4-13 December (Thursday-Saturday): Red Sea International Film Festval, Jeddah.

December: The Fortune Global Forum 2025, Riyadh.

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

2026

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

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

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

2027

The World Water Forum takes place in Riyadh.

The Ocean Race finishes in Amaala on the Red Sea.

Riyadh-Kudmi transmission line to be completed.

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