Opec+ raises output for October

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Foreign investors rushed to Tadawul in August

Good morning. Opec+’s thirst for production hikes has not been quenched yet, it seems, as the group agreed to yet another hike for October. While the hike is relatively lower than the previous accelerated cut reversals, the group is saying it will continue monthly hikes through September 2026.

ALSO- An EGP 900 bn project on Egypt’s Red Sea is on the way, courtesy of Citystars and Emaar Misr. The project will be modeled after Emaar’s flagship Marassi North Coast and is expected to be the first of many big projects to be announced.

WEATHER- The Kingdom is bracing for rain until the end of the week, with heavy rains are expected over Makkah, Asir, and Al Baha, along with moderate to light showers over Riyadh, Jazan, and Najran. Riyadh will witness temperatures peak at 42°C before cooling down to 32°C today, Jeddah’s mercury will go as high as 38°C and as low as 31°C, and Makkah will see a 40°C high and 33°C low.

NEWS TRIGGERS-

The General Authority for Statistics is set to roll out final GDP figures for 2Q 2025 today, according to the authority’s calendar. Flash estimates showed real GDP grew 3.9% y-o-y in 2Q, supported by a strong momentum in the non-oil sector.

ALSO- The Industrial Production Index (IPI) data for July 2025 is scheduled to come out tomorrow. The IPI rose 7.9% y-o-y in June, fueled by broad-based growth in manufacturing, mining and quarrying, utilities, and waste management activities. We expect the annual growth to continue in July.

HAPPENING TOMORROW-

Index Saudi Arabia kicks off tomorrow at the Riyadh Front Exhibition & Conference Center. The three-day expo brings together more than 400 exhibitors from over 40 countries and attracts around 17k visitors. The event showcases products across nine sectors, including furniture, furnishings, textiles, flooring, décor, kitchens, bathrooms, art, and fit-out services.

The International Beauty Expo kicks off tomorrow at the Jeddah Superdome. The three-day event brings together exhibitors and buyers from across the global beauty and personal care industry, showcasing the latest in cosmetics, skincare, fragrances, hair care, nail care, spa and salon equipment, and packaging solutions.

The Seredo Real Estate Development and Ownership Exhibition kicks off tomorrow at the Jeddah Superdome. The three-day event builds on the success of last year’s edition, which hosted over 55 participants from real estate, investment, and banking. This year’s exhibition brings together developers, investors, and key stakeholders to showcase projects and explore potential investments.

PSAs-

#1- The subscription window for the September round of the government-issued retail sukuk program Sah closes tomorrow at 3pm, the National Debt Management Center said on X. The offering, which kicked off yesterday, offers a 4.88% annual return, with investment limits set at a minimum of SAR 1k and a maximum of SAR 200k per investor.

#2- Title deed registration for 214.2k properties across Riyadh and the Eastern Province is now open until 11 December, the Real Estate Registry (RER) said on X yesterday. The registrations cover over 157.7k plots in Riyadh and 56.4k in the Eastern Province. Property owners can register online through the RER website or by visiting a service center.

#3- REMINDER- Businesses subject to withholding tax must file their August returns by Wednesday, 10 September via Zatca’s website, it said in a statement yesterday. Late submissions will face a 1% penalty for every 30 days of delay.

WATCH THIS SPACE-

Internet connectivity in the Middle East and parts of Asia was disrupted on Sunday by undersea cable cuts in the Red Sea, the Associated Press reported yesterday. Internet monitor NetBlocks traced the outages to the SMW4 and IMEWE cable systems near Jeddah, affecting users in India and Pakistan. Meanwhile, Microsoft warned of slower speeds for its Mideast users on its status website. Telecom providers in the UAE and Pakistan have also noted disruptions, while Saudi authorities have not yet commented.

The cause of the cuts is unclear, with concern that the cables could have been targeted by Yemen’s Houthi rebels, who have denied attacking the lines in the past. The cuts could also have been caused accidentally by ship anchors. Repairs could take weeks, as specialized crews are needed to locate and fix the lines.

MARKET WATCH-

Non-Gulf investors accounted for 41% of all Saudi stock purchases during the final week of August, marking one of the highest weekly ratios on record, Bloomberg reports, citing Tadawul data. Foreigners also made up 35% of total purchases for the month, indicating foreigners are now finding the market increasingly attractive with most companies undervalued.

IN CONTEXT- TASI shed 2.1% in August to close the month at 10.7k points, down some 11% YTD. The drop is largely due to a dip in global oil prices — which are down nearly 9% since the start of the year.

DATA POINT-

Air carrier complaints jumped 38.8% y-o-y to 1.97k in July 2025, according to our calculations based on data shared by the General Authority of Civil Aviation (Gaca). Airport complaints also increased 105% y-o-y to 162 during the month. Flagship airline Saudia recorded the fewest complaints per 100k passengers in July, receiving 31 complaints, followed by flynas with 36 and flyadeal with 40.

For international airports serving over 6 mn passengers annually, King Khaled International Airport and King Abdulaziz International Airport held the lowest complaint rate at one per 100k passengers. Meanwhile, the complaint rate for Prince Mohamed International Airport and King Fahad International Airport doubled y-o-y to reach two per 100k passengers.

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THE BIG STORY ABROAD-

The global press zeroed in on US President Donald Trump’s “last warning” to Hamas, as he continued to push the group to accept the terms of his ceasefire and hostage release agreement. “The Israelis have accepted my Terms … It is time for Hamas to accept as well,” Trump wrote on Truth Social. Trump’s Middle East envoy Steve Witkoff last week delivered the proposal to Hamas — the proposal includes releasing all 48 remaining Israeli hostages in exchange for ending Israel’s war on Gaza.. (Bloomberg | Reuters | Axios | AFP | BBC)

ON THE TARIFFS FRONT- US Treasury Secretary Scott Bessent warned that the Trump administration may have to return as much as USD 1 tn in collected tariffs if the Supreme Court strikes down the president’s reciprocal tariffs, writes CNBC. During an interview, Bessent said “we would have to give a refund on about half the tariffs, which would be terrible for the Treasury,” though he expressed confidence that the court would ultimately side with the administration.

AND IN SPORTS NEWS- Carlos Alcaraz reclaimed the world No. 1 spot yesterday after defeating Jannik Sinner in the US Open final. Alcaraz’s 6-2, 3-6, 6-1, 6-4 victory handed him his second US Open and sixth Grand Slam title and a 10-5 edge in his head-to-head rivalry with Sinner. (Associated Press | BBC | New York Times)

ALSO WORTH READING THIS MORNING-

Are music-backed bonds the next hot thing on Wall Street? The so-called “Bowie bonds” — debt instruments backed by music royalties — are hitting the mainstream, with investors like Blackstone and Carlyle helping raise a record USD 4.4 bn in 2025. (Financial Times)
The death of the career ladder? As AI eats into entry-level jobs, the classic American tale of climbing from mailroom to CEO could soon be a thing of the past. Research shows a 50% drop in new roles for fresh grads at major tech firms, and with org charts flattening and AI systems working 24/7, early career development is under threat. Experts suggest the “bottom rung” may disappear entirely — but optimists say a flatter structure could just uplevel everyone. (CNBC)

Opec+ raises output for October

Opec+ will raise output again next month, approving an additional 137k bbl / d from October as part of its accelerated rollback supply cuts, according to a press release. The group said that it will continue monthly hikes through September 2026, fast-tracking the return of 1.65 mn bbl / d that was previously set to stay offline until end-2026.

Blindsiding the market: Analysts had said Riyadh was unlikely to push more barrels into the market immediately, as the Kingdom seeks to balance its market-share play against the risk of adding to a surplus and pressuring prices further. The bloc has already added some 2.5 mn bbl / d since starting output hikes in April, reversing its 2023 supply curbs. Crude has stayed near USD 70/bbl, supported by Western sanctions on Russia and Iran, and by Opec+ supply falling short of pledges.

BUT- Most members are already pumping at or near capacity, leaving Saudi Arabia and the UAE as the only producers able to meaningfully increase supply, Reuters reports, citing analysts and production data.

By the numbers: Middle East crude exports slipped to a three-month low of 17.13 mn bbl / d in August, down 754k bbl / d from June’s peak, even as Opec+ has been ramping production, Mees reports. Regional Opec+ quotas have risen by a cumulative 1.45 mn bbl / d since August last year, but actual exports increased by only 471k bbl / d, topping out at 17.89 mn bbl / d in June, Mees said, citing Kpler data.

The August drop was driven in part by higher summer oil burn, but a bigger story is the pivot toward refined products. While crude shipments have fallen over the past two months, refined product exports from the region surged to a record 5.32 mn bbl / d in August, according to Kpler data.

Seasonal demand patterns mean Opec+’s output hikes were never going to translate into a summer export surge, with much of the extra crude absorbed by domestic consumption. The real test comes in 4Q, when cooling demand at home could free up Saudi and its neighbors to push more barrels onto the market — raising fears of a supply glut, Mees said.

Citystars, Emaar Misr to develop a EGP 900 bn Marassi on Egypt’s Red Sea

Introducing Marassi Red Sea: Emaar Misr and Saudi-owned Citystars Properties will develop an EGP 900 bn integrated tourism project on Egypt’s Red Sea — dubbed Marassi Red Sea — under a contract inked with the Egyptian government, according to a cabinet statement. The development is slated for completion in four years, aiming to boost the Red Sea’s status as a global tourism destination.

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Think Marassi North Coast — but on the Red Sea: The new project is modeled after Emaar’s flagship Marassi in the Egyptian North Coast, which has become a magnet for mns of visitors and a fixture on the Mediterranean tourism map.

Here’s what you can expect from the development: The 2.4k-feddan development is located 30 minutes from Hurghada International Airport and will include 12 luxury hotels, thousands of hotel rooms and residential units, and more than 500 waterfront shops and restaurants. The project will also include a world-class marina, private beaches, and boutique marinas.

A lot more than just a summer destination: The development will house an international conference center, schools, hospitals, sports and leisure facilities, and the Marassi Wonders entertainment zone, which will include a waterpark and sports clubs. The project is expected to generate USD 200 mn in annual revenues, Emaar Misr chairman Jamal Bin Theniyah said.

Who owns what? Emaar Misr will hold 50% of the project and Citystars will own the other half, Emaar Properties founder Mohamed Alabbar told reporters.

The project will create 150k-170k direct and indirect jobs during construction. Once it officially opens its doors, the project is expected to employ 25k people.

We had an idea this was coming: Sources told Asharq Business in June that Emaar Misr was developing a 10 mn sqm integrated Red Sea tourism project in partnership with Citystars on a Citystars-owned plot. At the time, it was reported that the project will generate over EGP 500 bn in revenues once completed.

Project spending to continue driving GDP growth -Emirates NBD

The Kingdom has USD 440 bn in already committed projects, with another USD 1.55 tn in the pipeline, according to an Emirates NBD report (pdf). The figure is equal to almost 1.55 times the Kingdom’s annual GDP, in line with regional economies but making it the largest project spender in the GCC in absolute terms, with project spending expected to continue driving GDP growth, according to the report which relied on Meed data.

The breakdown: Of Saudi Arabia's committed spending of USD 440 bn, the construction sector led with USD 116 bn, primarily for residential projects, followed by the power sector with USD 99 bn for new oil and gas plants. Government-funded initiatives dominated, making up 86% of the total value, with the majority directed toward non-gigaprojects. The private sector made its largest contribution to construction, funding over 30% of the sector's projects.

A long way to go: Gigaprojects have so far awarded a total of USD 80.5 bn in contracts, a fraction of their combined USD 670 bn budgets. Neom came on top with USD 38.9 bn committed out of USD 500 bn, followed by Diriyah (USD 16.9 bn out of USD 63.2 bn), the Red Sea Project (USD 11.5 bn out of USD 27.6 bn), Qiddiya (USD 8 bn out of USD 32.2 bn), and Roshn (USD 5.3 bn out of USD 46.9 bn).

In the pipeline: The USD 1.55 tn project pipeline is led by construction (USD 916 bn), followed by power (USD 194 bn), and transport (USD 180 bn). Gigaprojects account for around 47% of this pipeline, with Neom comprising over 77% of the gigaprojects' combined value.

BUT- There are signs of a slowdown: Contract awards came in at just USD 25.7 bn in 1H 2025, compared to USD 154 bn in 2024 as a whole. This comes amid a widescale recalibration of gigaprojects, including Neom, as the Kingdom begins to “take stock” of large-scale Vision 2030 spending amid low oil prices and global uncertainty, Finance Minister Mohammed Al Jadaan said in May.

Arab Energy Fund secures USD 600 mn in five-year bond issuance

The Arab Energy Fund (TAEF) raised USD 600 mn from a five-year bond issuance due February 2031, marking its fourth issuance this year, according to a statement. The offer was twice oversubscribed, signaling strong investor demand.

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The bond was priced at 75 basis points over the secured overnight financing rate, after tightening by 10 basis points during the bookbuilding process and some 20 basis points versus secondary trading levels. Participants included global and regional central banks, as well as sovereign wealth funds, supranational institutions, and agencies, according to the statement.

Fitting raises USD 500k in pre-seed funding round

Local construction supply chain startup Fitting raised USD 500k in a pre-seed funding round from an undisclosed strategic angel investor, it said on LinkedIn on Saturday. Fitting will allocate the fresh funds to expanding operations, building partnerships, and developing its platform in the Kingdom, Jawlah reported yesterday.

About Fitting: Founded in 2025 by Abdulaziz Al Mubayad (LinkedIn), Fitting’s platform connects wholesale suppliers of raw materials, like concrete foundations and building supplies, with retailers and real estate developers. It offers integrated customer support, instant supplier payments, flexible payment options for buyers, and order bundling.

Twareat taps Khalid Al Hamdan as CEO, Managing Director

Twareat Medical Care appointed Khalid Al Hamdan (LinkedIn) as CEO and managing director, replacing Mohamed Tarek El Sayed who steps down as acting CEO to resume his role as CFO, it said in a disclosure to Tadawul. Al Hamdan previously served as the company’s COO between June 2021 and January 2025. and was Managing Director at Urgent Care Pharmacy.

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

ALSO- Al Jouf Cement tapped Samir Mohammed Al Rehaili as CEO, it said in a disclosure to Tadawul yesterday. Al Rehaili, who has more than 20 years of experience in the industrial and commercial sectors, held senior roles at Al Watania for Industries, Canal Investment Company, Al Tawfiq Company for Plastic and Woven Sacks Industries, Al Tawfiq Group, Zamil Group Investment Company, and Recycling World Company.

Small-town businesses expand to major cities on Vision 2030 reg reforms

Mangoes, bakeries and other local brand expansions got ink from the international press, with the Financial Times putting out a piece on how small businesses are driving the Kingdom’s diversification push as they pursue national expansion.

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New expansion strategy? Unlike the traditional model of starting in Riyadh or Jeddah, brands like Dopeamine Bakery in Al Ahsa and Mango Jazan are expanding from smaller towns to bigger cities nationwide. This strategy helps keep costs down and refine operations before competing with established players in major cities.

Thank regulatory reforms: Today’s rules “protect everyone and give you confidence to expand,” Dopeamine’s co-founder Ayman Al Wayel told the FT. Commerce Minister Majid Al Qasabi noted in July that 90% of permits are now issued instantly, with business registrations rising from 1.3 mn to 1.7 mn over the past two years.

Ladun Investment SAR 446 mn villa project in Riyadh's Mashriqiya

REAL ESTATE-

Ladun Investment bags 400-villa project in Riyadh's Mashriqiya: Ladun Investment Company was awarded a SAR 446 mn contract to develop more than 400 residential villas in Riyadh's Mashriqiya project, it said in a disclosure to Tadawul yesterday. The project, to be executed in partnership with the National Housing Company, will span some 100.4k sqm. Further updates are pending the sub-development contract’s signing.

DEBT WATCH-

SHL Finance secures SAR 537 mn in renewed credit facilities: SHL Finance Company has renewed two Sharia-compliant credit facilities totaling SAR 537 mn with Bank Aljazira and Saudi National Bank (SNB), according to two separate Tadawul disclosures. The agreements include a five-year, SAR 275 mn facility with Bank Aljazira and a ten-year, SAR 262 mn facility with SNB. Both facilities, backed by promissory notes, will be used to fund the company's expansion strategy and provide new loans to its customers.

MENA closed 271 M&A transactions in 1H 2025

M&A momentum in MENA bucks global trend: The Middle East recorded 271 transactions in 1H 2025, up 19% y-o-y, even as global M&A volumes fell 9%, according to PwC’s latest TransAct Middle East report (pdf).

The region’s performance comes as sovereign capital, regulatory reforms, and diversification agendas give dealmakers room to maneuver, even as oil prices soften and financing costs rise. The IMF has forecast GDP growth of 2.6% for MENA this year, up from 1.8% a year earlier, even as lower oil prices and higher financing costs weigh on exporters. The dealflow reflects those pressures, with buyers gravitating toward mid-sized, policy-driven transactions in digital infrastructure, healthcare, and green industry. In the absence of a global rebound, the region is leaning on domestically anchored M&A to sustain momentum.

The UAE retained its regional lead with 95 transactions in 1H 2025, while Egypt nearly doubled its tally to 86, and Saudi Arabia closed 59 plays. Together, the three markets accounted for 89% of all regional activity in 1H. Cross-border flows increasingly remained within the region, with intra-MENA transactions climbing to 134, which PwC says is a sign of “growing integration and investor confidence across the region.”

Transaction values tell a more cautious story: Nearly all of disclosed M&A came in at under USD 100 mn, while no megadeals of over USD 5 bn were struck for the second year running and only six transactions cleared the USD 100 mn mark. Smaller, faster-to-close agreements have become the preferred play as buyers target assets that can be financed without stretching balance sheets, particularly in volatile rate and oil environments. PwC also says this reflects a deliberate tilt toward targeted acquisitions that add capabilities and align with state priorities, rather than scale-for-scale’s sake.

Large-cap activity was scarce but still notable: Maaden’s USD 964 mn purchase of a 20.6% stake in Aluminium Bahrain stood out in industrials, while Elm’s USD 907 mn takeover of Thiqah reinforced Saudi Arabia’s push in digital services. Egypt saw one of its biggest recent plays with Al Ezz Group’s USD 881 mn acquisition of Ezz Steel, and Saudi’s Smart Accommodation added scale through its USD 666 mn buyout of Al Nakhla Management.

Sovereign wealth funds + corporates remain a decisive force: Gulf funds have funneled more of their firepower back home, with ADQ allocating 85% of its capital domestically in the first half of the year. That capital is underwriting the energy transition, localizing supply chains, and building digital sovereignty. Corporates anchored most of the transaction volume, while private equity funds sustained their role in cross-border transactions.

Sector trends mirrored the broader economic shift, with financial services leading activity with about 70 transactions, compared to 44 in 1H 2024. Egypt’s Qardy became the first local fintech to close a SPAC merger, raising USD 23 mn. Technology and telecoms were dominated by infrastructure rather than consumer apps, with G42’s USD 2.2 bn acquisition of a 40% stake in Khazna Data Center Holdings marking the half’s biggest transaction.

The outlook: Dealmaking is expected to remain concentrated in digital infrastructure, healthcare, and green industry, with sovereign backing and regulatory clarity keeping pipelines steady. Mid-sized, state-aligned plays are set to dominate through year-end, leaving the Middle East as one of the few regions where M&A is still gathering pace.

MARKETS THIS MORNING-

Asia-Pacific markets are broadly in the green this morning, with Japan’s stock markets jumping on the back of the country’s Prime Minister Shigeru Ishiba resigning over the weekend after less than one year in office. The Nikkei is up 1.6%, while the Topix is up 1% to a record high. Elsewhere in the region, South Korea’s Kospi and Hong Kong’s Hang Seng Index are all trading up.

Across the pond, futures suggest that Wall Street will also open in the green later today, while investors will be keeping a close eye on inflation data coming out at the tail-end of the week.

TASI	10,594	-0.6 (YTD: -12.0%)
MSCI Tadawul 30	1,376	-0.5% (YTD: -8.9%)
NomuC	25,525	-0.1% (YTD: -18.9%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	5.0% repo	4.5% reverse repo
EGX30	34,455	-0.9% (YTD: +15.9%)
ADX	10,034	-0.2% (YTD: +6.5%)
DFM	5,989	+0.3% (YTD: +16.1%)
S&P 500	6,482	-0.3% (YTD: +10.2%)
FTSE 100	9,208	-0.1% (YTD: +12.7%)
Euro Stoxx 50	5,318	-0.5% (YTD: +8.6%)
Brent crude	USD 66.06	+0.9%
Natural gas (Nymex)	USD 3.11	+2.2%
Gold	USD 3,626	-0.7%
BTC	USD 111,039	+0.6% (YTD: +18.8%)
Sukuk/bond market index	916.58	+0.22% (YTD: +1.6%)
S&P MENA Bond & Sukuk	149.46	+0.5% (YTD: +6.8%)
VIX (Volatility Index)	15.18	-0.8% (YTD: -12.5%)

THE CLOSING BELL: TADAWUL-

The TASI closed 0.6% down yesterday on turnover of SAR 2.2 bn. The index dipped 12% YTD.

In the green: Thimar (+10.0%), Saudi Fisheries (+10.0%) and Ash-Sharqiyah Development (+7.4%).

In the red: Arriyadh Development (-5.7%), Al Sagr Ins. (-5.0%) and Obeikan Glass (-4.1%).

THE CLOSING BELL: NOMU-

The NomuC fell 0.1% yesterday on turnover of SAR 29.9 mn. The index retreated 18.9% YTD.

In the green: Future Care (+16.4%), Tibbiyah (+8.2%) and Paper Home (+7.3%).

In the red: Bena Steel Industries (-10.0%), Amwaj International (-9.7%) and Shmoh Almadi (-8.7%).

CORPORATE ACTIONS-

Thimar Development Holding Company received the Capital Market Authority approval to increase its capital by SAR 195 mn via rights issuance, having submitted an application for the move last month, the authority said in a statement.

Raoom Trading Company’s board greenlit the distribution of up to SAR 4.6 mn in interim dividends for 2Q 2025 at SAR 3.7 apiece, it said in a disclosure to Tadawul yesterday. The distribution date is slated for Thursday, 18 September.

KSrelief launches multi-sector aid plan for post-war Syria

KingSalman Humanitarian Aid and Relief Centre (KSrelief) launched a humanitarian aid package to support Syria’s reconstruction, aiming to address high-priority needs for its people, the relief center posted on X.

The details: The multi-sector aid package includes equipping 17 hospitals with life-saving devices and 454 dialysis machines, rehabilitating sewage systems, supplying 30 government bakeries and 13 mobile production lines, restoring 715 houses and adding 55 temporary units. The package will also use the Aman project to financially aid 1k orphans while providing 400 women vocational training and grants.

REMEMBER- During the Saudi-Syrian Investment Forum in Damascus in July, Saudi Arabia signed agreements worth SAR 24 mn, which are expected to create 50k jobs in sectors like real estate, infrastructure, financial, energy, telecommunications, technology, tourism, manufacturing, and trade, Syrian Media Minister Hamza Al Mustafa said.

CALENDAR

SEPTEMBER

7-9 September (Sunday-Tuesday): Saudi Woodshow, the Arena Riyadh Venue.

9-11 September (Tuesday-Wednesday):The Saudi Food and Drug Authority and the UN's Food and Agriculture Organization’s Hack4safeFood, Riyadh.

9-11 September (Tuesday-Thursday): Index Saudi Arabia, Riyadh Front Exhibition & Conference Center.

9-11 September (Tuesday-Thursday): International Beauty Expo 2025, Jeddah Superdome.

9-11 September (Tuesday-Thursday): Seredo Real Estate Development and Ownership Exhibition, Jeddah Superdome.

10 September (Wednesday): Deadline for businesses subject to withholding tax to file their August tax returns via Zatca’s website.

15 September (Monday): Deadline for businesses subject to excise tax file their July and August tax returns via Zatca’s website.

15-17 September (Monday-Wednesday): Smart Cities Saudi Expo 2025, Riyadh International Convention & Exhibition Center.

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

15-17 September (Monday-Wednesday): Global Infrastructure Forum, Riyadh International Convention and Exhibition Center.

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

23 September (Tuesday): Saudi National Day.

28-30 September (Sunday-Tuesday): Jeddah Construct, Jeddah Superdome.

29 September-1 October (Monday-Wednesday): Intersec Saudi Arabia, Riyadh International Convention and Exhibition Centre, Riyadh.

29-30 September (Monday-Tuesday): Cultural Investment Conference, King Fahd Cultural Center, Riyadh.

30 September (Tuesday): Deadline for businesses subject to VAT to file their August tax returns.

3Q 2025

The National Water Company is expected to award a construction contract for the Hail Region Water Networks project.

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.

1-3 October (Wednesday-Friday): FIBO Arabia 2025, Riyadh Front Exhibition & Conference Center.

5 October-8 January 2026: Title deed registration for 3.2k properties in Al Yasmin district, Hail.

6-8 October (Monday-Wednesday): Saudi Lifestyle Week, Riyadh International Convention & Exhibition Center.

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

12 October-15 January 2026: Title deed registration for 31.7k properties in 14 neighborhoods in the Eastern Province.

12 October-15 January 2026: Title deed regiswatch tration for about 157.3k properties in 78 neighborhoods across the Eastern Province.

15 October (Wednesday): Russian-Arab Summit.

16 October (Thursday): Aviation Impact Middle East, Hyatt Regency Riyadh Olaya .

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

21 October (Tuesday): The Visual Arts Commission will hold a public talk and a live performance in Paris through Asia NOW under its Art & Ideas program.

21-22 October (Tuesday-Wednesday): Saudi Festival of Creativity (Athar), JAX District, Riyadh.

21-23 October (Tuesday-Thurday): Global Internet of Things Congress 2025 (GIoTC 2025), the Arena Venue, Riyadh.

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

23-25 October (Thursday-Saturday): Zenos Wellness Summit, Bab Samhan Hotel, Riyadh.

24 October-1 November (Friday-Saturday): AlUla Wellness Festival.

26-27 October (Sunday-Monday): The Global Proptech Summit 2025, Mandarin Oriental Al Faisaliah, Riyadh.

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

27-30 October (Monday-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

2 November (Sunday): Naming ASICS Innovation Pitch competition’s six finalists.

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

5-9 November (Wednesday-Sunday): Jewellery Salon Expo, Riyadh.

7-8 November (Sunday-Monday): The Visual Arts Commission will conclude its Art & Ideas program with a two-day symposium in Riyadh.

8-9 November (Saturday-Sunday): Del Monte Superleague Supercup, Jeddah.

9 November (Sunday): The deadline for applications for the second batch of the Standard Incentives for the Industrial sector deadline.

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

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

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.

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.

7-9 December (Sunday-Tuesday): CoMotion Global 2025, 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.

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.

5-7 February (Thursday-Saturday): LIV Golf 2026 season opener, Riyadh Golf Club, Riyadh.

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

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.

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.
November: The Esports Nations 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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