Petro Rabigh to restructure capital with SAR 5.3 bn injection from Aramco, Sumitomo

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Bangladesh eyes Aramco LNG pact

Good morning, wonderful people. We kick off the new month with another light issue, led by Petro Rabigh’s capital restructuring efforts that will see the struggling company get a fresh injection from Aramco and Sumitomo. Meanwhile, we unpack Sama’s latest monthly bulletin for the month of July. Let’s dive in.

HAPPENING TODAY-

The Saudi Drone Exhibition kicks off today at the Riyadh Front Exhibition and Conference Center. The three-day event will bring together more than 150 exhibitors, 50 speakers, and 10k visitors from over 20 countries to highlight drone applications in logistics, agriculture, smart cities, surveillance, and emergency response. It will also feature discussions on regulatory updates, public-private partnerships, and mega projects shaping the sector.

WEATHER- Thunderstorms and heavy rain are expected today in Asir, Al Baha, and Makkah, with lighter showers in Najran, Jazan, Madinah, Hail, and Eastern Province. Riyadh can expect a high of 42°C and a low of 31°C, while Jeddah will see temperatures peak at 38°C and drop to 30°C. Makkah‘s forecast is a high of 41°C and a low of 30°C.

PSAs-

The Kingdom issued an updated list of food law violations (pdf) to enhance public health and improve compliance in the food sector, the Municipal and Rural Affairs Ministry said on X on Saturday. The revised system — drafted in partnership with the Saudi Food and Drug Authority — applies graded enforcement, issuing warnings for minor breaches and penalties for serious ones. It also covers a wider range of activities, including hygiene standards, allergen labeling, record-keeping, and delivery practices.

WATCH THIS SPACE-

#1- Bangladesh eyes Aramco LNG pact: Bangladesh’s interim government is preparing to sign an MoU with Saudi Aramco covering liquified natural gas (LNG) supply, Petrobangla’s Chairman Rezanur Rahman told S&P Global Commodities Insights ’ Platts on Thursday. A draft has already been drawn up and is currently under review, Rahman said.

Aramco has expressed interest in both short- and long-term LNG agreements. Aramco Trading has already delivered spot LNG cargos to Bangladesh via competitive bidding and is now looking at a short-term sales and purchase agreement, Rahman said. He added that the proposed pact would give Aramco a formal foothold in Bangladesh’s LNG supply chain beyond ad hoc spot trades. Aramco was among many companies that received approval from Bangladesh to supply spot LNG in December 2024.

#2- Tadawul’s main market is on track to record 14 IPOs this year, with an additional two to three SNB Capital-led offerings awaiting regulatory approvals, managing director and head of Investment banking at SNB Capital, Zaid Ghoul told Al Arabiya yesterday (watch, runtime:10:36).

Investors have pivoted to assessing long-term value rather than rapid first-day trading gains, a trend influencing issuers to adopt conservative pricing strategies, Ghoul noted. Despite high interest rates, issuances attract long-term investors like institutions, as they look for the company’s value instead of its short-term market price, Ghoul added.

DATA POINTS-

#1- King Khalid and King Abdulaziz top airports’ performance in July — both leading large international airports serving over 15 mn passengers annually with an 82% compliance rate in July 2025, the General Authority of Civil Aviation (Gaca) said on X.

Among airports handling 5-15 mn passengers a year, Prince Mohammad bin Abdulaziz International Airport achieved a 91% compliance rate, while King Fahd International Airport posted an 82% rate. All international and domestic airports with fewer than 5 mn passengers met 100% of Gaca’s standards, except Al Jouf International Airport, which scored 91%.

#2- Umrah performers and visitors to the Holy Mosques surpassed 52.8 mn during Safar (27 July-24 August), state news agency SPA reported on Saturday, citing data from the General Authority for the Affairs of the Two Holy Mosques. Some 21.4 mn people visited the Grand Mosque and 20.6 mn visited the Prophet’s Mosque during the period.

#3- The Industry and Mineral Resources Ministry issued 68 new mining licenses in July, including 44 for exploration, 11 for building materials quarries, seven for reconnaissance, five for exploitation, and one for surplus mineral ore, the ministry said on X yesterday. The total number of active mining licenses in the Kingdom stood slightly below 2.5k by the end of the month.

SPORTS-

The Saudi Pro League’s 2025-2026 season kicked off with nine matches in the opening round, with plenty of goals on display:

Al Nassr thrashed Al Taawoun 5-0, putting them top of the table on goal difference;
Al Ittihad also impressed, beating Al Okhdood 5-2;
Al Khaleej stunned Al Shabab with a 4-1 W;
Al Hilal got past Al Riyadh 2-0;
Al Ahli edged Neom 1-0;
Al Ettifaq claimed 2-1 victory over Al Kholood;
Al Fayha beat Al Fateh 2-1;
Al Qadsiah downed Al Najma 3-1;
Damac and Al Hazem had to settle for a 1-1 draw.

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THE BIG STORY ABROAD-

Trade news is dominating the global front pages this morning after India and China agreed to stabilize relations previously disrupted by tensions over their Himalayan border. Chinese President Xi Jinping and Indian Prime Minister Narendra Modi agreed that their nations are “partners not rivals” and to strengthen trade ties amid US tariff pressures on India and shifting global economic conditions. (Reuters | FT | AP | NYT | Bloomberg | CNN)

What do improved relations between the two countries mean? The two sides agreed to resume direct flights between the two countries, which have been suspended since 2020, and ease tourist visa restrictions. China had previously agreed to lift export restrictions on rare earths, fertilizers, and tunnel-boring machines.

MEANWHILE- Stocks are bracing for the September blues after posting strong gains in August. While September is usually the worst-performing month for stocks, with the S&P 500, Dow Jones, and tech-heavy Nasdaq incurring their worst losses during the month, some market experts are optimistic about what’s to come. UBS Global Wealth Management’s Mark Haefele expects “an economic soft landing, solid corporate earnings, and lower interest rates to support markets over the next 12 months.” CNBC has the story.

IN OUR NECK OF THE WOODS- Israel said it killed Hamas spokesman Abu Obeida on Saturday. Israeli Defense Minister Israel Katz said in a post on X that forces have “eliminated” the masked spokesman. Hamas is yet to confirm or deny the news. (Bloomberg | Washington Post | NYT | Wall Street Journal)

Also making headlines: Over 1 mn people were evacuated in Pakistan’s Punjab province due to severe flooding submerging more than 1.4k villages and damaging key grain crops, Reuters reports.

Petro Rabigh to restructure capital with SAR 5.3 bn injection from Aramco, Sumitomo followed by loss-offsetting cut

Rabigh Refining and Petrochemical Company is pushing ahead with a two-step restructuring, that will see it first raise fresh money from founding shareholders Aramco and Sumitomo, before trimming its capital to wipe out accumulated losses, according to two separate disclosures to Tadawul.

The details: The board recommended increasing capital from SAR 16.71 bn to SAR 21.97 bn by issuing 526.4 mn new Class B ordinary shares at SAR 10 each, a 31.5% increase. Once the increase is complete, the company will reduce its capital from SAR 21.97 bn to SAR 16.71 bn by lowering the nominal value of Class A shares from SAR 10 to SAR 6.85. The cut represents a 23.95% reduction from the enlarged capital or 31.5% when measured against current Class A equity.

Why it matters: The cut won’t affect operations or liabilities, but will write off SAR 5.26 bn in accumulated losses. This accounting move clears Petro Rabigh’s balance sheet of past losses, giving it more flexibility to eventually return dividends and pursue growth initiatives.

IN CONTEXT- The company’s net losses narrowed to SAR 2.06 bn in the first half of the year, compared to SAR 2.47 bn in 1H 2024, while revenues dropped 13.6% y-o-y to SAR 15.5 bn. The company’s accumulated losses hit SAR 7.34 bn by the end of 1H, equivalent to 43.9% of its share capital.

To-do list: A subscription agreement signed on 30 August between Petro Rabigh, Aramco, and Sumitomo outlines the conditions, which include shareholder approval at an EGM, regulatory clearances, lender consent, and completion of Aramco’s previously announced acquisition of Sumitomo’s stake.

What’s next: The decrease will take effect at the end of the second trading day after shareholder approval at a general meeting, which the company expects to complete before year-end.

ADVISORS- Riyad Capital is advising on the transaction, while Zeyad Sameer Khoshaim Company (K&A) is the legal advisor.

Net foreign assets tick down to SAR 1.4 tn surplus in July

Net foreign assets in the Kingdom’s banking sector inched down in July, reaching a surplus of SAR 1.4 tn by the end of the month, compared to SAR 1.5 tn in June, according to the Saudi Central Bank’s (Sama) latest monthly statistical bulletin (pdf).

Data breakdown: Sama’s net foreign assets ended July with a surplus of SAR 1.6 tn, the lowest level in four months and a notable decrease from June’s SAR 1.62 tn. Meanwhile, commercial banks saw their deficit widen to SAR 144.6 bn by the end of the month, a significant increase from the SAR 123 bn deficit reported a month earlier.

The total assets of commercial banks ticked up to SAR 4.8 tn by the end of July, compared to SAR 4.81 tn in the previous month, representing a 14.1% y-o-y rise. Bank credit across all segments increased 15.2% y-o-y to SAR 3.2 tn by the end of the month.

Personal loans continued to dominate credit, coming in at more than SAR 1.4 tn, followed by corporate credit to real estate activities with SAR 377.6 bn, wholesale and retail trade at SAR 212.9 bn, and electricity, gas, and water supplies at around SAR 204.2 bn.

MEANWHILE- Residential mortgages financed by banks went down 9.2% y-o-y to SAR 6.4 bn during the same period, with a total of 8.5k contracts.

Settled letters of credit financing private sector imports decreased 1.9% y-o-y to SAR 15.8 bn by the end of July. Around SAR 3.7 bn went to vehicles, while SAR 3 bn was allocated to building materials, SAR 839 mn for food items, SAR 698 mn for machinery, and SAR 447 mn for appliances.

New letters of credit — an indicator for future imports — also declined 13.6% y-o-y to SAR 12.9 bn by the end of the month. This included around SAR 2.4 bn for motor vehicles, SAR 1.6 bn for building materials, SAR 562 mn for food items, SAR 698 mn for machinery, and SAR 519 mn for appliances.

ALSO- Broad money supply (M3) increased 8.36% y-o-y to SAR 3.1 tn by the end of July. Demand deposits (46.5%) topped the list of currency supply components, followed by time and savings deposits (36.2%), other quasicash deposits (9.5%), and banknotes in circulation outside banks (7.8%). Meanwhile, total liabilities reached nearly SAR 5.4 tn, recording a 6.7% y-o-y increase.

SOUNDSMART- M3 is the broadest measure of money supply in a given economy. It includes banknotes, current accounts, and other money that can be quickly mobilized (what econ-nerds call M2) as well as large time deposits, institutional money market funds, short-term repurchase agreements, and larger liquid funds.

Gov’t bonds dip in July after steady gains: Government bonds slipped 0.75% m-o-m to SAR 631.5 bn by the end of the month, snapping 12 months of consecutive growth, but still up 12.5% y-o-y. Meanwhile, bank credit to public institutions increased 35.64% y-o-y to SAR 228.9 bn.

New real estate expropriation and temporary seizure law streamlines procedures

The State Properties General Authority published an overview (pdf) of the new law governing real estate expropriation for public interest and temporary seizure last week, after securing cabinet approval on Tuesday. The law, which takes effect 120 days after appearing in the official gazette, aims to accelerate urban development, expand infrastructure, and stimulate economic growth while ensuring fair compensation for affected property owners.

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Compensation will be based on the property’s market value plus an additional 20% premium to offset losses. The law also permits in-kind compensation, such as granting alternative land or property with a market value 20-40% higher than the original property, and grants tax exemptions on replaced properties for up to five years.

In cases of temporary seizure — where authorities make use of property without transferring ownership — owners will receive rent equivalent to market rates with an added 20% premium, along with reimbursement for any related damages. Tenants and other rights holders may also claim compensation, with temporary seizures limited to three years and extendable once for a similar period with the owner’s consent.

To protect property rights, expropriation is only permitted if:

No suitable state-owned land is available;
The project clearly serves public interest;
The project owner demonstrates financial capacity to pay fair compensation.

The law specifies qualifying projects for the public interest, including public transport and road infrastructure, urban development and public services, projects related to the Holy Mosques and pilgrimage routes, power, water and communication infrastructure, mining-related activities, environmental and heritage preservation projects, and security or military installations.

Property valuations will be conducted by three independent certified appraisers working separately, with findings reviewed by a dedicated committee to ensure accuracy, transparency, and consistency. Owners may request reassessment if compensation is delayed beyond three years.

Procedures and timeline: Once a project owner submits a request to the State Properties General Authority, the Expropriation and Temporary Seizure Committee must approve or reject it within 60 days. After a decision is published in the official gazette, the project owner has 60 days to complete a full property inventory. Three certified appraisers assess compensation and prepare an inventory report, which is then reviewed by the authority within 90 days. Compensation payment, property evacuation, and title deed transfer must follow within 90 days after finalizing all payment documents.

REMEMBER- The government has rolled out sweeping reforms to stimulate the real estate market — opening property ownership to non-Saudis, permitting foreign investment in Makkah and Madinah real estate firms, lifting development curbs on 81 sq km of land in northern Riyadh, and amending the White Land Tax law. It also plans to release 10k-40k affordable residential plots annually.

Sumou Global Investment raises SAR 500 mn in its first debt market play amid strong demand for real estate sukuk

Sumou Global Investment raised SAR 500 mn in SAR-denominated sukuk offered via private placement as the company tapped the debt market for the first time, the issuance’s sole arranger and bookrunner Riyad Capital said in a press release yesterday. The offering — which marks the first sukuk issuance of its kind in the Kingdom’s real estate sector — was upsized from SAR 300 mn after attracting almost twice the intended subscriptions from institutional and retail investors.

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More details: The three-year senior secured sukuk issuance pays an 8.5% coupon quarterly. Proceeds will be allocated to support the company’s long-term funding diversification and growth plans.

ICYMI- Sumou Global Investment, Sumou Real Estate Company, and Al Jazira Capital signed a contract earlier this year to establish a real estate investment fund to acquire and develop lands in the Kingdom, with a project pipeline valued at upwards of SAR 2 bn.

Tibbiyah narrows losses in 1H 2025

Arabian International Healthcare Holding (Tibbiyah) narrowed its net loss by 23.6% y-o-y in 1H 2025 to SAR 24.3 mn, thanks to higher gross income and lower impairment provisions on trade receivables, it said in an earnings release (pdf) yesterday.

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Revenue rose 27.3% y-o-y over the same period to SAR 348.9 mn. This was driven by solid performance across the firm’s subsidiaries, with a 46.2% increase in revenue from Al Faisaliah Medical Systems, raking in SAR 150.6 mn, along with 130.6 mn from International Healthcare Supplies (Premma) and SAR 34.3 mn from Al Hammad Medical Services.

Najran wraps up SAR 110 mn in road upgrades to boost safety and connectivity

INFRASTRUCTURE-

Najran region completed three road projects valued at SAR 110 mn with a total length of 159 km, covering road maintenance, repairing flood and rockfall damage, along with installing fences for safety purposes, state news agency SPA reported yesterday.

ICYMI- Najran recently launched ten developmental projects worth SAR 325 mn by the National Water Company (NHC), and another 19 projects valued at SAR 825 mn focusing on critical infrastructure.

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DEBT WATCH-

National Environmental Recycling (Tadweer) signed a SAR 90 mn loan agreement with the Saudi Industrial Development Fund (SIDF), it said in a disclosure to Tadawul yesterday. Tadweer had lined up a SAR 170 mn shariah-compliant loan package with Saudi Awwal Bank in February, which included SAR 90 mn in bridge financing for the SIDF loan. The 36-month funding package — with a 15-month grace period and promissory note security — also included a SAR 45 mn loan protection for the SIDF facility and SAR 35 mn to fund working capital needs.

Domestic money powers China rally as overseas investors hold back

One of the many emerging markets benefiting from a global rally this year is China, which is outpacing European, US, and Japanese peers in local currency terms, the Financial Times reports. The CSI 300 benchmark has climbed 14.3% YTD after a sharp rebound since June, though doubts persist over the rally’s staying power.

Local investors are driving the surge, as they push into equities amid falling bond yields, lower deposit rates, and the collapse of property as a preferred asset class. Margin trading has jumped 19% in two months to RMB 2.2 tn (c. USD 308 bn) — the highest since 2015, though analysts say leverage is more contained than during the bubble that ended in a crash a decade ago.

Policy has laid the groundwork: State-backed funds staged coordinated share purchases earlier this year to stabilize valuations, and more market support followed after Beijing ordered insurers to boost equity exposure. Analysts say this liquidity backdrop is the key driver of the rally, even as deflation weighs on earnings, with producer prices falling 3.6% y-o-y in July.

But foreign investors remain on the sidelines, with Ping An Asset Management’s Vincent Che saying there has been no significant impact from foreign flows. These investors have favored Japan and Europe where FX-adjusted gains have been stronger. “I would much rather be focused on an earnings-driven market,” Lombard Odier’s Asia CIO John Woods said.

Derivatives markets also signal caution: The Hang Seng China Enterprises Index, which tracks mainland firms listed in Hong Kong, has rebounded 23% from its April low, Bloomberg reports. Yet implied volatility on ETFs tied to the gauge has dropped to a four-year low, showing little appetite to chase the rally.

Options pricing underlines the divide: Upside calls remain expensive, while downside hedges on the FTSE China A50 are “rarely” this cheap, according to Bank of America. Traders are also positioning for the expiry of the 90-day US-China trade truce, shifting to call spreads rather than taking an outright bullish approach.

MARKETS THIS MORNING-

Asian markets are mixed this morning, led by losses in Japan as the Nikkei fell 1.8%. On the flip side, Hong Kong’s Hang Seng Index is up 1.9%, while mainland China’s CSI 300 is flat, following a Shanghai Cooperation Organization regional security bloc meeting that saw China and India agree to become development partners.

TASI	10,697	-0.3% (YTD: -11.1%)
MSCI Tadawul 30	1,382	-0.2% (YTD: -8.4%)
NomuC	25,943	-1.4% (YTD: -17.6%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	5.0% repo	4.5% reverse repo
EGX30	35,148	-1.6% (YTD: +18.2%)
ADX	10,095	-0.2% (YTD: +7.2%)
DFM	6,064	-0.3% (YTD: +17.5%)
S&P 500	6,460	-0.6%% (YTD: +9.8%)
FTSE 100	9,187	-0.3% (YTD: -12.4%)
Euro Stoxx 50	5,352	-0.8% (YTD: +9.3%)
Brent crude	USD 67.48	-0.7%
Natural gas (Nymex)	USD 3.00	+1.8%
Gold	USD 3,516	+1.2%
BTC	USD 108,087	-1.2% (YTD: +15.7%)
Sukuk/bond market index	917.0	+0.6% (YTD: +1.7%)
S&P MENA Bond & Sukuk	148.41	-0.2% (YTD: +6.1%)
VIX (Volatility Index)	15.36	+6.4% (YTD: -11.5%)

THE CLOSING BELL: TADAWUL-

The TASI fell 0.3% yesterday on turnover of SAR 3.2 bn. The index is down 11.1% YTD.

In the green: DWF (+6.5%), ANB (+3.0%) and BSF (+3.0%).

In the red: Sabic Agri-Nutrients (-5.4%), Petro Rabigh (-5.1%) and Bawan (-4.5%).

THE CLOSING BELL: NOMU-

The NomuC fell 1.4% yesterday on turnover of SAR 39.3 mn. The index is down 17.6% YTD.

In the green: Adeer (+17.7%), Pro Medex (+16.1%) and Shalfa (+10.0%).

In the red: Naf (-24.7%), Al Ashgal Al Moysra (-18.0%) and Tibbiyah (-15.9%).

CORPORATE ACTIONS-

Al Ashghal Al Moysra Company’s board recommended doubling the firm’s capital to SAR 48 mn, it said in a disclosure to Tadawul (pdf) yesterday. The move would raise the number of shares to 4.8 mn from 2.4 mn by issuing one bonus share for each share held. The move is pending regulatory and shareholders’ approval.

The Arab National Bank repurchased 10 mn of its shares for over SAR 218 mn at SAR 21.8 apiece, earmarking them for its employee share program, it said in disclosure to Tadawul yesterday.

CALENDAR

SEPTEMBER

1-3 September (Monday-Wednesday): Saudi Drone Exhibition, Riyadh Front Exhibition & Conference Center.

3 September (Wednesday): Last day of the retail subscription period for Rawabi Marketing International’s IPO.

3-4 September (Wednesday-Thursday): Sustainable Maritime Industry Conference (SMIC), Ritz-Cartlon, Jeddah.

3-4 September (Wednesday-Thursday): The first International Forum for Talent in Higher Education, Jeddah University’s Conference Center.

5 September (Friday): The Visual Arts Commission will hold two public dialogues in Seoul during Frieze Seoul Week under its Art & Ideas program.

7 September (Sunday): Final allocations are due for Rawabi Marketing International IPO.

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): International Beauty Expo 2025, Jeddah Superdome.

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

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.

16-18 September (Tuesday-Thursday): Kids & Toys Expo, Riyadh Front Exhibition & Conference Center.

16-18 September (Tuesday-Thursday): Gifts & Homeware Expo, Riyadh Front Exhibition & Conference Center.

16-18 September (Tuesday-Thursday): Stationery & Paper Expo, Riyadh Front Exhibition & Conference Center.

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

23 September (Tuesday): Saudi National Day.

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

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.

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.

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.

21-23 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.

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.

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 November: 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

1-4 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.

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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