We could see another record year of FDI as greenfield investments rise in 1H

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Al Nassr secures its spot in the Saudi Super Cup final

Good morning, wonderful people. It seems the news cycle took our rumblings yesterday about a slow day to heart, and decided to give us a rather busy Wednesday to compensate. Leading our newswell this morning is the latest greenfield FDI figures for Saudi Arabia, which show an increase in both the tally of projects and their cumulative value in 1H 2025. Meanwhile, banks’ net income registered double-digit growth in 2Q 2025, and the Al Sadawi solar project led by the UAE’s Masdar has reached financial close.

The two-day retail subscription window for Marketing Home Group’s Tadawul IPO wraps today, allowing individual investors to subscribe to a minimum of 10 shares and a maximum of 250k each until tomorrow. The final allocation of shares is slated for next Sunday, 24 August.

REFRESHER- The company is floating a 30% stake (4.8 mn shares) in a secondary sale. The IPO was priced at SAR 85 per share — the top of its marketed range — after the institutional offering was nearly 10x oversubscribed. The offering is set to generate SAR 408 mn in total proceeds, giving the company an implied market cap of SAR 1.36 bn at listing, according to our math.

WEATHER- Thunderstorm and rain alerts remain in place as heavy rain is expected over Jazan, Asir, Al Baha, and Makkah through next Monday, National Center for Meteorology said in a statement yesterday. Madinah, Najran, Riyadh and the Eastern Province are expected to receive light to moderate rainfall by mid-next week. Riyadh will see a high of 43°C and a low of 30°C today, and Jeddah’s mercury will go as high as 38°C and as low as 31°C. Makkah will see a 39°C high and 30°C low, while Madinah will see a 43°C high and 31°C low.

PSAs-

Birth and death certificates will now have QR codes and will be issued with the relevant data in English as well as Arabic, the ministry said in a statement. The QR code allows users to verify document information and print the certificates via the Absher platform.

WATCH THIS SPACE-

#1- Lenovo is setting up regional headquarters in Riyadh’s Al Majdoul Tower, deepening its footprint in Saudi Arabia as part of a broader tie-up with PIF-owned Alat, the Chinese PC maker said in a press release. Alat invested USD 2 bn in Lenovo in January and is also backing a 200k-sqm manufacturing hub in Riyadh’s Special Integrated Logistics Zone.

The Riyadh headquarters will anchor Lenovo’s regional push, encompassing retail initiatives, a customer center, R&D, marketing, and strategic collaborations. “Our initiatives in Saudi Arabia, including the RHQ, flagship retail space, and the Riyadh-based manufacturing facility are projected to contribute up to USD 10 bn to non-oil GDP by 2030,” Matt Dobrodziej, senior vice president and president of Lenovo EMEA, said.

Lenovo announced a series of senior leadership appointments in the Kingdom, naming Lawrence Yu (LinkedIn) as head of the new regional headquarters, Giovanni Di Filippo (LinkedIn) as vice president and general manager for Lenovo Saudi Arabia, and Zoran Radumilo as the company’s new CTO for Lenovo Saudi Arabia.

The story also got ink from Reuters.

#2- The National Water Company (NWC) issued an EPC tender for phase one of the Arafat main distribution water pipelines and operational storage project, covering the construction of 13 km distribution pipelines to serve Arafat areas 1, 6, and 7, Zawya reports, citing a source it said is in the know.

Meanwhile, NWC is expected to award the EPC contract for phase three of the Al Shabain area main water pipeline network project in 4Q 2025, Zawya reported separately. The project includes the supply, installation, and testing of ductile iron and carbon pipes — 855 meters in total. Bids for both projects are scheduled for 18 September, the sources said, adding that the completion date for Al Shabain is slated for 2Q 2027, while Arafat is expected in 3Q 2027.

In other infrastructure tender news: Saudi Water Partnership Company is expected to award the Arana Independent Sewage Treatment Plant project in Makkah by 4Q 2025, likely by November, Zawya reported separately, citing an unnamed source it said is familiar with the matter. The plant — to be developed under a public-private partnership — will have an initial capacity of 250k cubic meters per day, which can be doubled to 500k. It is scheduled for completion in 4Q 2028 under a 25-year build, own, operate, and transfer (BOOT) agreement.

DATA POINTS-

#1- Consumer spending via point-of-sale (PoS) transactions in the Kingdom fell 1.5% w-o-w in the week ending 16 August, reaching nearly SAR 13.5 bn, according to the Saudi Central Bank’s weekly report (pdf). The number of weekly transactions also declined 1.6% w-o-w to around 224.8 mn during the week.

The details: Food and beverages made up the bulk of consumers’ spending during the week in terms of value, despite dipping 2.5% w-o-w to just under SAR 1.9 bn. Restaurants and cafés came in second place, falling 3.6% w-o-w to just under SAR 1.7 bn, followed by professional and business services, which fell 3.9% to SAR 995.5 mn, while transportation rose only 0.2% to just above SAR 995.3 mn.

On the other hand, education transactions saw a 76.7% w-o-w jump to hit SAR 444.9 mn. The spike coincided with the start of the new academic year earlier this week, as some schools began opening their doors to students as early as this past Sunday.

Riyadh had the highest value of PoS transactions at about SAR 4.6 bn, followed by Jeddah at around SAR 1.8 bn.

#2- The Kingdom ranked third in Texas-based TRG Datacenters’ study on the World’s TopAI Superpowers in 2025, with a 7.2 mn H100-equivalent AI computer power, nine data center clusters, a total power capacity of 2.4k MW, and a 2.3% workforce AI engagement. The US topped the list with a 39.7 mn AI computer power, 187 data center clusters, and a total power capacity of 19.8k MW, followed by the UAE with a 23.1 mn AI computer power, eight data center clusters, and a total power capacity of 6.4k MW.

#3- The Absher platform processed 43.4 mn electronic transactions in July, serving more than 28 mn individuals and 1.8 mn businesses, the Interior Ministry said on X yesterday. Of the total, 40.7 mn transactions were carried out for individuals — including 33.4 mn via its digital wallet — while 2.8 mn transactions were carried out for businesses.

SPORTS-

Al Nassr marched into the Saudi Super Cup final with a 2-1 victory over Al Ittihad in Hong Kong yesterday, overcoming Sadio Mané’s first-half red card, Reuters reports. Mané had fired the opener with a crisp 10th-minute volley before Steven Bergwijn leveled, but the Senegalese star was dismissed in the 25th minute after a VAR review for a reckless challenge — continuing Al Nassr’s streak of red cards in three straight editions of the competition. Down to 10 men, new signing João Félix coolly slotted home from a Cristiano Ronaldo through ball in the 61st minute to seal the victory, with a second strike chalked off by VAR moments later.

Al Qadisiyah and Al Ahli will clash today at 3pm to book a date with Al Nassr in the Cup final next Saturday.

Juventus turned down a EUR 25 mn transfer offer from Al Ahli to sign midfielder Manuel Locatelli for the summer, sports journalist Fabrizio Romano said on X yesterday. Juventus rebuffed the offer, holding onto one of its key players. As Al Ahli is still in the hunt for a midfielder, it is reportedly in talks with Monaco’s star Denis Zakaria, Asharq Alawsat reports.

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THE BIG STORY ABROAD-

There’s a hodge podge of stories out there this morning, none of which are dominating headlines across the international business press. Among the stories of note:

The White House is “ironing out the details” of a potential acquisition of a 10% stake in chipmaker Intel, White House Press Secretary Karoline Leavitt confirmed yesterday, following reports of the potential agreement over the past few weeks. Leavitt’s confirmation also comes after SoftBank announced earlier this week that it’s acquiring a 2% stake in the chipmaker in an agreement worth USD 2 bn. The government appears to be looking to get the stake in Intel in exchange for grants the company received under the Biden administration, with Treasury Secretary Scott Bessent saying, “The stake would be a conversion of the grants and maybe increase the investment into Intel to help stabilize the company for chip production here.” (Reuters | Financial Times)

Air Canada is gradually resuming its flight operations after reaching an agreement with flight attendants over their pay, ending a four-day strike that caused the Canadian air carrier to cancel flights and retract its full-year earnings guidance. Air Canada reportedly agreed to compensate flight attendants for their work on the ground prior to the start of a flight — including boarding passengers — and will also enact immediate pay increases for flight attendants. (CBC | Reuters)

The US and NATO are working on putting together a package of security assurances for Kyiv after the end of Ukraine’s war with Russia, after Ukraine’s Volodymyr Zelensky met with US President Donald Trump in Washington earlier this week. The package could take shape as early as this week, ahead of a potential meeting between Zelensky and Russian President Vladimir Putin. (Reuters | Bloomberg)

CIRCLE YOUR CALENDAR-

Kids & Toys, Gifts & Homeware, and Stationery & Paper Expos will be held between 16-18 September at Riyadh Front Exhibition & Conference Center. The trio will be held under the same roof, are slated to feature over 150 exhibitors from 23 countries — including China, Turkey, and Hong Kong — and are expected to attract more than 5k visitors.

Saudi Arabia attracted USD 9.3 bn in greenfield FDI in 1H 2025

Saudi Arabia attracted USD 9.3 bn in greenfield FDI across 203 projects in 1H 2025, up 1.7% y-o-y in value and 30.1% in project count, according to an Emirates NBD report (pdf). The Kingdom attracted USD 22 bn in greenfield FDI last year, its third-highest level on record.

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Where the money went: Riyadh topped the list, drawing USD 2.3 bn across 100 projects, while Dammam secured USD 1.3 bn from 21 projects and Jeddah attracted USD 1.2 bn across 13 projects.

Who’s investing: The US was the top source of FDI, with USD 2.7 bn in investments across 61 projects accounting for 30% of all projects and 29% of total capital investment. Egypt came second (USD 1.8 bn, 11 projects), driven by major real estate developments. China contributed USD 858.3 mn through 11 projects, France invested USD 771.7 mn across 6 projects, and the UAE injected USD 205.3 mn across 25 projects.

Sector breakdown: Business services topped the project count with 55 projects, while software & IT ranked second with 35, followed by transportation and industrial equipment with 14 projects each, and financial services with 11 projects. In value terms, communications led with USD 1.9 bn (21% of inflows), driven by Equinix’s USD 1 bn cloud and data center in Riyadh. Real estate followed at USD 1.8 bn, with notable inflows also into electronic components (USD 879 mn), transportation & warehousing (USD 779 mn), and chemicals (USD 765 mn). Manufacturing was the most active sector in value terms, attracting USD 3.5 bn across 26 projects (38% of total inflows).

Big ticket investments: Equinix committed USD 1 bn to build a new cloud and data center in Riyadh, while an Egyptian consortium unveiled over USD 1.7 bn in mixed-use real estate projects across Riyadh and Jeddah. In the water sector, Spain’s Lantania and India’s L&T secured a USD 500 mn contract to develop the Ras Mohaisen desalination plant, according to a press release.

The big picture: The Kingdom is targeting USD 100 bn in annual FDI by 2030, compared to an annual average of USD 17 bn (2017–2022) and USD 19 bn in 2023.

Saudi banks' net income rises 18% y-o-y in 2Q to SAR 23 bn

Saudi Arabia’s banking sector saw an 18% y-o-y increase in net income in 2Q 2025, reaching SAR 23 bn and exceeding consensus estimates by 3%, a recent report (pdf) from Al Rajhi Capital showed. The strong performance was primarily led by key banks, notably Al Rajhi Bank and Saudi National Bank (SNB).

Outcomes exceed other forecasts: CI Capital expected in July that Saudi banks would see 14% y-o-y growth in aggregate net income in the second quarter this year.

Inside the quarterly data: Retail banks such as Al Rajhi Bank, SNB, and Bank Albilad posted earnings that beat estimates by 4%, while corporate banks like Bank Al Jazira and Banque Saudi Fransi (BSF) exceeded forecasts by 3%.

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Loan growth in the Kingdom’s banking sector rose 16% y-o-y during the quarter, outpacing the 6.9% y-o-y increase in deposits. This expansion propelled the loan-to-deposit ratio (LDR) to 106%, with Riyad Bank, Saudi Awwal Bank, Alinma Bank, and Al Rajhi at the forefront of the lending spike.

Also on a positive note, non-interest income jumped 26% y-o-y during the second quarter, mainly driven by higher fees, commissions, trading, and FX gains. However, net interest margins (NIMs) declined from the previous quarter, pressured by tighter liquidity conditions

and elevating competition in the corporate space.

Mixed outlook: Most banks — six out of nine that held earnings calls — have revised down their NIM outlook for 2025, citing “tighter liquidity conditions, lesser rate cuts than anticipated, and higher competition in the corporate lending space,” according to the report. On a positive note, most banks reiterated (except BSF) their loan growth forecasts and maintained their cost of risk guidance despite weaker oil prices. Other financial targets largely remained unchanged.

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

Jabal Omar refinances SAR 2 bn facility with Alrajhi Bank in bid to strengthen its debt portfolio

Tadawul-listed Jabal Omar Development Company secured SAR 2 bn in murabaha financing from Alrajhi Bank to refinance existing debt on better terms, it said in a disclosure to Tadawul.

The five-year facility can be extended for an additional three years and is backed by a mortgage of two assets at the Jabal Omar project, the statement read.

The transaction is part of the real estate player’s strategy to strengthen its debt portfolio, offering a more favorable repayment schedule, enhancing cashflow sustainability, and improving the company’s mortgage structure against loans, the statement read.

Aggressive deleveraging: The company significantly reduced its reliance on debt during the year that ended 30 June 2025, drawing down only SAR 46.3 mn, compared to SAR 849.6 mn in the prior year, according to its most recent financial statement (pdf). In addition, it increased repayments to SAR 1.3 bn during the same period, up from SAR 140 mn a year earlier. This deleveraging strategy also lowered finance costs, which declined to SAR 342.3 mn from SAR 427.3 mn, reflecting a stronger debt profile and improved balance sheet discipline.

ICYMI- The company fell into the red with SAR 42.1 mn in net loss in 2Q 2025, compared to SAR 33.3 mn in net income during the same quarter last year. On the other hand, it saw its net income rise 17x y-o-y in 1H 2025 to SAR 904 mn, while its revenues edged up 2.6% y-o-y to SAR 1.3 bn over the same period.

Masdar-led 2 GW Al Sadawi solar project reaches financial close

Masdar-led solar megaproject sees financial close: UAE’s renewables giant Masdar and its consortium partners China’s GD Power and Korea Electric Power Corporation reached financial close on the 2 GW Al Sadawi solar PV project in Saudi Arabia’s Eastern Province, according to a press release. The plant is expected to operate at full capacity in early 2027, with commercial operations targeted for later the same year.

The total project cost is estimated at around USD 1.1 bn, with financing facilities secured from eight regional and international lenders, including Standard Chartered Bank, Kexim, ADCB, BNP Paribas, ADIB, Bank of China, HSBC, and Societe Generale — covering a “substantial portion,” the statement said. No further details were provided on the exact funding amount.

BACKGROUND- The consortium lined up USD 225 mn in financing from the Export-Import Bank of Korea (Kexim) in June. This is the first Saudi solar energy project involving a South Korean developer and the largest overseas project ever undertaken by a South Korean firm.

The plant will be developed on a build, own, operate basis, under a 25-year power purchase agreement inked last year with the Saudi Power Procurement Company. Masdar awarded the EPC contract to Chinese power generation firm Shanghai Electric in April. GD Power Development will reportedly have a 40% stake in the project but the entire ownership structure was not disclosed.

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NEOM’s Trojena ski resort completion faces time pressure

Saudi Arabia is racing to finish Trojena ahead of the 2029 Asian Winter Games amid tough engineering challenges, tight deadlines, and growing financial pressures on its gigaprojects projects, Bloomberg reports, citing people it says are familiar with the matter. The project — which Meed estimates to be worth USD 19 bn — may face delays, with the mountain resort originally scheduled for completion in 2026.

Progress is being made: Satellite images show construction is underway on the project, including work on tunnels and ski slope testing, yet the project faces steep hurdles such as producing artificial snow, pumping water up the mountain to feed a planned 2.8 km artificial lake — costing around USD 5 bn — and building facilities at high altitude. “The development of Neom, including Trojena, is progressing according to a phased plan that emphasizes international standards, long-term sustainability and legacy outcomes,” Neom told the business information service in a statement.

Critically, there are no budget cuts being made: “At least one person familiar with the situation echoed [Neom’s] view and added that the development hadn’t seen significant budget cuts,” Bloomberg said. Neom’s overall costs have grown to USD 1.5 tn, while the Public Investment Fund (PIF) said in its annual report that its investments in giga projects dipped 6% in 2024. That writedown is evidence that the PIF has “strategic maturity” as it responds to market conditions, while investments in time-sensitive projects tied to international events will continue to be prioritized, The Closer host Bradly Hope told CNBC (watch, runtime: 5:06). Neom has awarded USD 20 mn in contracts YTD, down from a peak of USD 12.6 bn in 2023.

Background: Sindalah, the luxury island that launched with much fanfare in October, remains closed to the public after design flaws and delays. Satellite images show most facilities completed, but the golf course is deteriorating and some buildings are no longer present. Elsewhere, the Magna region has seen only early-stage infrastructure work this year, while The Line has been scaled back to just 2.4 km of its planned 170-km length, scheduled for completion by the early 2030s.

Handicrafts Law gets cabinet sign-off

Cabinet approved a handful of laws and agreements during its meeting in Neom yesterday, including the Handicrafts Law, according to the official gazette. No further details were provided on the law. The Council of Ministers also signed off on new rules for environmental coordination committees.

Agreements getting the green light:

An MoU with Azerbaijan to develop SMEs and entrepreneurship;
A customs assistance agreement with the Unites States;
An air transport services agreement with Grenada;
A cooperation MoU with the Maldives on document archiving.

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Jahez lands SAR 150 mn shariah-compliant loan

DEBT WATCH-

Jahez International Company for Information System Technology secured SAR 150 mn in shariah-compliant credit facilities from the National Bank of Bahrain, it said in a disclosure to Tadawul yesterday. The eight-year facilities, backed by a promissory note and the company’s headquarters, will be used to cover capital spending for the company’s head office.

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Multi Business Group renewed its SAR 10 mn shariah-compliant loan with Saudi National Bank, it said in a disclosure to Tadawul yesterday. The one-year facility, which is secured by a SAR 11 mn promissory note, will be used to issue letters of guarantee and advance payments for ongoing and upcoming projects.

Al Moammar Information Systems (MIS) renewed a SAR 450 mn shariah-compliant credit facility with Gulf International Bank - Saudi Arabia, it said in a filing to the bourse yesterday. The facility, valid until 27 April 2026, is secured by a promissory note and will be used to finance MIS’ upcoming projects and issuing letters of credit and guarantee.

EXPANSION-

South Korean chipmaker Rebellions set up a subsidiary in Riyadh to expand its operations into the Middle East, it said on LinkedIn yesterday. The move follows a USD 15 mn investment from Wa’ed Ventures in July 2024 and an MoU with Aramco to supply chips for its data centers, Al Arabiya reports. The company is also exploring partnerships with Saudi telecom operators and IT firms as demand for sovereign AI grows in the region.

LOGISTICS-

The Saudi Ports Authority (Mawani) added MSC’s North India to Middle East shipping service to King Abdulaziz Port in Dammam, linking it to five regional and global ports, it said on X yesterday. The new service — with a capacity of 4k TEUs — will connect Dammam to the ports of Nhava Sheva, Hazira, and Mundra in India, Sohar in Oman, and Abu Dhabi in the UAE.

MENA M&A activity picks up y-o-y in 1H despite 2Q slowdown -EY

M&A momentum carried through to 1H 2025 as the MENA region sealed 425 transactions worth USD 58.7 bn in the first half of the year, marking a 31% y-o-y jump in volume and a 19% y-o-y rise in value, according to EY’s latest MENA M&A Insights report.

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Activity cooled in 2Q on trade-policy uncertainty and regional tensions, but sentiment stayed upbeat as diversification drives and growth sectors kept transactions moving. This built on last year’s steady flow and early-2025 momentum, supported by regulatory reforms and a firmer macro backdrop.

The UAE led the charge in 1H, pulling in USD 25.4 bn across sectors including chemicals, technology, industrials, and real estate. Meanwhile, Saudi Arabia booked USD 2.5 bn in 1H transactions, with sovereign-backed players driving outbound activity.

Among the largest of transactions were Borealis and OMV’s USD 16.5 bn acquisition of a 64% stake in the UAE’s Borouge and Saudi Aramco’s USD 3.5 bn acquisition of South America’s Primax. The two plays were part of a broader push that saw MENA outbound activity rise 30% y-o-y to 126 transactions worth USD 24.4 bn. The UAE and KSA alone accounted for 87% of the region’s total outbound value in 1H 2025.

Cross-border activity hit a five-year high in 1H, making up 55% of the region’s total transaction volume and 78% of value. That is 233 M&As worth USD 45.9 bn. Chemicals and technology were the star sectors, contributing 67% of cross-border transactions value.

Inbound M&A into MENA rose 53% y-o-y to 107 transactions worth USD 21.5 bn, up from USD 6.4 bn last year, with the UAE capturing 50% of inbound volume and 98% of inbound value. Austria contributed 77% of inbound value into the region thanks to Borealis and OMV’s Borouge buyout.

On the domestic front, MENA logged 192 transactions in 1H, up 22% y-o-y in volume and 94% in value at USD 12.8 bn, representing 45% of total activity and 22% of overall value, led by diversified industrials and technology. The UAE’s G42 USD 2.2 bn purchase of 40% of Khazna Data Center was the region’s largest domestic acquisition.

Government-related entities and sovereign wealth funds played an important part, with players like ADIA, PIF, and Mubadala behind USD 21 bn in transaction value across 54 transactions, underscoring their role as long-term capital allocators.

Looking ahead, “stable oil prices, ongoing infrastructure development, and a strategic focus on technology, chemicals, and industrials are creating solid foundations for sustained activity,” EY MENA M&A and ECM head Anil Menon said in the report. Throughout 2025, EY expects “intensifying competition for high-quality assets, particularly those that align with national transformation agendas and offer strategic value beyond financial returns.”

MARKETS THIS MORNING-

Asian markets are mostly in the red in early trading this morning. The Kospi is leading losses, down almost 2.0% and Japan’s Nikkei is not far behind, looking at losses of 1.6%. The Hang Seng is also in the red, while the Shanghai Composite is up 0.1%.

TASI	10,882	0.0% (YTD: -9.6%)
MSCI Tadawul 30	1,407	-0.1% (YTD: -6.8%)
NomuC	26,770	+0.9% (YTD: -15.0%)
USD : SAR (SAMA)	USD 3.75 Sell	USD 3.75 Buy
Interest rates	5.0% repo	4.5% reverse repo
EGX30	3,633	+0.1% (YTD: +17.7%)
ADX	10,210	0.0% (YTD: +8.4%)
DFM	6,151	+0.4% (YTD: +19.2%)
S&P 500	6,411	-0.6% (YTD: +9.0%)
FTSE 100	9,189	+0.3% (YTD: +12.4%)
Euro Stoxx 50	5,483	+0.9% (YTD: +12.0%)
Brent crude	USD 65.79	-1.2%
Natural gas (Nymex)	USD 2.76	-0.2%
Gold	USD 3,358	0.0%
BTC	USD 113,1530	-2.9% (YTD: +21.0%)
Sukuk/bond market index	910.59	+0.1% (YTD: +0.9%)
S&P MENA Bond & Sukuk	148.11	-0.1% (YTD: +5.8%)
VIX (Volatility Index)	15.57	+3.9% (YTD: -10.3%)

THE CLOSING BELL: TADAWUL-

The TASI closed flat yesterday on turnover of SAR 4.0 bn. The index is down 9.6% YTD.

In the green: Alistithmar Reit (+8.6%), Tamkeen (+5.7%) and Lumi (+2.8%).

In the red: Cenomi Retail (-5.2%), Red Sea (-4.6%) and Lazurde (-2.4%).

THE CLOSING BELL: NOMU-

The NomuC rose 0.9% yesterday on turnover of SAR 44.7 mn. The index is down 15.0% YTD.

In the green: Future Care (+17.3%), Tharwah (+15.0%) and Enma Alrawabi (+11.6%).

In the red: Service Equipment (-9.6%), Shalfa (-6.4%) and Purity (-5.5%).

CORPORATE ACTIONS-

Saudi Manpower Solutions Company’s (Smasco) board greenlit the distribution of SAR 48 mn in dividends for 1H 2025 at SAR 0.12 apiece, starting 7 September, it said in a Tadawul disclosure yesterday.

Saudi Cable Company submitted an application to the Capital Market Authority to boost its capital by SAR 400 mn to SAR 466.7 mn via a rights issue, it said in a Tadawul disclosure yesterday.

East Pipes’ general assembly greenlit the board’s recommendation to transfer SAR 71.7 mn from the statutory reserve to retained earnings, it said in a filing to the bourse (pdf) yesterday.

Al Moammar Information Systems’ board approved a SAR 24 mn dividend payout for 1Q 2025 at SAR 0.8 apiece, it said in a filing to the bourse yesterday. The distribution date is set for 7 September.

CALENDAR

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

18-20 August (Monday-Wednesday): The Hotel Supply and Hospitality Expo, Jeddah Exhibition Center.

19-20 August (Tuesday-Wednesday): Marketing Home Group IPO retail subscription period for investors to request 10k-250k shares each.

24 August (Sunday): Final allocations are due for Marketing Home Group IPO.

24 August-27 November: Title deed registration for 8.7k properties in Jeddah’s Al Sheraa and Al Amwaj neighborhoods.

3Q 2025

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

SEPTEMBER

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

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.

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.

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.

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

15 October (Wednesday): Russian-Arab Summit.

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

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.

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.

27-30 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.

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

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