Riyadh Governor Prince Turki bin Abdullah bin Abdul Aziz, accompanied by Water and Electricity Minister Abdullah Al-Hussayen, opened the 10th Saudi Water and Power Forum (SWPF 2015) here on Monday night.
The forum is being organized by the CWC Group, a technology oriented, engineering, operation and maintenance company, in partnership with Moya Bushnak and Acwa power.
The minister was joined in the inaugural ceremony by Adil Bushnak, chairman of Moya Bushnak and director and past president, IDA, and Jean-Lou Chameau, president of the King Abdullah University of Science and Technology (KAUST), for opening keynote addresses.
The opening session included an awards ceremony. This ceremony brings together the Saudi water and power industry to celebrate excellence and outstanding achievements.
The award ceremony was followed by an exhibition to showcase 10 years journey of the forum and achievements and vision for sustainable development.
The theme for this year’s three-day annual forum and exhibition is, “Achieving sustainable development through innovation.”
The forum, attracting the water and power stakeholders from various countries, assumes greater significance this year due to its 10th year anniversary edition in Riyadh.
The technical session of the forum will begin on Tuesday with brainstorming meetings focusing on “Ten-year anniversary: success, priorities and 10 years strategies for water and power sectors in the Kingdom.”
Key speakers include Saleh Alawaji, deputy minister for electricity and chairman of the board of directors, Saudi Electricity company, Abdullah Al-Shehri, governor, electricity and co-generation Regulatory Authority (ECRA), Abdulrahman Al-Ibrahim governor, Saline Water Conversion Corporation (SWCC), Loya bin Ahmad Al-Musallam,CEO of the National Water Company (NWC) and Maher Al-Odan, head of research, development and innovation, King Abdullah City for Atomic and Renewable Energy (K.A.CARE).
Key government stakeholders will take part in technical sessions.
Among key speakers presenting the private perspective at these sessions include David Hobbs, research head at King Abdullah petroleum studies and research center and Mohammed Mohaisen, CEO of GE power generation products and services for MENA region.
Moreover, there will be a session on renewable energy with brainstorming on advances in renewable desalination, strategies to create green utilities by adding more value and showcasing the route to boost generating capacity, saving energy and maximizing efficiency to capture full energy value.
Besides technical sessions, the key attraction will be networking functions and an expanded exhibition space. The US, China, Germany, Japan and the UK have set up international pavilions.
Notably, it is the premier water and power forum in the Kingdom, which plays key role in establishing connections between various stakeholders and partners with substantial agenda for sustainable growth.
Significantly, water scarcity is a stark reality as freshwater makes up a very small fraction of the available water in the Kingdom and the sustainable availability of potable water is a major concern in the region mostly surrounded by sea full of saline water.
The government is working at various levels with ambitious plans to upgrade, expand and transform the power and water sector. It supports the development of desalination technologies for water.
Saudi Water & Power Forum focuses on industry challenges
Saudi Water & Power Forum focuses on industry challenges
Closing Bell: Saudi main index slips to close at 11,228
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, lost 23.17 points, or 0.21 percent, to close at 11,228.64.
The total trading turnover of the benchmark index was SR2.99 billion ($797 million), as 170 of the stocks advanced and 82 retreated.
On the other hand, the Kingdom’s parallel market Nomu gained 449.38 points, or 1.90 percent, to close at 24,093.12. This comes as 43 of the stocks advanced while 27 retreated.
The MSCI Tadawul Index lost 6.07 points, or 0.40 percent, to close at 1,511.36.
The best-performing stock of the day was Obeikan Glass Co., whose share price surged 7.54 percent to SR27.66.
Other top performers included Alamar Foods Co., whose share price rose 6.80 percent to SR47.10, as well as Saudi Kayan Petrochemical Co., whose share price climbed 6.79 percent to SR5.66.
Saudi Investment Bank recorded the steepest drop, falling 3.21 percent to SR13.56.
Jahez International Co. for Information System Technology also saw its share price fall 3.15 percent to SR13.55.
Rabigh Refining and Petrochemical Co. declined 2.78 percent to SR7.34.
On the announcements front, Tanmiah Food Co. reported its annual financial results for the period ending Dec. 31. According to a Tadawul statement, the company recorded a net loss of SR18.8 million, compared with a net profit of SR95.8 million a year earlier.
The net loss was mainly due to ongoing market challenges that resulted in continued pricing pressures in fresh poultry, inflationary cost pressures, higher financing expenses, and depreciation and ramp-up costs from new facilities, partially offset by increased production volumes and cost-optimization initiatives.
Tanmiah Food Co. ended the session at SR58.20, up 3.72 percent.
United International Holding Co., also known as Tas’heel, announced its annual financial results for the period ending Dec. 31. A bourse filing showed the company recorded a net profit of SR273.64 million in 2025, up 23.05 percent from 2024, primarily driven by a 23.4 percent rise in revenues. The revenue growth helped lift gross profit by 23.7 percent.
Tas’heel ended the session at SR146.80, down 0.28 percent.
