Olympic legend Usain Bolt tells FII delegates to “never lose your dream”

Usain Bolt. (FII)
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Updated 28 January 2021
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Olympic legend Usain Bolt tells FII delegates to “never lose your dream”

RIYADH: Unfazed by the impact of the coronavirus disease (COVID-19) pandemic, Olympic legend Usain Bolt delivered a powerful message to delegates at the fourth edition of the Future Investment Initiative (FII) forum: “Never lose your dream.”

On a panel discussion titled “Playing to Win: How will global investment drive the future of the sports industry?” the eight-time Olympic gold medallist, was asked what his advice was for his sporting colleagues.

“I just tell them, remember your dream,” he said, adding that professional athletes will still “put on a good show” even with no crowds to support them in the stadiums.

Speaking virtually from Jamaica, the 34-year-old may soon be making a physical appearance in the Kingdom. “I am looking forward to visiting Riyadh soon,” he said when asked whether he would be travelling to the Saudi capital soon.

Also joining the session was Alejandro Agag, chairman of Formula E, who said he was looking forward to staging events in the Kingdom.

“The reason we can host events like the Dakar rally, which just concluded and the in the Kingdom, despite COVID-19 pandemic is the positive spirit,” he said, adding: “Everything works in Saudi Arabia, nothing is impossible here.”

He underlined: “For us, Saudi Arabia is very special, we are looking forward to Formula E.”

Formula E’s Diriyah E-Prix returns to the Saudi capital next month for its third Riyadh race weekend in three years.

Anticipation is already building for the Feb. 26 racing showcase as it will be the season-opener and Formula E’s first ever night race.

On behalf of Saudi Sports Minister Prince Abdulaziz bin Turki Al-Faisal, Bader Alkadi, his advisor, spoke about how Saudi Arabia mitigated the effects of COVID-19 on its growing and impressive sport event portfolio.
 


Closing Bell: Saudi main index slips to close at 11,228 

Updated 15 February 2026
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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.