RIYADH: Saudi Arabia is planning to set up 20 special economic zones, of which six will be located in Riyadh, Khalid Al-Falih, Minister of Investment, said during the Future Investment Initiative (FII) summit on Thursday.
Five or six of them will be added to the financial district, which will have international host International companies.
They will be specialized economic zones for digital, creative, and logistics. The airport will probably be one of the first zones.
To this extent, a regulatory environment will be created to be investor friendly and reduce the risk of doing business.
Moreover, Al-Falih added that the Saudi financial sector is one of the top five financial sectors within the G20.
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FII: Saudi Arabia eyes 20 free economic zones, six in Riyadh
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FII: Saudi Arabia eyes 20 free economic zones, six in Riyadh
- Five or six of them will be added to the financial district
Closing Bell: Saudi main market edges up to close at 11,328
RIYADH: Saudi Arabia’s Tadawul All Share Index closed slightly higher on Tuesday, rising 0.07 percent, or 7.43 points, to finish at 11,328.52.
The parallel Nomu market also gained, up 0.13 percent, or 30.68 points, to 24,043.71, with 46 stocks advancing and 33 declining.
The MT30 index ended in positive territory at 1,527.14 points, up 0.19 percent. Market breadth was slightly negative, with 112 gainers against 140 decliners. Total trading volume reached 220.3 million shares, valued at SR5 billion ($1.3 billion), according to exchange data.
Among the session’s top performers, Saudi Chemical Co. rose 8.04 percent to SR8.33, Etihad GO Telecom Co. gained 6.83 percent to close at SR98.55, and Cherry Trading Co. climbed 5.84 percent to SR30.80. Arabian Contracting Services Co. advanced 4.99 percent to SR126.20, while United Carton Industries Co. rose 4.18 percent to SR26.44.
On the downside, Elm Co. led losses, falling 3.44 percent to SR743.50, followed by Knowledge Economic City, which declined 2.67 percent to SR12.74, and Aljazira Takaful Taawuni Co., which slipped 2.45 percent to SR11.92.
Makkah Construction and Development Co. fell 2.13 percent to SR89.65, while Arabian Internet and Communications Services Co. eased 2.07 percent to SR227.60.
Etihad GO Telecom Co. also released its consolidated interim results for the nine months ending Dec. 31, 2025, reporting strong growth across its business segments. Revenues rose 34.3 percent year on year to SR1.39 billion, while net profit attributable to shareholders increased 22.4 percent to SR197 million. During the most recent quarter, revenue reached SR489 million, up from SR382 million in the same period last year, and net profit rose to SR70 million from SR55 million.
The company attributed the gains to higher revenue from its B2B, wholesale, and B2C segments, increased demand for voice and fiber services, and contributions from its subsidiary, Ejad Technology.
Separately, Saudi Arabian Oil Co. completed the issuance of $4 billion in international bonds under its Global Medium-Term Note Program, comprising 20,000 US dollar-denominated bonds with maturities of three, five, 10, and 30 years, carrying coupon rates of 4 to 6 percent, and expected to be listed on the London Stock Exchange.
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