Sport is a key part of climate action, says Princess Reema bint Bandar Al-Saud

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Updated 23 October 2021
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Sport is a key part of climate action, says Princess Reema bint Bandar Al-Saud

RIYADH: Sport needs to be recognised as a key weapon in the fight against climate change, Saudi Arabia’s ambassador to the United States declared at the Saudi Green Initiative on Saturday.

Speaking in Riyadh, Princess Reema bint Bandar Al-Saud said implementing the UN Sports for Climate Action Framework and supporting its signatories will promote sustainability.

“The principles of the United Nations Framework Convention on Climate Change can educate, inform and inspire our conduct, and our behaviour, and it can make it clear that sports will help lead this battle,” she said, adding: “And as a member of the Saudi Olympic family and also representing the International Olympic Committee. I'm proud that the sporting world has this opportunity to confront the climate crisis.”

The ambassador went on to argue that climate change can only be tackled if millions of young people around the world are mobilized to take care not just of themselves, but the environment around them.

 “And that's what sports has always done, and at no time has that leadership been more important than now as we look to protect the future generations and protect our planet,” she said.  

The Kingdom is signing the sports framework with the United Nations.

Princess Reema believes the world can be impacted by sports, saying: “Sports are a reflection of what we value: excellence, friendship, respect. It can be transforming and sports can educate and inform.”

“When I think of sports. I think of a community. I think of people striving, reaching for long sought dreams and sports will always bring us together. It will always challenge us to be our best,” she added.


Closing Bell: Saudi main index rises to 10,894

Updated 13 January 2026
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Closing Bell: Saudi main index rises to 10,894

RIYADH: Saudi Arabia’s Tadawul All Share Index extended its upward trend for a third consecutive day this week, gaining 148.18 points, or 1.38 percent, to close at 10,893.63 on Tuesday. 

The total trading turnover of the benchmark index stood at SR6.05 billion ($1.61 billion), with 144 listed stocks advancing and 107 declining. 

The Kingdom’s parallel market Nomu also rose by 81.35 points to close at 23,668.29. 

The MSCI Tadawul Index edged up 1.71 percent to 1,460.89. 

The best-performing stock on the main market was Zahrat Al Waha for Trading Co., with its share price advancing 10 percent to SR2.75. 

Shares of CHUBB Arabia Cooperative Insurance Co. increased 8.27 percent to SR23.04, while Abdullah Saad Mohammed Abo Moati for Bookstores Co. saw its stock climb 6.17 percent to SR50.60. 

Conversely, the share price of Naseej International Trading Co. declined 9.90 percent to SR31.48. 

On the announcements front, Arabian Drilling Co. said it secured three contract extensions for land rigs with energy giant Saudi Aramco, totaling SR1.4 billion and adding 25 active rig years to its backlog. 

In a Tadawul statement, the company said one rig is currently operational, the second will begin operations by the end of January, and the third — currently suspended — is expected to resume operations in 2026. 

Since November 2025, Arabian Drilling has secured seven contract extensions amounting to SR3.4 billion, representing 55 committed rig years. 

The three contracts have durations of 10 years, 10 years, and five years, respectively.

“Securing a total of SR1.4 billion in new contracts and expanding our backlog by 25 rig-years demonstrates both the trust our clients place in us and our ability to consistently deliver quality and reliability,” said Ghassan Mirdad, CEO of Arabian Drilling, in a statement. 

Shares of Arabian Drilling Co. rose 3.15 percent to SR104.70. 

Separately, Alkhorayef Water and Power Technologies Co. said it signed a 36-month contract valued at SR43.35 million with National Water Co. to operate and maintain water networks, pumping stations, wells, reservoirs, and related facilities in Tabuk. 

In October, Alkhorayef Water and Power Technologies Co. announced it had been awarded the contract by NWC. 

In a Tadawul statement, the company said the financial impact of the deal began in the fourth quarter of 2025. 

The share price of Alkhorayef Water and Power Technologies Co. declined 0.49 percent to SR120.70.