Saudia, Boeing sign deal to boost fleet operations 

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Updated 15 November 2021
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Saudia, Boeing sign deal to boost fleet operations 

DUBAI: Saudi Arabia’s national carrier Saudia has signed an agreement with Boeing to improve fleet operations of the 787 Dreamliner and 777 jets. 

The deal will allow Saudia to use Boeing’s services in digital analytics and to modify the cabin interiors of the 777 fleet, the pair announced on Monday. 

“As ever, Saudia is continuously focused on operational efficiency, optimal fleet utilization, and deployment,” Ibrahim Koshy, CEO of Saudia, said.

Boeing’s Optimized Maintenance Program (OMP) and Airplane Health Management (AHM) services will allow the Saudi airline to use data in maintenance operations, “improving quality and speed of maintenance decisions,” he added. 

The deal also outlines Boeing’s role in modifying the interiors of the 777 fleet, including design, certification, and supplying the parts required for completion. 


Closing Bell: Saudi main index rises to close at 10,912 

Updated 18 January 2026
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Closing Bell: Saudi main index rises to close at 10,912 

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 93.86 points, or 0.87 percent, to close at 10,912.18. 

The total trading turnover of the benchmark index stood at SR3.03 billion ($809 million), with 230 stocks advancing and 29 declining.  

The Kingdom’s parallel market Nomu also gained 29.13 points, or 0.12 percent, to close at 23,442.91, as 43 stocks advanced and 25 retreated. 

The MSCI Tadawul Index added 9.48 points, or 0.65 percent, to end the session at 1,466.52.  

Arabian Shield Cooperative Insurance Co. was the best-performing stock of the day, with its share price surging 8.55 percent to SR11.94. 

Other top performers included CHUBB Arabia Cooperative Insurance Co., which rose 6.33 percent to SR23.50, and BAAN Holding Group Co., whose shares climbed 6.06 percent to SR2.10.  

United International Holding Co. recorded the steepest decline, falling 2.34 percent to SR146.20. 

SEDCO Capital REIT Fund also saw its share price drop 2.17 percent to SR6.77, while Saudi Manpower Solutions Co. declined 1.58 percent to SR5.60.  

On the corporate front, Saudi Electricity Co. announced the completion of a US dollar-denominated senior unsecured sukuk issuance under its international sukuk program, offered to eligible investors in Saudi Arabia and globally. 

According to a Tadawul statement, the company completed the issuance of a three-tranche sukuk with maturities of three, six and 10 years, raising an aggregate $2.4 billion. The sukuk will be listed on the London Stock Exchange’s International Securities Market.  

Saudi Electricity Co. closed the session at SR14.09, down 0.57 percent. 

Najran Cement Co. said it has secured a mid-term, Shariah-compliant loan of SR50 million from Saudi National Bank to support subsidiary expansion. A bourse filing said the financing will be repaid over five years in semi-annual instalments, with a six-month grace period. 

Najran Cement Co. ended the session at SR6.59, up 0.92 percent. 

Almarai Co. announced its consolidated financial results for the year ended Dec. 31, 2025, reporting a net profit of SR2.45 billion, up 6.2 percent year on year. 

According to a Tadawul statement, the increase was driven by higher revenue growth, disciplined cost control, an improved revenue mix and lower funding costs. 

Almarai Co. closed at SR43.60, up 0.97 percent.