RIYADH: Emirati carrier Air Arabia will continue operating flights to Russia as long as it is legal, said Air Arabia CEO Adel Ali.
However, Ali made it clear that the airline currently has no plans to operate additional services to Russia, reported Reuters.
“We as an airline operate to whichever airport that’s open for business and people are traveling. Our job is to connect people and as long as it is open, we will do that within the law. The moment legally we can’t fly to somewhere, we stop flying,” said Ali, while talking to reporters at a conference in Ras Al-Khaimah, UAE.
According to the Air Arabia CEO, it is too early to say how sanctions on Russia are going to impact operations there. He, however, said the suspension of flights to Ukraine will not have a significant impact on the airline.
The CEO said he is not concerned about the current surge in oil prices.
Air Arabia to continue operating flights to Russia as long as it is legal, says CEO
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Air Arabia to continue operating flights to Russia as long as it is legal, says CEO
Two Saudi cybersecurity firms plan Tadawul listings within two years
RIYADH: Two Saudi cybersecurity companies, Cyber and Infratech, plan to list a portion of their shares on the Saudi Stock Exchange, or Tadawul, between 2026 and 2027, according to the companies’ chairmen, who spoke to Al-Eqtisadiah.
Abdulrahman Al-Kenani, founder and CEO of Cyber, said: “The company is currently planning to acquire certain entities, which will be disclosed in the coming period, in addition to preparing for a public offering through the Tumooh program on the stock market within the next two years at the latest.”
Al-Kenani explained that the financial, healthcare and services sectors are witnessing continuous cyberattacks as Saudi Arabia expands its digital transformation, accompanied by a rise in the frequency of such incidents. He added that this phenomenon is not limited to the Kingdom but is a global issue.
The CEO added: “The company is working with several Saudi airports and vital sectors, in addition to collaborating with major international companies to provide cutting-edge cybersecurity solutions.”
Infratech plans 4 R&D centers abroad
Ayman Al-Suhaim, CEO of Infratech, stated: “The size of the information technology and cybersecurity market in Saudi Arabia has reached approximately SR87 billion ($23.2 billion), of which SR15.7 billion are allocated to the cybersecurity sector. This includes consulting, managed services, governance, risk management, and cybersecurity within the industrial sector.”
He said the company has a strategic plan covering the period from 2026 to 2028, which includes establishing a firm in the first quarter of next year to finance cybersecurity and artificial intelligence products, as well as launching four research and development centers in the US, Russia, China and Eastern Europe.
The plan also includes investment in cloud storage, overseas ventures, and the expansion of operations and investments in data centers.
Al-Suhaim said the company intends to go public in 2027, noting that it operates across multiple cybersecurity domains serving sectors including energy, defense, aviation and government services.
The Tumooh program for small and medium-sized enterprises in Saudi Arabia is one of the support initiatives offered by the General Authority for Small and Medium Enterprises, or Monsha’at. It aims to drive SME growth by strengthening capabilities, improving performance and accelerating expansion.
The initiative seeks to help fast-growing SMEs prepare for initial public offerings in the financial markets. To date, the program has facilitated the listing of 24 companies on the Nomu Parallel Market out of more than 2,500 firms registered under the scheme.
