Saudi Railway Forum unveils $266m economic opportunities 

The forum was launched by the Minister of Transport and Logistics Saleh Bin Nasser Al-Jasser (Supplied) 
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Updated 17 March 2022
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Saudi Railway Forum unveils $266m economic opportunities 

RIYADH: Saudi Arabia’s Railway Industrial Opportunities Forum was inaugurated on Thursday, to unveil economic opportunities exceeding SR1 billion ($266 million) to the railway industry. 

The forum was launched by the Minister of Transport and Logistics Saleh Bin Nasser Al-Jasser under the auspices of the National Industrial Development and Logistics Program. 

It aims to expand partnership opportunities between the public and private sectors, as well as develop the railway infrastructure, as per the sector's plans in the coming period, Al-Jasser added. 

He explained that this would open up the market to new operators, and increase the private sector's participation in freight operations, train passenger trips, and assets.

The event comes a year after the restructuring of the railway sector in the Kingdom under SAR’s Company.

Saudi Arabia plans to increase its railways by over 8,000, to achieve local and regional connection, double transport capacity, and adopt modern technology to reduce the environmental impact of transport, he added. 


Closing Bell: Saudi main index closes in red at 11,183

Updated 16 February 2026
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Closing Bell: Saudi main index closes in red at 11,183

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 44.79 points, or 0.4 percent, to close at 11,183.85.

The total trading turnover of the benchmark index was SR4.05 billion ($1.08 billion), as 69 of the listed stocks advanced, while 191 retreated.

The MSCI Tadawul Index decreased, down 6.63 points or 0.44 percent, to close at 1,504.73.

The Kingdom’s parallel market Nomu lost 328.20 points, or 1.36 percent, to close at 23,764.92. This comes as 22 of the listed stocks advanced, while 49 retreated.

The best-performing stock was Maharah Human Resources Co., with its share price surging by 7.26 percent to SR6.50.

Other top performers included Arabian Cement Co., which saw its share price rise by 6.27 percent to SR22.71, and Saudi Research and Media Group, which saw a 4.3 percent increase to SR104.30.

On the downside, the worst performer of the day was Arabian Internet and Communications Services Co., whose share price fell by 8.01 percent to SR207.80.

Jahez International Co. for Information System Technology and Al-Rajhi Co. for Cooperative Insurance also saw declines, with their shares dropping by 5.61 percent and 4.46 percent to SR12.79 and SR75, respectively.

On the announcement front, Etihad Etisalat Co. announced its financial results for 2025 with a 7.9 percent year-on-year growth in its revenues, to reach SR19.6 billion.

In a Tadawul statement, Mobily said that this growth is attributed to “the expansion of all revenue streams, with a healthy growth in the overall subscriber base.”

Mobily delivered an 11.6 percent increase in net profit, reaching SR3.4 billion in 2025 compared to SR3.1 billion in 2024.

The company’s share price reached SR67.85, marking a 0.37 percent increase on the main market.