Future Aviation Forum: Industry leaders laud Saudi Arabia’s new air travel policy 

Saudi's policy initiative has impressed industry experts and leaders attending the event.
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Updated 11 May 2022
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Future Aviation Forum: Industry leaders laud Saudi Arabia’s new air travel policy 

RIYADH: Saudi Arabia’s newly developed international travel policy has received positive responses from the industry, with key aviation leaders calling it a crucial step at a time when the sector is recovering from the pandemic. 

Aimed at smoothing the process of international air travel, the Harmonizing Air Travel policy, which was developed in cooperation with the UN’s International Civil Aviation Organization, will be officially presented at the 41st ICAO General Assembly later in 2022 for approval from member states. 

Announced during the Future Aviation Forum in Riyadh, the policy initiative has impressed industry experts and leaders attending the event. 

A platform for swift communication between countries

Jean-Marc Bourreau, a partner at Consulum Aviation, told Arab News that the new policy will propose solutions to the current crisis, and will fuel Saudi’s Vision 2030.  




Jean-Marc Bourreau, partner at Consulum Aviation spoke to Arab News on the sidelines of the Future Aviation Forum. 

“The policy is about the harmonization of air travel, which means that instead of thinking of each country, communicating on its own regarding health requirements for travel, let’s put together a platform that will allow the swift communication between all countries regarding what the requirements are,” he said. 

Bourreau added, “If I am coming from country A, I have the nationality of country C, I am traveling from country D to country E, and the system will tell you what regulation you need to be complying with. And this will be the reference. You will not have to go again to a large number of websites or platforms or information, because everything will be there.” 

Stabilizing international air travel post-pandemic

Abdul Wahad Teffaha, secretary-general of the Arab Air Carriers Organization, also lauded Saudi Arabia’s new policy to ease and harmonize air travel requirements in the post-pandemic era. 




Abdul Wahad Teffaha, secretary-general of the Arab Air Carriers Organization, lauded Saudi Arabia’s new policy.

“It’s an excellent initiative and kudos to Saudi Arabia for bringing this to the International Civil Aviation Organization,” he told Arab News.

Meanwhile, the European Commission also expressed its hopes to strengthen aviation ties with Saudi Arabia. 

“We initiated the comprehensive air transport agreement with Oman. And I hope that next would be perhaps Saudi Arabia because that will be something that will be driving this vision," said Henrik Hololei, director general at the commission’s department for mobility and transport, while interacting with Arab News at the ongoing Future Aviation Forum. 




Henrik Hololei, director general at the commission’s department for mobility and transport, interacted with Arab News at the ongoing Future Aviation Forum.

“Europe will be an extremely important market for Saudi Arabia and aviation in the future,” he added.

A much-needed step from Saudi Arabian government

During the event, Mohamed Yousif Al Binfalah, CEO of Bahrain Airport Co. also spoke to Arab News in an exlusive interview, and he called the proposed new civil aviation policy a much-needed step to overcome future challenges.

“While most of the restrictions have been lifted across the world, I think there is a unique opportunity for the air transport community to learn from the lessons that we have experienced throughout the pandemic, and try to come up with harmonized plans and protocols to respond to the next crisis,” Binfalah said.

He added: “The sector is on the right track for full recovery, but there are a few challenges, one of them is the harmonization of protocols.”

 


Closing Bell: Saudi benchmark index closes lower at 10,540 

Updated 24 December 2025
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Closing Bell: Saudi benchmark index closes lower at 10,540 

RIYADH: Saudi equities ended Wednesday’s session lower, with the Tadawul All Share Index falling 55.13 points, or 0.52 percent, to close at 10,540.72. 

The sell-off was mirrored across other indices, with the MSCI Tadawul 30 Index retreating 5.79 points, or 0.41 percent, to close at 1,393.32, while the parallel market Nomu slipped 74.56 points, or 0.32 percent, to 23,193.21.  

Market breadth remained firmly negative, as decliners outpaced advancers, with 207 stocks ending the session lower against just 51 gainers on the main market. 

Trading activity moderated compared to recent sessions, with volumes reaching 123.5 million shares, while total traded value stood at SR2.72 billion ($725.2 million). 

On the sectoral and stock level, Al Moammar Information Systems Co. led the gainers after surging 9.96 percent to close at SR172.30, extending its rally following a series of contract announcements tied to data center and IT infrastructure projects.  

Al Masar Al Shamil Education Co. climbed 4.89 percent to SR27.48, while Naqi Water Co. advanced 3.36 percent to SR58.50. Al Yamamah Steel Industries Co. and Al-Jouf Agricultural Development Co. also posted solid gains, rising 3 percent and 2.86 percent, respectively. 

Losses, however, were concentrated in industrial names. Saudi Kayan Petrochemical Co. fell 3.67 percent to SR4.73, while Makkah Construction and Development Co. slid 3.44 percent to SR80.  

Saudi Tadawul Group Holding Co. retreated 3.28 percent to SR147.50, weighed down by broader market weakness, and Saudi Cable Co. declined 3.18 percent to SR143.  

Alkhaleej Training and Education Co. rounded out the top losers, shedding just over 3 percent. 

On the announcement front, BinDawood Holding announced the signing of a share purchase agreement to acquire 51 percent of Wonder Bakery LLC in the UAE for 96.9 million dirhams, marking a strategic expansion of its food manufacturing footprint beyond Saudi Arabia.   

The acquisition, which remains subject to regulatory approvals, is expected to support the group’s regional growth ambitions and strengthen supply chain integration.  

BinDawood shares closed at SR4.68, up 0.43 percent, reflecting a positive market reaction to the overseas expansion move.  

Meanwhile, Al Moammar Information Systems disclosed the contract sign-off for the renewal of IT systems support licenses with the Saudi Central Bank, valued at SR114.4 million, inclusive of VAT.   

The 36-month contract is expected to have a positive financial impact starting from fourth quarter of 2025, reinforcing MIS’s position as a key technology partner for critical government institutions. The stock surged to the session’s limit making it the top gainer. 

In a separate disclosure, Maharah Human Resources confirmed the completion of the sale of its entire stake in Care Shield Holding Co. through its subsidiary, Growth Avenue Investments, for a total consideration of SR434.3 million.  

The transaction involved the transfer of 41.36 percent of Care Shield’s share capital to Dallah Healthcare, with Maharah receiving the full cash proceeds.  

Despite the strategic divestment, Maharah shares closed lower, ending the session at SR6.12, down 1.29 percent.