RIYADH: The head of a Saudi delegation leading the Kingdom’s space technological advancement endeavors with the US has held a number of bilateral meetings on Friday, the official Saudi Press Agency reported.
The Chairman of the Saudi Space Commission, Abdullah Al-Swaha, held several discussions with heads of American space companies to exchange expertise and technologies, and enhance joint capabilities in the space sector.
The meetings come as part of the Saudi minister’s official visit to the US, where he met with the founder and CEO of Axiom Space, Michael Suffredini, and CEO of Redwire Peter Cannito.
The meetings discussed several issues aimed at exchanging know-how and technologies related to microgravity platforms, joint cooperation to localize the satellite industry, seeking to enhance joint capabilities to discover space debris, and effectively contributing to building advanced navigational systems, the SPA statement said.
Al-Swaha also met with a number of heads of American space companies on Thursday, including John Elbon, chief operating officer of United Launch Alliance, and Jane Poynter, founder and co-CEO of Space Perspective.
The meetings aimed to enhance bilateral cooperation in the field of spacecraft launch services, build partnerships to contribute to the growth of the space tourism sector, exchange expertise and technologies, and develop the sector’s role in achieving the goals of the Kingdom’s Vision 2030.
Saudi Arabia, US continue to explore cooperation in space sector
https://arab.news/636u7
Saudi Arabia, US continue to explore cooperation in space sector
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.
