Saudi Excellence Co joins with US firm to set up the first AI-based robotic Cloud Kitchen in the Kingdom

The agreement will see Nala Robotics provide AI-powered robotics software and hardware to Saudi food producers (Supplied)
Short Url
Updated 18 September 2022
Follow

Saudi Excellence Co joins with US firm to set up the first AI-based robotic Cloud Kitchen in the Kingdom

RIYADH: Food production in Saudi Arabia is set to be bolstered by robots thanks to a new agreement struck between a Riyadh-based technology company and the US’s Nala Robotics.

The Saudi Excellence Co, has signed a memorandum of understanding with the firm, which will lead to the first artificial intelligence based robotic Cloud Kitchen and research and development hub in Saudi Arabia, a statement showed.

Signed during the Global AI summit 2022 on Sept. 15, the agreement will see Nala Robotics provide AI-powered robotics software and hardware to Saudi food producers so they can make higher quality, more affordable edibles faster and more efficiently.

The partnership will also see Nala Robotics explore the possibility of starting a local research and development center to develop robotics-related AI and machine learning for Saudi Middle Eastern cuisine.

“Nala Robotics is committed to helping the Saudi food industry meet the Saudi Vision 2030 objective of adapting the latest AI technology, given the Kingdom’s importance as an international trade hub that connects Asia, Europe and Africa,” General Manager of Nala Robotics at Asia Pacific, Balaji Koneru said.

Saudi Excellence Co-Chief Innovation Advisor, Omar Mian, created the first ‘Shopatainment’ marketplace in the food tech industry, where users can order food from a video streaming or gaming platform. 

Mian is currently involved in technology, artificial intelligence, robotics and blockchain gaming.

The Saudi Excellence Co. is a subsidiary of Al-Ramez International Group, which operates in various sectors, such as general trading, contracting, design consultancy, advertising, and publicity.


Closing Bell: Saudi main index slips to close at 11,228 

Updated 15 February 2026
Follow

Closing Bell: Saudi main index slips to close at 11,228 

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, lost 23.17 points, or 0.21 percent, to close at 11,228.64. 

The total trading turnover of the benchmark index was SR2.99 billion ($797 million), as 170 of the stocks advanced and 82 retreated.    

On the other hand, the Kingdom’s parallel market Nomu gained 449.38 points, or 1.90 percent, to close at 24,093.12. This comes as 43 of the stocks advanced while 27 retreated.    

The MSCI Tadawul Index lost 6.07 points, or 0.40 percent, to close at 1,511.36.     

The best-performing stock of the day was Obeikan Glass Co., whose share price surged 7.54 percent to SR27.66.  

Other top performers included Alamar Foods Co., whose share price rose 6.80 percent to SR47.10, as well as Saudi Kayan Petrochemical Co., whose share price climbed 6.79 percent to SR5.66.   

Saudi Investment Bank recorded the steepest drop, falling 3.21 percent to SR13.56. 

Jahez International Co. for Information System Technology also saw its share price fall 3.15 percent to SR13.55. 

Rabigh Refining and Petrochemical Co. declined 2.78 percent to SR7.34. 

On the announcements front, Tanmiah Food Co. reported its annual financial results for the period ending Dec. 31. According to a Tadawul statement, the company recorded a net loss of SR18.8 million, compared with a net profit of SR95.8 million a year earlier. 

The net loss was mainly due to ongoing market challenges that resulted in continued pricing pressures in fresh poultry, inflationary cost pressures, higher financing expenses, and depreciation and ramp-up costs from new facilities, partially offset by increased production volumes and cost-optimization initiatives.  

Tanmiah Food Co. ended the session at SR58.20, up 3.72 percent. 

United International Holding Co., also known as Tas’heel, announced its annual financial results for the period ending Dec. 31. A bourse filing showed the company recorded a net profit of SR273.64 million in 2025, up 23.05 percent from 2024, primarily driven by a 23.4 percent rise in revenues. The revenue growth helped lift gross profit by 23.7 percent. 

Tas’heel ended the session at SR146.80, down 0.28 percent.