Saudi Arabia ranks first globally in technical and vocational education

TVTC succeeded in attracting 28 percent of high school graduates to enroll in technical and vocational training in 2021, 4 percent higher than the stipulated target of 24 percent.
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Updated 05 March 2023
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Saudi Arabia ranks first globally in technical and vocational education

RIYADH: Saudi Arabia has been ranked first globally for the percentage of students enrolled in post-secondary non-tertiary education under technical and vocational training programs, Saudi Press Agency reported citing data from the Global Knowledge Index 2022.

As the Kingdom is making steady progress in the technical and vocational training sector, Ahmad bin Fahad Al-Fahaid, governor of Technical and Vocational Training Corp. conveyed his gratitude to King Salman and Crown Prince Mohammed bin Salman. 

Al-Fahaid noted that this achievement is the result of the support offered by the Kingdom’s visionary leadership, which is playing a crucial role in equipping its citizens to actively contribute to the development and renaissance of the country.

He further pointed out that TVTC is working to expand the number of colleges and educational institutions in the vocational training sector. 

According to Al-Fahaid, TVTC succeeded in attracting 28 percent of high school graduates to enroll in technical and vocational training in 2021, 4 percent higher than the stipulated target of 24 percent. 

Earlier in November, TVTC announced that it is currently training 6,189 people in preparation for jobs in the tourism and hotel industries.

TVTC’s aims align with Saudi Vision 2030, under which efforts are exerted to cut the unemployment rate in the Kingdom from 11.6 percent to 7 percent by 2030.

The Global Knowledge Index is issued annually by Mohammed bin Rashid Al Maktoum Knowledge Foundation in association with UN Development Program, and it aims to provide reliable data to help countries and decision-makers to understand the present scenario and challenges in various sectors, along with discovering future paths. 

The index contains seven composite sub-indices that focus on the performance of six vital knowledge sectors: pre-university education; technical and vocational education and training; higher education; information and communications technology; research, development, and innovation; and economy. 

It also has a special sub-index for enabling environment that diagnoses social, political, economic, health, and environmental contexts for those sectors.


Closing Bell: Saudi main index slips to close at 10,588 

Updated 14 December 2025
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Closing Bell: Saudi main index slips to close at 10,588 

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 127.15 points, or 1.19 percent, to close at 10,588.83. 

The total trading turnover of the benchmark index was SR2.57 billion ($685 million), as 28 of the stocks advanced and 232 retreated.    

Similarly, the Kingdom’s parallel market Nomu lost 108.53 points, or 0.46 percent, to close at 23,719.13. This comes as 22 of the stocks advanced while 47 retreated.    

The MSCI Tadawul Index lost 17.17 points, or 1.22 percent, to close at 1,393.34.     

The best-performing stock of the day was Sport Clubs Co., whose share price surged 3.69 percent to SR9.00.   

Other top performers included Flynas Co., whose share price rose 2.55 percent to SR72.30, as well as National Industrialization Co., whose share price surged 2.13 percent to SR10.09. 

Consolidated Grunenfelder Saady Holding Co. recorded the most significant drop, falling 6.61 percent to SR8.90. 

Sustained Infrastructure Holding Co. also saw its stock prices fall 5.75 percent to SR30.82. 

CHUBB Arabia Cooperative Insurance Co. also saw its stock prices decline 5.72 percent to SR22.40. 

On the announcements front, Wataniya Insurance Co. said it has received a notice of award for a one-year contract with Saudi National Bank to provide general insurance as well as protection and savings insurance services, in line with agreed terms and conditions. 

According to a Tadawul statement, coverage will begin on Jan. 1, 2026. The contract value exceeds 15 percent of the company’s total revenues, based on its latest audited financial statements for 2024.  

Wataniya Insurance Co. ended the session at SR14.35, up 1.92 percent. 

Fawaz Abdulaziz Alhokair Co., or Cenomi Retail, has announced executing a SR1.5 billion facility agreement structured as a short-term loan with Emirates NBD – Kingdom of Saudi Arabia. A bourse filing revealed that the financing duration is three years with an option to extend for a total of two years. 

Cenomi Retail ended the session at SR20.00, up 0.26 percent. 

First Milling Co. has announced the Board of Directors’ recommendation to amend the firm’s bylaws Article “Company Management” to increase the number of board members from seven to eight. This change reflects the firm’s commitment to broadening the range of expertise and skills on its board, in line with its growth and expansion plans for the next phase. 

The company reiterated its commitment to fulfilling all necessary procedures and obtaining approvals from the relevant authorities. The recommendation will be submitted to the upcoming General Assembly, with the date to be announced in due course. 

First Milling Co. ended the session at SR49.22, down 1.06 percent.