Aramco, Saudi Coffee Co. ink deal to improve the brew in the Kingdom

The MoU would also include consultations on best practices to operate the Coffee Development Center in Al-Dair, which Saudi Aramco is building in cooperation with the Jazan Mountains Development Authority. (Shutterstock)
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Updated 12 April 2023
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Aramco, Saudi Coffee Co. ink deal to improve the brew in the Kingdom

RIYADH: Coffee cultivation in Saudi Arabia will soon be waking up to a concerted effort to promote its brew, with the government training farmers in Jazan and Asir and supporting its value chain in the Kingdom. 

As part of the initiative, the Saudi Arabian Oil Co. and Saudi Coffee Co., a subsidiary of the Public Investment Fund, signed a memorandum of understanding on Tuesday to elevate the industry to sustainable levels to position it as a competitive national brand. 

Under the terms of the agreement, the coffee company will expand the initiative by training farmers and providing full support for the value chain of coffee products in the Kingdom. 

The project would also include consultations on best practices to operate the Coffee Development Center in Al-Dair, which Saudi Aramco is building in cooperation with the Jazan Mountains Development Authority to serve the region’s farmers. 

The MoU backs the oil giant’s efforts toward fulfilling social responsibility by supporting small projects in the Kingdom.

Khaled Al-Zamil, the vice president for public affairs at Saudi Aramco, inked the deal with Fahd Al-Nahit, the chairman of the Saudi Coffee Co. 

“This cooperation with the Saudi Coffee Co. represents an important turning point for the citizenship initiatives in Saudi Aramco,” said Al-Zamil. 

The initiative continues its tangible contributions in supporting small-scale industries initiatives, including the program launched in 2016 to train coffee farmers on the latest sustainable agriculture methods for coffee production in the Jazan region. 

“This partnership strengthens efforts to develop the coffee industry in the areas of agriculture, research, innovation and marketing, and opens the way for the exchange of experiences and complements Saudi Aramco’s previous efforts in developing the Saudi coffee industry and making it more competitive globally,” he added. 

Saudi Aramco has already launched and supported many initiatives and projects with a sustainable impact across crafts, traditional and popular professions, including beekeepers, fishermen, and other crafts that work on enhancing the Kingdom’s national identity and contributing to preserving the cultural heritage. 


Closing Bell: Saudi main index rises to 10,894

Updated 13 January 2026
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Closing Bell: Saudi main index rises to 10,894

RIYADH: Saudi Arabia’s Tadawul All Share Index extended its upward trend for a third consecutive day this week, gaining 148.18 points, or 1.38 percent, to close at 10,893.63 on Tuesday. 

The total trading turnover of the benchmark index stood at SR6.05 billion ($1.61 billion), with 144 listed stocks advancing and 107 declining. 

The Kingdom’s parallel market Nomu also rose by 81.35 points to close at 23,668.29. 

The MSCI Tadawul Index edged up 1.71 percent to 1,460.89. 

The best-performing stock on the main market was Zahrat Al Waha for Trading Co., with its share price advancing 10 percent to SR2.75. 

Shares of CHUBB Arabia Cooperative Insurance Co. increased 8.27 percent to SR23.04, while Abdullah Saad Mohammed Abo Moati for Bookstores Co. saw its stock climb 6.17 percent to SR50.60. 

Conversely, the share price of Naseej International Trading Co. declined 9.90 percent to SR31.48. 

On the announcements front, Arabian Drilling Co. said it secured three contract extensions for land rigs with energy giant Saudi Aramco, totaling SR1.4 billion and adding 25 active rig years to its backlog. 

In a Tadawul statement, the company said one rig is currently operational, the second will begin operations by the end of January, and the third — currently suspended — is expected to resume operations in 2026. 

Since November 2025, Arabian Drilling has secured seven contract extensions amounting to SR3.4 billion, representing 55 committed rig years. 

The three contracts have durations of 10 years, 10 years, and five years, respectively.

“Securing a total of SR1.4 billion in new contracts and expanding our backlog by 25 rig-years demonstrates both the trust our clients place in us and our ability to consistently deliver quality and reliability,” said Ghassan Mirdad, CEO of Arabian Drilling, in a statement. 

Shares of Arabian Drilling Co. rose 3.15 percent to SR104.70. 

Separately, Alkhorayef Water and Power Technologies Co. said it signed a 36-month contract valued at SR43.35 million with National Water Co. to operate and maintain water networks, pumping stations, wells, reservoirs, and related facilities in Tabuk. 

In October, Alkhorayef Water and Power Technologies Co. announced it had been awarded the contract by NWC. 

In a Tadawul statement, the company said the financial impact of the deal began in the fourth quarter of 2025. 

The share price of Alkhorayef Water and Power Technologies Co. declined 0.49 percent to SR120.70.