Mawani inks deal with Saudi Post in logistics development boost

The partnership also aligns with Saudi Arabia’s efforts to improve its ranking in the World Bank Logistics Performance Index (Shutterstock)
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Updated 06 June 2023
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Mawani inks deal with Saudi Post in logistics development boost

RIYADH: In a bid to materialize the goals outlined in Saudi Arabia’s National Transport and Logistics Strategy, Saudi Ports Authority, also known as Mawani, has entered into a strategic partnership agreement with Saudi Post to manage the authority’s postal requirements. 

The agreement was signed by Majid Al Malik, vice president for Shared Services and Digital Transformation at Mawani, and Rakan Al-Daifallah, general manager of Government Sales, the Saudi Press Agency reported. 

According to the report, this new collaboration between these public sector entities will leverage the latest technologies and advanced capabilities to create a high-performing and cost-efficient logistics sector in Saudi Arabia. 

The partnership also aligns with Saudi Arabia’s efforts to improve its ranking in the World Bank Logistics Performance Index. 

Saudi Arabia’s National Transport and Logistics Strategy aims to position the Kingdom as a global logistics hub connecting three continents by improving all transport services,  including boosting the capabilities of the air cargo sector by doubling capacity to more than 4.5 million tons by 2030. 

Under this new strategic agreement, Saudi Post will manage Mawani’s postal requirements through its Express Mail Service, therefore providing a customized solution that caters to both government and non-government sectors. 

It will also ensure a cost-effective distribution channel for domestic and international operations.

In April, it was reported that Saudi Arabia has jumped 17 places to claim 38th rank in the World Bank’s Logistics Performance Index 2023. 

According to the World Bank report, the Kingdom has made great strides in performance efficiency through several sub-indicators, such as trade and transport infrastructure, shipment frequency tracking and tracing facilities, customs clearance, and quality of maritime freight. 

“This progress came with the support of the Crown Prince and the ambitious goals of the National Strategy for Transport and Logistics Services,” said Minister of Transport and Logistics Saleh Al-Jasser at the time.

The minister added that the strategy contains broad structural reforms and qualitative strategic initiatives, to strengthen operational efficiency, which will ultimately affirm the position of the Kingdom in the global logistics map.


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.