KAPSARC launches second batch of Graduate Development Program  

King Abdullah Petroleum Studies and Research Center (KAPSARC)
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Updated 21 June 2023
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KAPSARC launches second batch of Graduate Development Program  

RIYADH: Saudi Arabia’s talent pool for the energy sector is set to widen with the second cohort of King Abdullah Petroleum Studies and Research Center’s Graduate Development Program commencing studying, according to a statement. 

The program, designed to last one year, consists of three tracks to enhance professional skills and develop talents that can propel the Kingdom’s energy ecosystem. 

“The program aims to empower fresh graduates and equip them with the necessary skills to meet the needs of the future job market,” said KAPSARC President Fahad Al-Ajlan in a statement. 

He added: “KAPSARC GDP seeks to transfer knowledge which is considered one of the core values of the center.” 

In addition, the program aims to improve the skills of new generations and involve them in finding practical solutions and developing models that help in facing energy challenges while securing a sustainable future, Al-Ajlan explained. 

Through its focus on knowledge, analysis, consulting, and enabling, the program is focused on developing the capabilities of fresh graduates in achieving the objectives of the Vision 2030 blueprint. 

According to Abdulaziz Al-Shiddi, KAPSARC’s human resources director, the knowledge and analysis track targets those wishing to start their professional career and build expertise in energy, climate, sustainability, macro and microeconomics. 

The consulting track is dedicated to those wishing to work in the advisory services sector and develop business solutions for current and future challenges. 

Meanwhile, the enabling track is specialized in developing graduates’ skills in different functional areas. 

Last month, KAPSARC organized a ceremony to mark the graduation of the first batch of its Public Leadership Executive Program. 

The institution offers the scheme in collaboration with the Switzerland-based International Institute for Management Development. 

KAPSARC is a leading advisory think tank that aims to advance the Kingdom’s energy sector and inform global policies through evidence-based advice and applied research.


Closing Bell: Saudi main index closes higher at 10,596 

Updated 23 December 2025
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Closing Bell: Saudi main index closes higher at 10,596 

RIYADH: Saudi equities closed higher on Tuesday, with the Tadawul All Share Index rising 43.59 points, or 0.41 percent, to finish at 10,595.85, supported by broad-based buying and strength in select mid-cap stocks. 

Market breadth was firmly positive, with 170 stocks advancing against 90 decliners, while trading activity saw 161.96 million shares change hands, generating a total value of SR3.39 billion. 

Meanwhile, the MT30 Index closed higher, gaining 6.52 points, or 0.47 percent, to 1,399.11, while the Nomu Parallel Market Index edged marginally lower, slipping 3.33 points, or 0.01 percent, to 23,267.77. 

Among the session’s top gainers, Al Masar Al Shamil Education Co. surged 9.99 percent to close at SR26.20, while Saudi Cable Co. jumped 9.98 percent to SR147.70.  
Cherry Trading Co. rose 4.18 percent to SR25.44, and United Carton Industries Co. advanced 4.09 percent to SR26.46. 

Al Yamamah Steel Industries Co. also posted solid gains, climbing 4.07 percent to end at SR32.70.  

On the downside, Emaar The Economic City led losses, slipping 3.55 percent to SR10.32, followed by Derayah REIT Fund, which fell 2.92 percent to SR5.31. 

Derayah Financial Co. declined 2.13 percent to SR26.62, while United International Holding Co. retreated 1.96 percent to SR155.20, and Gulf Union Alahlia Cooperative Insurance Co. eased 1.92 percent to SR10.70.  

On the announcements front, Red Sea International Co. said it signed a SR202.8 million contract with Webuild S.P.A. to provide integrated facilities management services for the Trojena project at Neom. 

The agreement covers operations and maintenance for the project’s Main Camp and Spike Camp, including accommodation and housekeeping, catering, security, IT and communications, utilities, waste management, fire safety and emergency response, as well as other supporting services.  

The contract runs for two years, with the financial impact expected to begin in the first quarter of 2026. Shares of Red Sea International closed up 0.99 percent at SR34.74. 

Al Moammar Information Systems Co. disclosed that it received an award notification from Humain to design and build a data center dedicated to artificial intelligence technologies, with a total value exceeding 155 percent of the company’s 2024 revenue, inclusive of VAT. 

The contract is expected to be formally signed in February 2026, underscoring the scale of the project and its potential impact on the company’s future revenues.  

MIS shares ended the session 2.82 percent higher at SR156.70, reflecting positive investor sentiment following the announcement.