Lockheed Martin signs sponsorship deal for 2024 Bahrain International Airshow

Yousif Mahmoud, director general of BIAS, and Craig Spyhalski, international air and show trade lead at Lockheed Martin. (Farnborough International)
Short Url
Updated 23 June 2023
Follow

Lockheed Martin signs sponsorship deal for 2024 Bahrain International Airshow

  • The event, which will take place from Nov. 13 to 15 at Sakhir Airbase, will harness global expertise to provide crucial thought leadership and insight, organizers said
  • ‘A relationship spanning decades, Bahrain was the first country in the region to adopt Lockheed Martin’s F-16 aircraft, for the Royal Bahraini Air Force,’ they added

LONDON: Lockheed Martin on Friday announced its participation in and sponsorship of the Bahrain International Airshow 2024. The company will have a stand in the exhibition hall and a dedicated chalet at the event.

“A relationship spanning decades, Bahrain was the first country in the region to adopt Lockheed Martin’s F-16 aircraft, for the Royal Bahraini Air Force, and in early 2023 became the first country in the world to receive delivery of the first F-16 Block 70 fighter jet from the manufacturer,” UK-based airshow consultancy Farnborough International said.

The contract was signed at the Paris Air Show by Yousif Mahmoud, the director-general of the Bahrain International Airshow, and Craig Spyhalski, international air and show trade lead at Lockheed Martin. Bahrain’s Minister of Transportation and Telecommunication Mohammed Al-Kaabi was also present

The airshow, which will take place from Nov. 13 to 15 at Sakhir Airbase in Bahrain, is organized by the Bahraini Ministry of Transportation and Telecommunications and the Royal Bahraini Air Force, in association with Farnborough International.

It is designed to reflect the demands of the aerospace and defense industry and will harness global expertise to provide crucial thought leadership and insight, Farnborough International said.

“Now in its seventh year, BIAS has cemented itself as a must-attend biennial event in the aerospace and defense industry, renowned for bringing the best and brightest of the aerospace industry in an intimate platform to do business,” the organization added.

The airshow is held under the patronage of Bahrain’s King Hamad, and under the supervision of Sheikh Abdullah bin Hamad, the personal representative of the king and the chairman of the event’s Supreme Organizing Committee.


Closing Bell: Saudi main index closes in red at 10,847

Updated 25 February 2026
Follow

Closing Bell: Saudi main index closes in red at 10,847

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 58.51 points, or 0.54 percent, to close at 10,847.93.

The total trading turnover of the benchmark index was SR3.78 billion ($1 billion), as 73 of the listed stocks advanced, while 187 retreated.

The MSCI Tadawul Index decreased, down 7.09 points or 0.48 percent, to close at 1,472.98.

The Kingdom’s parallel market Nomu lost 178.75 points, or 0.77 percent, to close at 22,916.83. This comes as 30 of the listed stocks advanced, while 37 retreated.

The best-performing stock was the Power and Water Utility Co. for Jubail and Yanbu, with its share price surging by 8.47 percent to SR31.24.

Other top performers included Saudi Paper Manufacturing Co., which saw its share price rise by 6.13 percent to SR53.70, and Jamjoom Pharmaceuticals Factory Co., which saw a 4.58 percent increase to SR137.

On the downside, the worst performer of the day was CHUBB Arabia Cooperative Insurance Co., whose share price fell by 5.14 percent to SR17.53.

Saudi Kayan Petrochemical Co. and Arabian Internet and Communications Services Co. also saw declines, with their shares dropping by 4.87 percent and 4.43 percent to SR4.88 and SR181.40, respectively.

On the announcement front, Saudi Kayan Petrochemical Co. announced its annual financial results for 2025, with sales dropping 3.06 percent year-on-year to SR8.45 billion. The company also recorded a net loss of SR893.86 million.

In a Tadawul statement, the company said the net loss and decline in annual sales were driven by a drop in average selling prices, despite higher sales volumes.