Top-level Saudi delegation to attend UN forum on SDGs in New York

The forum will be held from July 10-19 and focus on accelerating the recovery from the coronavirus disease and fully implementing the 2030 Agenda for Sustainable Development. (Shutterstock)
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Updated 06 July 2023
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Top-level Saudi delegation to attend UN forum on SDGs in New York

RIYADH: A Saudi delegation of top ministers, government officials and business leaders will take part at the UN High-level Political Forum next week as representatives from over 100 countries gather in New York to assess the progress of the Sustainable Development Goals.

The forum will be held from July 10-19 and focus on accelerating the recovery from the coronavirus disease and fully implementing the 2030 Agenda for Sustainable Development, aimed at ending poverty in all forms.

It will discuss the effective and inclusive recovery measures to address the impacts of the COVID-19 pandemic on the SDGs and explore actionable policy guidance for the full implementation of the 2030 agenda and the SDGs at all levels, according to its website.

Saudi Minister of Economy and Planning Faisal Alibrahim will lead the delegation, comprising representatives from 22 government entities, private sector companies and nonprofit organizations.

According to a press statement, Saudi Arabia will submit its second Voluntary National Review report on progress in its commitment to SDGs at the forum.

The VNR is a mechanism established by the UN for countries to voluntarily report on their progress in implementing the SDGs.

During the VNR, countries are expected to share their experiences, including successes, challenges and lessons learned, to accelerate the implementation of the 2030 Agenda.

The Saudi delegation will also include Minister of Energy Prince Abdulaziz bin Salman, Minister of Foreign Affairs Prince Faisal bin Farhan, Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley and Minister of Tourism Ahmed Al-Khateeb. 

Launched in 2015, the event will host panel discussions and exhibitions of various Saudi entities, including the Public Investment Fund, the Saudi Arabian Oil Co., Saudi Basic Industries Corp. and NEOM.

The Kingdom has been participating in the event since 2018. It will share its experiences and achievements in sustainable development, including various efforts it takes to achieve its net-zero target of 2060. 

Achieving sustainability is a key agenda in Saudi Arabia’s Vision 2030 goals, as the Kingdom aims to increase its domestic generation capacity from renewable energy to 50 percent by the end of this decade.


Closing Bell: Saudi stocks slip as Tadawul falls 1% amid broad market weakness

Updated 30 December 2025
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Closing Bell: Saudi stocks slip as Tadawul falls 1% amid broad market weakness

RIYADH: Saudi stocks fell sharply on Tuesday, with the Tadawul All Share Index closing down 108.14 points, or 1.03 percent, at 10,381.51.

The broader decline was reflected across major indices. The MSCI Tadawul 30 Index slipped 0.78 percent to 1,378.00, while Nomu, the parallel market index, fell 1 percent to 23,040.79.

Market breadth was strongly negative on the main board, with 237 stocks falling compared to just 24 gainers. Trading activity remained robust, with 164.7 million shares changing hands and a total traded value of SR3.19 billion ($850.6 million).

Among the gainers, SEDCO Capital REIT Fund led, rising 2.73 percent to SR6.77, followed by Chubb Arabia Cooperative Insurance Co., which gained 2.69 percent to SR20.20.

National Medical Care Co. added 1.72 percent to close at SR141.60, while Alyamamah Steel Industries Co. and Thimar Advertising, Public Relations and Marketing Co. advanced 1.57 percent and 1.13 percent, respectively.

Losses were led by Al Masar Al Shamil Education Co., which tumbled 8.36 percent to SR24.65. Raoom Trading Co.fell 6.75 percent to SR64.20, while Alkhaleej Training and Education Co. dropped 6.60 percent to SR18.12 and Naqi Water Co. declined 5.51 percent to SR54.00. Gulf General Cooperative Insurance Co. closed 5.44 percent lower at SR3.65.

On the announcement front, Chubb Arabia Cooperative Insurance Co. signed a multiyear insurance agreement with Saudi Electricity Co. to provide various coverages, expected to positively impact its financial results over the 2025–2026 period. The deal will run for three years and two months and is within the company’s normal course of business.

Meanwhile, Bupa Arabia for Cooperative Insurance Co. announced a one-year health insurance contract with Saudi National Bank, valued at SR330.2 million, covering the bank’s employees and their families from January 2026. Despite the sizable contract, Bupa Arabia shares fell 0.8 percent to close at SR137, weighed down by the broader market weakness.

In contrast, United Cooperative Assurance Co. revealed an extension of its engineering insurance agreement with Saudi Binladin Group for the Grand Mosque expansion in Makkah. The contract value exceeds 20 percent of the company’s gross written premiums based on its latest audited financials and is expected to support results through 2026. However, the stock came under selling pressure, ending the session down 4.51 percent at SR3.39.