Saudi Arabia launches first Cairo-Arar international flights 

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The new route underscores Saudi Arabia’s ambition to become a key aviation hub, connecting the East and West. SPA
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The new route underscores Saudi Arabia’s ambition to become a key aviation hub, connecting the East and West. SPA
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The new route underscores Saudi Arabia’s ambition to become a key aviation hub, connecting the East and West. SPA
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The new route underscores Saudi Arabia’s ambition to become a key aviation hub, connecting the East and West. SPA
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The new route underscores Saudi Arabia’s ambition to become a key aviation hub, connecting the East and West. SPA
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Updated 18 August 2024
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Saudi Arabia launches first Cairo-Arar international flights 

  • New service, announced by Cluster 2 Airports Co., connects Cairo International Airport with Arar Airport
  • It aims to boost passenger traffic between the Kingdom and Egypt and strengthen trade and cultural ties

RIYADH: Saudi Arabia has launched its first international flight route from Cairo to Arar, the Kingdom’s capital of the Northern Borders Province, strengthening its position as a major regional aviation hub. 

The new service, announced by Cluster 2 Airports Co., connects Cairo International Airport with Arar Airport, aiming to boost passenger traffic between Saudi Arabia and Egypt and strengthen trade and cultural ties. 

The launch, overseen by Prince Faisal bin Khalid bin Sultan, governor of the Northern Borders Region, marks a major expansion in the Kingdom’s air connectivity. The event was attended by senior officials from the airport company, representatives from Egypt’s Nile Air, and various government agencies, the Saudi Press Agency reported. 

This development aligns with Saudi Arabia's Vision 2030, which aims to boost the Kingdom's flight route capacity and attract over 150 million visitors by 2030. The new route underscores Saudi Arabia's ambition to become a key aviation hub, connecting the East and West. 

Ali Masrahi, CEO of Cluster 2 Airports Co., described the route’s launch as a milestone in the company’s transportation and logistics strategy, reflecting its commitment to the National Aviation Strategy. He highlighted the initiative's role in advancing airport infrastructure and enhancing passenger services. 

Masrahi also expressed gratitude to the regional governor for his support in attracting more international flights to Arar International Airport and improving the passenger experience across air facilities in the Northern Borders region. 

Cluster 2 Airports Co., which manages 22 domestic and international airports in Saudi Arabia, continues to expand its global flight network. 

The firm reached a new passenger milestone in July, processing 1.73 million travelers, a 9 percent increase from the previous record set in July 2019. 

Operating facilities such as AlUla International, King Abdullah bin Abdulaziz Airport in Jazan, and King Saud bin Abdulaziz Airport in the Al-Bahah region, the government-run company is experiencing increased traffic as part of its strategy to enhance network sustainability, boost tourism, and improve operational efficiency. 

This growth reflects the broader trend in Saudi Arabia’s air traffic, which increased by 17 percent in the first half of 2024, reaching 62 million passengers compared to 53 million in the same period last year, according to the General Authority of Civil Aviation.


Closing Bell: Saudi main index extends gains as market opens wider to foreign investment

Updated 02 February 2026
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Closing Bell: Saudi main index extends gains as market opens wider to foreign investment

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Monday, gaining 153.61 points, or 1.38 percent, to close at 11,321.09.

The total trading turnover of the benchmark index was SR5.85 billion ($1.56 billion), as 207 of the listed stocks advanced, while 55 retreated.

The MSCI Tadawul Index increased, up 21.20 points or 1.41 percent, to close at 1,524.18.

The Kingdom’s parallel market Nomu gained 278.13 points, or 1.17 percent, to close at 24,013.03. This comes as 43 of the listed stocks advanced, while 29 retreated.

The best-performing stock was Saudi Pharmaceutical Industries and Medical Appliances Corp., with its share price surging by 7.26 percent to SR28.94.

Other top performers included Rasan Information Technology Co., which saw its share price rise by 6.51 percent to SR144, and Knowledge Economic City, which saw a 6.25 percent increase to SR13.09.

On the downside, the worst performer of the day was Najran Cement Co., whose share price fell by 2.11 percent to SR6.49.

Almasane Alkobra Mining Co. and Saudi Cable Co. also saw declines, with their shares dropping by 2 percent and 1.88 percent to SR103.10 and SR166.80, respectively.

On the announcement front, Riyad Bank has announced its annual financial results for 2025, with the total income from special commission of financing reaching SR24.1 billion, while net income from special commission of financing amounted to SR12 billion.

In a statement on Tadawul, the bank said: “Net income increased by 11.7 percent mainly due to an increase in total operating income and a decrease in total operating expenses.”

The bank further noted that the rise in total operating income was primarily driven by increased revenue from fees and commissions, trading activities, special commissions, gains on non-trading investments, and other operating sources. This growth was partially tempered by declines in exchange and dividend income.

“Net provision of expected credit losses and other losses decreased by 15.8 percent due to a decrease in impairment charge of credit losses and impairment charge for other financial assets, partially offset by an increase in impairment charge for investments,” it added.

RIBL’s share price closed at SR18.18 on the main market, marking a 1.43 percent increase.