Saudi Arabia sees 14.6% rise in container traffic in 2023: GASTAT 

According to the General Authority for Statistics, inbound container traffic at the Kingdom’s ports reached 3.4 million twenty-foot equivalent units in 2023, while outbound traffic totaled 2.2 million TEUs. Shutterstock
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Updated 18 September 2024
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Saudi Arabia sees 14.6% rise in container traffic in 2023: GASTAT 

RIYADH: Saudi Arabia’s ports saw a 14.6 percent increase in both inbound and outbound container traffic in 2023 compared to the previous year, official data showed. 

According to the General Authority for Statistics, inbound container traffic at the Kingdom’s ports reached 3.4 million twenty-foot equivalent units in 2023, while outbound traffic totaled 2.2 million TEUs. 

The report revealed that the quantity of outbound cargo amounted to 203.5 million tonnes in 2023, a strong indication of the Kingdom’s rising exports. King Fahad Industrial Port in Yanbu handled the largest volume of outbound cargo, totaling 89.8 million tonnes. 

Boosting exports, particularly non-oil goods, is crucial for Saudi Arabia as it continues its economic diversification efforts aimed at reducing its dependency on oil revenues. 

The quantity of inbound cargo reached 105.1 million tonnes in 2023, with Jeddah Islamic Port managing the largest share, handling 38.9 million tonnes of imports. 

GASTAT also noted a 33.8 percent rise in ship traffic at Saudi ports in 2023 compared to the previous year. 

“The total ship traffic at Saudi ports was 19,082 ships. King Fahad Industrial Port in Yanbu had the highest ship traffic, with 6,538 ships, followed by Jeddah Islamic Port with 4,411 ships, and King Abdulaziz Port in Dammam with 2,516 ships,” stated GASTAT.  

Total cargo handled at the Kingdom’s ports in 2023 amounted to 334 million tonnes, with 121.3 million tonnes of unloaded cargo and 213 million tonnes of loaded cargo.  

Jeddah Islamic Port recorded the highest unloaded cargo volume at 38.9 million tonnes, while King Fahad Industrial Port in Yanbu had the highest loaded cargo volume at 89.8 million tonnes. 

Passenger traffic at the Kingdom’s ports also rose by 11.5 percent in 2023, with over 1 million travelers arriving and departing. Jazan Port handled the largest number of passengers, totaling 484,598. 

The report highlighted that the number of cranes at Saudi ports reached 989 in 2023, and the total area of the Kingdom’s ports covered 104 sq. km, with Ras Al Khair Port being the largest at 23 sq. km. 


Closing Bell: Saudi main index slips to close at 10,588 

Updated 14 December 2025
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Closing Bell: Saudi main index slips to close at 10,588 

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 127.15 points, or 1.19 percent, to close at 10,588.83. 

The total trading turnover of the benchmark index was SR2.57 billion ($685 million), as 28 of the stocks advanced and 232 retreated.    

Similarly, the Kingdom’s parallel market Nomu lost 108.53 points, or 0.46 percent, to close at 23,719.13. This comes as 22 of the stocks advanced while 47 retreated.    

The MSCI Tadawul Index lost 17.17 points, or 1.22 percent, to close at 1,393.34.     

The best-performing stock of the day was Sport Clubs Co., whose share price surged 3.69 percent to SR9.00.   

Other top performers included Flynas Co., whose share price rose 2.55 percent to SR72.30, as well as National Industrialization Co., whose share price surged 2.13 percent to SR10.09. 

Consolidated Grunenfelder Saady Holding Co. recorded the most significant drop, falling 6.61 percent to SR8.90. 

Sustained Infrastructure Holding Co. also saw its stock prices fall 5.75 percent to SR30.82. 

CHUBB Arabia Cooperative Insurance Co. also saw its stock prices decline 5.72 percent to SR22.40. 

On the announcements front, Wataniya Insurance Co. said it has received a notice of award for a one-year contract with Saudi National Bank to provide general insurance as well as protection and savings insurance services, in line with agreed terms and conditions. 

According to a Tadawul statement, coverage will begin on Jan. 1, 2026. The contract value exceeds 15 percent of the company’s total revenues, based on its latest audited financial statements for 2024.  

Wataniya Insurance Co. ended the session at SR14.35, up 1.92 percent. 

Fawaz Abdulaziz Alhokair Co., or Cenomi Retail, has announced executing a SR1.5 billion facility agreement structured as a short-term loan with Emirates NBD – Kingdom of Saudi Arabia. A bourse filing revealed that the financing duration is three years with an option to extend for a total of two years. 

Cenomi Retail ended the session at SR20.00, up 0.26 percent. 

First Milling Co. has announced the Board of Directors’ recommendation to amend the firm’s bylaws Article “Company Management” to increase the number of board members from seven to eight. This change reflects the firm’s commitment to broadening the range of expertise and skills on its board, in line with its growth and expansion plans for the next phase. 

The company reiterated its commitment to fulfilling all necessary procedures and obtaining approvals from the relevant authorities. The recommendation will be submitted to the upcoming General Assembly, with the date to be announced in due course. 

First Milling Co. ended the session at SR49.22, down 1.06 percent.