Riyadh Air targets digital innovation, global expansion

Riyadh Air CEO Tony Douglas speaking at the Public Investment Fund Private Sector Forum. Screenshot
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Updated 12 February 2025
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Riyadh Air targets digital innovation, global expansion

RIYADH: Riyadh Air is enhancing the travel experience by leveraging digital technology to simplify bookings and airport procedures, catering to Saudi Arabia’s young and tech-savvy population, its CEO said. 

Speaking at the Public Investment Fund Private Sector Forum, Tony Douglas highlighted Saudi Arabia’s young population, noting its high iOS usage per capita and strong digital-native environment. 

Expected to start operations later this year, the new national carrier — backed by Saudi Arabia’s Public Investment Fund — aims to connect over 100 international cities by 2030 and contribute more than $20 billion to the Kingdom’s economy. 

“We are a new airline unencumbered by legacy,” Douglas said, emphasizing Riyadh Air’s digital-first approach. He compared the airline’s booking experience to e-commerce platforms like Noon.com and Amazon, allowing passengers to bundle multiple tickets in a single transaction. 

Riyadh Air is also exploring biometric verification to replace traditional travel documents. 

“Your face is the transaction receipt. Going forward, the face will be the ticket when you go through the airport,” Douglas said. “Your face then becomes your passport.” 

By integrating facial recognition into airport processes, Riyadh Air aims to streamline passenger journeys and set a new benchmark for digital transformation in aviation. 

The airline has already secured major partnerships, including a deal with Delta Air Lines. Douglas highlighted the speed of the agreement, noting that Delta’s CEO Ed Bastian finalized the partnership within 30 days of visiting Saudi Arabia — an unprecedented timeline in the industry.  

He said the warmth of the Kingdom and the opportunity here played a key role, adding: “We want to bring as many people here directly as possible so they can see for themselves.” 

Riyadh Air has also partnered with Singapore Airlines, known for its industry-leading customer service. 

“We did it again to set the bar absolutely where it should be, with the Kingdom’s new national carrier, working with the global A-listers,” Douglas noted. 

The airline is making significant local investments, including a SR2.3 billion ($613.2 million) catering contract with CATRION and a fuel and sustainability deal with Aramco. 

Riyadh Air’s fleet expansion is underway, with its first Boeing 787-9 Dreamliner, Jamila, set to be joined by additional aircraft later this year.  

“We’re currently engaged in what we would call an extra wide-body campaign,” Douglas said, hinting at an upcoming aircraft order announcement in the second quarter of this year. 

The airline is also prioritizing Saudi talent, with plans to recruit tens of thousands of pilots, cabin crew, and support staff. 

“Wherever possible, where it’s capability driven and commercially appropriate, we will always favor going Saudi first,” Douglas said.   

He positioned Riyadh Air as a key enabler of Saudi Arabia’s Vision 2030, aiming to improve global connectivity and facilitate international business and tourism.   

“Importantly, we want to connect all of you, your friends, your family, your colleagues, to the world, and of course, for the world to have better connectivity to the Kingdom of Saudi Arabia,” he said. 


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.