Saudi Arabia clears VistaJet as first foreign private jet operator 

This milestone supports GACA’s General Aviation Roadmap under the National Transport and Logistics Strategy. X/@ksagaca
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Updated 20 August 2025
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Saudi Arabia clears VistaJet as first foreign private jet operator 

JEDDAH: Malta-based VistaJet is set to become the first foreign private jet operator allowed to fly domestic routes in Saudi Arabia, after regulators lifted cabotage restrictions to liberalize the Kingdom’s skies. 

VistaJet’s approval comes less than four months after Saudi regulators, on May 1, scrapped rules that had barred international charter operators from offering domestic services — a move aimed at stimulating competition, improving service quality, and expanding the private aviation segment. 

The decision, announced by the General Authority of Civil Aviation, marks a major step in liberalizing Saudi Arabia’s general aviation market as the Kingdom works to attract global investment and boost competitiveness under its Vision 2030 economic transformation plan. 

Awad Al-Sulami, executive vice president for economic policies and logistics services at GACA, said: “Authorizing VistaJet as the first international private jet operator for domestic operations in the Kingdom is a milestone in enhancing the general aviation market in Saudi Arabia.” 

He added: “This step will foster greater competition, stimulate sector growth, and raise the quality of services for private aviation customers in the Kingdom and across the region.” 

VistaJet, which operates under a Maltese air operator certificate and is part of Dubai-headquartered Vista Global Holding, welcomed the decision as a breakthrough for the sector. 

“We are delighted to be working with the Kingdom of Saudi Arabia and GACA, reinforcing our commitment to offering clients reliable, flexible and trusted flying solutions through our global and regional infrastructure,” said Mazen Obaid, president — Middle East at Vista. 

He added: “As a Saudi myself, I am extremely proud and excited for this new venture, and of all the opportunities that I know we can achieve together. We very much look forward to hiring many local experts and investing locally.” 

The move supports GACA’s General Aviation Roadmap under the National Transport and Logistics Strategy, which seeks to position Saudi Arabia as the Middle East’s top aviation hub by 2030 and a global logistics connector between Asia, Africa, and Europe. 


Closing Bell: Saudi main index closes in red at 10,414 

Updated 17 December 2025
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Closing Bell: Saudi main index closes in red at 10,414 

RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower on Wednesday, shedding 38.85 points, or 0.37 percent, to finish at 10,414.06. 

Total trading turnover on the benchmark index reached SR3.46 billion ($920 million), with 123 stocks advancing and 134 declining. 

The Kingdom’s parallel market Nomu also shed 41.61 points, or 0.18 percent, to close at 23,428.67. 

The MSCI Tadawul Index edged down 0.45 percent to 1,368.36. 

Arabian Drilling Co. was the best-performing stock on the main market, with its share price rising 6.8 percent to SR102.90. 

Naqi Water Co. gained 4.30 percent to SR58.25, while Saudi Ground Services Co. advanced 3.78 percent to SR38.42. 

Tihama Advertising, Public Relations and Marketing Co. saw its share price fall 4.95 percent to SR16.31. 

AlAhli REIT Fund 1 also declined 3.53 percent to SR6.29. 

On the announcements front, United Mining Industries Co., listed on the parallel market, said it has begun commercial production of gypsum board at its plant in Yanbu. 

In a Tadawul statement, the company said the financial impact of the project’s commercial production will be reflected in the first quarter of 2026. 

United Mining Industries Co.’s share price was unchanged, closing at SR42.54.  

Dkhoun National Trading Co. said its shareholders approved the board’s recommendation to distribute interim dividends on a semi-annual or quarterly basis for 2025. 

According to a Tadawul statement, shareholders also approved transferring the balance of the company’s statutory reserve, valued at SR2.43 million, to retained earnings. 

Dkhoun National Trading Co.’s shares saw no trades and closed at SR65.