Box office revenue tops Saudi cinema with $83m in Q2 

This surge was driven by the momentum of Eid al-Fitr films, most notably the second installment of the “Shabab Al-Bomb” series. AL-EQTISADIAH
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Updated 30 November 2025
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Box office revenue tops Saudi cinema with $83m in Q2 

JEDDAH: Saudi box office data released by the Saudi Film Commission for 2025 showed a clear shift in revenue trends, culminating in the exceptional performance of the second quarter, which topped the year with a total of SR311.9 million ($83 million).

This surge was driven by the momentum of Eid al-Fitr films, most notably the second installment of the “Shabab Al-Bomb” series. April sales reached SR94.7 million, rising to SR98.7 million in May before closing June at SR118.5 million — the highest monthly total of the year. 

In comparison, the third quarter delivered a solid performance with revenues reaching SR296.5 million, according to Al-Eqtisadiah’s analysis of Film Commission data from June 29 to Sept. 27, 2025.  

This was driven by the peak of the summer season, particularly the film “Formula 1: The Rise of the Rising Stars” starring Brad Pitt. July’s screenings, the longest in the month (June 29 to Aug. 2), generated SR137 million, followed by a decline in August (Aug. 3 to 30) to SR90.9 million. The decline continued in September (Aug. 31 to Sept. 27) to SR68.6 million, coinciding with the start of the school year. 

First quarter revenues 

The first quarter was the weakest, totaling SR136.2 million, despite a strong start supported by the continued screenings of the Saudi film “Hobal” and the Egyptian title “El Hana Elly Ana Fih.” January alone recorded SR82.9 million before revenues fell to SR38.3 million in February and then to a low of SR15 million in March. 

During the first half of 2025, Saudi box office revenues reached SR448.1 million, with 9.1 million tickets sold across various cities. Growth was supported by the expansion of cinemas, which by midyear reached 65 theaters with 635 screens across 20 cities, alongside the strong performance of local productions. “Shabab Al-Bomb 2” topped the box office for the period, followed by “Hobal,” “Is’af,” and “Fakhr Al-Suwaidi.” 


ESG sukuk set to exceed $70bn by 2026 end: Fitch 

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ESG sukuk set to exceed $70bn by 2026 end: Fitch 

RIYADH: The global market for environmental, social and governance sukuk is on track to exceed $70 billion in outstanding value by the end of 2026, supported by refinancing needs, funding diversification and sustainability mandates, according to Fitch Ratings. 

Momentum in ESG sukuk issuance is expected to continue as net-zero targets, the prospect of lower interest rates and oil prices, and expanding regulatory frameworks encourage issuers across emerging markets, the ratings agency said in a report published this month. 

ESG sukuk are structured to finance environmentally and socially sustainable projects, including renewable energy, clean transportation and climate-resilient infrastructure. 

Earlier this month, a separate report by S&P Global set out similar views, noting that ESG sukuk issuance is set to accelerate as Gulf Cooperation Council countries step up climate transition efforts and roll out incentives for sustainable practices. 

Commenting on the Fitch report, Bashar Al-Natoor, global head of Islamic finance at the agency, said: “We expect ESG sukuk to maintain its solid momentum into 2026, supported by sustainability mandates, net-zero targets, new frameworks, robust demand, along with the upcoming Turkiye-hosted COP31.” 

He added: “While evolving Shariah and ESG requirements, geopolitical tensions and greenwashing remain key risks, the credit profile is robust: 92 percent of rated ESG sukuk are investment grade, all issuers have Stable Outlooks, and there have been no defaults.” 

According to Fitch, ESG sukuk accounted for around 40 percent of emerging-market ESG debt issuance in US dollar terms in 2025, up from 18 percent in 2024. 

Global ESG sukuk issuance rose more than 60 percent year on year to $18.5 billion in 2025, with Saudi Arabia accounting for 33 percent of the total. 

Malaysia followed with a 28 percent share, while the UAE and Indonesia accounted for 19 percent and 9 percent, respectively. 

Outstanding ESG sukuk reached $58 billion at the end of 2025, representing a 30 percent year-on-year increase. 

The report noted that social sukuk are also gaining traction globally, alongside sustainability-linked, orange and climate sukuk. 

Recent developments include Pakistan issuing its first sovereign green sukuk and Oman Electricity Transmission Co. SAOC launching Oman’s first ESG sukuk. 

Highlighting regulatory progress, Fitch said Malaysia has granted tax exemptions for Sustainable and Responsible Investment sukuk under its income tax rules. 
 
“Saudi Arabia’s Capital Market Authority issued guidelines for green, social, sustainable and sustainability-linked debt, while Qatar’s central bank launched a Sustainable Finance Framework. In addition, the UAE’s central bank has begun developing a Sustainable Islamic M-Bills program,” the agency said.