Saudi businesses step up AI use as adoption reaches 27.6%: GASTAT 

The information and communications sector recorded the highest uptake of AI technologies at 52.8 percent, followed by finance and insurance at 44.7 percent and education at 42.1 percent, the General Authority for Statistics said in its Establishments’ ICT Access and Usage Statistics 2024 report. File
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Updated 28 December 2025
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Saudi businesses step up AI use as adoption reaches 27.6%: GASTAT 

RIYADH: Artificial intelligence adoption among businesses in Saudi Arabia rose to 27.6 percent in 2024, reflecting a steady expansion in the use of advanced digital tools across the Kingdom’s private sector, according to official data. 

The information and communications sector recorded the highest uptake of AI technologies at 52.8 percent, followed by finance and insurance at 44.7 percent and education at 42.1 percent, the General Authority for Statistics said in its Establishments’ ICT Access and Usage Statistics 2024 report. 

This data underscores the growing digital maturity of the Kingdom’s private sector, with certain industries leading the transition toward advanced technologies.   

The professional services sector showed a notable 39.2 percent adoption rate, while other sectors, such as real estate at 28.2 percent, wholesale and retail trade at 25 percent, and manufacturing at 26 percent, reflected varying levels of engagement with AI tools.    

In contrast, sectors like construction at 25.8 percent, human health and social work at 29.9 percent, and arts, entertainment and recreation at 20.1 percent lagged behind, highlighting differences in AI integration across the economy.   

Other sectors showing moderate uptake of AI technologies include transportation and storage at 38.3 percent and mining and quarrying at 32.4 percent.   

Meanwhile, industries such as administrative and support services at 25.2 percent, and electricity and gas supply at 25.7 percent, reported lower levels of AI adoption compared to digital frontrunners.    

The report also revealed that internet access among establishments across Saudi Arabia reached 98 percent in 2024, marking a 0.3 percentage point increase over the previous year.    

Social media usage was reported by 63 percent of establishments, and 76.3 percent of businesses used internet platforms to conduct electronic banking transactions.   

In addition to AI, the adoption of cloud computing technologies grew significantly. A total of 46.8 percent of establishments reported using cloud services, with the most common uses being ready-made office applications at 53.5 percent, email services at 50.3 percent, and file storage at 41.1 percent. 

Meanwhile, Internet of Things technologies were widely employed for building security at 68.4 percent, energy management at 36.5 percent, and maintenance purposes at 21.1 percent.  

The Establishments’ ICT Access and Usage Survey is conducted using internationally aligned methodologies and follows the Statistical Business Process Guide and standards set by the UN Conference on Trade and Development, GASTAT stated.  


Closing Bell: Saudi stocks slip as Tadawul falls 1% amid broad market weakness

Updated 30 December 2025
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Closing Bell: Saudi stocks slip as Tadawul falls 1% amid broad market weakness

RIYADH: Saudi stocks fell sharply on Tuesday, with the Tadawul All Share Index closing down 108.14 points, or 1.03 percent, at 10,381.51.

The broader decline was reflected across major indices. The MSCI Tadawul 30 Index slipped 0.78 percent to 1,378.00, while Nomu, the parallel market index, fell 1 percent to 23,040.79.

Market breadth was strongly negative on the main board, with 237 stocks falling compared to just 24 gainers. Trading activity remained robust, with 164.7 million shares changing hands and a total traded value of SR3.19 billion ($850.6 million).

Among the gainers, SEDCO Capital REIT Fund led, rising 2.73 percent to SR6.77, followed by Chubb Arabia Cooperative Insurance Co., which gained 2.69 percent to SR20.20.

National Medical Care Co. added 1.72 percent to close at SR141.60, while Alyamamah Steel Industries Co. and Thimar Advertising, Public Relations and Marketing Co. advanced 1.57 percent and 1.13 percent, respectively.

Losses were led by Al Masar Al Shamil Education Co., which tumbled 8.36 percent to SR24.65. Raoom Trading Co.fell 6.75 percent to SR64.20, while Alkhaleej Training and Education Co. dropped 6.60 percent to SR18.12 and Naqi Water Co. declined 5.51 percent to SR54.00. Gulf General Cooperative Insurance Co. closed 5.44 percent lower at SR3.65.

On the announcement front, Chubb Arabia Cooperative Insurance Co. signed a multiyear insurance agreement with Saudi Electricity Co. to provide various coverages, expected to positively impact its financial results over the 2025–2026 period. The deal will run for three years and two months and is within the company’s normal course of business.

Meanwhile, Bupa Arabia for Cooperative Insurance Co. announced a one-year health insurance contract with Saudi National Bank, valued at SR330.2 million, covering the bank’s employees and their families from January 2026. Despite the sizable contract, Bupa Arabia shares fell 0.8 percent to close at SR137, weighed down by the broader market weakness.

In contrast, United Cooperative Assurance Co. revealed an extension of its engineering insurance agreement with Saudi Binladin Group for the Grand Mosque expansion in Makkah. The contract value exceeds 20 percent of the company’s gross written premiums based on its latest audited financials and is expected to support results through 2026. However, the stock came under selling pressure, ending the session down 4.51 percent at SR3.39.