Saudi Arabia signs mining cooperation MoUs with Chile, Canada, and Brazil 

The signings took place on the sidelines of the Fifth International Ministerial Meeting of Ministers Responsible for Mining Affairs. SPA
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Updated 14 January 2026
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Saudi Arabia signs mining cooperation MoUs with Chile, Canada, and Brazil 

RIYADH: Saudi Arabia’s Ministry of Industry and Mineral Resources signed three international memoranda of understanding for cooperation in the field of mineral resources with Chile, Canada, and Brazil. 

The signings took place on the sidelines of the Fifth International Ministerial Meeting of Ministers Responsible for Mining Affairs, held as part of the Fifth Future Minerals Forum hosted by Riyadh from Jan. 13 to 15. 

This step reflects the Kingdom's efforts to expand its international partnerships and strengthen frameworks for technical and investment cooperation in the mining and minerals sector, serving common interests and supporting the sustainable development of mineral resources.  

The signing ceremonies included the conclusion of an MoU with the Ministry of Mines of the Republic of Chile for cooperation in the field of mineral resources, an MoU with the Department of Natural Resources of Canada for cooperation in the field of mineral resources, and the conclusion of an MoU with the Ministry of Mines and Energy of the Federative Republic of Brazil for cooperation in the field of mineral resources. 

It is worth noting that the fifth edition of the International Ministerial Meeting recorded the highest level of international representation of its kind globally, with the participation of more than 100 countries, including all G20 members and the EU, as well as 59 multilateral organizations, industry associations, and non-governmental organizations.  

This reflects the prominent position the Ministerial Meeting has attained as a leading international platform for coordinating visions, building partnerships, and developing practical solutions to the challenges facing the global mining and minerals sector. 


Closing Bell: Saudi main index closes in green at 11,382 

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Closing Bell: Saudi main index closes in green at 11,382 

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Tuesday, gaining 111.21 points, or 0.99 percent, to close at 11,381.83. 

The total trading turnover of the benchmark index was SR6.37 billion ($1.70 billion), as 204 of the listed stocks advanced, while 56 retreated. 

The MSCI Tadawul Index also rose, adding 13.85 points, or 0.91 percent, to close at 1,533.33. 

The Kingdom’s parallel market Nomu gained 8.39 points, or 0.04 percent, to close at 23,749.38. This came as 30 of the listed stocks advanced, while 45 retreated. 

The best-performing stock was East Pipes Integrated Co. for Industry, with its share price surging 9.94 percent to SR146. 

Other top performers included Tourism Enterprise Co., which saw its share price rise by 9.93 percent to SR14.17, and Thob Al Aseel Co., which saw a 7.84 percent increase to SR3.99. 

On the downside, Saudi Arabian Mining Co. was among the weaker performers, with its share price falling 2.64 percent to SR77.40. 

Saudi Paper Manufacturing Co. saw its shares fall 2.54 percent to SR57.50, while Yamama Cement Co. declined 2.07 percent to SR27.40. 

On the announcements front, Future Vision for Health Training Co. signed a two-year cooperation agreement with King Saud University aimed at strengthening links between academia and professional readiness. 

According to a Tadawul statement, the partnership focuses on the joint development and execution of specialized training programs for university students, aiming to enhance their practical skills and employability. 

The initiative includes coordinated efforts in training design, academic supervision, and program evaluation, with the goal of better preparing graduates for the labor market. 

The agreement, which is renewable by mutual consent, is expected to start generating a positive financial impact in the second half of 2026. The company said no related parties are involved in the deal. 

The company’s share price closed at SR7.30 on Nomu, marking a 1.39 percent decrease.