Royal Commission for Riyadh City, RLC Global Forum announce strategic partnership

RLC Global Forum in 2025. Supplied
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Updated 03 February 2026
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Royal Commission for Riyadh City, RLC Global Forum announce strategic partnership

  • Partnership reinforces Riyadh’s role as a global hub for retail leadership, investment, and economic transformation
  • Forum set for Feb. 3–4 will gather top business luminaries and decision-makers

RIYADH: The Royal Commission for Riyadh City and RLC Global Forum have announced a strategic partnership, reinforcing the Saudi capital's position as a global platform for retail leadership, investment, and economic transformation.

Under the partnership, the RCRC will serve as title partner and a principal public-sector partner, supporting alignment between the RLC Global Forum’s agenda and Riyadh’s development priorities, while bringing global perspectives in line with Saudi Arabia’s transformation agenda.

“Retail is an important enabler of Riyadh’s economic and urban future,” said Martyn Davies, head of city excellence at the RCRC.

“This partnership reflects our focus on building globally competitive systems that support investment, productivity, and long-term city performance in line with the objectives of Vision 2030,” he added

“Riyadh has emerged as one of the most consequential cities globally for the future of retail, lifestyle, and urban innovation,” said Panos Linardos, chairman of RLC Global Forum.

“Our partnership with the RCRC ensures that the forum elevates global discourse while directly advancing the Kingdom’s transformation agenda,” added Linardos.

The Fashion Commission and RLC Global Forum have also announced a strategic collaboration that will bring together leading figures from the fashion, retail, investment, and policymaking sectors in Riyadh, reinforcing the city’s position as a global hub for dialogue and for shaping the future of the fashion and retail industries.

The forum will connect leaders from fashion houses, retail groups, investment institutions, and government entities, fostering dialogue that links creativity with economic growth and supports the sector’s long-term development.

Burak Cakmak, CEO of the Fashion Commission, said: “Fashion today is deeply connected to global culture, capital, and influence. 

“This collaboration creates a space for meaningful dialogue between international leaders and the wider fashion ecosystem. 

“It reflects our commitment to building a globally engaged, future focused fashion sector that is open, connected, and ready for long-term growth.”

The RLC Global Forum is taking place on February 3 and 4 at the Fairmont Riyadh under the strategic theme “Growth Crossroads.”

The 2026 forum will explore six defining themes that capture the transformation reshaping global trade, consumption, and leadership: Growth in a Reordered World, AI and the Power of Multipliers, Global South as Growth Engine, Experience as Growth Infrastructure, Future Consumer Order, and Leadership Beyond Resilience.

The forum is designed as an exclusive, invitation-only experience and will bring together more than 2,000 global leaders, policymakers, and innovators from over 40 countries to define the next chapter of growth across retail, consumer, and lifestyle industries.

The forum will convene leaders from across the public and private sectors, reflecting the forum’s role as a trusted platform for senior-level engagement at the intersection of policy, investment, and industry leadership.

Hamat, a leading visionary shaping the Kingdom’s modern retail landscape, and Apparel Group, a global fashion and lifestyle retail conglomerate, have confirmed their role as headline partners.

Abdullah Al Tamimi, CEO of Hamat, said: “Retail is entering a new phase where growth is driven by relevance, resilience, and real economic value. Vision 2030 has positioned retail and lifestyle destinations as core drivers of development in Saudi Arabia, and at Hamat we are responding by developing and operating destinations built on genuine demand and strong commercial fundamentals. 

“Our strength goes beyond the destinations we create, extending to our team and the way we do business. We look forward to engaging with industry leaders at the RLC Global Forum and contributing to the next chapter of retail.”

Apparel Group’s CEO, Neeraj Teckchandani said: “Participating in the 2026 RLC Global Forum reflects our belief in open dialogue, strategic collaboration, and long-term thinking. Apparel Group continues to evolve alongside the markets we operate in, and this forum provides a meaningful platform to engage with leaders shaping what comes next for global retail.”

This year’s programs include a conference in the plenary hall, hybrid hall with leading companies showcasing their latest products, strategic workshops designed to provide critical learning, roundtables, stage tracks with strategic sessions focused on critical topics, providing deep dives into specific categories and industry trends, RLC Lifetime Achievement Awards for key industry leaders, and deal signings where partnerships and agreements will be sealed, showcasing collaboration and strategic growth within the industry.


Closing Bell: Saudi main index closes in red at 11,183

Updated 16 February 2026
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Closing Bell: Saudi main index closes in red at 11,183

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 44.79 points, or 0.4 percent, to close at 11,183.85.

The total trading turnover of the benchmark index was SR4.05 billion ($1.08 billion), as 69 of the listed stocks advanced, while 191 retreated.

The MSCI Tadawul Index decreased, down 6.63 points or 0.44 percent, to close at 1,504.73.

The Kingdom’s parallel market Nomu lost 328.20 points, or 1.36 percent, to close at 23,764.92. This comes as 22 of the listed stocks advanced, while 49 retreated.

The best-performing stock was Maharah Human Resources Co., with its share price surging by 7.26 percent to SR6.50.

Other top performers included Arabian Cement Co., which saw its share price rise by 6.27 percent to SR22.71, and Saudi Research and Media Group, which saw a 4.3 percent increase to SR104.30.

On the downside, the worst performer of the day was Arabian Internet and Communications Services Co., whose share price fell by 8.01 percent to SR207.80.

Jahez International Co. for Information System Technology and Al-Rajhi Co. for Cooperative Insurance also saw declines, with their shares dropping by 5.61 percent and 4.46 percent to SR12.79 and SR75, respectively.

On the announcement front, Etihad Etisalat Co. announced its financial results for 2025 with a 7.9 percent year-on-year growth in its revenues, to reach SR19.6 billion.

In a Tadawul statement, Mobily said that this growth is attributed to “the expansion of all revenue streams, with a healthy growth in the overall subscriber base.”

Mobily delivered an 11.6 percent increase in net profit, reaching SR3.4 billion in 2025 compared to SR3.1 billion in 2024.

The company’s share price reached SR67.85, marking a 0.37 percent increase on the main market.