Riyadh: The Capital Market Authority’s (CMA’s) board has approved a set of amendments aimed at facilitating the procedures for opening investment accounts for various categories of investors. The efforts are part of the draft to amend the “Investment Accounts Instructions, the Rules for Foreign Investment in Securities, and the Capital
Riyadh: The Saudi Stock Exchange Main Index ended trading lower today, dropping 0.82 points to close at 11,276.91. The total value of trading amounted to SAR 4.9 billion. According to Saudi Press Agency, the Saudi Parallel Market Index (NOMU) closed higher, gaining 31.28 points to settle at 27,479.50, with a
Riyadh: The General Authority for Statistics (GASTAT) released the Industrial Production Index (IPI) statistics for May 2025 today, showing a 1.5% increase compared to May of the previous year, driven by the rise in mining and quarrying activity, manufacturing activity, and water supply, sewerage, and waste management and remediation activities.
Riyadh: The Zakat, Tax and Customs Authority (ZATCA) has urged establishments subject to the excise tax to file their tax returns for May and June 2025 by July 15, 2025. The authority emphasized the importance of timely submissions to avoid penalties. According to Saudi Press Agency, ZATCA called on establishments
Riyadh: The Eastern Region Municipality has announced awarding and signing a contract for the construction, operation, maintenance, development, and management of the industrial zone in Abqaiq Governorate. The zone is designated for light industries, support services, industrial workshops, and light and consumer industrial activities. The 25-year project will be implemented
Jeddah: Saudia Group continues to demonstrate its commitment to operational excellence, playing a vital role in advancing the objectives of the National Aviation Strategy. According to Saudi Press Agency, a leading global aviation analytics provider, Saudia ranked first worldwide in both departure and arrival on-time performance. The report showed the