Stories from Riyadh · Saudi Arabia

Advanced Textiles Company recorded a 150 percent increase in value over the past 12 months. The company's capital formation factor is expected to rise to 100 percent upon completion of a deal.

Electrical Industries Company announced plans to distribute additional dividends for the previous year amounting to 50% of its capital. The total dividends to be distributed to shareholders equal 562 million rials, which represents the company's entire capital. The company's shares have increased in value by 150% over the last 12 months.

Saudi maritime transport sector profitability is projected to increase by over 300 percent in 2026. This growth is supported by strong revenue increases, with oil transport revenues nearing 2.6 billion riyals.

The Saudi Fashion Commission is organizing a virtual open meeting focused on the resale fashion market in Saudi Arabia. The initiative aims to support the national fashion ecosystem by addressing changing market trends and consumer behavior.

Funds from Saudi Arabia, the United Arab Emirates, and Qatar are set to invest $24 billion into a mega-merger between Paramount and Warner Bros. Discovery. The investment would result in these funds holding a 38.5% stake in the new entity.

US military bases in the Middle East are reportedly adopting drone defense technology brought into the region by Ukrainians. This interest follows costly setbacks, including a March attack on Prince Sultan Air Base in Saudi Arabia involving drones and missiles.

Cristiano Ronaldo stated he continues to enjoy playing football despite acknowledging his retirement is approaching. The announcement follows him reaching a milestone of 970 professional goals.

Al Hammad Holding has invited shareholders to participate in an ordinary general assembly meeting. The meeting will discuss several items, including the disbursement of member bonuses valued between 1.5 million and 1.8 million riyals.

The US Energy Minister stated on Tuesday that the United States has begun providing military escorts for tankers. One tanker was reportedly escorted through or out of the Ormuz Strait in Saudi Arabia. Following this announcement, markets reacted with enthusiasm, causing stock prices to rise and oil prices to fall. The source noted that the Trump administration's actions remain unpredictable.

Construction of a 50 billion dollar skyscraper in Riyadh was suspended in January. Stephen A. Cook, a senior fellow for Middle East and Africa Studies at the Council on Foreign Relations, discussed the financial implications of Saudi projects. The suspension follows a period of shifting focus toward domestic projects. Saudi Foreign Minister Prince Faisal bin Farhan met with French Foreign Minister Jean-Baptiste Salambey in Riyadh. The officials reviewed bilateral relations and discussed ways to strengthen ties between the two nations. They also discussed regional and international developments and their implications for security.