Saudi Market Authority: Kingdom Unaffected by Global Technical Disruptions

Two investors monitor stock prices on the Saudi Tadawul screen (Reuters)
Two investors monitor stock prices on the Saudi Tadawul screen (Reuters)
TT

Saudi Market Authority: Kingdom Unaffected by Global Technical Disruptions

Two investors monitor stock prices on the Saudi Tadawul screen (Reuters)
Two investors monitor stock prices on the Saudi Tadawul screen (Reuters)

The Saudi Capital Market Authority (CMA) has assured the integrity and full operational readiness of its systems following global technical disruptions affecting various sectors.
The CMA confirmed that it has been coordinating with relevant authorities from the outset to ensure uninterrupted service for all investors during Sunday’s trading sessions.
In a statement released on Saturday, the CMA emphasized that listed companies in the financial market have been instructed to disclose any significant developments related to the issue.
The Saudi Stock Exchange, Tadawul, also confirmed the reliability and readiness of its systems to ensure uninterrupted service for all investors.
The CMA highlighted that technical teams are monitoring the systems round-the-clock to ensure the continuous functioning of services and the technical infrastructure, ensuring business continuity and system efficiency in the market.
Limited Impact
Since the onset of the global technical crisis, the Saudi National Cybersecurity Authority (NCA) reported that the impact on the Kingdom has been limited.
In a statement, the NCA referenced media reports of widespread technical failures in critical sectors worldwide and clarified that the impact on national entities in Saudi Arabia has been minimal, based on current assessments.
The NCA attributed these global disruptions to a technical error in a product update released by cybersecurity firm CrowdStrike early Friday morning.
Cyber Incidents
The NCA credited the robust support and significant backing from Saudi leadership for the cybersecurity sector, enabling proactive measures to detect and address cyber threats and risks.
The NCA has also been committed to fostering local cybersecurity capabilities and enhancing technological sovereignty.
The NCA affirmed that its cybersecurity regulations and standards have bolstered the security and reliability of the Kingdom’s cyberspace, positively impacting the protection of national entities and critical infrastructure.
The authority continues to oversee compliance with these regulations through its National Cybersecurity Services Portal (Haseen), working in partnership with all national entities to enhance national cybersecurity.
This initiative is fundamental to safeguarding the Kingdom’s vital interests, critical infrastructure, government services, and key sectors in both the public and private domains.



‘Saudia’ Expands Flight Network with Over 10 New Destinations in 2025

Saudi Arabian Airlines plane, is seen at the airport of the Red Sea resort of Sharm el-Sheikh, Egypt, August 9, 2021. (Reuters)
Saudi Arabian Airlines plane, is seen at the airport of the Red Sea resort of Sharm el-Sheikh, Egypt, August 9, 2021. (Reuters)
TT

‘Saudia’ Expands Flight Network with Over 10 New Destinations in 2025

Saudi Arabian Airlines plane, is seen at the airport of the Red Sea resort of Sharm el-Sheikh, Egypt, August 9, 2021. (Reuters)
Saudi Arabian Airlines plane, is seen at the airport of the Red Sea resort of Sharm el-Sheikh, Egypt, August 9, 2021. (Reuters)

Saudi Airlines (Saudia) has announced the addition of more than ten new destinations to its flight network for 2025, including Vienna, Venice, Larnaca, Athens, Heraklion , Nice, Malacca, Bali, Antalya, El Alamein, and Salalah. The expansion comes in response to increased international travel demand, with a 16% growth in passenger transport last year, according to SPA.
Saudia Group's General Manager, Eng. Ibrahim bin Abdulrahman Al-Omar stated that following the airline's operational success in 2024, a strategic plan has been implemented for 2025 to maintain high performance. Flights have been scheduled to meet operational needs with flexibility throughout the year, particularly during peak seasons, while adapting to industry challenges.

The selection of new destinations was based on feasibility studies and guest demand, aligning with Saudi Arabia's national aviation strategy to reach 250 destinations by 2030.
The newly introduced routes will enhance Saudia's global network, which currently spans over 100 destinations across four continents. With more than 530 daily flights, the airline continues to develop its international operations to increase its market share and strengthen the Kingdom's global connectivity.