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Saudi Aramco Announces Production Increases,⁤ Eyes 80% sales ⁤Gas Capacity Growth by 2030

DHAHRAN – Saudi Aramco is actively increasing ⁢production across multiple sectors, ⁣including a significant push to expand its sales ⁤gas capacity by approximately 80% between ⁤2021 and 2030. ⁣The ​company highlighted recent completion ‌and ​planned operation of major oil‍ and gas projects as key drivers for this growth, leveraging advanced capabilities and attracting international investment, especially within the Jafurah ⁢unconventional gas project.

The ⁢strategy focuses​ on value-enhancing growth while meeting rising energy demand through ‌integrated businesses and technological⁢ advancements, including artificial intelligence and digital infrastructure. Aramco also intends to strengthen its global presence ​in refining, chemicals, and marketing‍ through strategic international investments, solidifying its role‌ as⁢ a​ reliable‌ partner in these sectors. The company anticipates further innovation​ through a planned minority stake acquisition in⁢ Humane⁣ Company, a move designed to bolster ​its position ​in the⁤ rapidly evolving artificial intelligence landscape.

During the ⁤first nine⁣ months of‌ 2025, Aramco’s refining, chemicals, and marketing ⁤sector utilized ‌roughly ⁤54% of the company’s crude oil production, maintaining a supply reliability rate of 99.9%.​ Though, profits for the first nine months of 2025 ⁣decreased to 278.6 billion riyals, compared to 307.1 billion riyals ‌during the same period in ‌2024, with third-quarter profits reaching 97.3 billion ⁣riyals.

Sinomi Centers ⁣Launches 4.5 billion Riyal Sukuk Offering

RIYADH – Sinomi Centers has commenced the offering of Sukuks, Islamic bonds, totaling 4.5 billion⁤ riyals (approximately $1.2 billion USD), the company announced this week. The issuance aims too bolster the firm’s general commercial activities⁣ and address financial and strategic objectives,‍ including the⁢ refinancing of existing debts.

This Sukuk program⁤ represents a notable‍ funding initiative ‍for Sinomi​ Centers, enabling the company to pursue growth opportunities ⁢and⁣ strengthen its financial⁤ position. The Sukuks are treated as capital/equity ‍for Zakat‌ purposes during their outstanding period, reflecting their unsecured priority status. Investors shoudl note that the purchase of these bonds is governed by⁤ the terms and conditions‍ outlined in the⁣ submission form⁤ and the accompanying prospectus.

The offering was‌ initially signaled last⁣ October with the release of a preliminary prospectus. Sinomi Centers clarified that ⁢this declaration does ​not constitute an offer or invitation⁢ to buy, own, or subscribe to any securities, emphasizing the importance of reviewing ‌the official documentation ​before ⁤making any‌ investment decisions.

Extensive Path for Education Launches Prospectus for TASI​ Offering, Allocating 30% to Individual Investors

Riyadh, Saudi arabia – October 26, 2025 – Comprehensive Path for Education Company today announced the release of its prospectus for⁢ an⁤ initial public offering (IPO) ‌of 30.72 ⁤million shares on the Saudi Exchange (TASI).The offering includes a significant‌ allocation of⁣ 30% of shares ​reserved for individual investors, signaling a broad opportunity for public participation⁢ in the education sector.

The IPO comes as‌ Saudi Arabia‘s capital markets continue‌ to expand, driven by the Kingdom’s Vision 2030 diversification goals. Comprehensive Path‌ for Education’s offering provides investors‌ with exposure to a rapidly growing education market, while the dedicated portion for individuals aims to democratize‌ access to investment opportunities within the TASI.⁢ The prospectus details the company’s business operations, financial performance, and future growth‌ strategy, offering potential ‌investors a comprehensive overview ‌before ‌the ​subscription period opens.

Key ​financial institutions are acting ⁤as receiving⁢ agents for the offering, including Derayah Financial, Al Ahly Capital, EFG Hermes, Riyad Capital,‌ BSF Capital, Al Jazira Capital, Yaqeen‌ Capital, Albilad⁤ Capital, Al Arabi Capital, Al Rajhi Capital, Al⁣ Istithmar Capital, Alinma Capital, Alawwal Investment, ‍Al Khabeer Capital, Sahm ⁣Capital, GIB⁢ Capital, ⁣Musharaka Finance, ‌and ‌Returns on Financial Assets.‍

Investors interested in participating can access the full​ prospectus at​ https://argaamplus.s3.amazonaws.com/9b1e7b35-10e4-4291-bf0f-7b8fd512613b.pdf. Further⁤ details regarding the subscription period and pricing will⁢ be announced shortly.

Gold Prices Surge as Central Banks and Investors​ Drive Demand

LONDON – Gold prices are demonstrating resilience and ‌strength, fueled⁤ by both increased investment demand and ⁢continued accumulation by central banks‍ globally, according too recent analysis.the metal’s performance is‌ especially notable given current⁤ market conditions, showcasing its ⁣ancient role as​ a diversification⁢ tool and​ store of value during‍ periods ⁢of stock market⁢ volatility.

Historically, gold exhibits an inverse relationship with stock markets, particularly during downturns. Current ⁢evaluations confirm this trend, highlighting gold’s appeal as a safe haven asset. This ⁢demand is compounded by expectations that central banks will⁣ remain active buyers, with ​a recent World Gold‍ Council survey indicating most⁢ anticipate increasing gold ⁤reserves in the coming ⁢period.

Price variations between markets are attributed ​to the physical‍ nature of gold trading, impacted by factors like​ customs ⁢duties, quotas, and physical supply. India,⁣ such as, recently transitioned ​from a‌ discount market to a premium market due to changes⁤ in physical ⁢stock‍ availability.

While the World Gold Council has adjusted its expectations,lowering forecasts‌ for central bank⁣ demand due ‍to rising prices,it has ⁤together ‍raised expectations for investment demand.⁢ this shift is anticipated ‍to be reinforced by continued declines in interest rates, particularly in ​the United States, alongside growing concerns regarding high levels ‌of public debt.‍

Analysts ​emphasize that the direction of US interest rates will be a key factor for investors ‍to monitor. The Federal Reserve’s policy, and potential leadership changes, are ⁢expected to substantially influence global gold prices.

Jarir Bookstore ‍Reports 39% Online sales Surge Following Strategic Improvements

RIYADH – Jarir bookstore Company announced a notable 39% increase in ‌online sales following recent enhancements to its digital platform and customer service offerings,‍ according to comments made by company official Al-Aqeel. The ‌growth underscores a broader shift in consumer behavior toward e-commerce within the region and positions ⁢Jarir to capitalize⁤ on continued digital expansion.

The surge in online revenue ⁢comes as ‍jarir strategically ⁣invests‍ in its digital infrastructure, including improved after-sales services and expanded product⁤ availability. This move is especially ⁤relevant as brick-and-mortar retailers increasingly rely on online channels to reach wider audiences and adapt to evolving shopping preferences. The ​company’s success demonstrates the potential for traditional businesses to thrive in the digital age through targeted investment ‌and customer-centric strategies.

Currently,⁤ Jarir’s online store attracts approximately 6 ‌million⁤ visitors each month.Al-Aqeel noted that the company has substantially increased ‌the number of products available online, overcoming limitations imposed by physical showroom space.

Delivery speed is also a key component of the improved online experience, with⁣ 50% of orders now fulfilled within approximately ‌one hour. Jarir also offers roughly half a million books through⁤ a print-on-demand service via its online platform.

Beyond ‌the domestic market, ‌Jarir is actively expanding its presence in the Gulf⁣ region, currently operating in Qatar, Kuwait,⁤ Bahrain, and the United Arab Emirates. Plans are underway to open a new showroom within the Gulf, further solidifying the company’s regional‍ footprint.

Al-Aqeel indicated that Jarir is committed ⁢to introducing further initiatives ​to sustain growth throughout the fourth quarter of this year and beyond. ⁤The company anticipates continued​ positive momentum as ⁣it refines its online offerings and‌ expands its regional reach.

Saudi Aramco Pauses Work on Chemical Expansion Projects, Shifts⁤ Focus to Existing​ Ventures

Saudi Aramco has ‌halted progress on three planned‍ expansion projects within its chemicals sector, opting instead to prioritize investments ⁢in existing international facilities and ongoing crude-to-chemicals conversions, the company ​indicated recently. The move signals a strategic recalibration amid shifting global demand ​and a focus on maximizing returns from current assets.

The paused projects⁢ represent a significant shift for the oil giant, which had previously signaled ambitious growth in petrochemicals. Aramco’s decision impacts planned expansions in Saudi Arabia, and reflects a current preference for investing in established⁢ markets like China⁣ and South Korea, close to ⁢major demand centers. ​This adjustment comes as ⁣Aramco plans to spend over $50 billion this year, largely on upstream gas ⁤projects and maintaining oil production​ capacity.

Currently, Aramco⁣ is proceeding with four crude-to-chemicals‌ conversion ​projects, including two in China, one in South Korea, and a joint venture with TotalEnergies in​ Saudi ⁤Arabia, all slated for completion within ⁢the next ⁤three years.

Recent agreements‍ underscore this strategic pivot. In April,Aramco signed a ⁢framework agreement with Sinopec and yanbu Aramco sinopec Refining Company ​(YASREF) to expand petrochemical projects at the YASREF‌ refinery in Yanbu. Additionally, in December 2022, Saudi Basic Industries Corporation (SABIC), Aramco, and Sinopec​ signed a memorandum of understanding to assess the feasibility of a new integrated ‍petrochemical complex in Yanbu Industrial City.