JEDDAH: The King Salman Humanitarian Aid And Relief Center (KSRelief) continues to distribute relief and shelter aid to people affected by the aftermath of an earthquake in the city of Palu, on Sulawesi island, Indonesia.
The 7.5 magnitude quake caused some of the greatest human and material damage.
More than 2,000 people were killed by the earthquake, tsunami, and subsequent landslides and liquefaction, which struck on Sept. 28, and key services for children including schools and health centers were rendered inoperable.
The center is implementing this relief program in cooperation with the Indonesian government represented by the National Disaster Authority (BNPB).
KSRelief provided food and shelter for Baluku residents in central Sulawesi, which included 5,000 food baskets weighing 370 tons, as well as 5,000 bags containing essentials and 3,500 sleeping bags.
The aid comes within the framework of the continuous support provided by the Saudi government and Crown Prince Mohammed bin Salman to help the affected in many countries.
Saudi Arabia’s KSRelief distributes aid to victims of Sulawesi quake in Indonesia
Saudi Arabia’s KSRelief distributes aid to victims of Sulawesi quake in Indonesia
Closing Bell: Saudi main index slips to close at 11,346
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 17.52 points, or 0.15 percent, to close at 11,346.59.
The total trading turnover of the benchmark index was SR3.32 billion ($896 million), as 108 of the stocks advanced and 128 retreated.
The Kingdom’s parallel market, Nomu, also lost 508.04 points, or 1.82 percent, to close at 27,423.45. This comes as 30 stocks advanced while 45 retreated.
The MSCI Tadawul Index followed suit and lost 0.22 points, or 0.02 percent, to close at 1,451.79.
The best-performing stock of the day was SHL Finance Co., whose share price surged 8.74 percent to SR19.90.
Other top performers included SICO Saudi REIT Fund, which saw its share price rise 6.54 percent to SR4.40, as well as National Medical Care Co., whose shares surged 4.93 percent to SR149.
Middle East Specialized Cables Co. recorded the steepest decline, falling 8.33 percent to SR33. Fawaz Abdulaziz Alhokair Co. followed with a 6.62 percent drop to SR14.94, while Saudi Chemical Co. slipped 6.47 percent to SR8.39.
On the announcements front, MBC Group Co. reported its interim financial results for the period ending March 31. According to a statement on Tadawul, the company posted a net profit of SR263.5 million in the first quarter of 2025, marking a 117.2 percent increase compared to the same period in 2024. The surge in profit was primarily driven by a SR190 million rise in gross profit, attributed to higher revenues during the month of Ramadan.
MBC Group Co. ended the session at SR43.90, up 0.47 percent.
Al-Rajhi Co. for Cooperative Insurance also announced its interim financial results for the first quarter. A bourse filing showed that the company posted a net profit of SR90.7 million for the period ending March 31, representing an 18.4 percent decline compared to the same quarter last year. The drop in net profit was primarily attributed to a decrease in the insurance service result before re-takaful, total comprehensive income, and total investment income, as well as an increase in other operating expenses and gross written premiums.
Al-Rajhi Co. for Cooperative Insurance ended the session at SR123.40, down 2.76 percent.
Saudi Ground Services Co. has announced its interim financial results for the period ending March 31. According to a Tadawul statement, the company reported a net profit of SR97.6 million in the first quarter of 2025, marking a 37 percent increase compared to the same period in 2024. The growth was primarily driven by an SR18.3 million rise in revenue year on year.
Saudi Ground Services Co. ended the session at SR49.00, down 1.53 percent.
Saudi Chemical Co. has announced its consolidated financial results for the first quarter of 2025. A bourse filing showed the company reported a net profit of SR82.33 million for the period ending March 31, reflecting a 9.9 percent decline compared to the same quarter last year. The decrease was attributed to higher finance costs, the revaluation of derivative financial instruments related to interest rate exposure, and an increase in zakat and tax provisions.
Saudi Chemical Co. ended the session at SR8.95, down 6.47 percent.
Dallah Healthcare Co. has announced its interim financial results for the period ending March 31. According to a Tadawul statement, the company reported a net profit of SR155.56 million in the first quarter of 2025, marking a 30.3 percent increase compared to the same period a year earlier. The rise in profit was driven by higher revenues, along with non-recurring gains of SR51 million resulting from the company’s 33.33 percent stake in a real estate fund through an in-kind contribution of land.
Dallah Healthcare Co. ended the session at SR120, up 0.17 percent.
Tamkeen Human Resource Co. has announced its consolidated financial results for the first quarter of 2025. A bourse filing revealed the company recorded a net profit of SR26 million for the period ending March 31, representing a 40.54 percent increase compared to the same quarter last year. The surge in earnings was attributed to growth in the group’s revenues, gross profit, and operating profit.
Tamkeen Human Resource Co. ended the session at SR55.30, up 3.61 percent.
Umm Al Qura for Development and Construction Co. has announced its consolidated financial results for the first quarter of 2025. A bourse filing showed the company posted a net profit of SR159.6 million for the period ending March 31, reflecting a staggering 3,219.3 percent increase compared to the same quarter a year earlier. The sharp rise in profit was primarily driven by a significant surge in revenues.
Umm Al Qura for Development and Construction Co. ended the session at SR24.26, up 0.34 percent.
Taiba Investments Co. has announced its interim financial results for the period ending March 31. According to a statement on Tadawul, the company reported a net profit of SR131.3 million in the first quarter of 2025, marking a 36.6 percent increase compared to the same quarter last year. This growth is mainly attributed to the rise in operating revenues during the first quarter of 2025.
Taiba Investments Co. ended the session at SR43.25, up 1.5 percent.
Argentine officials praise Saudi Arabia’s tolerance message at Buenos Aires fair
- During her tour of the pavilion, Bosca expressed admiration for the diverse content presented, which reflects the true essence of Islam
- She added that this underscores Saudi Arabia’s noble message of promoting moderation, coexistence, and tolerance
RIYADH: Jorge Macri, chief of government of the Argentine capital Buenos Aires, praised the Saudi Ministry of Islamic Affairs’ pavilion at the Buenos Aires International Book Fair as a unique model.
He noted that it effectively expresses Islamic identity through a modern design reflecting the cultural renaissance underway in the Kingdom, according to the Saudi Press Agency.
During his visit to the pavilion, Macri emphasized that the ministry’s participation strengthened Saudi Arabia’s position as the fair’s main guest of honor.
He added that the cultural and educational events and initiatives offered by the King Fahd Cultural Center enhance social ties between Argentina and the Kingdom.
Pilar Bosca, director general for religious affairs in Buenos Aires, also expressed appreciation for Saudi Arabia’s efforts in promoting the values of tolerance and moderation, describing the Kingdom as a global model in this regard.
During her tour of the pavilion, Bosca expressed admiration for the diverse content presented, which reflects the true essence of Islam.
She added that this underscores Saudi Arabia’s noble message of promoting moderation, coexistence, and tolerance through modern technology and interactive digital tools that engage all segments of society.
The ministry’s booth drew wide attendance from fair visitors, who appreciated the rich content blending accurate information with a modern approach, the SPA reported.
They praised the message conveyed by Saudi Arabia through the ministry in serving the Holy Qur’an and spreading the call to Islam with wisdom and good counsel.
The 49th annual Buenos Aires International Book Fair, organized by the Book Foundation in Argentina, is being held from April 22 to May 12.
Riyadh, the capital of Saudi Arabia, is the guest of honor, showcasing the Kingdom’s growing prominence in Latin America.
Riyadh’s pavilion aims to strengthen Saudi cultural presence in the region and present the capital as a cultural model reflecting the Kingdom’s transformation under Vision 2030.
The pavilion features diverse literary and cultural content, including Spanish-translated publications that help build cultural bridges.
The Literature, Publishing, and Translation Commission is leading Riyadh’s participation, joined by a Saudi cultural and literary delegation that includes representatives from the Theater and Performing Arts Commission, the Heritage Commission, and the Ministry of Islamic Affairs.
Also participating are the King Fahd Glorious Qur’an Printing Complex, King Abdulaziz Foundation for Research and Archives, King Salman Global Academy for Arabic Language, King Abdulaziz Public Library, and King Fahd National Library.
Pakistan vows to preserve Indus Waters Treaty amid ceasefire with India
- India suspended the treaty, which ensures water for 80 percent of Pakistani farms, a day after an April 22 attack in Indian-administered Kashmir killed 26 tourists
- Tensions between the two neighbors over the attack, Islamabad denies any complicity in, escalated and both launched air and ground strikes against the other this week
ISLAMABAD: Pakistan is committed to upholding a ceasefire with India but it will take “all appropriate steps” to preserve the Indus Waters Treaty (IWT), the Pakistani Foreign Office said on Sunday, saying the treaty is critical for Pakistan’s water security and economy.
Pakistan and India engaged in a military conflict and attacked the other with fighter aircraft, missiles, drones and artillery fire, following weeks of tensions between the two over an attack in the disputed Kashmir region that India blamed on Pakistan, Islamabad denies it.
The incursions that targeted several cities for four days killed nearly 60 people on both sides as major world powers scrambled for a ceasefire between the nuclear-armed arch-foes. On Saturday, US President Donald Trump announced a ceasefire that has largely held, except for some violations in Kashmir.
However, tensions remain high since Saturday’s announcement by Indian Foreign Secretary Vikram Misri that the 1960 World Bank-brokered treaty would remain in abeyance, signaling deeper diplomatic rifts despite the temporary cessation of hostilities between the two neighbors.
“We are committed on ceasefire but the IWT is of critical importance for Pakistan’s water security and economy,” Pakistani Foreign Office spokesperson Shafqat Ali Khan told Arab News.
“Naturally, we will take all appropriate steps to preserve its sanctity and smooth implementation.”
India suspended the treaty, which ensures water for 80 percent of Pakistani farms, a day after the April 22 attack in Indian-administered Kashmir’s Pahalgam that killed 26 tourists. Islamabad has called for a credible, international probe into the attack and described the Indian move to suspend the treaty as “act of war.”
The IWT grants Pakistan rights to the western rivers — Indus, Jhelum, and Chenab — for irrigation, drinking, and non-consumptive uses like hydropower, while India controls the eastern rivers — Ravi, Beas, and Sutlej — for unrestricted use but must not significantly alter their flow. India can use the western rivers for limited purposes such as power generation and irrigation, without storing or diverting large volumes, according to the agreement.
“The fact is that there have been fundamental changes in the circumstances in which the Indus Waters Treaty was concluded,” Indian Foreign Secretary Misri was quoted as saying by NDTV on Thursday.
He said there is now a need to “reassess the obligations under that treaty.”
Khan, the Pakistani Foreign Office spokesperson, said India is in no position to unilaterally hold the treaty in abeyance in the absence of any relevant legal provisions in the agreement.
“Water is a vital national interest of Pakistan, a lifeline for its 240 million people and its availability will be safeguarded at all costs,” he said, reiterating Islamabad’s position that any attempt to stop or divert the flow of its water would be “responded with full force across the complete spectrum of national power.”
Pakistan’s Federal Minister for Kashmir Affairs Amir Muqam said any attempt to stop Pakistan’s share of water could lead to dangerous escalation between the two nuclear-armed neighbors.
“Stopping or reducing our share is absolutely not acceptable and can lead to further and dangerous escalation,” he told Arab News. “The revival of the Indus Waters Treaty in its current form remains a top priority on the agenda in any negotiations between the two countries.”
Muqam further stated that India must revive the IWT in its original form to maintain long-term peace in the region.
“There can be no compromise on it as it is a matter of life and death for us and there is no question of it that they [Indians] stop our water and we will remain silent,” the minister added.
Pakistan and India have a history of bitter relations, having fought two of their three wars over Kashmir, a region split between them, since gaining independence from the former British colonial rule in 1947.
Diriyah Art Futures’ architectural innovation on show at Venice exhibition
The MENA region’s first new media arts hub, Diriyah Art Futures, inaugurated “The Light Footprint,” an exhibition in collaboration with Italian architecture studio Schiattarella Associati. The exhibition, which runs until June 15, coincides with the opening of the Venice Biennale of Architecture 2025 and explores the architectural development of DAF’s groundbreaking headquarters in Riyadh.
Curated by Marta Francocci, “The Light Footprint” is hosted at Venice’s prestigious Querini Stampalia Foundation and presents architectural models, sketches, videos, drawings, photographs and archival objects, to highlight the development process of DAF’s remarkable headquarters.
The opening event brought together Mona Khazindar, adviser to Saudi Arabia’s Ministry of Culture; Haytham Nawar, director of DAF; and Amedeo and Andrea Schiattarella, principal architects of Schiattarella Associati, for a guided curator-led tour of the exhibition, highlighting the building’s architectural and conceptual vision.
Designed by Schiattarella Associati, the DAF hub sets a new benchmark for developing technologically advanced cultural landmarks, which integrate historical context with forward-thinking architectural design. Carved into the escarpment of Diriyah, the design draws on Najdi traditions, local materials, and a philosophy that prioritizes sustainability, cultural resonance, and human connection.
Developed by the Saudi Museums Commission, one of the 11 sector-specific commissions of the Saudi Ministry of Culture, DAF is an arts, research and education hub driven by a belief in the power of interdisciplinary creative practice at the intersection of science and technology. DAF’s 6,550-square-meter hub is equipped with state-of-the-art facilities, symbolizing Saudi Arabia’s efforts to develop forward-looking institutions, with strong roots in the nation’s unique cultural heritage.
Khazindar said: “We are pleased to present our vision for Diriyah Art Futures alongside the prestigious launch of the Venice Biennale of Architecture 2025. This pioneering project embodies our efforts to develop forward-looking cultural institutions, which foster bold experimentation and new forms of creative expression, rooted in our distinct heritage. Through projects like Diriyah Art Futures, we are establishing new benchmarks for contemporary cultural institutions, while transforming the Kingdom into a leading global capital for cultural exchange.”
In a statement, Amedeo and Andrea said: “Our work begins with the belief that architecture must resist the global flattening of cultural identity by embracing the uniqueness of place. With Diriyah Art Futures, we sought to create something deeply rooted in the local context, which draws on natural materials, historical continuity, and the values of the Najdi tradition to build a contemporary language tied to its environment. Rather than imposing form, we envisioned a complex that harmonizes with the land, placing nature, humanity, and cultural distinctiveness at the center. Through a balance of geometry and unpredictability, we embrace contradiction as a vital, life-giving force in the architectural process.”
The contents of “The Light Footprint” exhibition are also featured as part of the collective exhibition “Intelligens Naturale, Artificiale,” curated by Carlo Ratti at Arsenale, part of the Venice Biennale of Architecture 2025.
UK maritime agency reports incident northwest of UAE port
CAIRO: The United Kingdom Maritime Trade Operations (UKMTO) said on Sunday it received a report of an incident 80 nautical miles off the United Arab Emirates’ Jebel Ali port.
UKMTO said a vessel in the area reported a small craft colliding with it and was seen attempting to collide with other vessels in the area, adding that all crew were safe.
