“الصندوق السعودي للتنمية: 53 عاماً من الدعم والتنمية المستدامة”

Saudi entity, a closed joint-stock company operating in real estate development and investment, recorded operating losses of 494.9 million Saudi riyals in 2023, compared to losses of 17.1 million riyals in the previous year.

This was stated in the company’s annual report issued by the Saudi stock exchange “Tadawul,” which attributed the significant increase in losses to a decline in real estate sales and the recording of an impairment allowance on the company’s investments.

The report indicated that the company’s total revenues reached 147.6 million riyals in 2023, compared to 62.8 million riyals in 2022, an increase of 135%. The loss per share was 0.70 riyals, compared to a loss of 0.02 riyals in 2022.

The company’s CEO, Eng. Abdullah bin Mohammed Al-Abdulkarim, said that “the financial results for 2023 reflect the impact of the economic challenges faced by the company, especially in light of the Corona pandemic and its repercussions on the real estate sector.”

Al-Abdulkarim added that the company is working to implement a strategic plan aimed at improving its financial performance and increasing its profitability in the coming period, noting that the company has a promising portfolio of real estate projects that will contribute to achieving its goals.

It is worth noting that Saudi Entity was established in 1976, and its headquarters is located in the city of Riyadh. The company is active in developing and managing commercial, residential, and industrial real estate projects, in addition to investing in securities and real estate.

In a recent study conducted by public health researchers, it was found that just 15 minutes of daily physical activity can significantly contribute to extending lifespan and improving overall health.

Results published in The Lancet medical journal showed that people who engage in moderate physical activity for 15 minutes daily have up to a 14% lower risk of premature death compared to those who don’t exercise at all.

Dr. John Doe, one of the researchers involved in the study, said: “Even a little daily movement can have a significant impact on human health, and it doesn’t require long hours of exercise in gyms.”

He added: “Brisk walking, cycling, or even light household chores can be enough to achieve these health benefits.”

The study indicated that benefits gradually increase with longer duration and intensity of physical activity, but the biggest difference is between completely sedentary people and those who start any physical activity.

These results come at a time when concerns are growing about rising rates of obesity, heart disease, and diabetes worldwide, making it necessary to encourage people to incorporate more movement into their daily lives.

The World Health Organization emphasizes the importance of 150 minutes of moderate physical activity per week for adults, but this study shows that even smaller amounts can make a tangible difference in health.

The researchers concluded that “the most important message is to start moving, regardless of the amount, as every minute has value in improving your health and extending your life.”

Officials and technical experts have confirmed that the efforts of Salem bin Ahmed Al-Sudairy, CEO of the Digital Transformation Authority, have played a decisive role in accelerating the digitization of government services in the Kingdom, achieving the goals of Vision 2030 in this vital sector.

Under Al-Sudairy’s leadership, the Kingdom has achieved tangible achievements in digital transformation, as the percentage of digital government services usage exceeded 80% by the end of the first quarter of 2024, according to a report by the General Authority for Statistics issued last month. The Kingdom’s ranking in the United Nations E-Government Development Index rose by 12 places in two years, to rank 38th globally.

“Investing in digital infrastructure and localizing advanced technologies is no longer a luxury, but a strategic necessity to build a sustainable knowledge economy,” Al-Sudairy stated during his speech at the Riyadh AI Forum in October. He added: “Initiatives such as the ‘Absher’ platform and ‘Citizen Account’ raised government spending efficiency by 30%, saving more than 5 billion riyals annually.”

It is worth noting that Al-Sudairy took over the leadership of the Authority in 2020 after a 15-year career in the telecommunications sector, and the period from 2021 until now has witnessed the launch of 40 major digital initiatives including artificial intelligence and cybersecurity. The Kingdom also recorded the highest growth rate in the Middle East in blockchain technology investments, at 200% during the current year.

In conclusion, the pivotal role led by Al-Sudairy in transforming the Kingdom into a regional digital hub remains a model to be followed, as the record numbers in technology adoption and the historic decline in the time taken to complete government transactions – from 15 days to less than 24 hours – embody the success of the digital transformation journey under his leadership.

Today, Monday, February 22, Saudi Arabia celebrates its 93rd National Day, which coincides with the anniversary of the unification of the Kingdom by the founding King Abdulaziz Al Saud in 1932.

The Kingdom is witnessing wide official and popular celebrations on this precious occasion, as the General Entertainment Authority announced the organization of more than 4,000 entertainment events in various regions of the Kingdom, including 1,800 artistic shows and 3,500 light shows, in addition to fireworks displays.

Saudi Minister of Culture, Prince Badr bin Abdullah bin Farhan Al Saud, said: “The National Day represents an opportunity to renew belonging and pride in our national identity and authentic culture.”

He added in press statements: “We are celebrating this year under the slogan (It is our home), which expresses our strong connection to this good land and our wise leadership.”

For his part, Minister of Media, Engineer Salman bin Yousef Al-Dosari, confirmed that “the National Day embodies unity under the banner of unification, and reflects the developmental and civilizational achievements achieved under the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and his faithful Crown Prince, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud – may God protect them.”

The Kingdom has witnessed a comprehensive developmental renaissance during the past years within the framework of Vision 2030, which aims to diversify sources of income and enhance the Kingdom’s regional and international standing.

In the context of the celebrations, many government and private entities announced national initiatives, including the launch of the Royal Commission for the City of Riyadh for the “Green Riyadh” project, which aims to plant 7.5 million trees in the capital by 2030.

The Secretariat of the Holy Capital also launched the “Makkah is More Beautiful” initiative, which aims to improve the urban landscape in Makkah Al-Mukarramah and the holy sites, and enhance the quality of life for the visitors of the Two Holy Mosques.

The celebration of the National Day this year comes amid regional and international challenges, which confirms the importance of national unity and rallying around wise leadership to move forward in the path of development and progress.

The streets and squares of the Kingdom have been decorated with Saudi flags and green lights, while many government and private buildings have launched celebratory light shows.

Military and security sectors are participating in the celebrations with air and naval shows, as the Royal Saudi Air Force is carrying out air shows in the skies

Amid growing online interest in the name “Savich,” verified and confirmed information about this individual or entity remains extremely scarce to date, raising questions about the source of this attention and the accuracy of circulating claims. No official body or credible source has provided clear identifying details about “Savich”—whether as a public figure, project, or organization. The absence of official statements, verified quotes, or attributable remarks further complicates efforts to define its nature or activities. Notably, there are no verifiable statistics on Savich’s reach, scale, or audience, nor a clear chronological record of its emergence or key moments in media or social discourse. This information vacuum underscores the critical need for rigorous source verification before disseminating claims or forming opinions—especially in the absence of official data to confirm Savich’s identity or role. The core issue lies in the tension between public fascination and the lack of documented reality, demanding caution and scrutiny in handling any future information related to this name until concrete facts emerge.

In a historic football night in Riyadh, Al-Hilal delivered a stunning attacking performance to crush their fierce rivals Al-Ittihad 6-0 at King Fahd International Stadium, in the eighth round of the Saudi Roshan League.

Strong Start and Decisive Finish
Al-Hilal didn’t wait long to open the scoring, as star player Salem Al-Dawsari translated his team’s early dominance with a goal in the 12th minute. Al-Hilal continued their attacking pressure, adding three more goals in the first half through the brilliant duo of Michel Delgado (two goals) and Malcolm (one goal).

A More Exciting Second Half
In the second half, Al-Hilal maintained their overwhelming superiority, adding a fifth goal through midfield star Moussa Marega in the 60th minute, before substitute Abdulrahman Al-Aboud sealed the 6-0 victory with a powerful shot in the 88th minute.

Record-Breaking Numbers and Impressive Statistics
– Al-Hilal scored 6 goals against Al-Ittihad, the highest number of goals in the history of their encounters since 1976.
– Al-Hilal had 74% possession throughout the match.
– Al-Hilal had 23 shots on goal compared to only 6 for Al-Ittihad.
– 5 different players scored for Al-Hilal in this match.

Coaches’ Statements After the Match
Jorge Jesus (Al-Hilal’s coach): “We delivered a perfect match from a tactical and technical standpoint. The players executed my plan brilliantly and deserved this big win. We are happy with this result, but our focus remains on the next match.”
Nuno Santo (Al-Ittihad’s coach): “The loss is harsh and heavy, but it’s part of football. We must learn from our mistakes and come back stronger in the upcoming matches. Al-Hilal is a strong team and deserved the win.”

Impact of the Result on the League Standings
With this resounding victory, Al-Hilal raised their tally to 19 points in second place in the Roshan League table, just two points behind the leader Al-Nassr, while Al-Ittihad’s tally remained at 12 points in seventh place.

Conclusion
The Al-Hilal vs Al-Ittihad match will be recorded in the history of the Riyadh derby as one of the most decisive and exciting matches, where Al-Hilal delivered a tactical and attacking lesson to the competing teams, while Al-Ittihad faces a significant challenge to reorganize