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Retail brief
Friday, 30 October 2026 · Jumada I 19, 1448 AH |
Stores, spending and the Gulf consumer Monitoring window: 00:00 on 29 Oct to 06:00 on 30 Oct, Riyadh time
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Retail in Saudi Arabia · 1 min read
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Al Othaim Markets estimates electricity and water tariff changes will cost about 0.5% of revenue from 2027 |
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The bottom line
RiskEnergy and water costs rise for Retail companies from Q1 2027; Al Othaim puts its impact at about 0.5% of revenue.
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Markets
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Brent crude
114.88 $/barrel ▼ 0.4%
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Gold
4,015.60 $/oz
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Saudi market index (TASI)
9,921.50 points
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S&P 500
7,720.39 points
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29 Oct close (Gold: 29 Oct, intraday)
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The lead story
Al Othaim Markets estimates annual tariff cost impact at about 0.5% of revenue
What happened In an initial assessment, the company expects annual operating costs to rise by about 0.5% of total revenue when adjusted electricity, water and sewage tariffs take effect on January 1, 2027, with the impact showing from Q1 2027 results. It says energy-saving and efficiency initiatives will help mitigate the cost.
Why it matters Al Othaim's estimate offers an early benchmark of the new tariffs' effect on operating costs for other Retail companies with large store networks.
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◆ Industry & market
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Restaurant commercial registrations reach 179,494 at end of H1 2026
The Ministry of Commerce said registrations rose 11% year on year, while restaurant and café point-of-sale sales reached about 84.8bn riyals in 2025 and delivery app sales rose from about 17bn riyals to 25bn riyals. A restaurant executive said delivery commissions may reach 30%-35% of order value.
Why it matters: The rise in delivery app sales shows consumer spending shifting to digital channels in the Saudi market.
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◆ Saudi Arabia: security & major events
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Claim
Houthis claim six attacks on Saudi airports and oil sites; coalition intercepts two missiles over Riyadh
Houthi spokesman Yahya Saree claimed strikes on King Khalid International Airport in Riyadh, King Fahd International Airport in Dammam, the Ras Tanura and Rabigh refineries and an Aramco facility in Abqaiq, without independent corroboration. The coalition said it intercepted two missiles towards Riyadh and one towards the Eastern Province; Civil Defense said shrapnel injured a citizen and damaged a house and a vehicle, as reported.
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◆ Worth reading
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◆ On the radar
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◆ Fri 1 Jan: Adjusted electricity, water and sewage tariffs take effect Mubasher
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For this brief we read 45 stories and chose 4.
Ijaz selects and summarizes the news with AI and can get things wrong. Check the source before relying on a story. Report any error to hello@ijaz.ai.
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