A Houthi missile attack damaged Saudi Aramco Tower in Riyadh's KAFD financial district, causing minor damage but no injuries. The rare strike disrupted the area's return to in-person operations after remote work orders and raised concerns for international firms amid regional conflict. Saudi authorities said they destroyed two missile launchers used in the attack.
The incident comes as the kingdom faces budget pressures, economic contraction, and challenges to its diversification plan led by Crown Prince Mohammed bin Salman. Events like the AFC Asian Cup and FII forum have been delayed or canceled, and air travel remains restricted at King Khalid International Airport. The Houthis, backed by Iran, have increased attacks on Saudi infrastructure, including Aramco facilities in Dhahran and Ras Tanura, and the East-West pipeline.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing