A Saudi girl wearing traditional clothes celebrates Saudi Arabia's Founding Day at The Boulevard in Riyadh. Reuters
A Saudi girl wearing traditional clothes celebrates Saudi Arabia's Founding Day at The Boulevard in Riyadh. Reuters
A Saudi girl wearing traditional clothes celebrates Saudi Arabia's Founding Day at The Boulevard in Riyadh. Reuters
A Saudi girl wearing traditional clothes celebrates Saudi Arabia's Founding Day at The Boulevard in Riyadh. Reuters

Saudi Founding Day 2024: What is it and how is it different from National Day?


  • English
  • Arabic

Thursday, February 22, marks Saudi Arabia's Founding Day, a new annual holiday to commemorate the founding of the first Saudi state.

The holiday was established with a royal decree issued by King Salman in 2022 through the official Saudi Press Agency.

It said the holiday will commemorate the history of Saudi rule dating back hundreds of years.

It is a different event to Saudi National Day, which falls on September 23.

What does Founding Day commemorate?

Saudi Arabia’s new annual holiday commemorates the ascent to power of Mohammed bin Saud, who founded the First Saudi State.

In February 1727, he inherited leadership over the central Arabian town of Diriyah, which had been established by his ancestors in the 15th century.

He oversaw the expansion of Diriyah from a city-state to an emirate, conquering territories in central Arabia and uniting them under his family’s rule.

His dynasty became known as Al Saud, named after his father, Saud bin Mohammed Al Muqrin, who had ruled Diriyah from 1720, the date often cited as the founding of the dynasty.

Founding Day commemorates these origins and aims to highlight the important part Al Saud dynasty has played in the history of Arabia.

  • A model of a local construction and renovation project in the Diriyah Gate Development Authority (DGDA) headquarters, Saudi Arabia. All photos: Bloomberg
    A model of a local construction and renovation project in the Diriyah Gate Development Authority (DGDA) headquarters, Saudi Arabia. All photos: Bloomberg
  • Crown Prince Mohammed bin Salman is trying to turn the conservative kingdom into an investment powerhouse and attract businesses as part of his Vision 2030 plan to diversify from oil
    Crown Prince Mohammed bin Salman is trying to turn the conservative kingdom into an investment powerhouse and attract businesses as part of his Vision 2030 plan to diversify from oil
  • A model of a construction project in Diriyah
    A model of a construction project in Diriyah
  • A motorway runs past the site
    A motorway runs past the site
  • Visitors look at a model of the project
    Visitors look at a model of the project
  • The gateway to Diriyah
    The gateway to Diriyah
  • Visitors at Salwa Palace
    Visitors at Salwa Palace
  • A path at Salwa Palace
    A path at Salwa Palace
  • Part of the palace lit up at night
    Part of the palace lit up at night
  • Salwa Palace is a tourist attraction
    Salwa Palace is a tourist attraction
  • Salwa Palace in the At-Turaif district of Diriyah, Saudi Arabia.
    Salwa Palace in the At-Turaif district of Diriyah, Saudi Arabia.
  • The visitor centre in At-Turaif, Diriyah
    The visitor centre in At-Turaif, Diriyah
  • Electric carts transport visitors to Salwa Palace
    Electric carts transport visitors to Salwa Palace

What was the First Saudi State?

Although Mohammed bin Saud came to power in Diriyah in 1727, the establishment of the First Saudi State is usually dated to 1744.

It was in this year that he allied with Mohammed bin Abdul Wahab, a religious scholar who led a movement that called for a return to the “true” version of Islam.

This alliance was at the heart of the First Saudi State, also known as the Emirate of Diriyah, the first of three Saudi states.

  • Al Nassr's Cristiano Ronaldo celebrates Saudi Arabia's Founding Day wearing local traditional clothes at Al Nassr Football Club in Riyadh, Saudi Arabia. Reuters
    Al Nassr's Cristiano Ronaldo celebrates Saudi Arabia's Founding Day wearing local traditional clothes at Al Nassr Football Club in Riyadh, Saudi Arabia. Reuters
  • Al Nassr's Cristiano Ronaldo drinking Saudi coffee during Saudi Arabia's Founding Day celebrations. Reuters
    Al Nassr's Cristiano Ronaldo drinking Saudi coffee during Saudi Arabia's Founding Day celebrations. Reuters
  • Cristiano Ronaldo joins in the celebrations. Reuters
    Cristiano Ronaldo joins in the celebrations. Reuters
  • Al Nassr and Portugal striker Cristiano Ronaldo celebrates Saudi Arabia's Founding Day in Riyadh, Saudi Arabia, February 22, 2023. Reuters
    Al Nassr and Portugal striker Cristiano Ronaldo celebrates Saudi Arabia's Founding Day in Riyadh, Saudi Arabia, February 22, 2023. Reuters
  • Cristiano Ronaldo joins in the celebrations on Saudi Arabia's Founding Day. Reuters
    Cristiano Ronaldo joins in the celebrations on Saudi Arabia's Founding Day. Reuters
  • Cristiano Ronaldo celebrates Saudi Arabia's Founding Day wearing local traditional clothes. Reuters
    Cristiano Ronaldo celebrates Saudi Arabia's Founding Day wearing local traditional clothes. Reuters

From Diriyah, the Al Saud dynasty quickly expanded to conquer much of the Arabian Peninsula, including the Hejaz region, home to the holy cities of Makkah and Madinah.

This expansion was seen as a threat by the Ottoman Empire, the region’s major power, which sought to restore its influence in Arabia.

After a seven-year war, Ottoman-allied forces led by Egypt’s Ibrahim Pasha defeated the Al Saud and destroyed Diriyah, bringing an end to the First Saudi State in 1818.

From the First Saudi State to the modern kingdom

Al Saud re-established their state six years later with a capital at Riyadh, close to Diriyah.

Throughout the 19th century, they competed with the Al Rashid dynasty for supremacy over central Arabia. Internal conflicts and military defeats eventually weakened the position of Al Saud, leading to the capture of Riyadh by the Al Rashid in 1891 and the end of the Second Saudi State.

Imam Abdulrahman Al Saud, who led Al Saud at the time, sought refuge with Bedouin in the deserts of the Empty Quarter before taking his family to Kuwait.

His son, Abdulaziz, recaptured Riyadh in 1902 in a raid, laying the foundations for the expansion of Saudi rule across Arabia. In 1932, Abdulaziz formalised his reign by establishing the Kingdom of Saudi Arabia, with himself as its first king.

His sons, including the current King Salman, have ruled the kingdom since.

How is Saudi Arabia’s National Day different from its Founding Day?

Saudi National Day is celebrated annually on September 23. It marks the 1932 decree, issued by King Abdulaziz, which renamed the Kingdom of Najd and the Hejaz as the Kingdom of Saudi Arabia.

The unification of the kingdom took place on the 21st of Jumada Al Ula in 1351 H – which corresponds to September 23, 1932.

Today, National Day is celebrated through fireworks displays, ceremonies and parades.

What will happen on Founding Day?

Events to show off traditional crafts, culture and heritage are planned across the kingdom.

Live music and dance performances are scheduled in cities including Riyadh, Jeddah and Dammam.

Festivities are expected to three days, with both public and private sectors given a long weekend until February 25.

The%20specs%3A%20Panamera%20Turbo%20E-Hybrid
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.0-litre%20twin-turbo%20V8%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E680hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E930Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3EEight-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh749%2C000%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
The%20specs%3A%202024%20Panamera
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.9-litre%20twin-turbo%20V6%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E353hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E500Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3EEight-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh408%2C200%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
Results

6pm: Dubai Trophy – Conditions (TB) $100,000 (Turf) 1,200m 

Winner: Silent Speech, William Buick (jockey), Charlie Appleby
(trainer) 

6.35pm: Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m 

Winner: Island Falcon, Frankie Dettori, Saeed bin Suroor 

7.10pm: UAE 2000 Guineas Trial – Conditions (TB) $60,000 (Dirt)
1,400m 

Winner: Rawy, Mickael Barzalona, Salem bin Ghadayer 

7.45pm: Al Rashidiya – Group 2 (TB) $180,000 (T) 1,800m 

Winner: Desert Fire, Hector Crouch, Saeed bin Suroor 

8.20pm: Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m 

Winner: Naval Crown, William Buick, Charlie Appleby 

8.55pm: Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m 

Winner: Al Tariq, Pat Dobbs, Doug Watsons 

9.30pm: Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m 

Winner: Dubai Icon, Patrick Cosgrave, Saeed bin Suroor  

LA LIGA FIXTURES

Friday Valladolid v Osasuna (Kick-off midnight UAE)

Saturday Valencia v Athletic Bilbao (5pm), Getafe v Sevilla (7.15pm), Huesca v Alaves (9.30pm), Real Madrid v Atletico Madrid (midnight)

Sunday Real Sociedad v Eibar (5pm), Real Betis v Villarreal (7.15pm), Elche v Granada (9.30pm), Barcelona v Levante (midnight)

Monday Celta Vigo v Cadiz (midnight)

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

THE BIO

Ms Al Ameri likes the variety of her job, and the daily environmental challenges she is presented with.

Regular contact with wildlife is the most appealing part of her role at the Environment Agency Abu Dhabi.

She loves to explore new destinations and lives by her motto of being a voice in the world, and not an echo.

She is the youngest of three children, and has a brother and sister.

Her favourite book, Moby Dick by Herman Melville helped inspire her towards a career exploring  the natural world.

UAE Premiership

Results

Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes

Final
Abu Dhabi Harlequins v Jebel Ali Dragons, Friday, March 29, 5pm at The Sevens, Dubai

What is Reform?

Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.

It was founded in 2018 and originally called the Brexit Party.

Many of its members previously belonged to UKIP or the mainstream Conservatives.

After Brexit took place, the party focused on the reformation of British democracy.

Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.

The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.

Updated: February 22, 2024, 12:24 PM