Nobody here can really comment one way or the other really but assuming you have an Indian passport and you are attending an institution in Canada with a study permit that is not funded by a Saudi Government scholarship then why should you have an issue , at least in Canada.
You would hope this would have no impact on someone who is only a Saudi resident being penalised for attending a Canadian educational institution but inter government feuds can be unpredictable.
Given nobody here works for either the Saudi or Canadian Government then there can only be speculation anyway based on press reporting same as speculation that if there could be any issue it might be at the Saudi end not Canada given it is Saudi Arabia imposing measures against Canada.
As said speculation only.