Business & Money | Thursday 12 September, 2024 9:34 am

Riyadh to Host Global PropTech Summit in October

The Real Estate General Authority (REGA) will host the inaugural Global PropTech Summit in Riyadh in October. The event will be held under the patronage of Minister of Municipalities and Housing and REGA Board of Directors Chairman Majed Al-Hogail. The National Housing Company (NHC) will serve as a ...

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Business & Money | Wednesday 25 September, 2024 10:08 am

Banan board OKs establishing real estate development company

Banan Real Estate Co.'s board of directors gave the go-ahead for establishing a simplified joint stock company specialized in real estate development and investment, in partnership with its subsidiary, Al-Azizah Real Estate Investment and Development Co., and other shareholders. In a statement ...

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Business & Money | Wednesday 25 September, 2024 10:04 am

Lana secures SAR 5M credit facilities from BSF

Lana Medical Co. obtained Shariah-compliant credit facilities worth SAR 5 million from Banque Saudi Fransi (BSF). In a statement to Tadawul, the company said that the financing term is 1,080 days and the amount is covered by promissory notes. The credit facilities were obtained to finance ...

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Business & Money | Wednesday 25 September, 2024 10:00 am

Saudi Arabia draws $144B in foreign investments, says Alkhorayef

Saudi Arabia attracted $144 billion in foreign investments as part of Vision 2030, aiming to drive further growth by expanding industrial exports to reach $150 billion by 2030, said Minister of Industry and Mineral Resources Bandar Alkhorayef. In a press release picked up by Argaam, Alkhorayef ...

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Business & Money | Wednesday 25 September, 2024 9:58 am

Riyadh Steel shareholders nod nominal value reduction to SAR 1/share

Shareholders of Riyadh Steel Co. approved the board's recommendation to reduce the stock’s nominal value from SAR 10 to SAR 1 per share, during an extraordinary general meeting (EGM) on Sept. 24, according to a Tadawul statement. There is no change in the company’s capital...

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Business & Money | Wednesday 25 September, 2024 9:56 am

Aramco to raise up to $3B from Sukuk, sets price guidance: Report

Saudi Arabian Oil Co. (Saudi Aramco) plans to raise up to $ 3 billion in five- and 10-year US dollar-denominated Sukuk, Reuters news agency reported citing some sources. The five-year Sukuk has price guidance of US Treasuries plus around 120 basis points, while the 10-year issue has US...

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Business & Money | Wednesday 25 September, 2024 9:50 am

Riyadh Municipality signs 5 contracts worth SAR 6B to improve road quality

Riyadh Municipality signed five contracts worth SAR 6 billion aimed at improving road quality in the Saudi capital, with the scope of work covering an area of 83 million square meters for a period of five years. According to the municipality, these contracts are aimed at stepping Riyadh’s...

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Business & Money | Wednesday 25 September, 2024 8:00 am

Gulf Capital joins Abu Dhabi Sustainable Finance Declaration to support the UAE’s Green Economy

Gulf Capital, one of the largest private equity firms investing from the GCC to the rest of Asia, announced today that it has formally joined the Abu Dhabi Sustainable Finance Declaration (ADSFD), formalising its commitment to a sustainable finance and investment industry in line with the UAE’s...

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Business & Money | Wednesday 25 September, 2024 8:00 am

Envision 2024 announces agenda with industry experts leading the charge towards AI-driven digitalization

 du, from Emirates Integrated Telecommunications Company (EITC), in partnership with the Digital Dubai, is set to host the second edition of the Envision conference. Scheduled under the theme "Gathering Nation’s Leaders for Progress with AI-Driven Digitalization," Envision 2024 will bring...

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Technology & IT | Tuesday 24 September, 2024 12:12 pm

HONOR Announces the Official Availability of HONOR MagicPad 2 Powered by AI in KSA Market

Global technology brand HONOR has officially announced the release of its latest tablet, the HONOR MagicPad 2, following a highly successful pre-order phase. Making its debut at IFA Berlin 2024, the new tablet features an impressive 144Hz 3K AMOLED AI Eye Comfort Display, PC-Level AI Efficiency...

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Technology & IT | Tuesday 24 September, 2024 11:15 am

Global experts to address the role of Artificial Intelligence and Virtual Reality in security solutions at Intersec Saudi Arabia

Leading global management consulting firm Kearney, the official Knowledge Partner of Intersec Saudi Arabia, will address the crucial role of Artificial Intelligence (AI) and Virtual Reality (VR) in predictive and personalised security solutions when the event returns from 1 to 3 October at the...

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