Business & Money | Saturday 5 April, 2025 11:51 am

Elm inks SAR 1.9B banking facilities agreement with SNB

Elm Co. signed, on March 27, a SAR 1.9 billion Shariah-compliant banking facilities agreement with Saudi National Bank (SNB). In a statement to Tadawul, the company said that the financing period is five years, and the step aims at funding expansions and acquisitions. The credit is...

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Business & Money | Saturday 5 April, 2025 11:48 am

Al Arabia signs MoU with Multiply Group to invest in outdoor advertising

Arabian Contracting Co. (Al Arabia) signs a memorandum of understanding (MoU) with Multiply Group's media vertical for the creation of a joint entity to invest in the global out-of-home advertising sector, strengthen global presence and support expansion plans into international...

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Business & Money | Saturday 5 April, 2025 11:46 am

Clean Life partially leases residential building in Riyadh for SAR 525,000

Clean Life Co. signed on March 28 a contract with Alfanar Projects Co. to partially lease its owned residential building in Ar-Rimal district, Riyadh, for SAR 525,000. In a statement to Tadawul, Clean Life said it leased 30% capacity of its wholly owned building, which exceeds the company's...

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Business & Money | Saturday 5 April, 2025 11:41 am

Purity wins SAR 3.31M contract from Taqeem

Purity for Information Technology Co. was awarded on March 27 a VAT-inclusive contract by Saudi Authority of Accredited Valuers (Taqeem) at a total value of SAR 3.31 million. Under the 12-month contract, Purity will help Taqeem continue the development and operation of its e-portal, the...

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Tourism & Hospitality | Friday 4 April, 2025 8:16 pm

Saudia Launches New Scheduled Flights to Bali

Saudia, the national flag carrier of Saudi Arabia, has announced the inauguration of three weekly scheduled flights to Bali, Indonesia. The inaugural flight, SV856, operated by the state-of-the-art B787 Dreamliner, departed from King Abdulaziz International Airport in Jeddah at 01:10 AM on Monday...

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Business & Money | Friday 4 April, 2025 11:41 am

Automechanika Riyadh, returns as Saudi Arabia’s automotive aftermarket sector accelerates towards USD34 billion by 2033

Saudi Arabia’s leading regional trade show for the automotive aftermarket sector will be held at RICEC from 28-30 April The largest edition of the event to date will showcase exhibitors from 32 countries across five halls and will welcome 19,000 visitors The event will feature returning ...

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Government | Thursday 3 April, 2025 1:40 am

REGA mulls rent cap, says CEO

Real Estate General Authority (REGA) studies a cap on increased rents, given that this is one of the international practices to control higher rentals, CEO Abdullah Alhammad told Al-Arabiya TV.   A recent directive was issued by Crown Prince Mohammed bin Salman to rebalance the real...

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Business & Money | Thursday 3 April, 2025 1:37 am

Crown Prince’s directives on real estate sector to curb inflation

Saudi Minister of Finance Mohammed Al-Jadaan said that the recent directives issued by Crown Prince Mohammed bin Salman regarding achieving balance in the land and real estate sector in Riyadh reaffirm the government's ability to utilize available tools. This will be attained whether through...

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Government | Thursday 3 April, 2025 1:35 am

New real estate measures to support household spending, private sector: Minister

Minister of Economy and Planning, Faisal Al-Ibrahim, said Crown Prince Mohammed bin Salman’s new directives aim to provide quick and effective solutions to address challenges in the real estate sector, enhancing citizens’ quality of life and supporting private sector...

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Government | Thursday 3 April, 2025 1:19 am

LCGPA adds 116 products to mandatory list of national products

The Local Content and Government Procurement Authority (LCGPA) added 116 products to the mandatory list of national products across four main sectors, pharmaceuticals, medical supplies, paper consumer products, as well as personal and household equipment and supplies.   Abdulrahman...

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