Business & Money | Monday 26 August, 2024 9:30 am

Riyadh Development signs deal to set up JV with Riyadh Holding

Riyadh Development Co. signed an agreement with Riyadh Holding Co. to establish a joint venture (JV) to own the assets and play the role of the main developer and operator of the markets in the Qasr Al-Hukm area. In a statement to Tadawul, Riyadh Development said the total value of the JV...

More Details

Business & Money | Sunday 25 August, 2024 11:46 am

NMDC Group to list NMDC Energy on ADX

The Board of Directors of NMDC Group PJSC has approved to list NMDC Energy PJSC on the Abu Dhabi Securities Exchange (ADX) and sell a portion of the Group's shares in NMDC Energy PJSC through a public subscription. This came during a virtual meeting the Group's board held via video conference...

More Details

Business & Money | Sunday 25 August, 2024 10:25 am

stc declares dividend policy for 3 years at SAR0.55/share every quarter

The board of directors of Saudi telecom major stc approved, on Aug. 24, the three-year dividend policy, starting Q4 2024 and ending Q3 2027, the telecom operator said in a statement to Tadawul. The new dividend policy is subject to the approval of the upcoming general...

More Details

Business & Money | Sunday 25 August, 2024 9:15 am

Naba Alsaha renews Islamic credit facilities at SAR 250M with Riyad Bank

Naba Alsaha Medical Services Co. renewed and increased Sharia-compliant credit facilities at SAR 250 million with Riyad Bank, according to a statement to Tadawul. The Islamic facilities will be used to finance the Naba Al-Saha Hospital project in Al-Munisiyah district in Riyadh. ...

More Details

Business & Money | Sunday 25 August, 2024 9:14 am

SIDC wins SAR 5.3M purchase order to supply sanitary ware

Saudi Industrial Development Co.’s (SIDC) unit SIDC Ceramic Factory (CASAVIA) received a purchase order at SAR 5.3 million, including VAT, from ABR Contracting Co., according to a statement to Tadawul. The project award entails supplying sanitary ware to the National Housing Co.’s Murcia...

More Details

Business & Money | Sunday 25 August, 2024 9:05 am

Opening day of New Global Sport Conference 2024 brings together thought leaders in Riyadh to shape the future of esports, gaming, sports, and entertainment

The New Global Sport Conference 2024 (NGSC) outlined Saudi Arabia’s ambition to be at the forefront of conversations about global nations and gaming and esports, as it brought together over 1,200 attendees from across the industry, sports, and entertainment.  Hosted under the theme...

More Details

Business & Money | Saturday 24 August, 2024 3:15 pm

REGA investigates real estate broker over involvement in fraud

Tayseer Al-Mufarrej, Spokesperson for the Real Estate General Authority (REGA), said that a well-known real estate broker was investigated over involvement in fraud.   Al-Mufarrej explained on X that the broker was a victim to a scammer, who claimed to be the owner of a property with ...

More Details

Business & Money | Saturday 24 August, 2024 3:04 pm

MultiBank Group Reports Record-Breaking $306 Million Revenue in 2023, Marking a 10% Year-on-Year Growth

MultiBank Group, one of the world's largest financial derivatives institutions headquartered in Dubai, announces its most successful financial year to date, with an impressive revenue of $306,636,717 in 2023.  Based on the latest audited financial statements, MultiBank Group achieved a...

More Details

Business & Money | Saturday 24 August, 2024 3:03 pm

Saudi Real Estate Refinance Company" and "King Street" sign a MoU to explore new solutions in the secondary real estate financing market

The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund (PIF) Company, signed a  Memorandum of Understanding (MoU) today, Wednesday, in New York City with King Street Capital Management. The agreement aims to foster cooperation and strategic partnership between the two parties...

More Details

Business & Money | Saturday 24 August, 2024 2:26 pm

DATA CENTER XPO SAUDI ARABIA 2024: Where Data Drives Innovation Physical conference on September 3rd-4th in Riyadh, Saudi Arabia, at Voca.

Saudi Arabia has navigated significant challenges in developing its data center infrastructure and 5G networks. Initially, the country faced hurdles such as high costs, regulatory barriers, and the need for substantial technological upgrades. However, through strategic investments and partnerships...

More Details