Business & Money | Monday 19 August, 2024 9:29 am

Cenomi Retail in negotiations with major retailer on potential deal

Fawaz Abdulaziz Alhokair Company (Cenomi Retail) announced it is in negotiations with a leading international fashion retailer as regards a potentially significant merger transaction involving certain fashion brands, according to a statement to Tadawul. Further material developments will be...

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Business & Money | Monday 19 August, 2024 9:26 am

Tibbiyah unit signs SAR 69.4M contract with National Guard Health Affairs

Arabian International Healthcare Holding Co. (Tibbiyah) announced that its 100% owned subsidiary, International Medical Supplies Co. (Premma Health), signed a SAR 69.4 million contract with the Ministry of National Guard Health Affairs, according to a statement to Tadawul.   Under...

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Business & Money | Monday 19 August, 2024 9:22 am

RAKEZ rolls out Workers Protection Insurance Programme in collaboration with RAKINSURANCE to enhance worker welfare in the emirate

Ras Al Khaimah Economic Zone (RAKEZ) announced the launch of Workers Protection Insurance Programme, a key initiative in partnership with RAKINSURANCE. This programme is set to significantly enhance the financial security and welfare of workers within the RAKEZ-registered companies, and aligns with ...

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Business & Money | Monday 19 August, 2024 9:17 am

Saudia Unveils Up to 50% Discounts on International Routes for Business and Guest Class

Saudia, the national flag carrier of Saudi Arabia, has introduced an exceptional promotional offer with discounts of up to 50% on international flights via King Abdulaziz International Airport in Jeddah and King Khalid International Airport in Riyadh. This initiative reflects Saudia's commitment to ...

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Business & Money | Monday 19 August, 2024 9:15 am

Saudia Ranks First Globally in On-Time Performance for the Second Consecutive Time

Saudia, the national flag carrier of Saudi Arabia, continues to top the global list for on-time performance (OTP), achieving this milestone for the second time consecutively, according to a report by the independent aviation tracking site, Cirium, for July2024.  The report indicates that...

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Business & Money | Sunday 18 August, 2024 9:56 am

Naseej Tech signs SAR 16.2M contract with KAU

Naseej for Technology Co. (Naseej Tech) signed, on Aug. 15, a contract with King Abdulaziz University (KAU) for technical support services at a total value of SAR 16.19 million, inclusive of VAT. The project aims to upgrade KAU’s academic system to the latest version, provide the necessary...

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Business & Money | Sunday 18 August, 2024 9:54 am

Arriyadh Development shareholders OK SAS with Riyadh Holding to develop Dirah district

Arriyadh Development Co.’s shareholders approved the creation of a simplified joint-stock company (SAS) in partnership with Riyadh Holding Co. to develop Dirah district, during the ordinary general meeting (OGM) held on Aug. 15. In a statement to Tadawul, the company said its share in the...

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Business & Money | Sunday 18 August, 2024 9:40 am

Equipment House inks SAR 34.8M with Riyadh Second Health Cluster

Scientific & Medical Equipment House Co. (Equipment House) signed, on July 30, a contract for the maintenance and repair of medical devices and equipment for hospitals and health centers within Riyadh Second Health Cluster. The contract was sealed at a total value of SAR 34.79 million,...

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Business & Money | Sunday 18 August, 2024 9:37 am

ACWA Power commissions Ar Rass 1 solar PV plant in Saudi Arabia

ACWA Power Co. announced receiving a notice on Aug. 15 from Ar Rass Solar Energy Co., indicating starting operations at the 700 MW Ar Rass 1 solar photovoltaic plant project in Saudi Arabia upon obtaining the commercial operations certificate, according to statement to Tadawul. ACWA Power owns ...

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Business & Money | Sunday 18 August, 2024 9:36 am

SALIC approves sale of entire stake in Saudi Fisheries for SAR 122.4M

Saudi Fisheries Co. (Alasmak) received, on Aug. 15, a letter from its shareholder, Saudi Agricultural and Livestock Investment Co. (SALIC), stating acceptance of the binding offer to complete a special sale and purchase transaction by selling SALIC’s entire stake in Alasmak amounting to 16...

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