Business & Money | Wednesday 5 June, 2024 2:17 pm

Hikvision- alfanar Partnership Unveils Local Manufacturing Facility in Riyadh

Hikvision, a global leader in innovative security solutions, is proud to announce its partnership with alfanar, a prominent industrial conglomerate in Saudi Arabia, in the establishment of a state-of-the-art local manufacturing facility in Riyadh. This collaboration aims to amplify local...

More Details

Business & Money | Wednesday 5 June, 2024 12:52 pm

Banan requests transition to Main Market

Banan Real Estate Co. announced that it submitted online a request to transition to the Main Market, on June 4, according to a statement to Tadawul. Banan’s board of directors approved on July 4, 2023, a decision to move the company to the Main Market from Nomu-Parallel Market, based on the...

More Details

Business & Money | Wednesday 5 June, 2024 12:49 pm

REDF rents admin building from Ladun for SAR 108M

Ladun Investment Co.  signed on June 4 a contract to rent an administrative building in Aqiq, Riyadh, to the Real Estate Development Fund (REDF) for SAR 107.96 million, inclusive of VAT.   The five-year contract will come into effect on Nov. 7, 2024. The building, which...

More Details

Business & Money | Wednesday 5 June, 2024 12:46 pm

PIF successfully prices inaugural GBP bond offering

The Public Investment Fund (PIF) successfully priced its inaugural bond offering in sterling today, June 5, at £650 million under its existing Euro Medium-Term Note program. The issuance is part of PIF’s strategy to continually diversify its funding sources. In an emailed statement to...

More Details

Business & Money | Wednesday 5 June, 2024 11:00 am

Unusual Companies Boosts Business Success in the Netherlands with Comprehensive Support

The Netherlands boasts one of the strongest economies in Europe and a prosperous environment for businesses to grow. It has a highly skilled, talented workforce, tax incentives, an excellent strategic location, and a supportive environment for local and foreign innovative-driven entrepreneurs....

More Details

Business & Money | Wednesday 5 June, 2024 9:41 am

RIYADH AIR AND AIR CHINA TO STRENGTHEN RELATIONS FOLLOWING THE SIGNING OF MoU AT IATA AGM IN DUBAI

Riyadh Air, the newest national airline of Saudi Arabia, has demonstrated the importance of the Chinese market following the signing of a Memorandum of Understanding (MoU) with Air China, China’s exclusive national flag carrier, on June 3, 2024, at the International Air Transport Association...

More Details

Business & Money | Wednesday 5 June, 2024 9:31 am

UAE, Malaysia seek deeper trade, investment ties, as trade hits $4.7 billion in 2023

Anwar Ibrahim, Prime Minister of Malaysia, received Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, on a visit to the country designed to deepen trade and investment ties between the United Arab Emirates and Malaysia. Dr. Al Zeyoudi also held talks with Zafrul Aziz,...

More Details

Business & Money | Wednesday 5 June, 2024 8:43 am

RIYADH AIR AND SINGAPORE AIRLINES SIGN STRATEGIC AGREEMENT TO ESTABLISH COMMERCIAL PARTNERSHIP

Riyadh Air and Singapore Airlines (SIA) have signed a Memorandum of Understanding (MoU) to establish a new partnership between the two airlines.  The agreement was inked by Riyadh Air Chief Executive Officer (CEO) Mr Tony Douglas and Singapore Airlines CEO Mr Goh Choon Phong on the...

More Details

Business & Money | Tuesday 4 June, 2024 11:46 am

Arabian Drilling suspends 2 rigs with Aramco, won’t extend third contract

Arabian Drilling Co. (ADC) and Saudi Aramco finalized their discussions on the suspension of three offshore drilling platforms, as announced previously.   The statement clarified that business contracts for two offshore drilling platforms were suspended for a period of up...

More Details

Business & Money | Tuesday 4 June, 2024 10:29 am

ACWA Power sells 30% stake in RAWEC to Hassana for SAR 844M

ACWA Power Co. signed, on June 3, a share purchase agreement (SPA) to sell 30% of its stake in Rabigh Arabian Water & Electricity Co. (RAWEC) to Hassana Investment Co., for SAR 844 million, according to a statement to Tadawul. The deal included Arabian Company for Water and Power...

More Details