Business & Money | Wednesday 27 November, 2024 10:00 am

Second Global Aviation and Aerospace Skills Task Force Meeting concludes in Abu Dhabi

The UAE General Civil Aviation Authority (GCAA) successfully hosted the second meeting of the Global Aviation and Aerospace Skills Task Force (GAAST) in Abu Dhabi from 18th to 22nd November 2024. The event brought together key stakeholders from member states, industry leaders, and...

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Business & Money | Wednesday 27 November, 2024 9:25 am

SAB issues SAR-denominated Tier 1 sukuk

Saudi Awwal Bank (SAB) commenced the issuance of SAR-denominated additional Tier 1 (AT-1) Sukuk with a fixed rate and a floating rate Sukuk tranche, the lender said in a statement on Tadawul. The amount and terms of Sukuk issuance will be determined based on the market...

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Business & Money | Tuesday 26 November, 2024 4:44 pm

HORECA Riyadh 2024 and Salon du Chocolat et de la Pâtisserie Launch in the Heart of Riyadh

Today marked the opening of the 13th edition of HORECA Riyadh at the Riyadh International Convention & Exhibition Center, attended by distinguished figures, including Mrs. Mayada Badr, CEO of the Culinary Arts Commission, and Prince Waleed bin Nasser Al-Saud, Founder and CEO of Mukatafa,...

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Business & Money | Tuesday 26 November, 2024 11:06 am

Nofoth inks deal with Maqsood Restaurants to acquire brand for SAR 3.7M

Nofoth Food Products Co. signed, on Nov. 25, the final agreement to acquire Maqsood Restaurants’ trademark from Maqsood Restaurants Establishment in Saudi Arabia for SAR 3.7 million, according to a Tadawul statement. The deal includes the acquisition of Maqsood Restaurants’ trademark, in...

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Business & Money | Tuesday 26 November, 2024 11:04 am

Fakeeh Care buys land in Riyadh for SAR 35.2M to set up medical centre

Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) purchased a land plot in Riyadh for SAR 35.21 million, excluding real estate transaction tax and brokerage fees, to establish a medical centre, according to a statement to Tadawul. The land plot in Al-Narjis District spans a total of...

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Business & Money | Tuesday 26 November, 2024 11:02 am

solutions subsidiary signs SAR 500M financing deal with Riyad Bank

Arabian Internet and Communications Services Co. (solutions) announced that its subsidiary, Contact Centers Co. (CCC), signed a SAR 500 million Shariah-compliant financing agreement with Riyad Bank. The one-year agreement was guaranteed by a promissory note signed by CCC, the company said ...

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Business & Money | Tuesday 26 November, 2024 11:00 am

Saudi Cable secures SAR 56.3M payout from associate

Saudi Cable Co. (SCC) announced that the board of directors of its associate company, Midal Cables Co., decided in its meeting held on Nov. 25 to distribute dividends to partners for 2024. In a statement to Tadawul, the company said its share of the dividends amounts to SAR 56.25...

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Business & Money | Tuesday 26 November, 2024 10:55 am

Al-Ahsa to receive SAR 3.5B boost with 17 tourism projects: Al Khateeb

Minister of Tourism Ahmed Al Khateeb announced that the tourism sector is supporting 17 major projects in Al-Ahsa, with a total value exceeding SAR 3.5 billion, which will provide more than 1,800 hotel rooms. According to the Saudi Press Agency (SPA), the minister emphasized that these...

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Business & Money | Tuesday 26 November, 2024 10:54 am

SAIB successfully issues first Tier 1, $750M sustainable sukuk

The Saudi Investment Bank completed the debut offering of its USD-denominated Tier 1 Sustainable Sukuk Issuance of US$ 750 million on 21st November 2024, under its US$ 1.5 billion Additional Tier 1 Sukuk Program. The offering marks the first ever USD Tier 1 sustainable offering by the Bank in the...

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Business & Money | Tuesday 26 November, 2024 10:48 am

28th World Investment Conference Kicks Off in Riyadh, Uniting Global Leaders in Investment for Sustainable Growth.

Invest Saudi and The World Association of Investment Promotion Agencies (WAIPA) officially launched the 28th World Investment Conference (WIC) today in Riyadh. With an overarching theme of ‘Harnessing Digital Transformation and Sustainable Growth: Scaling Investment Opportunities’, the first...

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