Business & Money | Monday 26 August, 2024 10:08 am

Saudi Arabia launches Phase I of Riyadh Parking Project

The Riyadh Municipality launched Phase I of the Riyadh Parking Project that is aimed at enhancing the quality of life in the Saudi capital through organizing public parking spaces and developing smart and innovative solutions to reduce incorrect and random parking practices. The initiative...

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Business & Money | Monday 26 August, 2024 10:05 am

Savola shareholders approve SAR 6B rights issue

Savola Group’s shareholders approved increasing capital via a SAR 6 billion rights issue, during the extraordinary general meeting (EGM) on Aug. 25, according to a statement to Tadawul. Capital Increase DetailsCurrent CapitalSAR 5.339 blnCurrent Number of Shares533.98 mlnNew CapitalSAR...

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Business & Money | Monday 26 August, 2024 9:42 am

2P bags SAR 86M project with Ministry of Health

Perfect Presentation for Commercial Services Co. (2P) was awarded a project by the Ministry of Health to operate and maintain the digital infrastructure of 48 hospitals in the central region at a total value of SAR 85.96 million, including VAT, according to a statement to Tadawul. The contract ...

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Business & Money | Monday 26 August, 2024 9:32 am

Saudi Electricity secures $4B credit facility

Saudi Electricity Co. (SEC) signed today, Aug. 25, a $4 billion (SAR 15 billion) joint revolving international credit facility agreement, the company said in a statement on Tadawul. The financiers include Abu Dhabi Commercial Bank (ADCB), Bank of America Europe, First Abu Dhabi Bank (FAB),...

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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...

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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...

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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...

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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. ...

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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...

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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...

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