Business & Money | Monday 9 October, 2023 7:04 am

Monsha’at and Leading Saudi Entrepreneurs Take Part in Global Entrepreneurship Congress 2023

A Saudi Arabian delegation comprising some of the nation’s leading entrepreneurs recently participated in the Global Entrepreneurship Congress 2023 (GEC23), led by Monsha’at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia. Among Monsha’at’s objectives ...

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Business & Money | Sunday 8 October, 2023 12:42 pm

Amazon Saudi Hosts Annual Seller Summit to Empower Local Businesses to Grow Online

Amazon Saudi Arabia recently hosted its annual Seller Summit in Riyadh, showcasing a suite of cutting-edge tools and services designed to empower small and medium-sized businesses (SMBs) in Saudi Arabia. These innovations are tailored to help SMBs reach millions of online customers and drive...

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Business & Money | Sunday 8 October, 2023 11:55 am

Thakher Development Company Receives the “Best Infrastructure Developer”

Thakher Development Company, received the “Best Infrastructure Developer” award 2023 under the Real Estate category at the Saudi Building & Infrastructure Awards 2023 which took place in Riyadh, Kingdom of Saudi Arabia, and organized as part of the 2nd edition of Saudi Building &...

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Business & Money | Sunday 8 October, 2023 9:42 am

NADEC says MC2 assets transferred to Food Security Holding, ups stake to 14.87%

National Agricultural Development Co. (NADEC) announced that following the transfer of all assets of the Second Milling Co. (MC2) to the Food Security Holding Co., a limited liability firm, the two companies were merged under the name the Second Milling Co....

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Business & Money | Sunday 8 October, 2023 9:41 am

TAM Development signs SAR 9.4 mln contract with Ministry of Culture

TAM Development Co. signed on Oct. 5 a SAR 9.44 million contract with the Ministry of Culture, according to a Tadawul statement. The contract is valid for 10 months, the company said in a statement to Tadawul, expecting its financial impact to show starting Q4 2023. On June 26, TAM was...

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Business & Money | Sunday 8 October, 2023 9:35 am

Saudi Ceramics signs non-binding LOI to establish sanitaryware firm

Saudi Ceramic Co. announced that it signed a preliminary, non-binding agreement (term sheet) with Ectasias Yapı Gereçleri A.Ş (EYAP) affiliated with the Turkey’s Eczacıbaşı Group, according to a statement on Tadawul. During the term of the agreement, the two companies will complete the ...

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Business & Money | Sunday 8 October, 2023 9:31 am

Sulaiman Al Habib appoints Faisal Al Nassar as CEO

Dr. Sulaiman Al Habib Medical Services Group's (HMG) board of directors appointed on Oct. 8 Faisal Al Nassar as CEO.   Nassar holds a bachelor's degree in accounting and information systems from the College of Industrial Management (CIM) at King Fahd University of Petroleum and...

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Business & Money | Sunday 8 October, 2023 9:18 am

GFH Partners acquires $150 mln logistics assets in Saudi Arabia, UAE

GFH Partners completed the acquisition of a diversified logistics and industrial portfolio worth $150 million (nearly SAR 563 million) in Saudi Arabia and the UAE. This portfolio includes a mix of logistics and industrial assets in Saudi Arabia and the UAE. The portfolio comprises...

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Business & Money | Sunday 8 October, 2023 9:02 am

PIF signs MoU to subscribe to new cash shares in Saudi Re via capital hike

Saudi Reinsurance Co. (Saudi Re) signed on Oct. 7 a non-binding memorandum of understanding (MoU) with the Public Investment Fund (PIF), under which the fund will subscribe to new cash shares in the former by way of capital increase while suspending preemptive rights of the current...

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Business & Money | Sunday 8 October, 2023 8:55 am

Ladun subsidiary signs SAR 70.4 mln contract with Amaala for aluminum works

Ladun Investment Co. announced that Built Aluminum Factory (BAFCO), which is owned by its subsidiary Built Industrial Co., signed, on Oct. 5, a 451-day contract worth SAR 70.4 million worth contract with Amaala.   The contract aims at implementing aluminum and facade works at the...

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