Business & Money | Monday 25 November, 2024 8:00 am

Maktoum bin Mohammed chairs Dubai Real Estate Corporation Board meeting, approves 2025 budget

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and Chairman of Dubai Real Estate Corporation, today met with the corporation’s Board of Directors to approve its budget for 2025. During the meeting, the board...

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Business & Money | Monday 25 November, 2024 8:00 am

National Building’s subsidiary renews SAR 127M credit facilities with Al Rajhi Bank

National Building and Marketing Co.’s subsidiary, Ajeej Steel Manufacturing Co., renewed a Shariah-compliant credit facility agreement worth SAR 127 million with Al Rajhi Bank. The facility, running for four to 48 months depending on the nature of utilization, is guaranteed by the main terms ...

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Business & Money | Monday 25 November, 2024 8:00 am

Nice One issues prospectus for TASI offering of 34.65M shares

Nice One Beauty Digital Marketing Co. issued the prospectus for floating 34.65 million shares, representing 30% of post-IPO capital (31.5% of pre-IPO capital), on the Main Market (TASI), at a nominal value of SAR 1 apiece.The offering includes the sale of 25.24% of current shares and the issuance...

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Business & Money | Monday 25 November, 2024 8:00 am

Shelf Drilling, Borr Drilling suspend offshore rigs in Saudi Arabia

Shelf Drilling and Borr Drilling announced receiving notices to suspend operations on their offshore drilling rigs in Saudi Arabia. Shelf Drilling said in a press statement that it received a notice to suspend operations on the High Island 2 rig from its Middle Eastern client Saudi...

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Business & Money | Monday 25 November, 2024 8:00 am

Saudi economic growth likely to further accelerate in 2025: Riyad Capital

Riyad Capital said, in its “Saudi Economic Chartbook” report, it projects continued solid growth for non-oil activities, fostered by a growth-oriented fiscal policy, supported by the Public Investment Fund (PIF), with a focus on increased investment spending which will spur growth in the coming ...

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Business & Money | Monday 25 November, 2024 8:00 am

World Investment Conference kicks off in Riyadh on Nov. 25

The World Association of Investment Promotion Agencies (WAIPA) and Invest Saudi will hold the 28th annual World Investment Conference (WIC) in Riyadh from Nov. 25 to 27, under the patronage of Crown Prince and Prime Minister Prince Mohammed bin Salman. The event will gather global leaders in...

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Business & Money | Monday 25 November, 2024 8:00 am

TAWAL and 5SKYE Join Forces to Empower Saudi Arabia’s Digital Future

TAWAL, the leading Saudi ICT Infrastructure Company, and 5SKYE, a pioneering provider of edge AI infrastructure solutions, have signed a partnership agreement to support the acceleration of Saudi Arabia’s digital transformation. Under the agreement, TAWAL and 5SKYE will jointly deploy 5SKYE’s...

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Business & Money | Sunday 24 November, 2024 10:21 am

Miral rents new dental center in Riyadh for SAR 18.4M

Miral Dental Clinics Co. signed, on Nov. 21, a contract with Abdulrahman Mohammed Al Ateeq Real Estate Office to rent a new branch in Riyadh for 10 years starting from June 1, 2025, at a total value of SAR 18.4 million (VAT inclusive). In a statement to Tadawul, the company said that the new...

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Business & Money | Sunday 24 November, 2024 10:18 am

MARAFIQ inks deals with SNB, BSF, SAB to reschedule SAR 5.9B loans

Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) signed today, Nov. 24, bilateral agreements to reschedule its existing Islamic loans worth SAR 5.9 billion with Banque Saudi Fransi (BSF), Saudi Awwal Bank (SAB), and Saudi National Bank (SNB). In a Tadawul statement, MARAFIQ said...

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Business & Money | Sunday 24 November, 2024 10:15 am

Fakeeh Care renews SAR 750M credit facility deal with ANB

Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) signed a renewal of a SAR 750 million Shariah-compliant credit facility at competitive terms and conditions with Arab National Bank (ANB). In a statement to Tadawul, the company said that the mainly long-term facility will be available...

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