Business & Money | Wednesday 21 August, 2024 10:03 am

Naseej Tech inks SAR 44.5M contract with Education Ministry

Naseej for Technology Co. (Naseej Tech) signed today, Aug. 20, a contract worth SAR 44.53 million (including VAT) with the Ministry of Education for Saudi Digital Library subscription to digital information resources, according to a statement to Tadawul. The three-year contract entails a...

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Business & Money | Wednesday 21 August, 2024 10:01 am

Bena to set up SAR 25M steel plant in Riyadh

Bena Steel Industries Co.'s board of directors approved today, Aug. 20, the establishment of a steel manufacturing plant in Riyadh at a cost of about SAR 25 million. The project commencement date and the executing party/counterparties will be announced later, the company said in a statement to ...

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Business & Money | Wednesday 21 August, 2024 10:00 am

Lana wins project from Ministry of Defense

Lana Medical Co. was awarded a project for the disposal of high-risk medical waste for the General Directorate of Health Services and hospitals, clinics, and related departments affiliated with the Ministry of Defense. The project value (SAR 2.43 million) exceeds 5% of Lana’s total revenues...

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Business & Money | Wednesday 21 August, 2024 9:57 am

ACWA Power starts development of Biruni wind power plant in Uzbekistan

ACWA Power announced it began today construction of the Biruni independent power plant project in Karakalpakstan, Uzbekistan. The project includes the construction of a 200 MW wind power plant and a 100 MW battery storage system in the Biruni region of Karakalpakstan. The investment value ...

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Business & Money | Wednesday 21 August, 2024 9:47 am

PCFC launches "Safe Hands... Safe Repairs" Campaign to enhance Health and Safety Standards in the Ship Repair Sector

The Department of Planning and Development - Trakhees at the Ports, Customs, and Free Zone Corporation has launched the "Safe Hands...Safe Repairs" campaign to promote awareness and compliance with the highest health and environmental safety standards in the ship repair sector. The initiative...

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Business & Money | Wednesday 21 August, 2024 9:38 am

Emirates Health Services Enhances Bureaucracy Elimination with Telemedicine Services

Emirates Health Services (EHS) continues its pioneering journey in implementing the Zero Government Bureaucracy Programme and improving customer experience by enhancing the quality of its specialized telemedicine services. The service now benefits over 2,200 patients annually, including those with...

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Business & Money | Tuesday 20 August, 2024 10:39 am

‘Dubai Business Forum – China’ kicks off tomorrow in Beijing

The Dubai Business Forum – China will kick off on Wednesday, showcasing the diverse investment opportunities available in the emirate and attracting multinational companies, unicorns, and fast-growing startups from China to Dubai. The two-day forum, organised by the Dubai Chamber, aims to...

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Business & Money | Tuesday 20 August, 2024 10:36 am

Al-Modawat board approves new subsidiary setup

Al-Modawat Specialized Medical Co.’s board of directors approved on Aug. 19 establishing a new 100% owned limited liability Co. in Egypt for investment in the medical industry, according to a statement to Tadawul. This will occur after fulfilling the regulatory requirements and obtaining the ...

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Business & Money | Tuesday 20 August, 2024 10:34 am

Red Sea subsidiary inks SAR 167.8M contract

Red Sea International Co.'s subsidiary, The Fundamental Installation for Electric Work Co. Ltd. (First Fix), signed on Aug. 19, a contract worth SAR 167.78 million (VAT inclusive) with Modern Building Leaders Co. (MBL), according to a Tadawul statement. Under the three-year contract, the...

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Business & Money | Tuesday 20 August, 2024 10:29 am

Al Jouf Cement secures SAR 150M facilities from Al Rajhi Bank

Al Jouf Cement Co. obtained Shariah-compliant banking facilities from Al Rajhi Bank worth SAR 150 million. In a statement to Tadawul, the cement producer said that the financing period is eight years including a one-year grace period. The company provided a promissory note and mortgaged a part ...

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