Business & Money | Monday 15 July, 2024 10:17 am

ADNOC Gas awards $550 million contracts to expand UAE gas infrastructure, increase customer reach

ADNOC Gas plc today announced the award of engineering, procurement and construction (EPC) contracts for the next phase of the UAE sales gas pipeline network enhancement "ESTIDAMA Project". Separately, ownership of ESTIDAMA is being transferred from ADNOC Gas to ADNOC, thereby significantly...

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Business & Money | Monday 15 July, 2024 10:13 am

27 firms list shares on Nomu, 3 move to TASI: Kafalah

The Small and Medium Enterprises Loan Guarantee Program (Kafalah) supported almost 27 medium-sized companies to list shares on the Nomu-Parallel Market, CEO Homam Hashem told CNBC Arabia. Three of these companies have transitioned to the Main Market (TASI). Since its launch in 2006 until...

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Business & Money | Monday 15 July, 2024 10:10 am

Saudi Arabia tops MENA for venture capital investment in H1 2024

Saudi Arabia has taken the top rank across MENA in terms of the amount of venture capital (VC) funding in H1 2024, with about $412 million, according to venture data platform MAGNiTT.   The Saudi venture investment market began the year in line with its performance in H1 2023, with...

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Business & Money | Monday 15 July, 2024 10:08 am

Diriyah Club ownership transferred to PIF

Diriyah Company announced that the ownership of Diriyah Club has been now transferred to Diriyah Company, owned by the Public Investment Fund (PIF). Crown Prince Mohammed bin Salman has been named as Chairman. On its X platform, the company said the ownership has been transferred in line with...

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Business & Money | Monday 15 July, 2024 10:06 am

Sure inks SAR 52M contract to develop digital platform for infath

Sure Global Tech Co. signed, on July 14, a contract worth SAR 51.99 million (VAT inclusive) to develop a digital platform for the Entrustment and Liquidation Center (infath). The three-year contract covers providing technical support to infath to help expedite and automate the liquidation...

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Business & Money | Monday 15 July, 2024 10:04 am

Horizon Educational signs lease with Tatweer for Riyadh land

Horizon Educational Co. signed on July 11 a lease for a land plot in Dhahrat Laban, Riyadh, with Tatweer Buildings Co., according to a statement to Tadawul.  The company seek to establish and operate an educational complex, named Horizon International Schools, on the...

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Business & Money | Monday 15 July, 2024 10:03 am

Umm Al-Qura Cement joins industrial sector competitiveness program

Umm Al-Qura Cement Co.  joining the industrial sector competitiveness program by signing an agreement that will provide several solutions to raise the efficiency and quality of energy sources used in the industrial facilities, according to a statement to Tadawul.The program will contribute to...

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Business & Money | Monday 15 July, 2024 8:32 am

Dubai Customs Director General discuss bilateral trade prospects with Indonesian Consul-General

 As part of Dubai Customs’ commitment to having stronger ties with foreign diplomatic corps to support the growth of Dubai's non-oil external trade, H.E. Dr. Abdullah Mohammed Busenad, Dubai Customs Director General, received H.E. K. Katarika Candra Negara the Indonesian Consul-General in...

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Business & Money | Sunday 14 July, 2024 11:30 am

NWC starts implementing 14 water and environmental projects in Qassim worth SR +561 million

The National Water Company (NWC), represented by its Northern Cluster, has started the implementation of 14 water and sanitation projects in different parts of the Qassim region. The total cost amounts to more than 561 million Saudi riyals to increase the supply of water and environmental services, ...

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Business & Money | Sunday 14 July, 2024 10:46 am

ADES Holding secures SAR 11.3B upsized syndicated credit facility

ADES Holding Co. successfully amended its existing syndicated facility, securing an additional $3 billion (SAR 11.3 billion), with the majority of existing lenders participating, along with new local and regional financial institutions. In a statement to Tadawul, the company said that the ...

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