Business & Money | Monday 21 October, 2024 9:52 am

Neft Alsharq signs SAR 2.6M contract to supply goods

Neft Alsharq Company for Chemical Industries signed a contract with the First Circle Capital Co. to supply engine oils to an African country for $685,200 (or SAR 2.57 million). The company said in a statement on Tadawul that the 60-day contract started from the signing date, indicating...

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Business & Money | Monday 21 October, 2024 9:43 am

View inks SAR 17.83M credit facility agreement with Al Rajhi Bank

View United Real Estate Development Co. signed a Shariah-compliant credit facility agreement with Al Rajhi Bank at SAR 17.83 million, according to a statement to Tadawul. The 24-month credit facility term will be utilized to finance 66% of the cost of land purchased in Al-Nargis district,...

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Business & Money | Monday 21 October, 2024 9:41 am

Al Yamamah Steel inks SAR 309M supply contracts

Al Yamamah Steel Industries Co. signed, on Oct. 20, a one-year contract with Larsen & Toubro Saudi Arabia (L&T) for SAR 170.5 million, according to a statement to Tadawul. Under the contract, Al Yamamah Steel will provide L&T with steel towers for the construction of a 500 KV...

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Business & Money | Monday 21 October, 2024 9:33 am

Aramco’s CEO calls for new energy transition plan with focus on Asia

Aramco President & CEO, Amin Nasser, called for a new energy transition plan that considers the needs of all countries, specifically those in Asia and the broader Global South. A Transition Plan 2.0 was necessary to account for the Asian continent’s crucial role on the global stage, its...

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Business & Money | Monday 21 October, 2024 9:06 am

Saudia Signs Agreement with The Ministry of Human Resources and Social Development

Saudia, the national flag carrier of Saudi Arabia, and the Ministry of Human Resources and Social Development (HRSD) have signed an agreement to provide exclusive benefits to the beneficiaries of the HRSD’s employee loyalty program “DOAM”.  Under the patronage of H.E....

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Business & Money | Monday 21 October, 2024 8:34 am

GCCIA to Host International Forum in Collaboration with EPRI, GO15, and Med-TSO to Drive the Energy Transition Towards Net Zero

Under the generous patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province of the Kingdom of Saudi Arabia, an international forum titled ‘Powering the Future Toward Net Zero’ will be organized by the GCC Interconnection Authority (GCCIA), in...

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Business & Money | Sunday 20 October, 2024 10:51 am

PIF’s Ayar eyes new Lucid shares for SAR 1.3B

Ayar Third Investment Co., an affiliate of the Public Investment Fund (PIF), intends to buy new shares from US automaker Lucid Group in a separate private deal, Bloomberg reported. Lucid seeks to raise new funding from selling 676.5 million shares in a public offering, private placement, and...

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Business & Money | Sunday 20 October, 2024 10:45 am

APICO renews SAR 102.5M facilities agreement with SAIB

Arabian Plastic Industrial Co. (APICO) renewed a SAR 102.5 million facilities agreement with The Saudi Investment Bank (SAIB). According to a statement on Tadawul, the renewed banking facilities included a working capital facility limit of SAR 47 million for a tenure of 12 months. They...

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Business & Money | Sunday 20 October, 2024 10:43 am

First Avenue pens SAR 75M contract to complete office complex in Riyadh

First Avenue Real Estate Development Co. signed an agreement worth SAR 75 million with Alidara Real Estate Co. to finalize the development and implementation of an office complex project in Riyadh. In a Tadawul statement, the company said the 20-month project is located in Qurtubah district on ...

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Business & Money | Sunday 20 October, 2024 10:40 am

solutions establishes Amana Tech in partnership with Jedco

Arabian Internet and Communications Services Co. (solutions) announced on Oct. 17 that Amana Tech Co. for Business Solutions was established in partnership with Jeddah Development and Urban Regeneration Co. (JDURC), which is owned by the Jeddah Municipality. The company explained in a...

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