Business & Money | Wednesday 25 September, 2024 10:48 am

Emirates NBD and Landmark Retail sign first private sector ESG-linked working Capital facility agreement in Saudi

Emirates NBD, the leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has announced the signing of an ESG-linked working Capital facility with Landmark Retail: the leading value conglomerate in the retail sector in the Middle East. This marks the first time a private...

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Business & Money | Wednesday 25 September, 2024 10:42 am

Riyadh Season Card Wembley Edition: A Saudi Mark in the World of Records

Riyadh Season has set a new record in the UK, with 98,128 attendees at the historic Riyadh Season Card Wembley Edition boxing event. The event, which began with the Saudi national anthem, was attended by His Excellency the chairman of the General Entertainment Authority’s board of directors Mr....

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Business & Money | Wednesday 25 September, 2024 10:35 am

Dell and Ejada Sign MoU to Drive New Opportunities in Artificial Intelligence and Multi-Cloud Solutions

Dell Technologies and Ejada today signed a Memorandum of Understanding (MoU) to collaborate and explore growth opportunities in artificial intelligence (AI), generative AI, and multi-cloud solutions using Dell’s APEX consumption models. Under the terms of the MoU, both Dell and the...

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Business & Money | Wednesday 25 September, 2024 10:27 am

DAR GLOBAL AND MOUAWAD HIGH JEWELLERY HOUSE UNVEIL SAR 880 MILLION LANDMARK RESIDENTIAL PROJECT

Dar Global, the London-Stock Exchange listed international real estate company, has entered into a landmark partnership with Mouawad, the luxury jeweler, to launch a unique SAR 880 million (GBP 180 million) residential project close to World Expo 2030 in the North of Riyadh. The high-profile...

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Business & Money | Wednesday 25 September, 2024 10:08 am

Banan board OKs establishing real estate development company

Banan Real Estate Co.'s board of directors gave the go-ahead for establishing a simplified joint stock company specialized in real estate development and investment, in partnership with its subsidiary, Al-Azizah Real Estate Investment and Development Co., and other shareholders. In a statement ...

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Business & Money | Wednesday 25 September, 2024 10:04 am

Lana secures SAR 5M credit facilities from BSF

Lana Medical Co. obtained Shariah-compliant credit facilities worth SAR 5 million from Banque Saudi Fransi (BSF). In a statement to Tadawul, the company said that the financing term is 1,080 days and the amount is covered by promissory notes. The credit facilities were obtained to finance ...

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Business & Money | Wednesday 25 September, 2024 10:00 am

Saudi Arabia draws $144B in foreign investments, says Alkhorayef

Saudi Arabia attracted $144 billion in foreign investments as part of Vision 2030, aiming to drive further growth by expanding industrial exports to reach $150 billion by 2030, said Minister of Industry and Mineral Resources Bandar Alkhorayef. In a press release picked up by Argaam, Alkhorayef ...

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Business & Money | Wednesday 25 September, 2024 9:58 am

Riyadh Steel shareholders nod nominal value reduction to SAR 1/share

Shareholders of Riyadh Steel Co. approved the board's recommendation to reduce the stock’s nominal value from SAR 10 to SAR 1 per share, during an extraordinary general meeting (EGM) on Sept. 24, according to a Tadawul statement. There is no change in the company’s capital...

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Business & Money | Wednesday 25 September, 2024 9:56 am

Aramco to raise up to $3B from Sukuk, sets price guidance: Report

Saudi Arabian Oil Co. (Saudi Aramco) plans to raise up to $ 3 billion in five- and 10-year US dollar-denominated Sukuk, Reuters news agency reported citing some sources. The five-year Sukuk has price guidance of US Treasuries plus around 120 basis points, while the 10-year issue has US...

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Business & Money | Wednesday 25 September, 2024 9:50 am

Riyadh Municipality signs 5 contracts worth SAR 6B to improve road quality

Riyadh Municipality signed five contracts worth SAR 6 billion aimed at improving road quality in the Saudi capital, with the scope of work covering an area of 83 million square meters for a period of five years. According to the municipality, these contracts are aimed at stepping Riyadh’s...

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