Business & Money | Sunday 17 November, 2024 10:44 am

Saudi Arabia Concludes Impactful Tenure as Chair at the 122nd UN Tourism Executive Council in Colombia

 At the 122nd Executive Council session held from 13-15 November in Cartagena, Colombia, Saudi Arabia has concluded its two-year chairmanship term by calling on the industry to continue to strengthen the global tourism agenda. The chair of the UN Tourism Executive Council is pivotal in guiding ...

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Business & Money | Friday 15 November, 2024 3:45 pm

Tilal plans 3,000 units with SAR 3B investments in 4 Saudi cities: CEO

Tilal Real Estate Co. revealed plans to build 3,000 residential units in four Saudi cities with total investments of over SAR 3 billion, in coordination with National Housing Co. (NHC), CEO Abdulrahman AlBassam told Al-Eqtisadiah newspaper.   Tilal is in process of expanding its...

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Business & Money | Friday 15 November, 2024 12:59 am

Najm for Insurance Services Wins Prestigious “Best Call Center” Award at Saudi Customer Experience Awards

Najm for Insurance Services has been awarded the prestigious “Best Call Center for the companies with more than 1000 employees” at the Saudi Customer Experience Awards ceremony, held on Tuesday, November 13, in Riyadh. The event was attended by an esteemed group of business leaders, prominent...

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Business & Money | Friday 15 November, 2024 12:07 am

RIKAZ Participates in the Cityscape Global Exhibition and Signs Agreements in the Hospitality Sector Worth Approximately SAR 440 million

RIKAZ, a leader in real estate development, is participating in the Cityscape Global exhibition, which will be held from November 11 to 14 at the Riyadh Exhibition and Conference Center in Malham, north of the capital, under the theme "Future of Life". In its vast exhibition booth, spanning...

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Business & Money | Thursday 14 November, 2024 10:09 am

PIF sells 2% stake in stc for SAR 38.6/share

The Public Investment Fund (PIF) announced the completion of an accelerated bookbuild offering to sell the fund’s stake of 2% in stc, according to a statement by Goldman Sachs Saudi Arabia and SNB Capital, joint global coordinators and joint bookrunners. The final selling price was set at...

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Business & Money | Thursday 14 November, 2024 9:39 am

Retal, Albilad Capital sign MoU to launch SAR 2B real estate fund

Retal Urban Development Co. signed a memorandum of understanding (MoU) with Albilad Capital to launch a closed-end real estate investment fund, with an estimated value of SAR 2 billion. The fund will be geared towards developing and managing a multi-use project, according to statement to...

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Business & Money | Thursday 14 November, 2024 9:30 am

Thakher Development and Mulkia Investment Establish a Real Estate Fund Worth Nearly One Billion SAR in Mecca

Thakher Development, the principal developer responsible for the master plan and infrastructure of the Thakher Mecca project, in collaboration with Mulkia Investment and under the auspices of the Ministry of Municipal and Rural Affairs and Housing, announced the establishment of a real estate fund...

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Business & Money | Wednesday 13 November, 2024 11:59 am

Mobily acquires 120 MHz frequency spectrum for SAR 2.5B

Etihad Etisalat Co. (Mobily) acquired on Nov. 11 a license to use 120 MHz frequency for 15 years, at a total value of SAR 2.48 billion. The license came after the telco recently participated in the frequency spectrum auction, held by the Communications, Space and Technology Commission (CST),...

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Business & Money | Wednesday 13 November, 2024 11:47 am

Tatweer and NHC Sign Agreement for Major Mixed-Use Project Worth SAR 1.5 Billion During Cityscape Global

 Tatweer has signed an (MOU) with NHC to collaborate on the development of a major mixed-use project. The MOU signing ceremony was attended by His Excellency Minister of Housing, Majid bin Abdullah Al-Hogail; Deputy Minister, Eng. Ihab bin Ghazi Al-Hoshani; CEO of NHC, Eng. Mohammed bin Saleh...

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Business & Money | Tuesday 12 November, 2024 8:47 am

NHC inks real estate deals worth above SAR50B

The National Housing Co. signed today, Nov. 11, agreements with 23 local and international real estate developers, at a total value of more than SAR 50 billion, on the sidelines of the Cityscape Global exhibition. The agreements aim to build and develop 62,000 housing units in Khazam,...

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