Business & Money | Monday 24 March, 2025 11:32 am

Aramco explores new investment opportunities in China: CEO

Saudi Aramco President and CEO Amin Nasser said the company continues to explore new and additional investment opportunities in China. Nasser pointed out that China represents a large market for Aramco and is a key element in the company's global strategy. He further explained...

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Business & Money | Monday 24 March, 2025 11:05 am

SHL renews SAR 1.9B credit facility deal with ANB

SHL Finance Co. renewed a Shariah-compliant credit facility agreement worth SAR 1.91 billion with Arab National Bank (ANB), according to a statement to Tadawul. The five-year facility is secured by a promissory note for the full financing amount. SHL also assigned financing contract...

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Business & Money | Monday 24 March, 2025 11:03 am

NADEC subsidiary signs financing agreement with ADF for up to SAR 1.1B

National Agricultural Development Co. (NADEC) said that its subsidiary, AlRai National Livestock (a limited liability company, 51% owned by NADEC), signed a financing agreement with the Agricultural Development Fund (ADF) with a ceiling of SAR 1.1 billion. The funds will be used to establish a ...

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Business & Money | Monday 24 March, 2025 10:59 am

Cenomi Centers’ EGM approves SAR 3.75B sukuk issue

Arabian Centres Co.’s (Cenomi Centers) extraordinary general meeting (EGM) approved, on March 23, authorizing the company to offer one or more issuances of Shariah-compliant sukuk certificates of up to SAR 3.75 billion or equivalent amount in any other currencies as may be determined by the board ...

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Business & Money | Sunday 23 March, 2025 9:57 am

Under the Patronage of the Minister of Human Resources and Social Development Social Development Bank Signs Two Cooperation Agreements in the Makkah Region

His Excellency Eng. Ahmed bin Sulaiman Al-Rajhi, Minister of Human Resources and Social Development and Chairman of the Board of Directors of the Social Development Bank (SDB), sponsored the signing of development agreements during his visit to the Makkah region. The visit included a series of...

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Business & Money | Saturday 22 March, 2025 5:58 pm

GACA classifies air carriers, airports in February

The General Authority of Civil Aviation (GACA) issued an index for the classification of air transport service providers and airports based on the number of complaints filed by travelers to the authority in February 2025.   The total number of complaints submitted by passengers...

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Business & Money | Saturday 22 March, 2025 5:56 pm

IA studies cancelling medical approvals: CEO

The Insurance Authority (IA) and other relevant entities and experts, are studying to cancel approvals for health insurance services. This move aims to make it easier for beneficiaries and avoid late approvals, Alriyadh newspaper reported, citing CEO Naji Al-Tamimi.   There are some...

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Government | Saturday 22 March, 2025 5:53 pm

ZATCA sets criteria for target taxpayers in Wave 22 of e-invoicing

Zakat, Tax and Customs Authority (ZATCA) determined the criteria for selecting the target taxpayers in Wave 22 for implementing the "integration phase" of e-invoicing.   In a statement, the authority clarified that this wave included all taxpayers whose revenues subject to VAT...

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Business & Money | Saturday 22 March, 2025 5:50 pm

Abeer Alaql named CEO of Royal Commission for AlUla

The Royal Commission for AlUla (RCU) appointed Abeer Alaql as  CEO, the state-run Saudi Press Agency.   Alaql was appointed as Acting CEO of RCU in late January 2024. She  joined RCU in 2017 and held several leadership positions, most recently as Head of the...

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Business & Money | Thursday 20 March, 2025 10:55 am

GCC imposes anti-dumping tariff on Chinese aluminum imports

A ministerial committee, comprising industry ministers from the Gulf Cooperation Council (GCC), approved a recommendation of the Permanent Committee for Combating Harmful Practices in International Trade of GCC countries to impose definitive anti-dumping duties on imports of coated or colored...

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