Business & Money | Tuesday 25 March, 2025 11:38 am

Aramco completes 50% acquisition of BHIG

Saudi Arabian Oil Co. (Saudi Aramco) completed today, March 24, the acquisition of a 50% stake in the Jubail-based Blue Hydrogen Industrial Gases Co. (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ). The deal brings together industry experts to supply hydrogen, including...

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Business & Money | Tuesday 25 March, 2025 11:34 am

SAIC inks SAR 100M credit facility deal with Alinma Bank

Saudi Advanced Industries Co. (SAIC) signed today, March 24, a Shariah-compliant credit facility agreement with Alinma Bank worth SAR 100 million, aimed to finance expanding the company’s investments. In a statement to Tadawul, SAIC said the one-year financing is guaranteed by a promissory...

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Business & Money | Tuesday 25 March, 2025 11:21 am

Saudi Coffee Company Partners with Halal Products Development Company to Expand Coffee in the Halal Market

The Saudi Coffee Company (SCC) and Halal Products Development Company (HPDC) have announced the signing of a Strategic Cooperation Agreement aimed at enhancing collaboration between the coffee industry and halal sector, expanding access to coffee products through certifications. This strategic ...

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Business & Money | Monday 24 March, 2025 11:16 am

Al Ashghal Al Moysra signs SAR 16.5M deal with RCJY

Al Ashghal Al Moysra Co. signed today, March 23, a contract worth SAR 16.5 million with the Royal Commission for Jubail and Yanbu (RCJY) for the provision of furniture and office equipment moving services. The three-year contract is expected to have a positive impact on financial results for...

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Business & Money | Monday 24 March, 2025 11:14 am

SAMA licenses Al-Annaya Al-Yatmania to provide finance aggregation services

The Saudi Central Bank (SAMA) licensed Al-Annaya Al-Yatmania Co. to provide finance aggregation services, bringing the total number of licensed providers in Saudi Arabia to five. The decision aligns with SAMA’s efforts to support the financial sector, enhance transaction efficiency, and...

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Business & Money | Monday 24 March, 2025 10:54 am

Saudi German Health sells land plot for SAR 122M

Middle East Healthcare Co. (Saudi German Health) completed the sale of a 4,000-square meter land plot, in the Al-Sahafa district, Riyadh, for SAR 122 million, exclusive of real estate transaction tax. In a Tadawul statement, the company said the buyers are Al-Lujain Architectural Company for...

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Culture & Education | Sunday 23 March, 2025 1:11 pm

Solitaire Riyadh welcomes Saudi art and champions creativity this Ramadan and beyond

The new luxury lifestyle space has transformed into an art destination, with a heartwarming Ramadan installation and immersive gallery reinventing the art-buying experience Cementing its position as more than a luxury retail space, but a world where retail, dining, wellness, entertainment and...

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Business & Money | Sunday 23 March, 2025 10:13 am

SASCO opens 5 new stations in Riyadh, Madinah

Saudi Automotive Services Co. (SASCO) opened five new stations in Riyadh, and Madinah. Four stations are located in Al-Narjis, Al-Rabie, Tuwaiq and Imam Abdullah bin Saud Road in Riyadh, while one is situated in Al-Sadd district, Madinah, SASCO said on X. ...

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Business & Money | Sunday 23 March, 2025 9:44 am

Emirates NBD recognized as the “Best Foreign Bank in KSA”

Emirates NBD, the leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has been named been named the “Best Foreign Bank in Saudi Arabia” at the prestigious EMEA Finance Middle East Banking Awards 2024 Held on 26 February 2025, at the Sheraton Grand Hotel in...

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Business & Money | Saturday 22 March, 2025 6:02 pm

Jabal Omar sells land plot in Makkah project at SAR 1.1B

Jabal Omar Development Co. announced today, March 20, signing a contract to sell a 6,001-square-meter land plot within its Makkah-based project for SAR 1.14 billion, with the buyer bearing the real estate transaction tax and brokerage fees.   In a statement to Tadawul, the company...

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