Business & Money | Monday 4 November, 2024 10:24 am

Sure signs SAR 14M contract with RDIA

Sure Global Tech Co. signed today, Nov. 3, a contract worth SAR 14 million (inclusive of VAT) with the Research, Development, and Innovation Authority (RDIA) to establish and develop the National Platform for Research, Development, and Innovation Support Management. In a statement to Tadawul,...

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Business & Money | Monday 4 November, 2024 10:22 am

Edarat signs SAR 73M contract with Engie Solutions

Edarat Communication and Information Technology Co. (Edarat) signed today, Nov. 3, a three-year contract with Engie Solutions Co. to provide operation and maintenance services for SAHAYEB data center facilities, according to a statement to Tadawul. The estimated value of the initial purchase...

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Business & Money | Monday 4 November, 2024 10:19 am

Academy of Learning gets SAR 30M facilities from Bank Albilad

Academy of Learning Co. (AOL) obtained today, Nov. 3, Shariah-compliant credit facilities from Bank Albilad at a total value of SAR 30 million to finance future expansions. The facilities have a four-year term and are secured by a performance guarantee by the company’s Chairman and a...

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Business & Money | Monday 4 November, 2024 10:09 am

Eastern Municipality awards project to establish 2.4M-sqm industrial city in Dammam

The Eastern Province Municipality awarded today, Nov. 3, a project to establish an integrated industrial city in Dammam on an area of 2.4 million square meters (sqm), in addition to developing the infrastructure and services in the site’s industrial masterplan. The scope of work entails...

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Business & Money | Monday 4 November, 2024 10:01 am

BinDawood Holding details full acquisition of Zahrat Al Rawdah for SAR 444M

BinDawood Holding Co.'s board of directors approved the acquisition of 100% of Zahrat Al Rawdah Pharmacies Co. in Saudi Arabia and the signing of a share sale and purchase agreement (SPA) with Planet Pharmacies Ltd and Kawakeb AlSaydailyat Co. In a Tadawul statement, the company said the...

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Business & Money | Sunday 3 November, 2024 10:23 am

UAE becomes first Arab board member of International Electrotechnical Commission

The UAE has been elected to serve on the Board of the International Electrotechnical Commission (IEC) for 2025-2027, becoming the first Arab country to be voted into the Board. The election took place at the IEC General Assembly held in Edinburgh, United Kingdom, in October, where Farah Al...

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Business & Money | Sunday 3 November, 2024 10:21 am

Ministry of Energy and Infrastructure holds 12th Harbor Masters meeting

The Ministry of Energy and Infrastructure (MoEI) organised the 12th Harbor Masters meeting that aimed to explore ways to enhance port efficiency and maritime processes and highlight challenges in the sector. The meeting also showcased latest technologies in maritime process management, and...

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Business & Money | Sunday 3 November, 2024 10:19 am

RAK Properties launches final phase of 'Quattro Del Mar'

RAK Properties announced the release of the final phase of Quattro Del Mar, its iconic waterfront development in Mina Al Arab. This follows the successful launch of the project during 2024 and subsequent to rapid sell-out of released units.Located in Mina Al Arab, RAK Properties’ flagship...

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Business & Money | Sunday 3 November, 2024 10:16 am

Ladun purchases commercial residential complex in Riyadh for SAR 83.9M

Ladun Investment Co. purchased on Oct. 31 a commercial residential complex in Riyadh for SAR 83.85 million, including brokerage fees and real estate transaction tax, according to a statement to Tadawul. The deal will be financed from bank facilities as well as internal resources. The...

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Business & Money | Sunday 3 November, 2024 10:12 am

World’s largest energy event ADIPEC 2024 opens Monday in Abu Dhabi

The global energy community will converge in the UAE on Monday, 4 November, as the world’s largest energy event, ADIPEC 2024, opens its doors at the ADNEC Centre in Abu Dhabi.  Hosted by ADNOC under the theme Connecting Minds. Transforming Energy., ADIPEC 2024 will explore the...

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