Business & Money | Thursday 20 March, 2025 10:46 am

Saudi Arabia offers construction tenders for 5 agricultural cities to private sector

Ministry of Environment, Water, and Agriculture launched construction tenders for five agricultural city projects in Al-Baha, through Furas platform. These tenders include the establishment of an agricultural city for prickly pears and another four for coffee, according to a ministerial...

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Business & Money | Wednesday 19 March, 2025 10:29 am

AlBalad AlAmeen, Sumou Holding ink 2 MoUs

AlBalad AlAmeen for Development and Urban Regeneration Co., the investment arm of the Municipality of Makkah, signed a memorandum of understanding (MoU) with Sumou Holding Co. to launch a SAR 4 billion investment fund. The fund will finance the superstructure development of the Sumou Suburb...

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Business & Money | Wednesday 19 March, 2025 10:23 am

NDMC closes March issuance of Sukuk program at SAR 2.6B

The National Debt Management Center (NDMC) closed receiving investor orders for its domestic issuance for March 2025, under the Saudi Arabian Government SAR-denominated Sukuk Program. The total volume allocated was SAR 2.64 billion, NDMC said in a statement today, March 18. The sukuk...

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Business & Money | Wednesday 19 March, 2025 10:14 am

Lucid aims to export 92% of Saudi plant's output: Middle East VP

Faisal Sultan, Vice President, Managing Director of Lucid Middle East, said the company aims to export approximately 92% of its Saudi plant's electric vehicle (EV) production, with 13% earmarked for GCC markets. The construction of the factory — currently underway in King Abdullah Economic...

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Business & Money | Wednesday 19 March, 2025 10:11 am

Emaar EC signs binding amendment, restructuring agreement with PIF

Emaar The Economic City’s (Emaar EC) signed on March 18 a binding amendment and restructuring agreement for the existing shareholder loan agreement with the Public Investment Fund  (PIF), in order to provide a loan of up to SAR 1 billion. According to a statement to Tadawul, Emaar...

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Business & Money | Tuesday 18 March, 2025 11:04 am

Alkhorayef Water raises private financing from SNB to SAR 850M

Alkhorayef Water and Power Technologies Co. (AWPT) renewed and increased its Shariah-compliant banking facilities agreement with Saudi National Bank (SNB). The agreement facilitates the issuance of all types of guarantees, letters of credit, and both long-term and short-term loans, AWPT said...

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Business & Money | Tuesday 18 March, 2025 10:58 am

Saudi Architecture Characters Map attracts investments, supports local economy: Al-Hogail

The Saudi Architecture Characters Map will play a significant role in attracting investments and supporting the local economy, Minister of Municipalities and Housing Majid Al-Hogail said. It will also enhance the Kingdom's position as a leading cultural and tourism destination, he...

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Business & Money | Tuesday 18 March, 2025 10:48 am

SAL to establish logistics zone at SAR 4B; joins Shareek program

SAL Saudi Logistics Services Co. (SAL) signed a preliminary agreement with Sela Co. to lease a land plot spanning 1.56 million square meters (sqm) in Falcon City, Riyadh. SAL intends to develop, construct, and operate a logistics zone on the land, according to statement to Tadawul. The...

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Business & Money | Tuesday 18 March, 2025 10:27 am

UL Solutions and Aramco Plan to Collaborate on Joint Projects to Help Enhance Safety in Saudi Arabia

UL Solutions (NYSE: ULS), a global leader in applied safety science, today announced its collaboration with Aramco, one of the world’s leading integrated energy and chemicals companies, to explore opportunities to enhance safety through Aramco’s In-Kingdom Total Value Add (IKTVA) goals, which...

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Business & Money | Monday 17 March, 2025 10:13 am

Shalfa signs SAR 75M credit facilities with SAIB

Shalfa Facilities Management Co. signed on March 16 a Shariah-compliant credit facilities agreement worth SAR 75 million with The Saudi Investment Bank (SAIB). The financing period will end on Feb. 28, 2026, and will be covered by a promissory note, the company said in a statement on...

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