Business & Money | Thursday 13 March, 2025 11:53 am

Electrical Industries, Tecnicas Reunidas sign SAR 129.4M contract

Electrical Industries Co. announced that one of its subsidiaries, Saudi Power Transformers Co. (SPTC), signed a transformer supply contract worth SAR 129.4 million with Tecnicas Reunidas Saudia for Services and Contracting Co. Ltd. In a statement to Tadawul, the company...

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Business & Money | Thursday 13 March, 2025 11:39 am

Tibbiyah’s unit awarded SAR 493.4M contract by nupco

Arabian International Healthcare Holding Co. (Tibbiyah) announced that Genalive Medical Co., a 50:50 joint venture with BGI, won a tender for 933,782 laboratory tests from National Unified Procurement Co. (nupco), at a total value of SAR 493.4 million. In a statement to Tadawul, Tibbiyah...

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Business & Money | Thursday 13 March, 2025 11:35 am

Diriyah signs SAR 8B deal with 2 companies

Diriyah Co. signed today, July 24, a SAR 8 billion contract to four luxury hotels and the Royal Equestrian and Polo Club in Wadi Safar, Diriyah. This project is part of the master plan for the region, in collaboration with Bawani Co. Ltd. and UrbaCon Trading & Contracting. The...

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Business & Money | Thursday 13 March, 2025 11:22 am

Retal subsidiary, associate sign SAR 166M contract

Retal Urban Development Co.’s subsidiary Building Construction Co. (BCC) signed a contract with Remal Park Fund, an associate firm, to implement the concrete skeletons for the Remal Business Court project in Al Khobar city, according to a statement to Tadawul. The project is valued at SAR...

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Business & Money | Wednesday 12 March, 2025 12:08 pm

Amlak renews SAR 1.06B credit facility agreement with SAIB

Amlak International Finance Co. renewed today, March 11, its Shariah-compliant credit facility agreement with The Saudi Investment Bank (SAIB), at SAR 1.06 billion. In a statement to Tadawul, the company said the one-year financing aims to support its operations and step up its lending...

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Business & Money | Wednesday 12 March, 2025 11:08 am

NWC signs agreement with Effie Portugal to implement AI-powered revenue assurance system

The National Water Company (NWC) has signed a strategic agreement with Effie Business Portugal, a leader in business efficiency and revenue assurance solutions, to implement an advanced revenue assurance system powered by Artificial Intelligence (AI). The project aims to enhance revenue cycle...

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Business & Money | Wednesday 12 March, 2025 10:05 am

Yaqeen Capital to arrange SLIC’s IPO on TASI

Yaqeen Capital signed today, March 11, an agreement with Saudi Leather Industries Co. (SLIC) to arrange the latter’s planned initial public offering (IPO) on the Main Market. In a statement to Tadawul, Yaqeen Capital said the process of arranging the share offering and listing takes...

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Business & Money | Tuesday 11 March, 2025 10:26 am

PIF launches Al Waha duty-free retailer

The Public Investment Fund (PIF) announced the establishment of Al Waha Duty-Free Company (Al Waha), a travel retailer and the first Saudi-owned duty-free operator. Al Waha, a wholly owned PIF company, will become a leader in travel retail and secure a greater share of passenger spending for the...

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Business & Money | Tuesday 11 March, 2025 10:23 am

CMA approves Bank Albilad’s capital hike to SAR 15B via bonus issue

The Capital Market Authority (CMA) approved today, March 10, Bank Albilad’s request to increase its capital from SAR 12.5 billion to SAR 15 billion by distributing one bonus share for every five shares owned. Eligible shareholders are those registered with the Securities Depository Center...

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Business & Money | Monday 10 March, 2025 11:24 am

Emaar EC amends plan to raise capital by converting PIF debt to new shares

Emaar The Economic City’s (Emaar EC) board of directors amended on March 8 an earlier recommendation to increase capital by converting the debt owed to the Public Investment Fund (PIF) into new ordinary shares. The board proposed increasing the amount of debt to be converted from SAR 3.97...

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