Business & Money | Sunday 9 March, 2025 8:00 am

Commercial registration services paused ahead of 2 new systems launch

The Ministry of Commerce announced a seven-day suspension of commercial registration and trade name system services, effective today, March 27. The services will resume in a fully updated format on April 3, coinciding with the implementation of the two new systems. In a statement on X,...

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Business & Money | Sunday 9 March, 2025 8:00 am

Red Sea says phase 2 of staff camp project not to be activated

Red Sea International Co. received a letter from Webuild SpA, the contractor for the project to build a staff camp serving the Trojena Dam project at NEOM, related to the latter’s decision to not activate the project’s second phase as the initial phase should suffice. As a result, the...

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Business & Money | Sunday 9 March, 2025 8:00 am

Saudi German Health inks 3 contracts with Al-Sobh New Medical

Middle East Healthcare Co. (Saudi German Health) signed today, March 6, three contracts with Al-Sobh New Medical Co., according to a statement to Tadawul. The first contract permits the usage of Saudi German Hospital trademark and brand name at Al-Sobh New Medical Co.’s Sobhi Abdul Jalil...

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Business & Money | Sunday 9 March, 2025 8:00 am

Raoom pens SAR 100M credit facility deal with Bank AlJazira

Raoom Trading Co. signed today, March 6, a Shariah-compliant credit facility agreement worth SAR 100 million with Bank AlJazira, according to a filing to Tadawul. The facility, available until Dec. 31, 2025, is guaranteed by a promissory note. The deal aims to support the...

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Business & Money | Thursday 6 March, 2025 2:31 pm

Aramco mulls bid for BP’s Castrol lubricant assets: Report

Saudi Arabian Oil Co. (Saudi Aramco) is considering a potential bid to acquire BP’s lubricants assets, including those operating under the Castrol brand, Bloomberg reported, citing sources. Discussions are still in the early stages, with Aramco evaluating whether to make an offer for part or ...

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Business & Money | Thursday 6 March, 2025 2:20 pm

NADEC, Hilton Foods to set up JV for red meat processing

National Agricultural Development Co. (NADEC) signed an agreement with UK-based Hilton Foods Ltd., to establish a joint venture (JV) - a limited liability company - in which NADEC will hold a 51% stake. In a statement to Tadawul, NADEC said that the shareholders' agreement includes several...

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Business & Money | Thursday 6 March, 2025 2:06 pm

PayTabs Group Strengthens its Commitment to Egypt’s Digital Payments Ecosystem with Full Ownership of PayTabs Egypt

PayTabs Group, MENA's award-winning payment orchestration powerhouse today announced the successful acquisition of majority stake in PayTabs Egypt, solidifying its commitment to driving digital transformation and financial inclusion across Egypt. This strategic move marks a pivotal milestone...

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Business & Money | Wednesday 5 March, 2025 8:00 am

Almuneef buys land in Al-Kharj for SAR 8.7M

Almuneef Company for Trade, Industry, Agriculture and Contracting purchased an 8,144.53-square-meter land plot in Al-Rifayah district, Al-Kharj governorate, for SAR 8.7 million, excluding real estate transaction tax and brokerage fees, as part of its expansion strategy. The self-financed deal...

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Business & Money | Wednesday 5 March, 2025 8:00 am

FHS Saudi Arabia launches NextGen Investment Forum to help deliver KSA’s future leaders in hospitality

The Future Hospitality Summit Saudi Arabia, taking place in Riyadh, 11-13 May, will host the region’s first NextGen Investment Forum to address the challenges – and opportunities – surrounding education, training and talent retention in KSA’s growing hospitality sectors. Investing in...

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Business & Money | Wednesday 5 March, 2025 7:59 am

Seera Group Delivers Strong Operational Performance, with an 18% Year-on-Year Growth in Adjusted EBITDA in FY 2024

Riyadh, Saudi Arabia – 4 March 2025 – Seera Group Holdings (Tadawul: 1810) today announced its financial results for the year ending 31 December 2024, reflecting continued progress in executing its strategic vision while maintaining strong operational performance. The Group achieved an 18%...

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