Business & Money | Wednesday 30 October, 2024 8:00 am

Porsche Saudi Arabia launches all-new, all-electric Macan and the new Taycan

Samaco Motors, the official importer of Porsche in Saudi Arabia, hosted a special event in Riyadh on October 28 to celebrate the launch of its all-new, all-electric Macan and the new updated Taycan in the Kingdom of Saudi Arabia. The event attracted Porsche customers, business leaders, media...

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Business & Money | Tuesday 29 October, 2024 12:03 pm

Zain KSA Achieves SAR 7.7 Billion in Revenue, 33% Profit Growth in First Nine Months of 2024

Zain KSA has announced its financial results for the first nine months of 2024, achieving revenue of SAR 7.7 billion, a 4.5% year-on-year growth. Net profit over the period amounted to SAR 322 million, a 33% increase compared to the corresponding 2023 period, excluding the tower sales...

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Business & Money | Tuesday 29 October, 2024 11:48 am

GE HealthCare, Ascend Solutions, and Meena Health partner to advance patient-centric care in Saudi Arabia

GE HealthCare (Nasdaq: GEHC), a leading global medical technology and digital solutions innovator, has signed a non-binding Memorandum of Understanding (MoU) with Meena Health, a leading comprehensive care institution in Saudi Arabia, and Ascend Solutions, GE HealthCare’s distribution arm, to...

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Business & Money | Tuesday 29 October, 2024 11:19 am

NEOM Board of Directors showcases progress with opening of Sindalah, a new luxury travel destination in the Red Sea

Sindalah, the luxury island destination and first physical showcase of NEOM, has been unveiled by the NEOM Board of Directors. First announced by His Royal Highness Mohammed bin Salman, Crown Prince and Chairman of the NEOM Board of Directors in December 2022, Sindalah’s opening marks an exciting ...

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Business & Money | Tuesday 29 October, 2024 11:16 am

Solventum Presents Innovative Coding and Documentation Solutions at Global Health Exhibition to Advance AR-DRG Implementation in Saudi Arabia

Solventum, formerly 3M Health Care, a global leader in MedTech and innovative healthcare solutions, recently concluded its participation at the Global Health Exhibition in Riyadh, Saudi Arabia, where it highlighted its integral role in supporting the implementation of AR-DRG within the Kingdom’s...

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Business & Money | Tuesday 29 October, 2024 10:09 am

Shams to invest SAR 244M in SEDCO Capital-managed fund

Tourism Enterprise Co.’s (Shams) board of directors decided today, Oct. 28, to pump SAR 243.8 million in investments through a closed-end private equity fund managed by SEDCO Capital and licensed by the Capital Market Authority (CMA). The fund will develop a five-star Fairmont hotel at Ajdan ...

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Business & Money | Tuesday 29 October, 2024 8:00 am

‘Powering the Future Toward Net Zero’ Forum Concludes today in Dammam with Compelling Message to Intensify Partnerships in GCC to Achieve Net-Zero Emissions

The two-day ‘Powering the Future Toward Net Zero’ forum, organized by the Gulf Cooperation Council Interconnection Authority (GCCIA) in collaboration with the Electric Power Research Institute (EPRI), GO15, and Med-TSO, concluded today (Monday, 28 October 2024) in Al Khobar in Saudi...

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Business & Money | Monday 28 October, 2024 9:25 am

Edarat inks SAR 8.6M cloud service contract with NEOM

Edarat Communication and Information Technology Co. received on Oct. 25 a new purchase order worth SAR 8.63 million for an existing cloud services contract with NEOM to provide Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) worth SAR 8.63 million, including VAT. In a...

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Business & Money | Monday 28 October, 2024 9:21 am

Pan Gulf obtains SAR 135M bank facilities from BSF

Pan Gulf Marketing Co. obtained SAR 135 million worth of Shariah-compliant credit facilities from Banque Saudi Fransi (BSF), according to a statement to Tadawul. The one-year credit facilities were provided with no guarantees in return. Pan Gulf will use the funds to finance working...

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Business & Money | Monday 28 October, 2024 8:56 am

Retal pens SAR 947.6M agreements with NHC

Retal Urban Development Co. signed SAR 947.6 million worth of two agreements with National Housing Co. (NHC) to purchase developed land plots and develop 947 residential units in Al Khozam Suburb in Riyadh City, according to a statement to Tadawul. The contract term will extend for 55 months,...

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