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

SAR 8.5B deals signed with private sector for Jubail-Buraydah IWTP

Abdulrahman Al-Fadhli, Minister of Environment, Water and Agriculture and Chairman of Saudi Water Partnership Co. (SWPC), signed today, March 4, several agreements for the construction of the Jubail-Buraydah independent water transmission pipeline (IWTP) project with a consortium of Aljomaih Energy ...

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Business & Money | Tuesday 4 March, 2025 11:45 am

PIF, Goldman Sachs sign MoU on investment in Saudi Arabia, GCC

The Public Investment Fund (PIF) and Goldman Sachs Asset Management today announced the signing of a non-binding memorandum of understanding (MoU) for PIF to act as a strategic anchor investor for new private credit and public equity strategies in Saudi Arabia and the wider GCC region. The new ...

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Business & Money | Tuesday 4 March, 2025 11:42 am

MEPCO Lays the Foundation for PM5: A Groundbreaking Leap in Paper Production, Doubling Supply Capacity and Introducing Superior-Quality Paper to the Region

The Middle East Paper Manufacturing and Production Company (“MEPCO”), the leading company in the region's paper industry, announces the laying of the foundation for its 5th paper production line (PM5), the largest of its kind in the Middle East, as part of its strategic plan to strengthen Saudi ...

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Business & Money | Tuesday 4 March, 2025 11:17 am

Aramco expects dividend payout of SAR 320.4B in 2025

Saudi Aramco expects total dividends of SAR 320.4 billion ($85.4 billion) to be declared this year. In an emailed statement to Argaam, Aramco said this dividend will cover Q1 2025. Dividends, with the related amounts and record dates, will be announced for the rest of 2025 if approved by the...

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Business & Money | Tuesday 4 March, 2025 11:09 am

Aramco expects oil demand growth in 2025: CEO

Saudi Aramco President and CEO Amin Nasser said that the global oil demand reached new highs in 2024, and the growth is expected to continue in 2025. “Our strong net income and increased base dividend illustrate Aramco’s exceptional resilience and ability to leverage its unique scale, ...

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Business & Money | Monday 3 March, 2025 12:11 pm

Retal’s project portfolio hits SAR 17B, market outlook positive: CFO

Retal Urban Development Co.’s revenue growth in 2024 was primarily driven by higher unit sales and the launch of new projects, with more than six ongoing projects added during the year, CFO Ammar Al-Ghoul said. In an interview with Al Arabiya TV, Al-Ghoul explained that Retal’s project...

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Business & Money | Monday 3 March, 2025 11:27 am

Al Othaim's planned 51% acquisition of Manuel Markets to strengthen foothold: CEO

Abdullah Al Othaim Markets Co.'s planned acquisition of a 51% stake in Manuel Markets would strengthen its foothold in Saudi Arabia, particularly in Western Province — which is deemed a key growth market in the local retail sector, CEO Muaffaq Mubarah told Argaam. Mubarak explained that...

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Business & Money | Sunday 2 March, 2025 12:14 pm

Kaspersky and Zain KSA Sign MoU to Enhance Collaboration in Cybersecurity

Kaspersky and Zain KSA, the leading telecoms and digital solutions provider in Saudi Arabia, have announced a strategic partnership following the signing of a Memorandum of Understanding (MoU). The collaboration focuses on joint projects leveraging Kaspersky's cybersecurity solutions, services, and ...

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Business & Money | Sunday 2 March, 2025 12:09 pm

Residential sales in Saudi Arabia reach SAR 118 billion in 2024, signalling robust real estate growth, says Deloitte’s new 2025 predictions report

Deloitte, the leading global professional services firm, has released its annual KSA real estate market review, highlighting another strong year for the Kingdom across all sectors. According to the report, Saudi Arabia's real estate market is set to experience robust growth through 2025, fuelled by ...

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Business & Money | Sunday 2 March, 2025 8:00 am

Johnson Controls Arabia Secures $90 Million Share in Record-Breaking $180 Million VRF Project in Egypt’s New Administrative Capital

Johnson Controls Arabia (JCA), a global leader in smart, healthy, and sustainable building solutions, proudly announces its significant contribution to one of the world’s largest Variable Refrigerant Flow (VRF) projects. Situated in the R5 Zone of Egypt's New Administrative Capital, this...

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