Business & Money | Thursday 28 November, 2024 4:44 pm

RIBA strengthens Gulf presence and partnerships

As part of its work to promote architectural excellence and grow its global membership, the Royal Institute of British Architects (RIBA) has been taking steps to strengthen its presence and strategic partnerships in the Gulf. This work coincides with the 15th anniversary of the RIBA Gulf...

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Business & Money | Thursday 2 January, 2025 9:43 am

Al Kathiri board approves setting up subsidiary with SAR 1M capital

Al Kathiri Holding Co.’s board of directors, on Dec. 31, 2024, approved the establishment of a new wholly-owned subsidiary, Saraya Al Diyar Investment Co, a limited liability company with a capital of SAR 1 million. In a statement to Tadawul, the company said it is subject to obtaining the...

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Business & Money | Thursday 2 January, 2025 9:25 am

Batic wins SAR 96.2M contract for Haramain Railway

Batic Investments and Logistics Co. was awarded today, Jan. 1, a contract valued at SAR 96.19 million, inclusive of VAT, for the Haramain High-Speed Railway’s security guards and patrols project. Batic’s subsidiary, Arab Company for Security and Safety Services (AMNCO), secured the project ...

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Business & Money | Wednesday 1 January, 2025 10:03 am

Jarir signs MoU with Aman Egypt to launch consumer finance firm

Jarir Marketing Co. signed a non-binding memorandum of understanding (MoU) with Aman Non-Bank Financial Services and Electronic Payments Co. (Aman Egypt) to establish a consumer finance company, with an initial capital of SAR 100 million, according to a statement to Tadawul. The establishment...

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Business & Money | Wednesday 1 January, 2025 9:54 am

Retal starts Business Park Fund liquidation, gain anticipated at SAR 45M

Retal Urban Development Co. received a notification from BLOMINVEST, the fund manager of Business Park Fund, regarding starting the procedures to liquidate the fund, by selling the project for a total value amount of SAR 470 million excluding real estate transaction tax. In a statement to...

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Business & Money | Tuesday 31 December, 2024 9:50 am

WAJA obtains SAR 16M financing from Alinma Bank

WAJA Co. signed a Shariah-compliant facility agreement worth SAR 16 million with Alinma Bank. In a statement to Tadawul, the company said the funds would go towards financing Shariah-compliant letters of credit, bank guarantees, and Tawarruq. The financing period is one year and the...

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Business & Money | Tuesday 31 December, 2024 9:43 am

2P reaches SAR 4M settlement for headquarters fire

Perfect Presentation for Commercial Services Co. (2P) stated that it reached on Dec. 30 a full and final settlement of SAR 4 million with Arabian Shield Insurance Co. for the insurance claim for damages from the fire that broke out at the company’s headquarters. The relevant financial impact ...

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Business & Money | Monday 30 December, 2024 10:11 am

Saudi Parts Center completes SAR 1.1M deal to supply truck filters

Saudi Parts Center Co.  announced the completion of a deal to supply filters for heavy trucks for a total value of SAR 1.07 million, excluding value-added tax.  In a statement to Tadawul, the company pointed out that the financial impact of the deal will appear in December...

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Business & Money | Monday 30 December, 2024 9:43 am

WSM pens deal to acquire Wasltec for SAR 8.5M

WSM Information Technology Co. signed, on Dec. 29, the final acquisition contract (purchase contract) with Tanabw for Information Technology to fully acquire Wasl Technical Information Systems Co. Ltd. (Wasltec) for SAR 8.5 million. In a statement to Tadawul, the company noted that...

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Technology & IT | Sunday 29 December, 2024 10:12 am

Introducing the HONOR X9c Smart for Ultimate Durability and Camera Performance

Global technology brand HONOR is proud to announce its latest innovation, the HONOR X9c Smart, designed to withstand the many challenges of everyday life. From adventure-seekers wanting a phone that can operate in harsh environments to users capturing stunning visuals with all-day battery life, the ...

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Tourism & Hospitality | Saturday 28 December, 2024 9:59 am

'Discover Beyond Hail' Tour Wraps Up Under Governor's Patronage

Under the patronage and presence of His Royal Highness Prince Abdulaziz bin Saad bin Abdulaziz Al Saud, Governor of Hail Region, the Tourism Development Fund (TDF) successfully concluded its "Discover Beyond Hail" tour and accompanying exhibition that hosted more than 600 participants. This...

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