Business & Money | Monday 9 October, 2023 8:51 am

PIF, Saudi Electricity launch Electric Vehicle Infrastructure Company

The Public Investment Fund (PIF) and Saudi Electricity Company (SEC) announced today the launch of the Electric Vehicle Infrastructure Company. PIF will own a 75% stake in the Company, while SEC will hold the remaining 25% stake.   The company aims to deliver best-in-class electric...

More Details

Business & Money | Monday 9 October, 2023 8:35 am

Saudia Announces Sponsorship of Riyadh Season 2023 as the Platinum Partner and Official Airline

Saudia has announced the sponsorship of the fourth edition of Riyadh Season as the Platinum Partner and Official Airline of this mega event, commencing on October 28th. This event is one of the most anticipated entertainment seasons globally and aligns with the airline's commitment to its new...

More Details

Business & Money | Monday 9 October, 2023 8:25 am

Minister of Industry & Advanced Technology inaugurates ‘Standard Turf’ factory and visits ‘Rabdan’ vehicle facility

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, inaugurated Standard Carpets Industries’ new factory ‘Standard Turf at Dubai Industrial City, a member of TECOM Group PJSC and one of the largest industrial ecosystems in the region.’ Standard Carpets is one of...

More Details

Business & Money | Monday 9 October, 2023 7:04 am

Monsha’at and Leading Saudi Entrepreneurs Take Part in Global Entrepreneurship Congress 2023

A Saudi Arabian delegation comprising some of the nation’s leading entrepreneurs recently participated in the Global Entrepreneurship Congress 2023 (GEC23), led by Monsha’at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia. Among Monsha’at’s objectives ...

More Details

Business & Money | Sunday 8 October, 2023 12:42 pm

Amazon Saudi Hosts Annual Seller Summit to Empower Local Businesses to Grow Online

Amazon Saudi Arabia recently hosted its annual Seller Summit in Riyadh, showcasing a suite of cutting-edge tools and services designed to empower small and medium-sized businesses (SMBs) in Saudi Arabia. These innovations are tailored to help SMBs reach millions of online customers and drive...

More Details

Business & Money | Sunday 8 October, 2023 11:55 am

Thakher Development Company Receives the “Best Infrastructure Developer”

Thakher Development Company, received the “Best Infrastructure Developer” award 2023 under the Real Estate category at the Saudi Building & Infrastructure Awards 2023 which took place in Riyadh, Kingdom of Saudi Arabia, and organized as part of the 2nd edition of Saudi Building &...

More Details

Business & Money | Sunday 8 October, 2023 9:42 am

NADEC says MC2 assets transferred to Food Security Holding, ups stake to 14.87%

National Agricultural Development Co. (NADEC) announced that following the transfer of all assets of the Second Milling Co. (MC2) to the Food Security Holding Co., a limited liability firm, the two companies were merged under the name the Second Milling Co....

More Details

Business & Money | Sunday 8 October, 2023 9:41 am

TAM Development signs SAR 9.4 mln contract with Ministry of Culture

TAM Development Co. signed on Oct. 5 a SAR 9.44 million contract with the Ministry of Culture, according to a Tadawul statement. The contract is valid for 10 months, the company said in a statement to Tadawul, expecting its financial impact to show starting Q4 2023. On June 26, TAM was...

More Details

Business & Money | Sunday 8 October, 2023 9:35 am

Saudi Ceramics signs non-binding LOI to establish sanitaryware firm

Saudi Ceramic Co. announced that it signed a preliminary, non-binding agreement (term sheet) with Ectasias Yapı Gereçleri A.Ş (EYAP) affiliated with the Turkey’s Eczacıbaşı Group, according to a statement on Tadawul. During the term of the agreement, the two companies will complete the ...

More Details

Business & Money | Sunday 8 October, 2023 9:31 am

Sulaiman Al Habib appoints Faisal Al Nassar as CEO

Dr. Sulaiman Al Habib Medical Services Group's (HMG) board of directors appointed on Oct. 8 Faisal Al Nassar as CEO.   Nassar holds a bachelor's degree in accounting and information systems from the College of Industrial Management (CIM) at King Fahd University of Petroleum and...

More Details