Business & Money | Monday 26 August, 2024 10:08 am

Saudi Arabia launches Phase I of Riyadh Parking Project

The Riyadh Municipality launched Phase I of the Riyadh Parking Project that is aimed at enhancing the quality of life in the Saudi capital through organizing public parking spaces and developing smart and innovative solutions to reduce incorrect and random parking practices. The initiative...

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Business & Money | Monday 26 August, 2024 10:05 am

Savola shareholders approve SAR 6B rights issue

Savola Group’s shareholders approved increasing capital via a SAR 6 billion rights issue, during the extraordinary general meeting (EGM) on Aug. 25, according to a statement to Tadawul. Capital Increase DetailsCurrent CapitalSAR 5.339 blnCurrent Number of Shares533.98 mlnNew CapitalSAR...

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Business & Money | Monday 26 August, 2024 9:42 am

2P bags SAR 86M project with Ministry of Health

Perfect Presentation for Commercial Services Co. (2P) was awarded a project by the Ministry of Health to operate and maintain the digital infrastructure of 48 hospitals in the central region at a total value of SAR 85.96 million, including VAT, according to a statement to Tadawul. The contract ...

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Business & Money | Monday 26 August, 2024 9:32 am

Saudi Electricity secures $4B credit facility

Saudi Electricity Co. (SEC) signed today, Aug. 25, a $4 billion (SAR 15 billion) joint revolving international credit facility agreement, the company said in a statement on Tadawul. The financiers include Abu Dhabi Commercial Bank (ADCB), Bank of America Europe, First Abu Dhabi Bank (FAB),...

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Business & Money | Monday 26 August, 2024 9:30 am

Riyadh Development signs deal to set up JV with Riyadh Holding

Riyadh Development Co. signed an agreement with Riyadh Holding Co. to establish a joint venture (JV) to own the assets and play the role of the main developer and operator of the markets in the Qasr Al-Hukm area. In a statement to Tadawul, Riyadh Development said the total value of the JV...

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Technology & IT | Sunday 25 August, 2024 4:05 pm

HONOR Announces the Upcoming Launch of the Thinnest and Lightest AI Foldable Smartphone HONOR Magic V3

HONOR, the global technology brand announced the upcoming launch of its next-generation flagship foldable smartphone the HONOR Magic V3 in KSA. Being the Thinnest and Lightest AI Foldable Smartphone on the market, the all-new foldable sets the stage for a future of innovation and design. ...

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Business & Money | Sunday 25 August, 2024 11:46 am

NMDC Group to list NMDC Energy on ADX

The Board of Directors of NMDC Group PJSC has approved to list NMDC Energy PJSC on the Abu Dhabi Securities Exchange (ADX) and sell a portion of the Group's shares in NMDC Energy PJSC through a public subscription. This came during a virtual meeting the Group's board held via video conference...

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Environment & Energy | Sunday 25 August, 2024 10:33 am

Safe and effective: Enhancing rainfall with novel materials

In recent years, the UAE Research Program for Rain Enhancement Science (UAEREP) has used core-shell NaCl-TiO2 (CNST) seeding material throughout its cloud seeding operations, or rather a specific type of hygroscopic material with two main ingredients. The UAE is currently the only country...

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Business & Money | Sunday 25 August, 2024 10:25 am

stc declares dividend policy for 3 years at SAR0.55/share every quarter

The board of directors of Saudi telecom major stc approved, on Aug. 24, the three-year dividend policy, starting Q4 2024 and ending Q3 2027, the telecom operator said in a statement to Tadawul. The new dividend policy is subject to the approval of the upcoming general...

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Beauty & Style | Sunday 25 August, 2024 10:13 am

"Notes Clear" and "Magnetic" for a School Return Filled with Inspiration and Creativity

“Jazeera Paints”, the leading company in the industry of paints, colors and construction solutions in KSA and MENA, has emphasized that amidst the rapid developments in the world of education, Notes Clear Paint and Magnetic Paint emerge as innovative tools that support the educational process...

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