Business & Money | Wednesday 1 January, 2025 10:01 am

Dallah Healthcare inks SAR 195.6M SPA for undeveloped land in Al-Nakheel District

Dallah Healthcare signed a sale and purchase agreement (SPA) with Wahet Al-Nakheel Real Estate Fund for undeveloped land plots, spanning 16,800 square meters, in the Al-Nakheel District. The transaction is valued at SAR 195.65 million. In a statement to Tadawul, the healthcare services...

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Business & Money | Wednesday 1 January, 2025 9:51 am

Savola’s subsidiary to exit business in Iran for SAR 705M

Savola Group signed a binding sale and purchase agreement (SPA) through its fully owned subsidiary, Savola Foods Co. to sell its entire business in Iran for SAR 705 million. In a statement to Tadawul, Savola said the agreement was signed with a foreign buyer, which is not a related party. The...

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Business & Money | Tuesday 31 December, 2024 9:59 am

51Talk Student Becomes Saudi Arabia's Youngest Environmental Influencer at Impact Makers Forum

Nine-year-old Fareed Mohammed Felemban, a student of global online education platform 51Talk, delivered a compelling speech at the inaugural Impact Makers Forum, marking a significant milestone as the event's youngest speaker. The young environmental advocate from Jeddah, who previously spoke at...

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Business & Money | Tuesday 31 December, 2024 9:48 am

Commerce Ministry approves Binyah capital hike to SAR 300M: Al Akaria

Saudi Real Estate Co. (Al Akaria) stated that its 60%-owned subsidiary Saudi Arabia Real Estate Infrastructure & Construction Co. (Binyah) obtained on Dec. 30 the Ministry of Commerce approval to increase capital from SAR 50 million to SAR 300 million. In a Tadawul statement, the company...

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Business & Money | Tuesday 31 December, 2024 9:38 am

ACWA Power signs SAR 2.64B financing for wind power plant in Egypt

ACWA Power Co. signed on Dec. 30 financing agreements for the development, construction, operation and maintenance of a 1,100-megawatt wind power plant in Suez Governorate, Egypt. The project, valued at SAR 2.64 million, will be financed over a period of 20 years. In a statement to...

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Business & Money | Monday 30 December, 2024 9:46 am

Alsaif Gallery sells commercial building in Riyadh for SAR 97M, logs SAR 43M capital gain

AlSaif Stores for Development and Investment Co. (Alsaif Gallery) sold a commercial building located in Al-Arid District, Riyadh, for SAR 97 million. In a statement to Tadawul today, Dec. 29, the company said the building spans an area of 4,150.5 square meters. Under the sale deal, the...

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Business & Money | Monday 30 December, 2024 9:39 am

NWC completes the implementation of water networks in Al-Hurrath governorate, Jazan at SR +86m

The National Water Company (NWC), represented by the Southern Cluster, announced the launch of 3 drinking water projects in Al-Hurrath governorate and 26 villages belonging to the governorate. This action is done to meet the increasing demand for water according to the approved schedules....

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Business & Money | Sunday 29 December, 2024 11:34 am

ACWA Power achieves full commercial operation at Uzbekistan power plant

ACWA Power Co. received on Dec. 26 a notification that Sirdarya combined cycle gas turbine (CCGT) achieved full production capacity of 1,500 megawatts. ACWA Power, which holds a 51% stake in Sirdarya CCGT located in Uzbekistan, expects the financial impact of the full operations to...

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Business & Money | Sunday 29 December, 2024 10:07 am

Al Akaria sells 17 land lots in Riyadh for SAR 145.15B, sees capital gain of SAR 125.74M

Saudi Real Estate Co. (Al Akaria) announced the sale of 17 plots of land in Riyadh through an electronic public auction held on Dec. 26, for a total value of SAR 145.15 million (excluding real estate transaction tax and brokerage fees). In a statement to Tadawul, the company said that the...

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Business & Money | Sunday 29 December, 2024 10:04 am

ADES wins jack-up rig contract in Thailand with backlog of SAR 1.04B

ADES Holding Co. received a letter of award from PTTEP Energy Development Co. Ltd. (PTTEP) for an offshore jack-up drilling contract in the Gulf of Thailand, with an estimated backlog of SAR 1.035 billion. In a statement to Tadawul, the company said that the award is for a five-year...

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