Business & Money | Monday 9 December, 2024 10:52 am

Al Yamamah Steel inks SAR 95M supply contract

Al Yamamah Steel Industries Co. signed, on Dec. 8, a one-year contract with National Contracting Company Ltd. (NCC) for SAR 94.95 million, according to a statement to Tadawul. The contact entails supply of steel towers to establish a 380 kV high voltage line in the central region, the...

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Business & Money | Monday 9 December, 2024 10:19 am

NWC succeeds in producing clean energy from Heet and Ajyal plants

National Water Company (NWC) has succeeded in producing clean energy through wastewater treatment in Heet in Riyadh and Ajyal plant in the Eastern Region. This production is done by converting the emissions resulting from wastewater treatment processes into a source of energy; by transforming...

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Business & Money | Friday 6 December, 2024 4:23 pm

Lana wins SAR 9.9M project from Health Ministry

Lana Medical Co. was awarded a project by the Ministry of Health to collect and store hazardous healthcare waste at King Fahad Specialist Hospital in Dammam, at a value of SAR 9.85 million. In a statement to Tadawul, the company said that the expected date for signing the contract is Jan. 1,...

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Business & Money | Friday 6 December, 2024 4:06 pm

NWC celebrates planting of 5.2 million trees at COP16

Riyadh, the capital of the Kingdom of Saudi Arabia, is located on the Najd Plateau and is the third largest city in the Arab world and the fifth largest metropolis in the Middle East. Riyadh was and still is the scene of many political, economic, and cultural events. This December, Riyadh hosts the ...

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Technology & IT | Thursday 5 December, 2024 12:36 pm

HONOR Partners with Noon to Deliver the Ultimate Shopping Experience for the Unbreakable AI Smartphone HONOR X9c

Global technology brand HONOR, has announced its partnership with Noon, the region's leading e-commerce platform and digital marketplace, to enhance the shopping experience for customers in Saudi Arabia. This collaboration between two well-established brands promises a seamless, reliable, and...

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Business & Money | Thursday 5 December, 2024 9:54 am

NEOM green hydrogen facility to come online in December 2026: CEO

Neom Green Hydrogen Co.’s (NGHC) completed 60% of its preparatory work, with majority of heavy equipment, solar panels and windmills already delivered and additional shipments expected, CEO Wesam Alghamdi said. In an interview with Asharq Business on the sidelines of the Saudi Green...

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Business & Money | Thursday 5 December, 2024 9:08 am

NWC and KARRDA discuss planting 3 million saplings in 28,000 Km2 by 2030

King Abdulaziz Royal Reserve Development Authority (KARRDA) and National Water Company (NWC) are discussing the plantation of about 3 million wild saplings within the boundaries of the reserve, which covers an area of more than 28,000 square kilometers and includes within its space several green...

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Business & Money | Tuesday 3 December, 2024 12:15 pm

MIS board OKs allocating SAR 30M for investment in global tech firms

Al Moammar Information Systems Co.’s (MIS) board approved today, Dec. 2, the allocation of SAR 30 million to establish an investment portfolio through self-financing. This portfolio aims to invest in global technology companies and capitalize on growth opportunities...

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Business & Money | Tuesday 3 December, 2024 12:04 pm

Atlas Elevators wins SAR 3.2M project with Dammam Medical Complex

Atlas Elevators General Trading and Contracting Co. received on Dec. 2 a letter of award for an elevator replacement project with the Dammam Medical Complex for SAR 3.16 million (VAT inclusive). In a statement to Tadawul, the company said that it would replace elevators at the Dammam...

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Business & Money | Tuesday 3 December, 2024 10:44 am

KnowledgeNet inks deal to sell subsidiary to Saudi Technology Fund for SAR 15.4M

KnowledgeNet Co. signed a contract to sell 100% stake in Financial Technology Solutions (99.99% owned by KnowledgeNet and 0.01% by Knowledge Network for Business Services) to the Saudi Technology Fund for SAR 15.35 million. In a statement to Tadawul, the company said that Financial Technology...

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