Business & Money | Friday 29 November, 2024 7:10 am

EFG Hermes Advises on Maarif Education’s Landmark Acquisition of Ibn Khaldoun Education Company in Saudi Arabia

EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that it had advised on Maarif Education’s 100% acquisition of Ibn Khaldoun Education Company (IKEC). This transaction, currently in the post-signing stage, positions...

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Business & Money | Friday 29 November, 2024 7:06 am

Riyadh Cement inks deal with SEC’s unit to build electric transmission station

Riyadh Cement Co. signed an agreement with the National Electricity Transmission Co., a subsidiary of Saudi Electricity Co. (SEC), to implement a project for the construction of an electric transmission substation. The new utility is aimed at providing electrical service to the company's plant ...

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Tourism & Hospitality | Thursday 28 November, 2024 2:08 pm

Il Baretto Riyadh marks third anniversary with glittering birthday soiree

The beloved Italian restaurant has cemented itself as a local institution and celebrated the occasion with a vibrant party Celebrating three successful years in the Kingdom of Saudi Arabia, Il Baretto Riyadh threw a birthday party to remember. Allowing its partners and friends to celebrate in...

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Business & Money | Thursday 28 November, 2024 10:12 am

Riyadh Metro tickets start from SAR 4

The "Darb" app, through which tickets for Riyadh Metro trips can be purchased, revealed that ticket prices start from SAR 4 up to SAR 140. The tickets are divided into four categories: The first category, for a two-hour journey, is worth SAR 4, the second category (three days) is worth SAR 20, ...

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Business & Money | Thursday 28 November, 2024 10:09 am

Naba Alsaha awards SAR 10.3M contract to Siab Aluminum

Naba Alsaha Medical Services Co. awarded Siab Aluminum Factory a contract worth SAR 10.3 million, excluding VAT, according to a statement to Tadawul. The contract entails supplying, installing, and testing glass facades, as well as aluminum cladding for Naba Alsaha Hospital in Riyadh. In...

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Business & Money | Thursday 28 November, 2024 10:06 am

Nofoth acquires land in Riyadh for SAR 22.1M

Nofoth Food Products Co. acquired a mixed-use commercial and residential land in Hittin district, Riyadh, from Khalaf Rabah Al-Shammari, for SAR 22.1 million (excluding real estate transaction tax and brokerage fees). In a statement to Tadawul, the company said that the step comes as part ...

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Business & Money | Thursday 28 November, 2024 9:50 am

Almana Hospitals Receives the Award for Best Medical Waste Management in the Kingdom

 The Almana Group of Hospitals, one of the oldest and largest medical companies in the Kingdom, has been honored with the prestigious award for implementing and upholding the most advanced best practice in medical waste management in Saudi Arabia. This recognition was presented at the third...

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Business & Money | Wednesday 27 November, 2024 10:48 am

Sure wins contract from government entity

Sure Global Tech Co. was awarded an 850-day contract to renew licenses and provide technical support for applications for a government entity.  In a statement to Tadawul, the company pointed out that the project's value exceeds 9% of its revenue for the last fiscal year ended...

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Business & Money | Wednesday 27 November, 2024 10:45 am

Allianz SF shareholders approve name change to Mutakamela Insurance

Allianz Saudi Fransi Cooperative Insurance Co.’s (Allianz SF) shareholders approved an amendment to Article 2 of the company’s bylaws, changing the company’s name, during the extraordinary general meeting (EGM), held on Nov. 25. In a statement to Tadawul today, the company said its trade ...

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Business & Money | Wednesday 27 November, 2024 10:26 am

Bonyan REIT signs 5-year lease contract worth SAR 99.4M

Bonyan REIT signed a five-year lease agreement for the "1991 Center" building, valued at SAR 99.4 million (excluding VAT), according to Saudi Fransi Capital LLC, the fund’s manager. In a statement to Tadawul, the company said the lease will commence on Nov. 26, 2024. The property was fully...

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