Business & Money | Thursday 28 August, 2025 10:03 am

Saudi Arabia showcases tourism leadership and vision at Osaka Expo, deepening ties with Japan ahead of UN Tourism General Assembly and TOURISE in Riyadh

Saudi Arabia has taken another bold step in cementing its position as a global tourism leader, with Minister of Tourism H.E. Ahmed Al-Khateeb holding a high-level ministerial meeting with Japan’s Minister of Land, Infrastructure, Transport and Tourism, H.E. Hiromasa Nakano, in Tokyo. The meeting...

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Business & Money | Thursday 28 August, 2025 9:41 am

Saudi Housing Minister sets White Land fee zones in Riyadh

Saudi Minister of Municipal and Rural Affairs and Housing, Majed Al-Hogail, unveiled the geographic scope of the White Land fees in Riyadh, a key step to regulate the real estate market and promote balanced urban development. In a post on the social messaging platform X, the minister said the...

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Business & Money | Wednesday 27 August, 2025 11:06 am

UCIC renews SAR 140M banking facilities with SAB

United Carton Industries Co. (UCIC) signed an offer letter to renew Shariah-compliant banking facilities with Saudi Awwal Bank (SAB) worth SAR 140 million. In a statement to Tadawul, the company said it secured the financing on July 16 for a one-year term ending on July 15, 2026. The...

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Business & Money | Wednesday 27 August, 2025 9:00 am

BSF completes issuance of $1B Tier 2 capital notes

Banque Saudi Fransi (BSF) announced the successful completion of a USD- denominated $1 billion Tier 2 capital notes issuance, under its medium-term note (MTN) program. In a statement on Tadawul, the bank said the settlement of the notes is expected to take place on Sept.3. Issuance...

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Business & Money | Tuesday 26 August, 2025 9:50 am

Knowledge Economic City secures SAR 305M loan from Riyad Bank

Knowledge Economic City (KEC) secured Shariah-compliant financing of SAR 305 million from Riyad Bank, the company said in a filing to Tadawul today, Aug. 26. The facility will be utilized for the execution of the remaining residential component of Al-Alya project, with a loan tenure of four...

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Business & Money | Tuesday 26 August, 2025 9:00 am

Riyadh Metro welcomes 100M passengers in less than 9 months

The Riyadh Metro, overseen by the Royal Commission for Riyadh City, has welcomed 100 million passengers in less than nine months since the project’s launch in early December 2024. According to the commission, ridership on the Blue Line (Olaya Corridor) reached about 46.5 million since...

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Business & Money | Monday 25 August, 2025 12:39 pm

E-commerce accounts for 29% of retail payments: Al-Kassabi

E-commerce made up 29% of total consumer retail payments in 2024, with more than 87 million shipments recorded, according to Minister of Commerce Majid Al-Kassabi. Speaking at a meeting with business leaders, entrepreneurs, and investors in the Aseer region, Al-Kassabi highlighted that the...

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Business & Money | Monday 25 August, 2025 11:12 am

Saudi Arabia hosts 1,900 food factories with SAR 88B investments: Industry Ministry

The Ministry of Industry and Mineral Resources said that Saudi Arabia hosts a robust food manufacturing base, comprising over 1,900 food factories with total investments exceeding SAR 88 billion. The Kingdom eyes attracting additional investments of SAR 78 billion by 2035, focusing on...

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Business & Money | Monday 25 August, 2025 9:00 am

SRC launches Saudi Arabia's 1st RMBS transaction

Saudi Real Estate Refinance Co. (SRC) launched the first-ever residential mortgage-backed securities (RMBS) transaction in the Kingdom. This landmark transaction is part of SRC’s efforts to develop the local market and enhance liquidity in the real estate finance sector by introducing, for...

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Business & Money | Sunday 24 August, 2025 10:35 am

Saudi VC Impact46 Makes SAR +200M Bet on Baloot Developer in Landmark Gaming Deal

Impact46, one of Saudi Arabia’s most active technology investors, has made its largest bet yet, committing more than 200 million riyals ($53 million) to back Kammelna, the Saudi gaming studio best known for bringing the Kingdom’s iconic card game Baloot to mobile screens. Founded in...

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