Business & Money | Wednesday 16 July, 2025 2:32 pm

Musharaka Capital completes offering to Placement initiates operation of Al-Haram View Fund with expected investment size of SAR 1.5B

Musharaka Capital, a leading asset management company, completed the offering to Placement and initiated the operation of the Al-Haram View Fund, with an expected investment size of SAR 1.5 billion. The fund is built on a strategic investment vision aimed at generating attractive medium- and...

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Business & Money | Wednesday 16 July, 2025 11:12 am

NDMC closes July Sukuk Program at SAR 5B

The National Debt Management Center (NDMC) closed receiving investor orders for its domestic issuance for July, under the Saudi Arabian Government SAR-denominated Sukuk Program. The total volume allocated was SAR 5.02 billion, NDMC said in a statement today, July 15. The issuance was...

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Business & Money | Wednesday 16 July, 2025 11:03 am

First Avenue, Asas Makeen ink deal to develop Jadah Al-Huda project in Riyadh

First Avenue for Real Estate Development Co. signed a contract with Asas Makeen Real Estate Development and Investment Co. to develop the Jadah Al-Huda residential project in Riyadh, according to a Tadawul statement. Construction will commence immediately upon obtaining regulatory...

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Business & Money | Wednesday 16 July, 2025 11:01 am

Zain KSA and Cisco to Collaborate on the Development of Advanced AI Infrastructure

Zain KSA, a leading provider of telecommunications and digital services in Saudi Arabia, has signed a Memorandum of Understanding (MoU) with Cisco, the global leader in networking and security, focusing on the development of cutting-edge AI infrastructure and GPU-as-a-Service...

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Business & Money | Tuesday 15 July, 2025 11:33 am

Lucidya Raises USD30 Million in Largest AI Funding Round in MENA

Lucidya, MENA’s leading AI-Powered customer experience management (CXM) platform, has announced the close of its USD30 million Series B round—the largest AI investment ever raised in the region. The round was led by Impact46, the Saudi VC behind IPOs Jahez and Rasan. New participants...

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Business & Money | Tuesday 15 July, 2025 11:06 am

Diriyah inks SAR 2.25B contract for Diriyah Square project

Diriyah Co. announced the award of a major new SAR 2.25 billion contract to Salini Saudi Arabia, a subsidiary of Italy-based Webuild Group, for the construction of the high-profile Diriyah Square retail precinct, which is situated at the heart of Diriyah. The scope of the work covers...

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Business & Money | Monday 14 July, 2025 9:31 am

NWC starts 15 water and sanitation projects in Al Baha worth over SR 591 million

The National Water Company (NWC) announced that it has started implementing 15 water and sanitation projects in the Al Baha region in the Southern Cluster, including pipelines and networks of more than 534 kilometers at a cost of over 591 million Saudi Riyals. These projects are part of NWC's...

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Business & Money | Monday 14 July, 2025 9:15 am

Novo Nordisk partners with Saudi Heart Association to improve cardiovascular health in Saudi Arabia

Novo Nordisk, a leading global healthcare company, is excited to announce a new Memorandum of Understanding with the Saudi Heart Association (SHA), aimed at improving cardiovascular care throughout Saudi Arabia. This strategic partnership will engage clinicians in a series of educational and...

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Business & Money | Monday 14 July, 2025 8:38 am

PIF’s THC inks SAR 600M Islamic facility deal with ANB

The Helicopter Co. (THC), a wholly-owned subsidiary of the Public Investment Fund (PIF) and the largest commercial helicopter operator in Saudi Arabia, signed a SAR 600 million Islamic credit facility agreement with Arab National Bank (ANB). The financing represents a major boost to the...

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Business & Money | Sunday 13 July, 2025 9:05 am

Updated investment law promotes equality, protects investors: Al-Jadaan

The updated Saudi Investment Law enhances equal opportunities, streamlines procedures, and protects investors, Minister of Finance Mohammed Al-Jadaan said. He added that targeted public investments support the growth of high-potential sectors and help mobilize private capital, the Saudi...

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