Business & Money | Wednesday 16 July, 2025 11:19 am

Tharwah awarded SAR 4.5M training contract from ZATCA

Altharwah Albashariyyah Co. (Tharwah) secured a SAR 4.48 million contract, including VAT, under a framework agreement to deliver technical training programs for Zakat, Tax and Customs Authority (ZATCA) employees in 2025. The contract is expected to be signed on Aug. 24, 2025, the company said...

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Business & Money | Wednesday 16 July, 2025 11:07 am

Al Yamamah Steel inks SAR 68.7M contracts to supply wind towers

Al Yamamah Steel Industries Co. announced today, July 15, the signing of two contracts with SEPCOIII Electric Power Construction Co., Ltd. Branch, at a total value of SAR 68.66 million. In a statement to Tadawul, the company said that the first is contract is for supplying steel ...

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Business & Money | Tuesday 15 July, 2025 11:30 am

SACO signs SAR 140.4M agreement to sell Riyadh warehouse

Saudi Company for Hardware (SACO) signed today, July 15, a sales agreement for its warehouse located in the Al-Mashael district in Riyadh, with a total value of nearly SAR 140.43 million, excluding real estate transaction tax and brokerage commission. According to a statement to Tadawul, the...

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Business & Money | Monday 14 July, 2025 4:32 pm

Schneider Electric Launches Lauritz Knudsen in Saudi Arabia to Support the Kingdom’s Energy and Digital Transformation

Schneider Electric, the global leader in the digital transformation of energy management and automation, has officially launched Lauritz Knudsen—its flagship brand in low-voltage electrical distribution and automation solutions—in the Saudi Arabian market. This launch marks the next phase in...

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Tourism & Hospitality | Monday 14 July, 2025 9:35 am

Saudia Transports Over 17.5 Million Guests in First Half of 2025

Saudia, the national flag carrier of Saudi Arabia, has achieved growth in its operational performance for the first half of 2025, based to the latest performance report. The airline carried more than 17.5 million guests, marking a 7.2% increase compared to the same period in 2024.  This...

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Business & Money | Monday 14 July, 2025 9:29 am

ROSHN Group Joins Recycle Your Device Initiative to Promote a Circular Economy

ROSHN Group, Saudi Arabia’s leading multi-asset real estate developer and a Public Investment Fund (PIF) company, is partnering with the Communications, Space & Technology Commission (CST) for the nationwide CSR initiative, Recycle Your Device. This impactful campaign, which will run until...

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Business & Money | Monday 14 July, 2025 9:27 am

ROSHN Group Joins LIV Golf as Pillar Partner, Launching the ‘Rising Stars’ Talent Development Program

ROSHN Group, Saudi Arabia’s leading multi-asset real estate developer and a Public Investment Fund (PIF) company, joins LIV Golf as Global Pillar Partner for 19 international tour stops during the 2025 and 2026 seasons. As the two entities work together to modernize golf and accelerate the...

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Business & Money | Sunday 13 July, 2025 9:28 am

Fitch affirms Tawuniya ‘A’ credit rating with positive outlook

Fitch Ratings affirmed The Company for Cooperative Insurance's (Tawuniya) Insurer Financial Strength (IFS) rating at 'A'. The Outlook is Positive.  In a statement to Tadawul, the insurer said that this rating is an important indicator reflecting the company’s strong financial position...

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Business & Money | Sunday 13 July, 2025 8:58 am

Saudia tops global airlines for on-time performance in June

Saudia, the national flag carrier of Saudi Arabia, said it maintained its strong operational performance, ranking first globally among airlines for on-time departure and arrival performance, according to June 2025 report by Cirium, a platform specialized in monitoring airline and airport...

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Business & Money | Thursday 10 July, 2025 9:55 am

Alinma Bank completes $500M sukuk issue

Alinma Bank completed the issuance of US dollar-denominated sukuk worth $500 million, under its Trust Certificate Issuance Program. The sukuk issue is expected to be settled on July 15, the bank said in a statement on Tadawul.  Sukuk Issuance DetailsOffering TypeUS...

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