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 11:19 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 11:12 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 11:07 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 | 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 | Wednesday 16 July, 2025 10:57 am

du becomes UAE's first telecom operator to achieve ISO 20400 certification for sustainable procurement

du, the leading telecom and digital services provider, has become the first telecom operator in the UAE, and the second in the GCC, to be awarded the ISO 20400 Sustainable Procurement certification. The international standard represents excellence in sustainable procurement processes, spotlighting...

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Business & Money | Wednesday 16 July, 2025 10:55 am

DEWA receives ‘3G Championship Award for Digital Transformation 2025’

Dubai Electricity and Water Authority (DEWA) has won the ‘3G Championship Award for Digital Transformation 2025' in recognition of the remarkable achievements of its Internal Audit Department. The accolade, which was announced at the Global Good Governance Awards organised by UK financial...

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Business & Money | Wednesday 16 July, 2025 10:54 am

IHC completes acquisition of eFunder, rebrands platform as Zelo to strengthen SME capital access in UAE

IHC, a global investment company focused on building dynamic value networks, today announced that it has completed the acquisition of eFunder, the UAE’s pioneering private financing platform for small and medium-sized enterprises (SMEs). The platform has now been rebranded as Zelo, marking a new...

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Business & Money | Wednesday 16 July, 2025 10:51 am

flydubai receives Executive Leadership for Middle East & Africa accolade at 2025 Airline Strategy Awards

Ghaith Al Ghaith, Chief Executive Officer at flydubai, has been awarded the Executive Leadership for the Middle East & Africa accolade at the 2025 Airline Strategy Awards in London last night. The Airline Strategy Awards, now in their 21st edition, are globally recognised for celebrating...

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