Business & Money | Wednesday 19 November, 2025 1:28 pm

Partnership between former Prime Minister of the United Kingdom and the Real Estate Future Forum

As part of preparations for the fifth edition of the Real Estate Future Forum, taking place in May 2025, Forum officials met in London with Baroness Theresa May, former Prime Minister of the United Kingdom and member of the House of Lords. The meeting was held during an international tour aimed at...

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Business & Money | Thursday 25 December, 2025 9:06 am

Alinma Retail REIT changes property manager for some assets

Alinma Retail REIT Fund will not renew the property management contract with Retail Real Estate Co. that is set to expire on Jan. 6, 2026, fund manager Alinma Capital said in a statement to Tadawul. Top Place Co. is taking over property management duties for Almakkan Mall (Hafar...

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Business & Money | Thursday 25 December, 2025 9:05 am

CGS clinches SAR 166M deal with SANAD

Consolidated Grunenfelder Saady Holding Co. (CGS) said it signed a customized solutions project contract with Saudi Aramco Nabors Drilling Co. (SANAD) on Dec. 17, valued at SAR 166.03 million, excluding VAT, according to a statement to Tadawul. The project includes the sale and...

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Business & Money | Thursday 25 December, 2025 9:03 am

ACWA Power announces SAR 2B financial close for Ras Mohaisen IWP

ACWA Power Co. said Ras Mohaisen First Water Desalination Co. (Ras Mohaisen IWP) achieved financial close, with funds secured on Dec. 24 from a consortium of local and international banks comprising Banque Saudi Fransi (BSF), Riyad Bank, The Saudi Investment Bank (SAIB), and Standard Chartered...

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Business & Money | Thursday 25 December, 2025 8:01 am

Balsm Alofoq wins SAR 71.8M project with RCJY

Balsm Alofoq Medical Co. received a letter of award for the operation and maintenance of primary healthcare services, Ras Al-Khair Program in Jubail Industrial City, in partnership with the Royal Commission for Jubail and Yanbu (RCJY) for a total of SAR 71.8 million. In a statement to Tadawul, ...

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Business & Money | Thursday 25 December, 2025 8:00 am

BinDawood Holding to acquire 51% of Wonder Bakery for AED 96.9M

BinDawood Holding Co. signed a share purchase agreement on Dec. 23 to acquire a 51% stake in UAE-based Wonder Bakery LLC for AED 96.9 million, according to a statement to Tadawul. The acquisition value will be subject to certain adjustments in accordance with the terms of the agreement, which...

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Business & Money | Thursday 25 December, 2025 7:10 am

Al Rasheed to supply NESR with silica sand for over SAR 1.1B

Mohammed Hadi Al Rasheed and Partners Co. signed today, Dec. 24, a contract with National Energy Services Reunited Corp. (NESR) to supply high-quality silica sand, a key component used in non-conventional gas extraction operations at the Jafurah field. In a statement to Tadawul, the company...

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Business & Money | Wednesday 24 December, 2025 12:28 pm

DIFC-Based OSON Advances Plan to Build a Digital Financial Corridor Between Central Asia and the GCC

OSON, a fast-growing international fintech holding, is strengthening its regional presence from the Dubai International Financial Centre (DIFC) as it works to connect the booming markets of Central Asia with the GCC through a seamless digital financial corridor. With 2.8 million users, a...

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Business & Money | Wednesday 24 December, 2025 9:52 am

Social Development Bank Signs 51 Agreements at DeveGO25 Forum

The Social Development Bank (SDB) announced the signing of 51 agreements covering the establishment of financing portfolios, as well as local and international cooperation partnerships on the sidelines of the "Entrepreneurship and Modern Business Practices Forum, ‘DeveGO25’. This milestone...

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Business & Money | Wednesday 24 December, 2025 9:30 am

Masdar to develop Southeast Asia’s largest floating solar plant

Abu Dhabi Future Energy Company PJSC – Masdar has announced its first project in Malaysia, with the signing of a power purchase agreement (PPA) to develop a 200-megawatt (MW) floating solar photovoltaic (PV) project at the Chereh Dam in Pahang State. The project will be developed by a...

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Tourism & Hospitality | Wednesday 24 December, 2025 9:28 am

Etihad Airways finishes 2025 on award high, scooping over 25 international awards

Etihad Airways has enjoyed a golden year by collecting more than 25 prestigious international awards throughout 2025, with recognition spanning every aspect of the guest experience from cabin design to onboard catering, safety and operational excellence. The airline crowned the year by...

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