Business & Money | Monday 15 September, 2025 9:45 am

Cenomi Retail signs SAR 2.95B financing deals

Fawaz Abdulaziz Alhokair Co. (Cenomi Retail) signed today, Sept. 14, financing agreements worth SAR 2.95 billion with Al-Futtaim Retail, its subsidiary Al-Futtaim Private Co. LLC, and Emirates NBD – Saudi Arabia, comprising a shareholder loan and a credit facility, the company said in a Tadawul...

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Business & Money | Monday 15 September, 2025 9:42 am

Al Majdiah signs SAR 453.6M contracts for projects in Riyadh, Jeddah

Dar Al Majed Real Estate Co. (Al Majdiah) signed two contracts with Tatweej Contracting Co. to implement the Khayala 1 project in Jeddah and Riyadh Adeem Al-Fursan project, according to a statement to Tadawul. The first project was valued at SAR 155.48 million, excl. VAT, with the second one...

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Business & Money | Monday 15 September, 2025 9:40 am

Zain KSA signs SAR 5.5B Murabaha facility agreement with banks

Mobile Telecommunication Company Saudi Arabia (Zain KSA) signed a Murabaha facility agreement valued at SAR 5.5 billion with Al Rajhi Bank, Arab National Bank (ANB), Saudi National Bank (SNB), Riyad Bank, and Gulf International Bank (GIB). In a statement to Tadawul, the company said the...

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Business & Money | Sunday 14 September, 2025 12:28 pm

Schneider Electric’s Innovation Summit Returns to Riyadh on September 24–25 to Advance Digital Transformation and Sustainability in the Kingdom

Schneider Electric, the global leader in the digital transformation of energy management and automation, will host the second edition of its flagship Innovation Summit in Riyadh on September 24–25, 2025 (2–3 Rabi Al-Thani 1447H). Held under the theme “IMPACT Today for a Better Tomorrow:...

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Business & Money | Sunday 14 September, 2025 12:18 pm

Al Battal Factory signs contract to sell products in US, Canada

Al Battal Factory for Chemical Industries Co. signed, on Sept. 11, a three-year exclusive agency agreement with Alphion International to market its products, namely carboxymethyl cellulose (CMC) and polyanionic cellulose (PAC), in the US and Canadian markets. In a statement to Tadawul, the...

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Business & Money | Sunday 14 September, 2025 12:14 pm

Wadi Jeddah Signs Cooperation Agreement with the National Housing Company to Strengthen Investment and Community Initiatives

Wadi Jeddah, the investment arm of King Abdulaziz University, has signed a strategic cooperation agreement with the National Housing Company (NHC). The agreement reflects Wadi Jeddah’s ongoing commitment to building high-value partnerships that drive economic and social development while...

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Business & Money | Sunday 14 September, 2025 12:09 pm

Al Akaria says 487,840 sqm land liable for white land tax

Saudi Real Estate Co. (Al Akaria) disclosed that 487,840 square meters (sqm), or 4.65%, of its Riyadh land bank falls under the scope of the white land fee system, according to a statement to Tadawul. The company’s land portfolio in Riyadh covers a total area of 10.48...

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Business & Money | Sunday 14 September, 2025 12:07 pm

Tamara seeks $1.4B financing: Report

Tamara Finance Co., a Saudi fintech, is set to secure at least $1.4 billion in financing from a group of banks, Bloomberg reported, citing sources. Goldman Sachs, Citigroup, and Apollo Global Management are expected to participate in the asset-backed financing deal, the sources said. One...

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Technology & IT | Sunday 14 September, 2025 10:43 am

Over 1.4 billion accounts hacked monthly worldwide: Cyber Security Council

The UAE Cyber Security Council (CSC) has warned of growing risks linked to users’ digital footprints, saying more than 1.4 billion accounts are hacked globally each month. The council said every login, post or interaction online leaves a trace that can be exploited. It identified two types...

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Business & Money | Sunday 14 September, 2025 10:41 am

Dubai Chambers hosts seminar to elevate customer experience

Dubai Chambers has successfully hosted a seminar on Service Excellence aimed at equipping private-sector companies with the insights and strategies required to deliver outstanding customer experiences. The event provided a platform for attendees to discover practical ways to elevate their...

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