Business & Money | Monday 17 November, 2025 2:19 pm

Al Majdiah signs SAR 1B Riyadh real estate deal

Dar Al Majed Real Estate Co. (Al Majdiah) signed an investment agreement on Nov. 13 with Jadwa Fund 47, managed by Jadwa Investment Co., and landowner Abdullah Al-Qassim to participate in the development of a premium mixed-use real estate project in Riyadh. Under the agreement, Al Majdiah ...

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Business & Money | Monday 17 November, 2025 2:11 pm

MIS wins SAR 190.5M project with NCM

Al Moammar Information Systems (MIS) won, on Nov. 16, a project valued at nearly SAR 190.5 million, including VAT, from the National Center for Meteorology (NCM), according to a Tadawul statement. The project is to provide IT system services for all NCM sites, ensuring that all...

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Business & Money | Monday 17 November, 2025 2:04 pm

Major cities need over 1.5M housing units by 2030: Al-Hogail

The Saudi housing market in the five major cities—Riyadh, Makkah, Jeddah, Madinah, and Dammam—will require more than 1.5 million additional residential units by 2030, Minister of Municipalities and Housing Majed Al-Hogail said. Speaking at the Cityscape 2025 Conference, Al-Hogail noted...

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Business & Money | Monday 17 November, 2025 12:00 pm

Masar inks 3 reservation agreements to sell land worth SAR 689.3M

Umm Al-Qura for Development and Construction Co. (Masar) said special purpose vehicles (SPV) of its fully owned development fund signed two reservation agreements to sell land plots within the Masar Destination project for SAR 462.11 million. Alinma First Development Co. Ltd. and Al-Inma...

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Business & Money | Monday 17 November, 2025 12:00 pm

Arabian Drilling renews four Aramco contracts worth over SAR 2B

Arabian Drilling Co. secured extensions for four rig contracts with Saudi Arabian Oil Co. (Saudi Aramco), adding more than SAR 2 billion to its backlog, with durations ranging from five to ten years. In a statement to Tadawul, the company said the renewals will add 30 committed...

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Business & Money | Sunday 16 November, 2025 3:05 pm

Schneider Electric Showcases the Impact of its Sustainability Commitment Through Strong Q3 Results

Schneider Electric, a global energy technology leader, today announces its non-financial results for the third quarter of 2025, confirming its progress toward completing the Schneider Sustainability Impact (SSI) 2021–2025 program. With one quarter remaining, the company reports a score of 8.52...

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Business & Money | Sunday 16 November, 2025 12:40 pm

Dubai Electricity and Water Authority PJSC announces record breaking revenue of AED 25 billion and operating profit of AED 8.3 billion for the first nine months ending Sept 2025

Record nine months of 2025 ResultsAED 24.9 billionAED 13.1 billionAED 8.3 billionAED 6.8 billion+5.9% YoY+11.9% YoY+21.5% YoY+24.8% YoY9 months of 2025  Revenue 9 months of 2025  EBITDA 9 months of 2025  Operating Profit 9 months of ...

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Business & Money | Sunday 16 November, 2025 12:27 pm

Events Investment Fund Boosts Saudi Sports, Culture, Tourism and Entertainment Sectors with Launch of First Landmark Project

The Events Investment Fund (EIF) — launched by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, under the National Development Fund (NDF) — today announced the development of the Riyadh Shooting Range & Entertainment...

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Business & Money | Sunday 16 November, 2025 12:18 pm

Social Development Bank announces second edition of the Entrepreneurship and Modern Business Practices Forum (DeveGo 2025)

As part of its commitment to transforming Saudi entrepreneurship and empowering Small and Emerging Enterprises to grow and thrive in a rapidly evolving global economy, the Social Development Bank (SDB) has announced the second edition of the Entrepreneurship and Modern Business Practices Forum...

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Business & Money | Sunday 16 November, 2025 12:11 pm

Senior Delegation from the Ministry of Energy and Infrastructure Visit Schneider Electric’s Impact Building ‘The NEST’ in Dubai

HE Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs in the UAE Ministry of Energy and Infrastructure, along with a senior delegation from the Ministry, visited Schneider Electric’s Dubai office and flagship Impact Building globally, The NEST. Amel Chadli, President of Gulf...

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