Business & Money | Wednesday 2 July, 2025 11:24 am

SEDCO Capital REIT ups Bank AlJazira credit limit to SAR 1.87B

SEDCO Capital REIT Fund’s board of directors approved increasing the financing limit provided by AlJazira Bank from SAR 1.72 billion to SAR 1.87 billion, the fund manager, Saudi Economic and Development Securities Co. (SEDCO Capital), said in a statement to Tadawul. The increased facility...

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Business & Money | Wednesday 2 July, 2025 11:21 am

SNB plans to fully redeem SAR 2B Tier 1 sukuk

Saudi National Bank (SNB) plans to redeem SAR 2 billion Tier 1 sukuk in full, at par value (100% of issue price) on July 15, the tenth anniversary of the issue, according to a Tadawul statement. SNB obtained the necessary regulatory approvals in this regard, it noted. The...

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Business & Money | Wednesday 2 July, 2025 11:19 am

Arabian Drilling, Aramco extend SAR 1.4B contracts for 4 rigs

Arabian Drilling Co. secured contract extensions for four of its rigs with Saudi Arabian Oil co. (Saudi Aramco), for a total backlog value of SAR 1.37 billion, with durations varying between one and ten years. The extension elevates the company's current backlog to SAR 11.1 billion, Arabian...

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Business & Money | Tuesday 1 July, 2025 4:33 pm

'Autoworld' to invest AED45 million in new Jafza facility

Autoworld International FZCO, the regional distributor for India’s Bajaj Auto Ltd, has announced an investment of AED45 million to develop a new logistics and distribution hub in the Jebel Ali Free Zone (Jafza). The facility will enhance Autoworld’s ability to serve rapidly growing markets ...

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Business & Money | Tuesday 1 July, 2025 4:31 pm

Mubadala announces agreement to invest in Loscam International

Mubadala Investment Company announced its agreement to acquire a 30 percent stake in Loscam International, a provider of pallet pooling and returnable packaging solutions across the Asia-Pacific region. Mubadala will join the existing shareholder group alongside Trustar Capital, the private...

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Business & Money | Tuesday 1 July, 2025 4:29 pm

SCA advances digital transformation with 'Robo-Advisor' service regulation

The Securities and Commodities Authority (SCA) has approved the regulation of the Robo-Advisor service as part of its transformational projects, marking a strategic step toward establishing a secure digital investment environment in the UAE. This regulatory framework reflects the SCA’s...

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Business & Money | Tuesday 1 July, 2025 4:27 pm

Dubai Holding enters strategic agreement with Select Group to develop landmark projects at Palm Jebel Ali, Dubai Design District

Dubai Holding and Select Group, a leading multi-discipline real estate development and investment group along with its long-standing JV partner Emirates Strategic Investments Company LLC (ESIC), have entered a strategic agreement to develop landmark projects at two of the most iconic locations in...

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Business & Money | Tuesday 1 July, 2025 4:24 pm

EDGE, ST Engineering Land MRO & Services sign MoU to explore business opportunities in UAE

AL TAIF, the leading provider of maintenance, repair and overhaul (MRO) services and an entity of EDGE, one of the world’s leading advanced technology and defence groups, has signed a Memorandum of Understanding (MOU) with ST Engineering Land MRO & Services, a Singapore-based global...

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Business & Money | Tuesday 1 July, 2025 4:19 pm

Aldar acquires integrated logistics assets in ALMARKAZ from WAHA CAPITAL for AED530 million

Aldar has acquired high-quality warehousing and light industrial real estate assets in the Al Dhafra region of Abu Dhabi from Waha for AED530 million. The assets, which are located at ALMARKAZ Industrial Park - a flagship Industrial and Business Park Development - add 182,500 sqm of net...

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Business & Money | Tuesday 1 July, 2025 4:15 pm

SRMG’s Taoq inks marketing services contract for SAR 240M

Saudi Research and Media Group’s (SRMG) subsidiary, Taoq Public Relations Co., signed on June 30 a contract with a commercial company active in publicity, advertising, and public relations to provide content services for visual platforms. The contract is valued at for SAR 240...

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