Business & Money | Monday 14 July, 2025 8:38 am

PIF’s THC inks SAR 600M Islamic facility deal with ANB

The Helicopter Co. (THC), a wholly-owned subsidiary of the Public Investment Fund (PIF) and the largest commercial helicopter operator in Saudi Arabia, signed a SAR 600 million Islamic credit facility agreement with Arab National Bank (ANB). The financing represents a major boost to the...

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Business & Money | Sunday 13 July, 2025 9:05 am

Updated investment law promotes equality, protects investors: Al-Jadaan

The updated Saudi Investment Law enhances equal opportunities, streamlines procedures, and protects investors, Minister of Finance Mohammed Al-Jadaan said. He added that targeted public investments support the growth of high-potential sectors and help mobilize private capital, the Saudi...

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Business & Money | Sunday 13 July, 2025 8:55 am

Almoosa inks SAR 192M contract for construction, foundation works of Al-Hofuf hospital

Almoosa Health Co. signed, on July 10, a SAR 192 million contract with Masah Specialized Construction Co. to carry out preliminary construction works, foundation works, and the construction of the concrete structure for Almoosa Specialist Hospital project in Al-Hofuf. In a statement to...

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Business & Money | Sunday 13 July, 2025 8:53 am

Cenomi Centers hires financial advisor to refinance $875M sukuk

Arabian Centres Co. (Cenomi Centers) appointed Rothschild & Co as financial advisor for the refinancing of $875 million (SAR 3.28 billion) in sukuk maturing on Oct. 7, 2026, with White & Case continuing as legal advisor. In an emailed statement to Argaam, Cenomi Centers said it will...

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Business & Money | Thursday 10 July, 2025 9:35 am

Energy Minister says Saudi Arabia consistently delivers on policy, results

The Kingdom has always remained consistent—not only in its messages, but also in implementing policies and delivering tangible results on the ground, Energy Minister Prince Abdulaziz bin Salman stated. Speaking at the 9th OPEC International Seminar in Vienna, the Saudi minister emphasized...

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Business & Money | Thursday 10 July, 2025 8:00 am

WSM inks SAR 500M contract with government entity

WSM for Information Technology Co. signed a framework agreement with a government entity to provide services and works based on purchase orders, according to a statement on Tadawul. The three-year contract, signed on July 7, is valued at SAR 500 million. WSM said the agreement is...

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Business & Money | Thursday 10 July, 2025 8:00 am

IMF lauds labor market reforms in Saudi Arabia

The International Monetary Fund (IMF) praised the reforms witnessed by Saudi Arabia’s labor market, saying that they have begun to yield tangible results, including a decline in unemployment rates, a rise in women’s participation in the labor market, and increased employment in the private...

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Business & Money | Thursday 10 July, 2025 8:00 am

Led by HRH Prince Sultan bin Salman… Preparations Begin for the General Aviation Exhibition "Sand & Fun 2025"

His Royal Highness Prince Sultan bin Salman bin Abdulaziz, Founder and Chairman of the Saudi Aviation Club, chaired an official meeting attended by H.E. Dr. Ahmed bin Fahad Al-Fahaid, General Supervisor of the Club, during which the executive plans and accompanying airshow programs for the general...

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Business & Money | Wednesday 9 July, 2025 8:00 am

NWC begins 38 water and sanitation projects in Asir at about SR 2 billion

The National Water Company (NWC) has begun implementing 38 water and sanitation projects in Asir region of the Southern Cluster. These projects include the construction of lines and networks exceeding 2,534 kilometers long at a total cost of nearly 2 billion Saudi Riyals. These projects are part of ...

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Business & Money | Wednesday 9 July, 2025 8:00 am

ROSHN Group Participates at INNOPROM 2025, Russia’s Largest Industrial Trade Fair, to Promote Collaboration in the Real Estate Sector

ROSHN Group, Saudi Arabia’s leading multi-asset real estate developer and a Public Investment Fund (PIF) company, is participating for the first time at INNOPROM, Russia’s largest industrial trade fair. Joining as part of the country’s Invest Saudi trade delegation – the Kingdom is this...

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