Business & Money | Monday 25 August, 2025 9:00 am

SRC launches Saudi Arabia's 1st RMBS transaction

Saudi Real Estate Refinance Co. (SRC) launched the first-ever residential mortgage-backed securities (RMBS) transaction in the Kingdom. This landmark transaction is part of SRC’s efforts to develop the local market and enhance liquidity in the real estate finance sector by introducing, for...

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Business & Money | Sunday 24 August, 2025 10:35 am

Saudi VC Impact46 Makes SAR +200M Bet on Baloot Developer in Landmark Gaming Deal

Impact46, one of Saudi Arabia’s most active technology investors, has made its largest bet yet, committing more than 200 million riyals ($53 million) to back Kammelna, the Saudi gaming studio best known for bringing the Kingdom’s iconic card game Baloot to mobile screens. Founded in...

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Business & Money | Sunday 24 August, 2025 10:02 am

Global Water Expo, Saudi Arabia’s largest water sector event, returns to Riyadh from 2–4 September, now double in size to meet $533 million water sector demand

Global Water Expo, Saudi Arabia’s most influential water sector trade fair organized by dmg events, returns from 2 – 4 September 2025 at the Riyadh Front Exhibition and Conference Center, bringing together international and local solution providers across water, wastewater and environmental...

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Business & Money | Thursday 21 August, 2025 12:00 pm

Sadr inks SAR 294.3M logistics service contract for Sadr Park

Sadr Logistics Co. signed today, Aug. 20, a warehousing services contract (PL2) with Starlinks for its Sadr Park project. The contract is worth SAR 249.34 million (excluding VAT), the company said in a Tadawul statement. The contract is for a period of 10 years, starting from September 2025....

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Business & Money | Thursday 21 August, 2025 12:00 pm

SRC gets SAMA’s nod to launch residential mortgage-backed securities

The Saudi Central Bank (SAMA) granted Saudi Real Estate Refinance Co. (SRC) a no-objection clearance to launch residential mortgage-backed securities (RMBS) in the domestic market, the bank said in a statement. This program is designed to strengthen the sector's financing capacity by...

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Business & Money | Wednesday 20 August, 2025 12:00 pm

Saudi’s GACA grants VistaJet license as first foreign private jet operator

The General Authority of Civil Aviation (GACA) granted a foreign operator certificate to VistaJet, a private aircraft operator, making it the first international private jet operator permitted to operate domestic routes within the Kingdom. In a statement, the authority said that the...

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Business & Money | Wednesday 20 August, 2025 10:22 am

GIB Capital Announces Management of “Al Wuroud 2” Fund with SAR 1.5 Billion Investment in Taif

GIB Capital, one of the leading companies in asset management and in providing innovative banking, financial, and investment solutions, has announced the management of the “Al Wuroud 2” Fund — a closed-end private real estate fund — with investments exceeding SAR 1.5 billion. The fund is...

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Business & Money | Wednesday 20 August, 2025 9:01 am

MIS signs SAR 450M credit facility deal with GIB

Al Moammar Information Systems Co. (MIS) renewed and amended a SAR 450 million Shariah-compliant credit facility agreement with Gulf International Bank (GIB) - Saudi Arabia. In a statement to Tadawul, the company said the financing was secured on Aug. 14, with the agreement signed on Aug. 19....

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Business & Money | Tuesday 19 August, 2025 11:49 am

SAR to build new station in Al Zulfi

Saudi Arabia Railways (SAR) signed an agreement with the Cooperative for Logistics Services to build and operate a passenger station in Al Zulfi, Saudi Press Agency (SPA) reported. The deal adds a new passenger stop in Al Zulfi, making it the seventh station Al-Majmaah, Qassim on the North...

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Business & Money | Tuesday 19 August, 2025 11:47 am

Jabal Omar refinances SAR 2B facilities with Al Rajhi Bank

Jabal Omar Development Co. (JODC) signed on Aug. 18 a Murabaha financing agreement worth SAR 2 billion with Al Rajhi Bank to refinance existing facilities at improved terms, according to a statement to Tadawul. The financing facility has a tenor of five years, extendable for an additional...

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