Business & Money | Wednesday 27 August, 2025 11:48 am

Emaar EC extends PIF debt-to-equity conversion deal until year-end

Emaar the Economic City (Emaar EC) extended the maturity of its debt-to-equity conversion agreement with the Public Investment Fund (PIF) until Dec. 31, 2025, instead of Sept. 7, 2025, the company said in a statement to Tadawul. According to Argaam data, the company in March amended its...

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Business & Money | Wednesday 27 August, 2025 11:03 am

Amlak signs SAR 250M credit deal with Emirates NBD Saudi Arabia

Amlak International Finance Co. signed on Aug. 26, a Shariah-compliant credit facility agreement with Emirates NBD – Saudi Arabia valued at SAR 250 million. The company said in a statement on Tadawul that the four-year facility secured by an assignment of receivables to the bank and a...

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Business & Money | Tuesday 26 August, 2025 3:57 pm

“Kooheji Development”, in partnership with “NHC”, launches “Rewan Al Ruba” residential project in Riyadh

“Kooheji Development”, in strategic partnership with “NHC”, proudly announces the launch of its residential project, "Rewan Al Ruba," within "Al Ruba Destination" in eastern Riyadh, one of the most prominent new urban destinations in the Kingdom of Saudi Arabia.  The project...

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Business & Money | Tuesday 26 August, 2025 10:31 am

Saudi Industrial Series to accelerate sector growth supporting Saudi Arabia’s Vision 2030 goals to double industrial GDP

As Saudi Arabia accelerates its transformation into a global industrial hub, dmg events, a leading international events organizer, announced the launch of Saudi Industrial Series, co-located with the second edition of Saudi Wood Expo, as part of their continued expansion, supporting the region’s...

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Business & Money | Monday 25 August, 2025 9:56 am

Cityscape Global to showcase major opportunities following Saudi Arabia’s landmark Foreign Homeownership Law

Cityscape Global 2025, the world’s most attended real estate event, will serve as the premier platform to explore the transformative impact of Saudi Arabia’s newly approved foreign homeownership law. The announcement, which opens designated zones across the Kingdom to foreign property ownership ...

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Business & Money | Monday 25 August, 2025 9:48 am

Cityscape Global 2025 to Highlight AI and PropTech’s Potential to World’s Leading Real Estate Players

Cityscape Global 2025, the world’s most attended real estate event, will place Artificial Intelligence and technology at the heart of its agenda this November, showcasing how innovation is reshaping the built environment globally, and enabling the GIGA projects and mega developments that are part ...

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Business & Money | Monday 25 August, 2025 9:38 am

MoneyGram Expands Collaboration with Tahweel Alrajhi to Strengthen Receive Network Across Saudi Arabia

MoneyGram, a leading global payments and money transfer company, today announced a significant expansion of its receive network in Saudi Arabia through an enhanced partnership with Tahweel Alrajhi, the remittance arm of alrajhi bank – one of the Kingdom’s largest and most trusted financial...

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

Investment Ministry: 34 licenses issued for regional HQs in Q2 2025

The Ministry of Investment stated that 34 licenses were issued for regional headquarters in Saudi Arabia during the second quarter of 2025. According to Argaam data, the decision to halt government contracts with any foreign company or commercial entity without a regional headquarters in the...

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Business & Money | Sunday 24 August, 2025 10:55 am

Almoosa secures SAR 650M credit facility from BSF

Almoosa Health Co. signed, on Aug. 21, a Shariah-compliant credit facility agreement with Banque Saudi Fransi (BSF) at a total value of SAR 650 million. The facility will extend over a period of seven years, and will be guaranteed by a promissory note, the company said in a statement to...

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Business & Money | Sunday 24 August, 2025 10:12 am

NWC distributes over 45.5 million m3 water during tourist season in Asir, Al Baha, and Al Taif.

The National Water Company (NWC) announced that it has achieved its operational targets in managing the water distribution system during the tourist season in Asir and Al Baha regions, and Al Taif governorate. NWC distributed more than 45.5 million cubic meters of water, reflecting its efficient...

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