Business & Money | Wednesday 9 April, 2025 10:19 am

Tawuniya bags health insurance contract from Ministry of Foreign Affairs

The Company for Cooperative Insurance (Tawuniya) received today, April 8, an approval from the Ministry of Foreign Affairs to provide cooperative health insurance to its employees, according to a Tadawul statement. The contract value exceeds 10% of the company’s 2024 audited revenue, the...

More Details

Business & Money | Wednesday 9 April, 2025 10:12 am

Equipment House renews SAR 265M credit facilities with Alinma Bank

Scientific & Medical Equipment House Co. (Equipment House) renewed a Shariah-compliant credit facilities agreement worth SAR 265 million with Alinma Bank, according to a Tadawul statement. The financing, effective until Nov. 30, 2027, aims to finance current and future projects, bank...

More Details

Business & Money | Wednesday 9 April, 2025 9:56 am

Alujain signs strategic partnership agreement with British A.B.G.

Alujain Corp. signed a strategic partnership agreement on April 8 between with A.B.G. Limited, a leading British company specializing in geosynthetics solutions, according to a statement to Tadawul. A.B.G. is a subsidiary of BontexGeo, one of the major European manufacturers of geotextile ...

More Details

| Wednesday 9 April, 2025 9:38 am

2P awarded SAR 87.2M project by Ministry of Commerce

Perfect Presentation for Commercial Services Co. (2P) was awarded on April 9 a project by the Ministry of Commerce, valued at SAR 87.16 million (including VAT). According to a statement to Tadawul, 2P pointed out that the project involves the operation, setup, and development of the unified...

More Details

Business & Money | Wednesday 9 April, 2025 9:37 am

ADES extends 3 offshore jack-up contracts in Egypt for SAR 673.5M

ADES Holding Co. received a notice of extension from the General Petroleum Co. (GPC) for three offshore jack-up rigs in Egypt for SAR 673.5 million ($179.6 million), according to a statement to Tadawul. The contracts of two rigs: Admarine III and Admarine VI will be extended for ...

More Details

Business & Money | Tuesday 8 April, 2025 2:04 pm

WAJA wins SAR 7.6M project with Makkah Municipality

WAJA Co. was awarded, on April 7, a project to supply and install office furniture (security phase) by Makkah Municipality. In a statement to Tadawul, the company said that the total contract value stands at SAR 7.58 million, including VAT. No related parties are included in the deal,...

More Details

Business & Money | Tuesday 8 April, 2025 2:02 pm

SRMG launches SRMG Media Solutions

Saudi Research and Media Group (SRMG) launched SRMG Media Solutions (SMS), a next-generation, data-driven media solutions company designed to deliver innovative, results-focused advertising strategies. SMS empowers brands to connect with over 170 million users worldwide through cutting-edge...

More Details

Business & Money | Tuesday 8 April, 2025 1:20 pm

2P signs SAR 20M operations, maintenance deal with Sports Boulevard

Perfect Presentation for Commercial Services Co. (2P) signed a contract on March 27 to operate and maintain technical systems in Zones 1 and 5 of the Sports Boulevard Project, under a framework agreement with a financial ceiling of nearly SAR 20 million, inclusive of VAT. In a statement...

More Details

Business & Money | Tuesday 8 April, 2025 1:17 pm

ADES renews Saudi offshore platform contract for 10 years at SAR 1.09B

ADES Holding Co. renewed the contract for one of its suspended offshore platforms in Saudi Arabia for a period of 10 years, for approximately SAR 1.09 billion ($290 million). This is one of the six platforms that were earlier suspended in Saudi Arabia, ADES said in a statement to...

More Details

Business & Money | Tuesday 8 April, 2025 1:14 pm

ADNEC Group gears up for dynamic second quarter

Building on the success Q1, ADNEC Group continues to excel in 2025, welcoming thousands of visitors, including ministers, key decision-makers, and Heads of State to ADNEC Centre Abu Dhabi. Q2 of 2025 calendar features a diverse lineup of transformative events spanning finance, government, sports,...

More Details