Business & Money | Thursday 27 November, 2025 12:00 pm

Almoosa signs SAR 657.5M contract to build Al-Khobar hospital

Almoosa Health Co. signed on Nov. 26 a contract with BEC Arabia to execute the preliminary foundational and structural works for the Almoosa Specialist Hospital project in Al-Khobar, for SAR 657.5 million (excluding VAT). In a statement to Tadawul, the company said the scope of...

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Business & Money | Thursday 27 November, 2025 12:00 pm

ZMH Advisors Partners with Takamol Holding to Promote Data-Driven Policy Design, Sustainability, Corporate Governance, and Stakeholder Engagement in Saudi Arabia

 ZMH Advisors LLC (“ZMH Advisors”), a leading data-driven stakeholder engagement, sustainability, corporate governance, and policy advisory firm, announced today the signing of a Memorandum of Understanding (MOU) with Takamol Holding (“Takamol”) during the U.S.–Saudi Investment Forum ...

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Business & Money | Wednesday 26 November, 2025 8:00 am

KSIA project master plan completed: CEO

King Salman International Airport (KSIA) reached a major milestone with the completion of its project master plan, Acting CEO Marco Mejia said. He explained that 45 km² will be dedicated to aviation-related activities and 12 km² to commercial and logistics zones, highlighting that these...

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Business & Money | Wednesday 26 November, 2025 8:00 am

PIF offers 48M shares of Masar to institutional investors

The Public Investment Fund (PIF) launched an accelerated bookbuild offering (ABO) to offload up to 48 million shares (or 3.3%) of TASI-listed Umm Al Qura for Development and Construction Co. (Masar) to institutional investors. Citigroup Saudi Arabia and SNB Capital are acting as...

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Business & Money | Tuesday 25 November, 2025 8:00 am

Al-Khorayef says innovation, not factory count, defines industrial progress

Industrial progress is not measured solely by the number of factories, but by the sector’s ability to achieve industrial inclusiveness, drive innovation and ensure sustainability, Minister of Industry and Mineral Resources Bandar Al-Khorayef said. During his opening speech at the General...

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Business & Money | Tuesday 25 November, 2025 8:00 am

SWA achieves SAR 3.3B financial savings in 2024

The Saudi Water Authority (SWA) reported in 2024 its highest annual financial savings since launching its initiative to reduce desalinated water production costs. By year-end, savings reached SAR 3.3 billion, bringing the cumulative five-year savings to more than SAR 10.9 billion, the...

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Business & Money | Tuesday 25 November, 2025 8:00 am

SAIB sells 44.4%-owned Riyadh land, records SAR 801.1M net proceeds

The Saudi Investment Bank (SAIB) finalized the sale of a 44.4%-owned land plot, located on Khurais Road in Riyadh. The bank’s share of net proceeds, after deducting auction-related costs and expenses, stood at SAR 801.1 million, according to a Tadawul filing. SAIB explained that...

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Business & Money | Monday 24 November, 2025 8:00 am

Hassan Allam Holding and Tilal Real Estate Partner with NHC to Develop a Landmark Integrated Community in Riyadh’s Khozam District

Hassan Allam Holding and Tilal Real Estate alliance have announced the signing of a strategic partnership with the National Housing Company (NHC) during Cityscape Saudi Arabia 2025 to develop their first mixed-use project in Riyadh’s Khozam District. The agreement was signed in the presence...

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Business & Money | Monday 24 November, 2025 8:00 am

Rikaz Announces a Strategic Partnership with Logistiya and Forsa Capital to Launch a Logistics Real Estate Fund with an Investment of SAR 300 Million

Rikaz, Saudi Arabia's leading real estate developer, announced the signing of a strategic partnership with Logistiya, a company specialized in developing logistics facilities, and Forsa Capital, an investment fund management firm, to launch a logistics real estate fund with investments estimated at ...

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Business & Money | Monday 24 November, 2025 8:00 am

SGP breaks ground on Dammam logistics zone

Prince Saud bin Nayef bin Abdulaziz, Governor of Eastern Province, inaugurated the new expansion of King Abdulaziz Port’s second container terminal in Dammam, backed by over SAR 2.8 billion in private-sector investment. He also laid the foundation stone for an integrated logistics zone...

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