Business & Money | Tuesday 19 August, 2025 10:24 am

D360 Digital Bank – The Exclusive Banking Partner of Thmanyah, the Official Broadcaster of Saudi Football

D360 Digital Bank, the first Shariah-compliant Saudi digital bank, announced its exclusive banking partnership with Thmanyah for the landmark broadcast rights of the Kingdom’s most prestigious football tournaments. This partnership positions D360 Bank as the exclusive financial partner,...

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Business & Money | Monday 18 August, 2025 12:00 pm

Sumou wins SAR 135M project in Jeddah

Sumou Real Estate Co. was awarded a project in Obhur Al-Janoubiyah district of Jeddah by Diyar Real Estate Development Fund Co., which represents a real estate fund managed by SEDCO Capital. The project is valued at approximately SAR 135 million (excluding VAT), according to a statement...

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Business & Money | Monday 18 August, 2025 12:00 pm

Tadawul to study feasibility of Damascus Stock Exchange project: Al-Falih

Saudi Investment Minister Khalid Al-Falih said the Saudi Stock Exchange (Tadawul) has launched preparations for a comprehensive feasibility study on establishing and operating a Damascus Stock Exchange. Speaking at the opening of the Saudi-Syrian roundtable, Al-Falih added that Saudi Arabia...

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Business & Money | Sunday 17 August, 2025 12:00 pm

MASAR signs contract to sell land plot for SAR 145.1M

Umm Al Qura for Development and Construction Co. (MASAR) announced the signing of an agreement to sell a land plot within the Masar Destination development in Makkah for SAR 145.12 million, according to a Tadawul statement. The transaction value excludes real estate transaction tax and any...

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Business & Money | Sunday 17 August, 2025 12:00 pm

Cabinet approves digital ID use for non-resident foreigners to own property

The Cabinet approved the use of a digital ID to enable non-Saudi, non-resident foreigners to own property in the Kingdom.The Real Estate General Authority (REGA) will coordinate with the Ministry of Interior, the Saudi Data and Artificial Intelligence Authority (SDAIA), the National Information...

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Business & Money | Sunday 17 August, 2025 12:00 pm

Aramco signs $11 billion Jafurah midstream deal with international consortium

Aramco has signed an $11 billion lease and leaseback deal involving its Jafurah gas processing facilities with a consortium of international investors, led by funds managed by Global Infrastructure Partners (GIP), a part of BlackRock. Jafurah is the largest non-associated gas development in...

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Business & Money | Friday 15 August, 2025 12:01 am

NWC starts implementing 22 projects to boost services in Jeddah at over SR 1.8 billion

The National Water Company (NWC) has started implementing 22 capital projects in Jeddah city at a cost of over 1.8 billion Saudi Riyals. These projects include the construction of pipelines and networks totaling approximately 984 kilometers in length. The projects are part of the company's...

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Business & Money | Thursday 14 August, 2025 12:42 pm

Intersec Saudi Arabia to be held under the patronage of HRH Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud

 Intersec Saudi Arabia, the Kingdom’s premier platform for security, safety and fire protection industries, will be held  under the patronage of His Royal Highness Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior, and in association with the General...

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Business & Money | Thursday 14 August, 2025 11:41 am

Al-Rumayyan says PIF currently accelerating pace of investments

Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF), said that the fund launched a new and promising phase of superior performance and qualitative innovation during the past year, marked by the systematic integration of artificial intelligence applications, smart automation solutions,...

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Business & Money | Thursday 14 August, 2025 11:00 am

PIF AUM climbs 19% to SAR 3.42T by end-2024

Saudi Arabia’s Public Investment Fund (PIF) reported total assets under management (AUM) of SAR 3.42 trillion for 2024, including SAR 30 billion receivables from other parties, according to its 2024 annual report released today, Aug. 13. AUM rose 19% from SAR 2.87 trillion in 2023, the...

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