Environment & Energy | Friday 4 July, 2025 12:04 am

NWC began 19 water and sanitation projects in Jazan at SR 1.5+ billion

The National Water Company (NWC) has begun implementing 19 water and sanitation projects in Jazan region of the company’s Southern Cluster. These crucial projects include the construction of water and sanitation lines and networks exceeding 1,203 kilometers long at a total cost of more than 1.5...

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Business & Money | Thursday 3 July, 2025 1:59 pm

AWJ Real Estate and Seef Properties Join Forces to Launch a SAR 1.5 Billion Mixed-Use Destination in Riyadh

AWJ Real Estate has announced the signing of a strategic Memorandum of Understanding with Seef Properties, one of the leading real estate development companies in the Kingdom of Bahrain, to jointly develop a mixed-use destination in Riyadh. The project will be part of a broader series of...

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Business & Money | Thursday 3 July, 2025 9:00 am

Riyad Bank plans USD-denominated T2 trust certificates

Riyad Bank announced plans to issue USD-denominated, tier 2 trust certificates under its international trust certificate issuance program, updated on May 16, 2025, and based on its board of directors’ resolution dated Aug. 9, 2024, according to a statement to Tadawul. The issuance is...

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Business & Money | Wednesday 2 July, 2025 11:56 am

Jadwa leads a USD 50 million investment round in PetroApp

Jadwa Investment, a leading investment management and advisory firm in the Middle East, today announced it has led a USD 50 million investment round in PetroApp, Saudi Arabia’s leading fuel management platform, through its flagship blind-pool vehicle, Jadwa GCC Diversified Private Equity Fund....

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Business & Money | Wednesday 2 July, 2025 11:24 am

SEDCO Capital REIT ups Bank AlJazira credit limit to SAR 1.87B

SEDCO Capital REIT Fund’s board of directors approved increasing the financing limit provided by AlJazira Bank from SAR 1.72 billion to SAR 1.87 billion, the fund manager, Saudi Economic and Development Securities Co. (SEDCO Capital), said in a statement to Tadawul. The increased facility...

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Business & Money | Wednesday 2 July, 2025 11:21 am

SNB plans to fully redeem SAR 2B Tier 1 sukuk

Saudi National Bank (SNB) plans to redeem SAR 2 billion Tier 1 sukuk in full, at par value (100% of issue price) on July 15, the tenth anniversary of the issue, according to a Tadawul statement. SNB obtained the necessary regulatory approvals in this regard, it noted. The...

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Business & Money | Wednesday 2 July, 2025 11:19 am

Arabian Drilling, Aramco extend SAR 1.4B contracts for 4 rigs

Arabian Drilling Co. secured contract extensions for four of its rigs with Saudi Arabian Oil co. (Saudi Aramco), for a total backlog value of SAR 1.37 billion, with durations varying between one and ten years. The extension elevates the company's current backlog to SAR 11.1 billion, Arabian...

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Business & Money | Tuesday 1 July, 2025 4:15 pm

SRMG’s Taoq inks marketing services contract for SAR 240M

Saudi Research and Media Group’s (SRMG) subsidiary, Taoq Public Relations Co., signed on June 30 a contract with a commercial company active in publicity, advertising, and public relations to provide content services for visual platforms. The contract is valued at for SAR 240...

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Business & Money | Tuesday 1 July, 2025 4:05 pm

Umm Al Qura for Development and Construction signs tripartite MoU with Naif Al-Rajhi Investment, Aljazira Capital for development projects in Masar

Umm Al Qura for Development and Construction Company, the owner, developer, and operator of Masar destination, has signed a strategic, tripartite Memorandum of Understanding (MoU) with Naif Alrajhi Investment and Aljazira Capital. The memorandum aims to launch a real estate private fund with an...

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Business & Money | Monday 30 June, 2025 1:03 pm

NWC embarks on implementing 23 projects in Madinah at SR 814+ million

The National Water Company (NWC)'s Northwest Cluster announced the start of 23 water and environmental projects in various locations in Madinah at more than 814 million Saudi Riyals. The projects aim to increase service coverage, raise operational efficiency, and improve customer service. The...

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