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

Arabian Drilling renews 11 SLB gas rig contracts for 1 year

Arabian Drilling Co. (ADC) extended the contracts for 11 onshore gas drilling rigs with SLB for one year. In a statement to Tadawul, the company said the extension represents 15%-20% of its 2024 revenues. All 11 rigs are currently in operation, and ADC will continue providing drilling...

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

Umm Al Qura for Development and Construction Company Announces Signing of Land Sale Agreement to a Real Estate Fund Managed by SEDCO Capital

Umm Al Qura for Development and Construction Company, the owner, developer, and operator of Masar Destination, has announced the sale of a plot of land measuring 2,671.21square meters in Masar Central zone, adjacent to the King Abdullah Mosque project to Jazeel Al-Bina'a Company, the SPV of a...

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Business & Money | Thursday 14 August, 2025 11:37 am

SADAFCO sells Riyadh plot for SAR 110.3M

Saudia Dairy and Foodstuff Co. (SADAFCO) said it completed the sale of a 6,130-square-meter plot in Al-Murooj district, north Riyadh, for SAR 110.25 million, excluding real estate transaction tax. The buyers are Ibrahim Saedan and Haya Al Ajlan, with no special conditions or preferential...

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Business & Money | Thursday 14 August, 2025 11:07 am

Saudi Printing signs SAR 75M financing deal with SRMG

Saudi Printing and Packaging Co. (SPPC) signed on Aug. 13 a financing agreement with one of its major shareholders, Saudi Research and Media Group (SRMG) for SAR 75 million, according to a statement to Tadawul. The facility, which will mature on Dec. 31, 2028, will be used to finance the...

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Business & Money | Wednesday 13 August, 2025 4:09 pm

Schneider Electric Accelerates eMobility in Saudi Arabia with New Solutions, Strategic Partnerships, and Local Empowerment

Schneider Electric, the global leader in the digital transformation of energy management and automation, announced a series of impactful initiatives to expand its electric mobility (eMobility) footprint in Saudi Arabia, including product launches, partnerships, and Saudi workforce training...

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Government | Wednesday 13 August, 2025 10:00 am

NWC announces 6 days left to register illegal connections

The National Water Company (NWC) has urged customers with unregistered or illegal water or sewerage connections to quickly rectify their status and register before August 18, 2025. The company emphasized that this initiative provides a window to avoid fines and penalties for illegal...

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Business & Money | Wednesday 13 August, 2025 9:57 am

Saudi Esports Teams Shine on Global Stage Across Multiple Titles in July at Esports World Cup

Saudi Arabia’s top esports teams continue to make their mark on the global stage at the Esports World Cup 2025, with Team Falcons and Twisted Minds delivering standout victories in front of sold-out crowds at Boulevard Riyadh City. Team Falcons stormed to victory in Overwatch 2, while Twisted...

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Business & Money | Tuesday 12 August, 2025 9:22 am

GO Telecom secures SAR 48.9M project with MNGHA

Etihad Atheeb Telecom Co. (GO Telecom) has been awarded a project by Ministry of National Guard Health Affairs (MNGHA), valued at SAR 48.9 million, inclusive of value-added tax (VAT). In a statement to Tadawul, GO Telecom said the 36-month project duration covers the supply, installation, and...

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Technology & IT | Tuesday 12 August, 2025 8:53 am

HONOR Empowers Saudi Customers with New Contact Center and VIP Support Experience

HONOR has officially launched its new Contact Center in Saudi Arabia, a major milestone in the brand’s efforts to expand its customer service operations in the region. Built to provide localized, responsive, and high-quality support, the new center reinforces HONOR’s commitment to putting...

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Business & Money | Tuesday 12 August, 2025 8:51 am

Equipment House wins SAR 56.3M project from King Khalid University in Abha

Scientific and Medical Equipment House Co. (Equipment House) was awarded, on Aug. 11, 25, the non-medical maintenance, cleaning, and operation project of the medical city at King Khalid University in Abha, at a total value of SAR 56.3 million, including VAT. The project duration is 36 months,...

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