Business & Money | Monday 30 June, 2025 11:47 am

CATRION signs SAR 33M catering deal with Saudi Aramco

CATRION Catering Holding Co. (CATRION) ) signed a SAR 33 million contract with Saudi Arabian Oil Co. (Saudi Aramco) on June 29, the company said in a statement to Tadawul. Under the three-year agreement, CATRION will provide in-flight catering services for VIPs and passengers flying with...

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Business & Money | Sunday 29 June, 2025 1:20 pm

Misk Art Institute Announces Names of Two Artists Joining its Italy Residency Program

Misk Art Institute, a subsidiary of the Mohammed bin Salman Foundation “Misk,” continues its residency program in Milan, Italy, in collaboration with Casa degli Artisti. The program, running from May 5 to July 4, 2025, reflects Misk Art Institute’s commitment to supporting Saudi artists in...

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Business & Money | Sunday 29 June, 2025 12:52 pm

AICTEC inks MoU to acquire stake in Signmax for SAR 3M

Advance International Company for Communication and Information Technology (AICTEC) signed, on June 26, a memorandum of understanding (MoU) outlining its intention to acquire a 25% stake in Signmax Advertising Co. for SAR 3 million. In a statement to Tadawul, the company said that...

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Business & Money | Wednesday 25 June, 2025 9:11 am

Axelerated Solutions inks SAR 32.24M contracts for cybersecurity system update

Axelerated Solutions for Information and Communication Technology Co. signed on June 24, two contract worth SAR 32.24 million (incl. 15% VAT) with Najm for Insurance Services Co. to update cybersecurity systems, renew operating technical support services, and increase server capacity, according to...

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Business & Money | Wednesday 25 June, 2025 9:06 am

Sport Clubs aims to double number of branches, eyes franchising: CEO

Sport Clubs Company, which owns the Body Masters brand, holds now the second-largest market share in terms of revenue, operating a network of 56 branches across 17 cities in the Kingdom. It also serves over 125,000 active members, CEO Wael El Merhabi told Argaam in an interview. Sport Clubs...

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Business & Money | Tuesday 24 June, 2025 2:06 pm

Dar Al Arkan set to issue USD-denominated sukuk

Dar Al Arkan Real Estate Development Co. is set to issue US-denominated, Shariah-compliant, fixed-rate, senior unsecured sukuk under Regulation S, according to a statement to Tadawul. The real estate developer mandated Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), Alkhair...

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Business & Money | Tuesday 24 June, 2025 1:57 pm

Jadwa Acquires Majority Stake in Leading Retailer Makhazen Alenaya Through its GCC Diversified Private Equity Fund

Jadwa Investment, a leading investment management and advisory firm in the Middle East, today announced the acquisition of a majority stake in Makhazen Alenaya through its flagship blind-pool vehicle, Jadwa GCC Diversified Private Equity Fund. Founded in 2019, Makhazen is a fast-growing Saudi...

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Business & Money | Monday 23 June, 2025 9:33 am

Saudia Launches Flights to Larnaca and Venice

Saudia, the national flag carrier of Saudi Arabia, has officially launched flights to two new destinations; Larnaca in Cyprus and Venice in Italy, further reinforcing its commitment to expanding its global footprint and enhancing access to key international destinations. The inaugural flight...

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Business & Money | Monday 23 June, 2025 9:15 am

Yanbu Cement, Southern Cement extend MoU on potential merger

Yanbu Cement Co. and Southern Province Cement Co. have agreed to extend the non-binding memorandum of understanding (MoU) for an additional three months as of June 23, 2025, in order to consider a potential share swap and to carry out the due diligence process. This will include the...

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Business & Money | Monday 23 June, 2025 9:07 am

Jadwa Acquires Majority Stake in Makhazen Alenaya Through GCC Diversified Private Equity Fund

Jadwa Investment announced the acquisition of a majority stake in Makhazen Alenaya through its flagship blind-pool vehicle, Jadwa GCC Diversified Private Equity Fund. In an emailed statement to Argaam, Jadwa Investment said that Makhazen was founded in 2019. It is a fast-growing Saudi retail...

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