Business & Money | Thursday 7 August, 2025 8:34 am

First Avenue, Al Shati Real Estate Fund tie-up for mixed-use project in Jeddah

First Avenue for Real Estate Development Co. signed today, Aug. 6, a contract with Al Shati Real Estate Fund for the development of a mixed-use project spanning 15,619 square meters in Al Shati District, Jeddah. In a statement to Tadawul, the Saudi-listed company said the project will...

More Details

Business & Money | Wednesday 6 August, 2025 1:16 pm

Riyadh Infrastructure Projects Code to take effect from tomorrow

Riyadh Infrastructure Projects Center (RIPC) announced that the Riyadh Infrastructure Projects Code will come into effect starting tomorrow, Aug. 7. The code will serve as a unified regulatory and technical guide for infrastructure projects, and as a reference for government and service...

More Details

Business & Money | Wednesday 6 August, 2025 11:51 am

MAWANI signs SAR 500M deal to establish marine bunkering hub at King Fahad Industrial Port

The Saudi Ports Authority (MAWANI) signed a land lease agreement with the National Petroleum & Petrochemical Tank & Pipelines Company (Petrotank) to build an integrated marine bunkering hub at King Fahad Industrial Port in Yanbu, with a total investment of SAR 500 million. The project...

More Details

Business & Money | Wednesday 6 August, 2025 9:42 am

Saudi Azm wins project from Digital Government Authority

Saudi Azm for Communication and Information Technology Co. awarded a project to activate the omnichannel platforms of the Digital Government Authority. In a statement on Tadawul, Azm said that the project value exceeds 10% of its total revenue for the fiscal year 2024, as it aims to activate...

More Details

Business & Money | Tuesday 5 August, 2025 10:55 am

ADES subsidiary to acquire Shelf Drilling for SAR 1.4B

ADES International Holding Ltd., a subsidiary of ADES Holding Co., signed an agreement to acquire all issued and outstanding shares of Shelf Drilling Ltd. through a cash merger governed by the laws of the Cayman Islands, under which Shelf Drilling will remain a surviving entity. In a statement ...

More Details

Business & Money | Tuesday 5 August, 2025 8:00 am

Avalon Pharma signs EUR 3M contract to market GLP1 products

Middle East Pharmaceutical Industries Co. (Avalon Pharma) signed a contract worth EUR 3 million with Adalvo Limited, a global pharmaceutical company headquartered in Malta, to secure the rights for the registration and marketing their GLP 1 products for weight loss and obesity. In a...

More Details

Business & Money | Tuesday 5 August, 2025 8:00 am

View signs SAR 122M residential tower development contract in Riyadh

View United Real Estate Development Co. signed today, Aug. 5, a SAR 122 million contract to develop a residential tower in Riyadh with Yousef Al-Hazeem. In a statement to Tadawul, the company said the contract spans 30 months, starting from the issuance date of the off-plan sales...

More Details

Business & Money | Monday 4 August, 2025 8:00 am

ACWA Power’s business portfolio to double in 5 years: CEO

The size of ACWA Power Co.’s business portfolio doubled during the last three years, CEO Marco Arcelli stated. He expects it to double again over the coming five years, as the company proceeds with achieving its mission on a larger scale and with a larger impact. “What we have achieved so...

More Details

Business & Money | Monday 4 August, 2025 8:00 am

SRC Signs a Real Estate Finance Portfolio Purchase Agreement with Bank Albilad

The Saudi Real Estate Refinance Company (SRC), a PIF company, has signed a real estate finance portfolio purchase agreement with Bank Albilad. The signing took place in the presence of His Excellency Majid bin Abdullah Al-Hogail, the Minister of Municipalities and Housing and Chairman of SRC,...

More Details

Business & Money | Monday 4 August, 2025 8:00 am

Emaar The Economic City & Al Tahaluf Sign Deal to Deliver New Residential Projects in KAEC’s Al Murooj

 Emaar, The Economic City (EEC), the master developer of King Abdullah Economic City (KAEC), has signed an agreement with Al Tahaluf, a Saudi-American joint venture comprised of a K. Hovnanian subsidiary and the Hamad bin Saedan Real Estate Company, to develop two premium residential...

More Details