Business & Money | Monday 30 June, 2025 12:00 pm

Saudi Arabia: FDI inflows reach $ 5.9 billion in Q1 2025

The Saudi General Authority for Statistics (GASTAT) reported on Sunday that Foreign Direct Investment (FDI) inflows reached SAR 22.2 billion (USD 5.9 billion) in Q1 2025, while overall unemployment rate (including Saudis and non-Saudis) stood at 2.8%. The data indicated a 44% increase in FDI...

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Business & Money | Monday 30 June, 2025 11:49 am

Masar sells 2 land plots in destination project for SAR 410.3M

Umm Al Qura for Development and Construction Co. (Masar) signed two land sale agreements within the Masar Destination project in Makkah for SAR 410.27 million. Masar is the owner, developer, and operator of the Masar Destination project. The first land plot, measuring 2,703 square...

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Business & Money | Sunday 29 June, 2025 1:28 pm

SAR 4.3 Billion Saudi Riyals in Financing by the Social Development Bank in the First Half of 2025

The Social Development Bank held its second-quarter meeting for 2025, chaired by His Excellency the Minister of Human Resources and Social Development and Chairman of the Bank’s Board of Directors, Eng. Ahmed bin Sulaiman Al-Rajhi, in the presence of the board members. The meeting addressed...

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Business & Money | Sunday 29 June, 2025 12:56 pm

Saudi Water Authority to finance SAR 2.4B Jubail, Al Khobar desalination systems

The Saudi Water Authority signed a financing agreement with the Asian Infrastructure Investment Bank (AIIB) and the National Infrastructure Fund (Infra) to support a strategic project aimed at developing the infrastructure of the first phase of the Jubail desalination system and the second phase of ...

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Business & Money | Sunday 29 June, 2025 12:50 pm

solutions signs SAR 157.6M contract with stc to build private cloud

Arabian Internet and Communications Services Co. (solutions) signed a contract with Saudi telecom major stc to build a private cloud as part of the IT infrastructure modernization and cloud partnership project. The contract is valued at SAR 157.6 million, solutions said in a statement to...

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Business & Money | Sunday 29 June, 2025 12:48 pm

Masar signs land sale agreement for SAR 255.8M

Umm Al Qura for Development and Construction Co. (Masar) signed on June 26 a land sale agreement with Home Investment Fund (a real estate investment fund managed by Jadwa Investment), for a total value of SAR 255.76 million, excluding taxes and fees to be borne by the buyer. The company...

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Business & Money | Thursday 26 June, 2025 1:51 pm

Masar OKs Dinar Financial’s acquisition of SAR 235M land plots

Shareholders of Umm Al Qura for Development and Construction Co. (Masar) approved the transactions and contracts concluded in 2024 with Dinar Financial Co., its subsidiaries, or affiliated investment funds, during the extraordinary general meeting (EGM) held on June 25. In a statement to...

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Business & Money | Thursday 26 June, 2025 1:48 pm

Dar Al Arkan completes SAR 2.8B USD-denominated sukuk issuance

Dar Al Arkan Real Estate Development Co. successfully completed its 14th sukuk issuance, marking the company's 10th tranche under its USD-denominated sukuk issuance program worth SAR 2.8 billion ($750 million).The order book for the sukuk was opened and closed on June 25, the company said in a...

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Business & Money | Wednesday 25 June, 2025 9:13 am

Mutakamela Insurance shareholders approve SAR 1.3B contracts with BSF

Mutakamela Insurance Co.’s shareholders, in an ordinary general meeting (OGM) held on June 23, approved business and contracts concluded with Banque Saudi Fransi (BSF) and its subsidiaries during 2024 for a total value of SAR 1.3 billion. In a statement to Tadawul, the company said that the...

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Business & Money | Wednesday 25 June, 2025 9:03 am

Sports Ministry inks contracts to build 2 hotels in King Abdullah Sports City

Saudi Arabia’s Ministry of Sports signed today, June 24, contracts to build two hotels at King Abdullah Sports City in Jeddah with both local and international companies. The project will cover an area of 16,000 square meters and offer a total capacity of 585 hotel rooms. In a post on its...

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