Business & Money | Sunday 22 June, 2025 7:35 am

China’s Foton mulls commercial vehicle plant in Saudi Arabia

The Ministry of Investment signed a four-party memorandum of understanding (MoU) with the Industrial Center, China’s Foton Motor, and Petromin to explore the establishment of an integrated commercial vehicle manufacturing plant in Saudi Arabia.In a post on its official account on X, the ...

More Details

Business & Money | Thursday 19 June, 2025 8:36 am

ADF OKs SAR 2.7B in loans

Saudi Arabia’s Agricultural Development Fund (ADF) approved over SAR 2.7 billion ($720 million) in financing and credit facilities across the Kingdom, the board announced following its second meeting for 2025, the Saudi Press Agency (SPA) reported. Approvals included a mix of development...

More Details

Business & Money | Thursday 19 June, 2025 8:26 am

Saudia Named “Best Airline Staff Service” at the 2025 Skytrax Awards

Saudia, the national flag carrier of Saudi Arabia, has been named “Best Airline Staff Service” at the prestigious 2025 Skytrax World Airline Awards, held today at the 55th edition of the Paris Air Show 2025. The airline also climbed three spots in the global Skytrax rankings, securing 17th...

More Details

Business & Money | Wednesday 18 June, 2025 8:36 am

Saudi Arabia ranks 17th in World Competitiveness 2025

Saudi Arabia moved down one notch to the 17th place in the IMD World Competitiveness Ranking 2025, issued by the World Competitiveness Center of the International Institute for Management Development (IMD).The report showed that the Kingdom ranked fourth among the G20 countries.The Kingdom recorded ...

More Details

Business & Money | Wednesday 18 June, 2025 8:34 am

BIE gives final nod to Expo 2030 Riyadh registration dossier

Expo 2030 Riyadh’s registration dossier has received final approval during the Bureau International Des Expositions (BIE) general assembly in Paris, marking the final step in confirming Saudi Arabia as the official host country for the upcoming Expo. BIE also handed over the World Expo flag...

More Details

Business & Money | Wednesday 18 June, 2025 8:00 am

SHL Finance signs SAR 100M credit deal with Quara Finance

SHL Finance Co. signed a Sharia-compliant credit facility and financing guarantees agreement with Quara Finance Co., under which it will provide up to SAR 100 million in financing to support Quara’s customer lending activities. In a statement to Tadawul, SHL said the financing...

More Details

Business & Money | Tuesday 17 June, 2025 8:00 am

Saudi Electricity seeks SAR 3.75B loan: Report

Saudi Electricity Co. is seeking a SAR 3.75 billion ($1 billion) loan to finance new projects, including the expansion of a power plant, Bloomberg reported citing sources. The credit facility, which will carry a five-year tenor, will see the participation of Sumitomo Mitsui Banking Corp....

More Details

Business & Money | Tuesday 17 June, 2025 8:00 am

CHUBB Arabia gets IA’s nod on capital hike via bonus issue

CHUBB Arabia Cooperative Insurance Co. (CHUBB) received approval from the Insurance Authority (IA) today, June 15, to increase its capital from SAR 300 million to SAR 400 million through a bonus share distribution, according to a statement to Tadawul. On May 21, the board recommended a 33.33%...

More Details

Business & Money | Tuesday 17 June, 2025 8:00 am

ASAS Makeen, NHC sign SAR 240M development agreement

ASAS Makeen Real Estate Development Co. signed an agreement with the National Housing Co. (NHC) to develop parts of the Al-Mashriqia project in eastern Riyadh.According to the company’s statement on Tadawul, the 42-month contract is valued at SAR 240 million. The agreement seeks to develop...

More Details

Business & Money | Monday 16 June, 2025 8:33 am

Almarai signs SAR 1.04B acquisition deal for Ival, Oska owner

Almarai Co. signed an agreement to acquire 100% of the shares of Pure Beverages Industry Co., the owner of Ival and Oska, in a deal valued at SAR 1.04 billion. In a statement to Tadawul, Almarai said Pure Beverages is a leading producer of premium bottled drinking water in Saudi Arabia and the ...

More Details