Business & Money | Sunday 27 July, 2025 11:08 am

Salam Signs Agreement with Syria’s Ministry of Communications and Technology to Expand Digital Infrastructure and Foster Regional Integration

As part of the Saudi-Syrian Investment Forum held in Damascus under the patronage of Syrian President Ahmed al-Sharaa, Etihad Salam Telecom Company (“Salam”) signed a Memorandum of Understanding (MoU) with the Ministry of Communications and Technology in the Syrian Arab Republic. The agreement...

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Business & Money | Sunday 27 July, 2025 9:14 am

Miahona unit signs SAR 210M refinancing deal with ANB

Miahona Co. signed a Shariah-compliant refinancing agreement with Arab National Bank (ANB), for SAR 210 million. The deal was signed through Miahona’s wholly owned subsidiary, Industrial Cities Development and Operations Co. (ICDOC). The deal includes two term financing facilities —...

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Business & Money | Sunday 27 July, 2025 9:00 am

NDF inks SAR 5.5B credit facilities with Riyad Bank, SAB

The National Development Fund (NDF) signed two credit facility agreements with Riyad Bank and Saudi Awwal Bank (SAB), at a value of SAR 5.5 billion. The facilities aim to provide more support for development projects in the Kingdom and enable its 12 development funds and banks to achieve their ...

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Business & Money | Thursday 24 July, 2025 11:52 am

Al-Falih inaugurates SAR 375M Al-Jawhara Tower project in Syria

Minister of Investment Khalid Al-Falih laid the foundation stone for Al-Jawhara Tower project in the Syrian capital, Damascus, with a total investment exceeding SAR 375 million. Al-Jawhara Tower is a fully integrated real estate development that combines business, hospitality, and retail...

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Business & Money | Thursday 24 July, 2025 9:03 am

Al Rajhi REIT inks new lease agreement with 55% rise in rental income

Al Rajhi REIT Fund announced the early termination of the lease contract with Alfaris International Schools ahead of the original June 30, 2026 expiry date, the fund manager Al Rajhi Capital stated, adding that a new lease agreement was signed with Al Rowad International Schools Co. The...

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Business & Money | Thursday 24 July, 2025 9:00 am

National Building raises subsidiary’s capital to SAR 300M

National Building and Marketing Co. (NBM) increased the capital of its subsidiary, Ajeej Steel Manufacturing Co. (a closed joint stock company), from SAR 180 million to SAR 300 million. In a statement to Tadawul, NBM said the subsidiary’s share capital will be raised from 180 million to 300...

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Business & Money | Wednesday 23 July, 2025 3:34 pm

Transport Minister launches trial phase of autonomous vehicles

Minister of Transport and Logistics Services and Chairman of the Transport General Authority (TGA) Saleh Al-Jasser launched today the initial pilot phase of autonomous vehicles in Riyadh.The autonomous vehicles will operate in this phase within a real-world environment, covering King Khalid...

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Business & Money | Wednesday 23 July, 2025 3:31 pm

SGH achieves remarkable milestone: Five hospitals granted 5-star rating by Newsweek’s Global Hospital Rating

Saudi German Health (SGH), a leading healthcare group in the Middle East and North Africa (MENA) region, has reinforced its industry leadership with five of its hospitals in Saudi Arabia earning five-star ratings in Newsweek’s Global Hospital Rating. The hospitals in Riyadh, Makkah, Madinah,...

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Business & Money | Wednesday 23 July, 2025 2:35 pm

NWC completes 2 water line and network projects in Al Bayan District, Riyadh at SR 101+ million

The National Water Company (NWC) announced the completion of two water pipeline and network projects in the Al Bayan district in eastern Riyadh at a cost of over 101 million Saudi riyals. The two projects will supply drinking water to more than 64,000 inhabitants of the district and include the...

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Business & Money | Wednesday 23 July, 2025 1:56 pm

Decarbonizing Retail in KSA: Tamimi Markets and Yellow Door Energy Sign Solar Lease

 Tamimi Markets, one of the most prominent and trusted names in Saudi Arabia’s retail sector, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and Africa, have signed a solar lease agreement to provide clean electricity to Tamimi Markets’...

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