Business & Money | Tuesday 22 July, 2025 2:26 pm

Abdullah Al Rajhi: marking a 32% growth Alrajhi Bank recorded a net income of 12,057 Million SAR in the first half of 2025

Alrajhi bank has announced its financial results for the first half of 2025, reporting a net income of SAR 12,057 million—an increase of 32% compared to SAR 9,103 million during the same period in 2024. This reflects the bank's strong operational performance and continued growth supported by its...

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Business & Money | Tuesday 22 July, 2025 2:23 pm

Industry Ministry allocates 7 clusters for mining activities

The Ministry of Industry and Mineral Resources allocated sites for the establishment of seven mining clusters in Riyadh, Makkah, Asir, and Al-Baha, which comes as part of its efforts to ramping up the investment environment in the mining sector. In a statement, the ministry said that the seven ...

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Business & Money | Tuesday 22 July, 2025 1:05 pm

RE KEY: Italy 2025 – FIABCI International Trade Mission Lands in Rome

From September 10 to 12, Rome will host RE KEY: Italy 2025, the FIABCI International Trade Mission, organized in cooperation with 15° CTV – Verso un Rinascimento della Città, Sapienza University, and a distinguished network of partners including Porsche Consulting, Zaha Hadid Architects,...

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Business & Money | Monday 21 July, 2025 3:43 pm

GBB Venture’s 17th RED Summit Bridges Saudi Ambitions with European Excellence

The 17th Real Estate Development (RED) Summit – Saudi Arabia | Europe Edition, hosted by GBB Venture, turned the spotlight on Lisbon as it welcomed some of the most influential names from Saudi Arabia’s evolving real estate sector for two days of purpose-driven exchange, global synergy, and...

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Business & Money | Monday 21 July, 2025 11:38 am

solutions renews SAR 1.5B banking facility with SNB

Arabian Internet and Communications Services Co. (solutions) renewed its Shariah-compliant credit facility agreement with Saudi National Bank (SNB), valued at SAR 1.5 billion. In a statement on Tadawul, solutions added that the facility is divided into a short-term credit line worth SAR 1...

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Business & Money | Monday 21 July, 2025 11:34 am

ACWA Power pens deals to export renewable energy, green hydrogen to Europe

ACWA Power Co. and international partners signed today, July 20, several agreements and memorandums of understanding (MoUs) to build an integrated system for exporting renewable energy and green hydrogen from Saudi Arabia to Europe. According to a statement by Saudi Arabia’s Ministry of...

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Business & Money | Monday 21 July, 2025 11:21 am

Quara Finance obtains SAR 100M credit facility from Al Rajhi Bank

Quara Finance Co. entered into a four-year, Shariah-compliant credit facility agreement worth SAR 100 million from Al Rajhi Bank. In a statement to Tadawul, the company said the facility is intended to support the expansion of its financing operations and boost sales volume in...

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Business & Money | Sunday 20 July, 2025 12:27 pm

2P renews, increases SAR 330M credit facilities with Riyad Bank

Perfect Presentation for Commercial Services Co. (2P) renewed and increased a Shariah-compliant credit facility to SAR 330 million with Riyad Bank, the company said in a statement to Tadawul. The financing, available until July 30, 2026, is secured by promissory notes that cover the total...

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Business & Money | Sunday 20 July, 2025 12:24 pm

ACWA Power inks $800M desalination deals with Senegal

ACWA Power Co. signed several agreements with Senegal’s government for the Grande Côte desalination plant. In an emailed statement to Argaam, the Saudi utility said this project is the largest desalination imitative in West Africa with total investment of up to $800 million. The project...

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Business & Money | Sunday 20 July, 2025 12:08 pm

Aramco, BlackRock-led group close to $10B deal for Jafurah project: Report

Saudi Aramco is close to a deal to raise around $10 billion from a group led by BlackRock (BLK.N), established to invest in the infrastructure of Aramco's Jafurah gas project, Reuters reported, citing informed sources. According to the report, the targeted assets in the...

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