Business & Money | Monday 20 October, 2025 10:37 am

Rail transport ‘key’ for national development, economic support: Minister

Minister of Transport and Logistics Services Saleh Al-Jasser stated that rail transport through modern trains is a fundamental pillar of development and a key driver of the national economy. This is because it facilitates trade and mining activities; expands sustainable transport options to...

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Business & Money | Monday 20 October, 2025 9:15 am

Sumou signs SAR 135M infrastructure development deal in Jeddah

Sumou Real Estate Co. signed on Oct. 19 a management, development, and implementation agreement for infrastructure works at a project in Jeddah’s Obhur Al Shamaliyah district, covering a total area of 960,000 square meters. The agreement was signed with Diyar Real Estate Development Fund...

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Business & Money | Sunday 19 October, 2025 2:52 pm

REGA detects 18 violations in rental relationship regs in Riyadh

The Real Estate General Authority (REGA) announced that it has detected a number of violations of rental relationship regulations in Riyadh, as part of its oversight efforts to ensure compliance with regulations and maintain balance in the market. The authority received 268 reports, with...

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Business & Money | Sunday 19 October, 2025 12:58 pm

BSF plans to redeem SAR 5B sukuk

Banque Saudi Fransi (BSF) announced plans to redeem its additional Tier 1 capital sukuk worth SAR 5 billion, on Nov. 3, 2025, in full, at face value. In a statement to Tadawul, the bank said that the sukuk were issued on Nov. 3, 2020, in the aggregate face amount of SAR 5 billion, qualifying...

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Business & Money | Sunday 19 October, 2025 12:49 pm

ACWA Power, SEC reach financial close for SAR 10.8B Qurayyah IPP

Saudi Electricity Co. (SEC) and ACWA Power Co. said that Hajar Two Electricity Co., the Project Company, achieved financial close on the 3,010-megawatt (MW) Qurayyah Combined-Cycle Gas Turbine (CCGT) Independent Power Plant (IPP) expansion project in the Eastern Province of Saudi Arabia. In...

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Business & Money | Thursday 16 October, 2025 9:14 am

SMC signs SAR 1.1B credit facility agreement with SAB

Specialized Medical Co. (SMC) signed a SAR 1.1 billion Shariah-compliant credit facility agreement with Saudi Awwal Bank (SAB) with competitive terms and conditions, according to a Tadawul statement. The company obtained the credit facility on Oct. 15, which includes long-term facilities worth ...

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Business & Money | Thursday 16 October, 2025 9:12 am

Aviagen launches SAR 750M poultry breeding project in Al-Jouf

The Ministry of Environment, Water and Agriculture announced today the launch of a poultry breeding project in the Al-Jouf region, implemented by Aviagen Saudi Arabia, with investments of $200 million (SAR 750 million). The project aims to localize the poultry breeding industry and strengthen...

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Business & Money | Thursday 16 October, 2025 9:09 am

Al Akaria awards 2 projects in Riyadh for SAR 763.8M

Saudi Real Estate Co. (Al Akaria) announced the award of a SAR 338.78 million (excluding VAT) contract for the Narjis Business Park project in Riyadh’s An Narjis to Saudi Real Estate Construction Co. (Tamear). In a statement to Tadawul, the company said the project included a variety of...

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Business & Money | Wednesday 15 October, 2025 12:18 pm

Retal’s unit signs SAR 461.9M contract with ROSHN

Retal Urban Development Co.’s subsidiary, Building Construction Company Ltd, signed on Oct. 14, a contract with PIF-owned ROSHN Group to design and build six residential buildings. In a statement to Tadawul, Retal said contract amounts to 461.9 million (excluding VAT). Retal’s...

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Business & Money | Monday 13 October, 2025 11:43 am

Al-Hogail says real estate financing makes up 27% of Saudi banks’ portfolios

Minister of Municipalities and Housing Majed Al-Hogail said real estate financing currently accounts for 27% of the total loan portfolios of Saudi banks. Speaking at the Qatar Real Estate Forum, Al-Hogail said real estate financing has become a key pillar for the success and...

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