Business & Money | Wednesday 28 May, 2025 10:28 am

PayTabs Group achieves Fintech dominance with its’ Saudi Built, AI-Powered Payment Orchestration Platform

PayTabs Group, a Future 100 company and MENA’s award-winning payment orchestration powerhouse, today announced the launch of its enhanced Artificial Intelligence (AI) powered payment orchestration platform. Engineered in Saudi Arabia over four months, the platform is set to cross SAR 325 billion...

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Business & Money | Wednesday 28 May, 2025 10:25 am

Largest edition of Automechanika Riyadh underscores the Middle East’s position as a global automotive hub

Automechanika Riyadh 2025, Saudi Arabia’s leading trade show for the automotive aftermarket industry, concluded last month at the Riyadh International Convention and Exhibition Centre (RICEC) with a 35% year-on-year increase in attendance.  The event showcased over 450 exhibitors from...

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Business & Money | Tuesday 27 May, 2025 10:33 am

Mulkia Investment signs acquisition agreement for Tuwaiq Residential Complex on behalf of its real estate fund

Mulkia Investment Company has signed an agreement to acquire the Tuwaiq Residential Complex, located in the Tuwaiq district in western Riyadh, with a land area of 710,877 square meters and built-up areas exceeding million square meters. The acquisition is being made on behalf of the Mulkia Tuwaiq...

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Business & Money | Tuesday 27 May, 2025 9:16 am

Arab Sea wins SAR 14.7M project with SPA

Arab Sea Information Systems Co. was awarded a project worth SAR 14.72 million, including VAT, with the Saudi Press Agency (SPA). In a statement to Tadawul, the company said that the 36-month contract covers the maintenance and operation of computer systems. The contract is expected...

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Business & Money | Monday 26 May, 2025 3:34 pm

Project Qatar 2025 kicks off with the participation of 200 local and international companies

Under the patronage of the Prime Minister and Minister of Foreign Affairs of the State of Qatar, Project Qatar 2025, the country's longest running international trade exhibition, kicked off. Organized by IFP Qatar with the support of the Ministry of Commerce and Industry and in partnership with the ...

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Business & Money | Monday 26 May, 2025 9:36 am

Pan Gulf obtains SAR 70M credit facility from SAB

Pan Gulf Marketing Co. obtained SAR 70 million Shariah-compliant credit facilities from Saudi Awwal Bank (SAB), according to a statement to Tadawul. The one-year financing, which involves no related parties, is secured by a promissory note and a corporate guarantee. Pan Gulf will utilize...

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Business & Money | Sunday 25 May, 2025 9:19 am

Mobily EGM approves buyback of 2.5M shares

Shareholders of Etihad Etisalat Co. (Mobily) gave the go-ahead for repurchasing a maximum of 2.5 million shares, to be allocated for the employee share program, during the extraordinary general meeting (EGM) held on May 22. The repurchase process will be financed from the company’s ...

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Business & Money | Sunday 25 May, 2025 9:04 am

Retal shareholders nod to transfer of SAR 91.2M to retained earnings

Shareholders of Retal Urban Development Co. approved, on May 22, the transfer of SAR 83.01 million statutory reserve as of Dec. 31, 2024, to retained earnings. Retal will also transfer SAR 8.16 million from changes in the ownership of a subsidiary to retained earnings, according to a ...

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Government | Saturday 24 May, 2025 6:54 pm

KSA issues governance rules for reviewing requests referred to Finance Ministry

The official Umm Al-Qura newspaper published on May 23 the governance rules for reviewing the requests and matters referred to the Ministry of Finance, which have been recently approved by the Council of Economic and Development Affairs.   Under the rules, the governance aims to...

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Business & Money | Saturday 24 May, 2025 6:25 pm

KSA is one of the world’s most dynamic and fast-moving digital economies: Checkout.com report

 As emerging technologies shape the next wave of economic transformation in the Middle East and North Africa, the Saudi market is consistently ranked among the most forward-leaning in both technology adoption and appetite, according to Checkout.com’s fifth annual MENA report.  The...

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