Government | Saturday 7 June, 2025 10:49 am

Crown Prince praises Kingdom's efforts in serving pilgrims

Saudi Arabia's Crown Prince Mohammed bin Salman lauded the success of this year’s Hajj season, crediting it to the Kingdom’s commitment to serving the Two Holy Mosques and the pilgrims who visit them.    “The continued success we witnessed today in serving the Guests of...

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Business & Money | Friday 6 June, 2025 1:37 am

Port of NEOM welcomes first automated cranes

Port of NEOM, the integrated logistics hub in Oxagon, received the first batch of fully automated, remote-controlled ship-to-shore (STS) and electric rubber-tyred gantry (eRTG) cranes. The equipment is first-of-its-kind to deploy in Saudi Arabia and will significantly accelerate handling...

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Business & Money | Friday 6 June, 2025 1:33 am

Asian firms in talks to list shares on Tadawul: Al-Rumaih

Several Asian companies are currently in talks to list their shares on the Saudi Exchange (Tadawul), CEO Mohammed Al-Rumaih told Reuters. These companies are evaluating opportunities to tap into the Kingdom’s diverse investor base, as Saudi Arabia is considering a new listing framework aimed ...

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Government | Friday 6 June, 2025 1:28 am

1.67M pilgrims perform Hajj in 2025: GASTAT

Saudi Arabia welcomed 1.67 million pilgrims in Hajj season 2025, of whom 1.51 million came from outside the Kingdom. Domestic pilgrims, both citizens and residents, numbered 166,650.  The number of male pilgrims this year reached 877,840, while females hit 795,390.   Number ...

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Government | Friday 6 June, 2025 12:08 am

King Salman extends income tax on downstream operations until 2030-end

Saudi Arabia’s King Salman bin Abdulaziz issued a royal decree amending the first two clauses of royal decree No. M/13, as reported in the Official Gazette.   Application of the tax rate stipulated in Article 7/B of the Income Tax Law on companies involved in downstream operations, ...

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Business & Money | Wednesday 4 June, 2025 12:25 pm

SNB completes SAR 1.73B sukuk issue

Saudi National Bank (SNB) announced completing the issuance of SAR-denominated additional Tier 1 sukuk worth SAR 1.73 billion. The sukuk issue was settled on June 3, the lender said in a statement to Tadawul. Sukuk Issue DetailsOffer TypeSAR-denominated additional Tier 1 sukukOffer...

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Business & Money | Wednesday 4 June, 2025 12:22 pm

ACWA Power announces preliminary prospectus for SAR 7.1Brights issue

ACWA Power announced today, June 4, the publication of its preliminary prospectus for a capital increase through a rights issue valued at SAR 7.125 billion. The company stated that the number of new shares, the offer price, and the total capital increase will be determined after market close...

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Business & Money | Wednesday 4 June, 2025 12:20 pm

Azure Unveils Lamara: Riyadh’s New Luxury Living Landmark

 Azure, a Mohammed Al Habib company, officially launches its landmark Lamara project in Riyadh today, setting the stage for an ambitious new chapter in premium community development. Held in strategic collaboration between Mohammed Al Habib Real Estate, and SAB Invest, the occasion brings...

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Business & Money | Wednesday 4 June, 2025 11:19 am

Strategic Partnerships at SLS Expo 2025 Propel Saudi Arabia’s Vision 2030

Strategic Partnerships at SLS Expo 2025 Propel Saudi Arabia’s Vision 2030 Entertainment and Infrastructure GoalsSubhead line: MOUs in progress, 127 global exhibitors, and a high-impact speaker programme advance Saudi Arabia’s Vision 2030 through technology, skills, and smart...

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Business & Money | Tuesday 3 June, 2025 11:15 am

Saudi Aramco completes issuance of $5B international bonds

Saudi Arabian Oil Co. (Saudi Aramco) completed the issuance of $5 billion international bonds under its Global Medium-Term Note (GMTN) Programme, according to a statement to Tadawul. The US dollar-denominated bonds represent direct, general, unconditional, and unsecured obligations of...

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