Riyadh Cement Co. signed today, Jan. 1, a contract with Chengdu Design & Research Institute’s branch for the conversion to natural gas under the Liquid Fuel Displacement Program, on an engineering, procurement, and construction (EPC) contract basis. In a Tadawul statement,...
Saudi Aramco Base Oil Co. (Luberef) said it signed a memorandum of understanding with Saudi Aramcoto explore potential cooperation on developing a base oil production facility at the Jazan Refinery and Petrochemical Complex. Under the MoU, the parties will assess the feasibility of ...
Wafrah for Industry and Development Co. said its new spaghetti and nested nidi pasta production lines will start commercial operations in January 2026. In a statement to Tadawul, the company said the delay in receiving and operating the lines was due to delays in the delivery of...
The Public Investment Fund (PIF) ranked fifth among the world’s largest sovereign wealth funds (SWFs), after its net assets amounted to $1.15 trillion, recent data from the SWF Institute showed. PIF's assets rose by $226 billion from $925 billion by the end of December...
The Saudi embassy in Russia said the mutual visa exemption agreement between the two countries has not yet entered into force. In a post on X, the embassy said the agreement’s implementation remains subject to the completion of required regulatory procedures between both sides under approved ...
Asas Makeen Development and Investment Co. announced receiving three idle land tax invoices totaling SAR 1.65 million today, Jan. 1, pertaining to land plots located within the designated geographic zones of the White Land Fees System. These amounts have been recorded as...
Arabian International Healthcare Holding Co. (Tibbiyah) signed, on Dec. 31, 2025, a conditional share purchase agreement to sell its 51% equity interest in Innovative Healthcare Holdings Ltd. for SAR 52 million, implying an equity value of SAR 101.96 million for 100% of the company. In a...
The updated law regulating property ownership by non-Saudis in the Kingdom comes into force today, Jan. 1, following approval by the Saudi Cabinet in July 2025. The updated law aims to regulate non-Saudis’ ownership of real estate and the acquisition of real property rights within the...
The issuance of white land fee bills for lands subject to the levy in Riyadh began today, Jan. 1. Landowners may apply for an additional development grace period once the fee is assessed on their land. The additional period is granted upon approval by the competent committee in...
The Ministry of Municipal, Rural Affairs and Housing, represented by the White Land and Vacant Property Fees Program, announced today, Jan., the issuance of more than 60,000 white land fee bills in the city of Riyadh.The move aligns with the directives of Crown Prince Mohammed bin Salman aimed at...
