16 Jumada I 1445 - 30 November 2023
    
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Eye of Riyadh

Lumi bags SAR 41.8M vehicle rental services contract from RCU
Business & Money | Thursday 30 November, 2023 8:49 am
Lumi Rental Co. received a purchase order (PO) from the Royal Commission for AlUla (RCU) to provide vehicle rental services based on a previously concluded contract (framework agreement) between the two parties.  The contract was signed on Nov. 29 at a value of SAR...
Saudia and HP KSA Sign an Agreement to Extend Exclusive Offers to its Employees
Tourism & Hospitality | Thursday 30 November, 2023 8:44 am
Saudia, the national flag carrier of Saudi Arabia, has signed a memorandum of understanding with HP KSA, establishing a framework for collaborative efforts between the two entities. This agreement facilitates the promotion of HP KSA's offerings to benefit Saudia’s employees and their families. It ...
Housing Ministry unveils initiative to involve private sector in developing municipal policies
Government | Thursday 30 November, 2023 8:32 am
The Ministry of Municipal and Rural Affairs and Housing launched the project of requirements development committees, as an initiative to involve the private sector in the stages of developing municipal policies and legislation.  The project aims to facilitate doing business, promote...
Housing Ministry unveils initiative to involve private sector in developing municipal policies
Government | Thursday 30 November, 2023 8:32 am
The Ministry of Municipal and Rural Affairs and Housing launched the project of requirements development committees, as an initiative to involve the private sector in the stages of developing municipal policies and legislation.  The project aims to facilitate doing business, promote...
Housing Ministry unveils initiative to involve private sector in developing municipal policies
Government | Thursday 30 November, 2023 8:32 am
The Ministry of Municipal and Rural Affairs and Housing launched the project of requirements development committees, as an initiative to involve the private sector in the stages of developing municipal policies and legislation.  The project aims to facilitate doing business, promote...
Jazan Investment Forum sees signing of agreements worth SAR 32B
Business & Money | Thursday 30 November, 2023 8:31 am
The Jazan Investment Forum, which kicked off today, witnessed the signing of a number of agreements and memorandums of understanding (MoUs) between several local and foreign entities, valued at about SAR 32 billion and will create more than 7,000 job opportunities.   This included...
Saudi Cable signs tripartite agreement to transfer SAR 232.7M debt to Tathmeer
Business & Money | Wednesday 29 November, 2023 11:19 am
Saudi Cable Co. (SCC) signed a tripartite agreement with Al Rajhi Banking Investment Co. and Tathmeer Investment Co., under which Al Rajhi Banking transferred to Tathmeer its rightful claim on a due debt from Saudi Cable worth SAR 232.74 million.   The recent action was taken in...
Retal inks SAR 374.8M deal with Roshn to purchase, develop land
Business & Money | Wednesday 29 November, 2023 11:14 am
Retal Urban Development Co. signed on Nov. 28 an agreement with Roshn Real Estate Co., a subsidiary of the Public Investment Fund (PIF), to purchase and develop residential land for housing units in Sedra residential neighborhood in Riyadh.   In a statement on Tadawul, the...
Kingdom Holding buys Prince Alwaleed’s shares in Citigroup for SAR 1.7B
Business & Money | Wednesday 29 November, 2023 9:34 am
Kingdom Holding Co. (KHC) acquired the shares owned by Chairman Prince Alwaleed bin Talal in Citigroup for SAR 1.69 billion ($449.57 million).    Accordingly, KHC raised its stake in Citigroup to 2.2% from 1.63%, the company said in a statement to Tadawul, adding that the deal...
PIF raises $5B from syndicated loan
Business & Money | Tuesday 28 November, 2023 12:50 pm
The Public Investment Fund (PIF) and Korea Trade Insurance Corporation (K-SURE) signed today, Nov. 28, a financing agreement through which PIF has secured a term loan, from a syndicate of nine top international lenders, covered by K-SURE.   The financing carries a door-to-door tenor...
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