Business & Money | Thursday 27 June, 2024 9:56 am

Al Hilal Bank Launches Instant Digital Shariah-compliant Subscription Service for Initial Public Offerings

Al Hilal Bank, a subsidiary of the ADCB Group and a progressive Islamic digital bank, has signed an agreement with the Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, to offer instant subscriptions to all Shariah-compliant Initial Public Offerings (IPOs) on...

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Business & Money | Thursday 27 June, 2024 7:55 am

First Mills inks SAR 150M financing deal with SIDF

First Mills Co. signed on June 25 a SAR 150 million financing facility agreement with the Saudi Industrial Development Fund (SIDF) to refinance working capital, boost business operations and enhance expansions and growth, according to a statement to Tadawul.The facility will extend for 24 ...

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Business & Money | Wednesday 26 June, 2024 2:34 pm

Emirates NBD and Jarir Bookstore Sign Memorandum of Cooperation to enhance customer experience for clients.

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, have announced the signing of a cooperation agreement with Jarir Bookstore, aimed at enhancing the customer experience by offering exclusive services and benefits to their clients. This...

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Business & Money | Wednesday 26 June, 2024 10:04 am

TVM Capital Healthcare Announces USD 35 Million Investment into Boston Oncology Arabia

 TVM Capital Healthcare, an international healthcare expansion and growth capital firm, today announced a USD 35 million investment in Boston Oncology Arabia, a bio-generic drugs manufacturing company based in the Kingdom of Saudi Arabia. From its headquarters in Riyadh and production facility ...

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Business & Money | Wednesday 26 June, 2024 9:52 am

SEDD, Huawei exchange technological solutions

Hamad Ali Abdalla Al Mahmoud, Chairman of Sharjah Economic Development Department (SEDD), received a delegation from Huawei Technologies Co. headed by Wharton Huang, Head of Government and International Cloud. The meeting aimed to enhance collaboration in modern technology following the visit...

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Business & Money | Wednesday 26 June, 2024 9:17 am

CMCER, Johns Hopkins Aramco Healthcare sign SAR 16.5M contract

7Canadian Medical Center Co. (CMCER) signed a contract with Johns Hopkins Aramco Healthcare (JHAH) to operate nine medical clinics, worth SAR 16.5 million. The company said in a statement on Tadawul that the 24-month contract was awarded and signed on June 20. The contract is...

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Business & Money | Wednesday 26 June, 2024 9:14 am

Musharaka Capital liquidates Majediah Real Estate Fund I, achieving returns of 56%

In a new exceptional milestone, Musharaka Capital announced the termination and liquidation of the Majediah Real Estate Fund I, which includes two projects: Majediah 122, located in King Salman district, neighborhood, and Majediah 134 located in the Al-Izdihar district, Riyadh, With [GA1] a...

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Business & Money | Wednesday 26 June, 2024 9:12 am

Saudi Arabia is halfway through achieving Vision 2030: Minister

Minister of Economy and Planning Faisal Al-Ibrahim said Saudi Arabia managed to achieve the fastest economic growth rate of 8.7% in 2022, with non-oil activity growing by 5.6% and is still going strong for constituting 51% of the Kingdom’s real GDP, the Saudi Press Agency reported. "The...

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Business & Money | Wednesday 26 June, 2024 9:07 am

EY MENA to locate its new regional headquarters in KAFD

The new EY MENA regional headquarters for the Middle East and North Africa (MENA) region will be located at the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia (KSA), opening later this year. In line with EY’s people-centered approach to transformation, the new facility is...

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Business & Money | Wednesday 26 June, 2024 9:01 am

Azizi Developments, Kludi GmbH & Co. extend multiple projects partnership

 Azizi Developments, a leading private developer in the UAE, has renewed its partnership with Kludi GmbH & Co. The German firm will now supply various projects in MBR City, Dubai Studio City, and Dubai Sports City with brassware and accessories for its apartments and bathrooms. Kludi...

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