Business & Money | Monday 25 March, 2024 11:21 am

Mulkia REIT signs agreement to acquire new property in Riyadh for SAR 200M

Mulkia Gulf Real Estate REIT Fund signed an acquisition agreement to buy a new real estate property, Malathak Tower 2, in Riyadh's Al-Maathar neighborhood, Mulkia Investment Co., fund manager and operator, said in a statement to Tadawul.   Acquisition details PropertyMalathak...

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Business & Money | Monday 25 March, 2024 11:06 am

Group Five signs SAR 3B contract with SWCC

Group Five Pipe Saudi Co. signed on March 24 a 22-month contract worth SAR 3 billion, including value-added tax (VAT), with Saline Water Conversion Corporation (SWCC) for the Ras Al Khair-Riyadh water transportation system project.   The contract covers the manufacture and supply of...

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Business & Money | Monday 25 March, 2024 11:05 am

Farnek ‘LEEDs’ Burj Khalifa to prestigious international sustainability award

Through its sustainability and consultancy division, leading UAE-based smart and green total FM company Farnek, has enabled the Burj Khalifa to achieve LEED O+M Platinum Certification, the optimum international standard for the operation and maintenance of green buildings. The U.S. Green...

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Business & Money | Monday 25 March, 2024 10:46 am

Branchout Türkiye releases its Türkiye M&A Outlook 2023 Report

Evidence of a contracting global economy was also manifested in merger and acquisition (M&A) activities within Türkiye. A report issued by Branchout indicates that M&A transactions in the country fell to their lowest level in the past decade, with a total value of 3.1 trillion...

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Business & Money | Monday 25 March, 2024 10:41 am

Samana Developers To Pump Dh12.5 Billion in Dubai projects, focusing Waterfront Developments

Dubai-based Samana Developers today announced it will invest Dh12.5 billion ($3.4 billion) investment in new residential projects in Dubai over the rest of the year 2024. In addition, the company will award 18 construction contracts this year. Samana is expanding its portfolio to the waterfront...

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Business & Money | Monday 25 March, 2024 10:38 am

Aramco seeks to be key partner in China's economic development journey: Nasser

Saudi Arabian Oil Co. (Saudi Aramco) seeks to be a key partner in China's economic development journey, said President and CEO Amin Nasser.   China is not just a market for Aramco; hence the company is exploring the new opportunities there, Nasser said in his speech at China...

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Business & Money | Monday 25 March, 2024 10:35 am

PubMatic expands global footprint with the appointment of Sadia Akhter as Director, Advertiser Solutions, MENA

PubMatic (NASDAQ: PUBM), an independent technology company delivering digital advertising’s supply chain of the future, is excited to announce the appointment of Sadia Akhter as Director, Advertiser Solutions, MENA. Akhter takes the helm as the primary commercial leader overseeing the buy-side...

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Business & Money | Sunday 24 March, 2024 3:10 pm

Saudi Ceramics recommends 25% capital hike via bonus issue

Saudi Ceramic Co.’s (Saudi Ceramics) board of directors recommended during its meeting on March 23, a 25% capital increase through distributing bonus shares, capitalizing SAR 200 million from the retained earnings, as shown in the following table:   Capital Hike...

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Business & Money | Sunday 24 March, 2024 2:01 pm

NWC provides opportunities for implementation of +398,000 connections to provide water and sanitation services

The National Water Company (NWC) has invited the national companies specializing in infrastructure implementation to participate in its investment opportunities under Phase II of the Esal “delivery in Arabic” project. NWC stated that it plans to sign a series of agreements to provide water and...

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Business & Money | Sunday 24 March, 2024 11:12 am

Hamdan bin Mohammed approves AED40 billion worth of projects under public-private partnership model

During the first meeting of The Executive Council of Dubai since its reconstitution, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, approved a portfolio of public-private partnership (PPP) projects of the Dubai Government valued ...

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