Business & Money | Thursday 21 December, 2023 8:49 am

Sports Boulevard sets up REIT worth SAR 1B for Arts District

The Sports Boulevard Foundation signed an agreement with Ajdan Real Estate Development Co. and Albilad Capital to set up a private real estate investment fund worth SAR 1 billion, with the aim of establishing a mixed-use project to develop the Arts District, which is one of the eight areas of...

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Business & Money | Thursday 21 December, 2023 8:47 am

Jabal Omar plans capital hike via SAR 547.5M debt conversion

Jabal Omar Development Co.' s board of directors recommended increasing capital through converting SAR 547.5 million worth of debt into new shares for creditors.   In a Tadawul statement, the company said it aims to improve liquidity and financial health by settling...

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Business & Money | Thursday 21 December, 2023 8:45 am

Cenomi Centers, Cenomi Retail end merger talks

The boards of directors of Arabian Centres Co. (Cenomi Centers) and Fawaz Abdulaziz Alhokair Co. (Cenomi Retail) agreed to end their discussions on a merger, until further notice.   In separate statements to Tadawul, the companies stressed their belief in the strategic benefits...

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Business & Money | Wednesday 20 December, 2023 4:35 pm

New Murabba appointed AtkinsRéalis to masterplan the world’s largest modern downtown in Riyadh

The New Murabba Development Company (NMDC), a fully-owned subsidiary of the Public Investment Fund (PIF), Saudi Arabia, has appointed AtkinsRéalis (TSX: ATRL), a fully integrated professional services and project management company with offices around the world, to support the...

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Business & Money | Wednesday 20 December, 2023 1:01 pm

Azizi Developments partners with Italian brand Fast for Riviera

Azizi Developments, a leading private developer in the UAE, has partnered with renowned Italian brand Fast Spa for the supply of premium outdoor tables for the 35 buildings in the first and second phases of Azizi’s mega-project Riviera, located in the heart of MBR City. Fast Spa, founded in...

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Business & Money | Wednesday 20 December, 2023 12:59 pm

Valuable Capital Group Receives RHQ License From MISA

Value Capital Group Limited (VCGL), a global leading Fintech solution provider, has announced its acquisition of the Regional Headquarters (RHQ) license from the Ministry of Investment of Saudi Arabia (MISA). The license endows VCGL with numerous business benefits for operating within the kingdom,...

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Business & Money | Wednesday 20 December, 2023 10:45 am

Almarai signs multiple agreements to localize jobs through training and recruitment programs

Almarai signed a cooperation memorandum with the Food Industries Polytechnic, the Transport General Authority, and the Saudi Logistics Academy to localize jobs in the food and beverages sector through training and rehabilitation programs ending in employment. This came within the first...

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Business & Money | Wednesday 20 December, 2023 10:42 am

UAE is at the forefront of shaping workplace Health and Safety standards

The United Arab Emirates (UAE) is at the forefront of enhancing occupational and workplace health and safety standards, marking a significant step forward in the region's commitment to fostering safer workplaces and sustainable industries.  Speaking ahead of the...

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Business & Money | Wednesday 20 December, 2023 10:40 am

Riyadh Air Collaborates with Accenture to Build Core Technology Capabilities

Riyadh Air has signed a three-year strategic agreement with Accenture (NYSE: ACN) to help deliver its technology foundation and capabilities as part of its vision to be the world’s first digitally native airline. Accenture will help set up Riyadh Air’s cloud-only infrastructure, cybersecurity...

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Business & Money | Wednesday 20 December, 2023 10:27 am

Salik participates in DFM's Voluntary Carbon Credits Trading Pilot Program

Salik Company P.J.S.C., the Emirate of Dubai’s exclusive toll gate operator, participated in the Dubai Financial Market’s (DFM) pioneering Voluntary Carbon Credit Trading Pilot Program, which was unveiled at the United Nations Framework Convention on Climate Change (COP 28) taking...

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