Business & Money | Thursday 6 February, 2025 9:52 am

alrajhi bank and Salla Platform Company Forge Strategic Partnership to Enhance E-Commerce Experience

alrajhi bank has officially signed a strategic partnership agreement with Salla Platform Company, enabling Salla merchants to integrate the “mokafaa” loyalty program. This collaboration will allow consumers to earn and redeem loyalty points across more than 60,000 online stores on Salla,...

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Business & Money | Thursday 6 February, 2025 9:45 am

MIS bags SAR 227.8M project from SDAIA

Al Moammar Information Systems Co. (MIS) was awarded by the Saudi Data & AI Authority (SDAIA) the Naqaa Data Center expansion project, according to a statement to Tadawul. The total value of the project is SAR 227.8 million including VAT. The project entails expanding the Naqaa...

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Business & Money | Thursday 6 February, 2025 9:41 am

RAKEZ kicks off Growth Series 2025 with AI event for small businesses

Ras Al Khaimah Economic Zone (RAKEZ) successfully launched the first event of its Growth Series 2025, “AI on a Budget: Affordable Tools and Smart Automation for Small Businesses,” attracting a diverse group of entrepreneurs eager to harness the power of Artificial Intelligence (AI) without...

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Business & Money | Thursday 6 February, 2025 9:09 am

Alinma Bank Unveils Its New Identity, Redefining the Banking Experience

Alinma Bank has launched its new identity, marking a significant phase of innovation, development, and leadership in customer service. This milestone reflects the success of the bank’s 2025 strategy, strengthening its position in the Kingdom’s financial sector, contributing to community...

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Business & Money | Wednesday 5 February, 2025 10:21 am

Foreign airlines to fly domestic routes in Saudi from May 1: GACA

Foreign operators of private on-demand flights will be allowed to transport passengers within the Kingdom starting May 1, the General Authority of Civil Aviation (GACA) said today, Feb. 4, on its X account. The authority is working to open new opportunities for the global aviation industry...

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Business & Money | Wednesday 5 February, 2025 10:18 am

Mobily announces landing of Africa-1 submarine cable in Saudi Arabia

Etihad Etisalat (Mobily) announced today, the successful landing of the Africa-1 submarine cable in Duba, Saudi Arabia. In a company statement received by Argaam, Mobily said the advanced submarine cable, distinguished by its high capacity of 96 terabits per second and exceptional speed...

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Business & Money | Wednesday 5 February, 2025 10:13 am

Saudi Parts Center signs SAR 2.3M contract with Almarai

Saudi Parts Center Co. (SPC) announced a contract with Almarai Co. to allocate and reserve truck spare parts. The total contract value is SAR 2.57 million, covering the period from Feb. 1, 2025, to Jan. 31, 2026. According to a Tadawul statement, the contract involves inventory management for...

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Business & Money | Wednesday 5 February, 2025 10:10 am

Al Ashghal Al Moysra pens SAR 17.7M contract with National Risk Council

Al Ashghal Al Moysra Co. signed a SAR 17.7 million contract with the General Secretariat of the National Risk Council to provide maintenance, operation and cleaning services for the headquarters of the General Secretariat and its affiliated centers. In a statement to Tadawul, the company said...

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Business & Money | Wednesday 5 February, 2025 10:07 am

Balady announces strategic plan with SAR 1.1B investments

Balady Poultry Trading Co. announced its strategic expansion plan for 2025-2029, which includes investments worth SAR 1.14 billion in the poultry segment, according to a Tadawul statement. The plan aims to establish a slaughterhouse and a factory for the production of poultry meat, with a...

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Business & Money | Wednesday 5 February, 2025 10:01 am

SEDCO Capital, Sumou Investment sign agreement to set up 5 real estate funds worth over SAR 8B

SEDCO Capital, a leading global asset management and Shariah-compliant investment solutions provider, announced signing an agreement with Sumou Investment to establish five private real estate investment funds, with a total value exceeding SAR 8 billion.According to a company statement, the funds'...

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