Almunajem Foods Co. completed the purchase of 1.51 million shares (a 23% stake) of Balady Poultry Trading Co. through negotiated deals at SAR 120 per share, valued at SAR 181.33 million. Accordingly, Almunajem’s ownership in Balady Poultry rose to 40%, the company said in a statement to...
Elm Co. renewed a Shariah-compliant credit facility deal worth SAR 500 million with Al Rajhi Bank, according to a statement to Tadawul today, Aug. 22. The 12-month facilities are secured by a promissory note at the full amount of the financing. The funds will be used to finance working...
Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) has embarked on the implementation of the catering project at residential complexes in NEOM as scheduled. The project was awarded by Alpha Facilities Contracting Co., an affiliate of Al Fanar Group. In a statement to...
What is Forex trading? In simple words, forex trading means the buying and selling of currencies in a global market. It is the largest and one of the most dynamic and liquid financial markets in the world, whereby trillions of dollars change hands daily. The fundamental principle of trading on the...
Tatweer Company, in collaboration with Al Rajhi Capital, announced a strategic partnership to launch an investment fund worth more than SAR 2 billion to develop a multi-use project at the intersection of Al-Urubah and Al-Takhassusi Roads in the Al-Rahmaniyah neighborhood of Riyadh. As the...
Anaam International Holding Group announced selling Hyatt Al Fursan Hotel Al Qurayyat in Al-Jouf region to Khaled Mustafa Mohamed Moneim for SAR 19.11 million, according to a statement to Tadawul. The buyer agreed to...
Scientific & Medical Equipment House Co. (Equipment House) signed, on Aug. 21, an exclusive distribution agreement in Saudi Arabia with GenGee, a Chinese company specialized in the sale and marketing of technologies for analyzing the athletic performance of players in sports clubs. In a...
Azizi Developments, a leading private developer in the UAE, has announced that construction at Creek Views III, its AED 350 million luxury development on the shores of the iconic Dubai Creek in Dubai Healthcare City, has kicked off on a high note, recording a 5% construction completion, and...
Leading smart facilities management (FM) solutions company HITEK Services, which is part of the Farnek group of companies, has acquired multiple prestigious contracts in Saudi Arabia, cementing its leadership in the delivery of cutting-edge FM solutions across the kingdom. HITEK Services...
du, from Emirates Integrated Telecommunications Company (EITC), and etisalat by e&, today announced a strategic collaboration with Nakheel, a member of Dubai Holding, to provide fixed telecom services and enhance the ICT infrastructure in new developments. As part of the Taawun...