Business & Money | Thursday 16 October, 2025 9:14 am

SMC signs SAR 1.1B credit facility agreement with SAB

Specialized Medical Co. (SMC) signed a SAR 1.1 billion Shariah-compliant credit facility agreement with Saudi Awwal Bank (SAB) with competitive terms and conditions, according to a Tadawul statement. The company obtained the credit facility on Oct. 15, which includes long-term facilities worth ...

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Business & Money | Thursday 16 October, 2025 9:12 am

Aviagen launches SAR 750M poultry breeding project in Al-Jouf

The Ministry of Environment, Water and Agriculture announced today the launch of a poultry breeding project in the Al-Jouf region, implemented by Aviagen Saudi Arabia, with investments of $200 million (SAR 750 million). The project aims to localize the poultry breeding industry and strengthen...

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Business & Money | Thursday 16 October, 2025 9:09 am

Al Akaria awards 2 projects in Riyadh for SAR 763.8M

Saudi Real Estate Co. (Al Akaria) announced the award of a SAR 338.78 million (excluding VAT) contract for the Narjis Business Park project in Riyadh’s An Narjis to Saudi Real Estate Construction Co. (Tamear). In a statement to Tadawul, the company said the project included a variety of...

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Business & Money | Wednesday 15 October, 2025 12:18 pm

Retal’s unit signs SAR 461.9M contract with ROSHN

Retal Urban Development Co.’s subsidiary, Building Construction Company Ltd, signed on Oct. 14, a contract with PIF-owned ROSHN Group to design and build six residential buildings. In a statement to Tadawul, Retal said contract amounts to 461.9 million (excluding VAT). Retal’s...

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Business & Money | Monday 13 October, 2025 11:43 am

Al-Hogail says real estate financing makes up 27% of Saudi banks’ portfolios

Minister of Municipalities and Housing Majed Al-Hogail said real estate financing currently accounts for 27% of the total loan portfolios of Saudi banks. Speaking at the Qatar Real Estate Forum, Al-Hogail said real estate financing has become a key pillar for the success and...

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Business & Money | Monday 13 October, 2025 11:00 am

Egypt completes 95% of electricity interconnection project with Saudi Arabia: Official

Egypt completed 95% of the electricity interconnection project with Saudi Arabia, ahead of operating the first phase by the end of this year or early 2026, Asharq News reported, citing an Egyptian government official. The official said work included building 862 towers and laying cables and...

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Business & Money | Sunday 12 October, 2025 11:23 am

Under the patronage of MODON, SIG and Yellow Door Energy inaugurate 2-megawatt solar power plant at SIG’s Riyadh factory

Under the patronage of Eng. Majed Rafed Al-Argoubi, CEO of the Saudi Authority for Industrial Cities and Technology Zones (MODON), SIG in partnership with Yellow Door Energy officially inaugurated today a 2-megawatt rooftop solar power plant at its aseptic carton factory in the Second Industrial...

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Business & Money | Saturday 11 October, 2025 8:00 am

Spain’s ALSA wins SAR 2.2B contract for Qiddiya bus operation

Mobico Group Plc announced that its Spanish subsidiary ALSA, as part of a joint venture, won an eight-year contract in Qiddiya, at a total value of €500 million (SAR 2.2 billion). The contract, which will be implemented in partnership with a local company, includes the operation of 156...

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Business & Money | Saturday 11 October, 2025 8:00 am

Cenomi Centers releases prospectus for SAR 4.5B sukuk issue

Arabian Centres Co. (Cenomi Centers) issued today, Oct. 9, the prospectus for the issuance of sukuk worth SAR 4.5 billion. The company said, in a Tadawul statement, that under its sukuk program, it may issue sukuk from time to time, while complying with all applicable laws and...

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Business & Money | Saturday 11 October, 2025 8:00 am

Saudi scientist Omar Yaghi wins 2025 Nobel Prize in Chemistry

The Royal Swedish Academy of Sciences announced today, Oct. 8, that scientists Susumu Kitagawa, Richard Robson, and Saudi researcher Omar Yaghi have been awarded the 2025 Nobel Prize in Chemistry for their pioneering contributions to the development of metal-organic frameworks...

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