Business & Money | Thursday 20 March, 2025 10:39 am

Alkhorayef Water wins SAR 62M contract from NWC

Alkhorayef Water and Power Technologies Co. (AWPT) was awarded on March 19 a SAR 61.84 million VAT-exclusive contract for leak detection and repair in Jazan. Under the contract, the utility will carry out leak detection and repair work in the Jazan region for a period of 30 months, according...

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Technology & IT | Wednesday 19 March, 2025 12:50 pm

HONOR Celebrates the Blessed Month with PUBG Mobile Giveaway—In-Game Rewards, Benefits & Grand Prizes!

HONOR and PUBG Mobile are joining forces to elevate the gaming experience and offer more benefits to users. From March 16 to March 31, 2025, customers who purchase select HONOR devices will unlock exclusive in-game rewards and gain entry into a thrilling grand prize draw. As a brand dedicated to...

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Business & Money | Wednesday 19 March, 2025 10:30 am

Jana appoints Afaq Capital for subsidiaries listing on Nomu

Jana Medical Co. signed an agreement with Afaq Capital to serve as financial advisor for the planned listing of its fully owned subsidiaries, Excellent Medical Care Co. and Excellent Medical Care Co., on Nomu-Parallel Market. In a statement on Tadawul, Jana said the listing process will unfold ...

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Business & Money | Wednesday 19 March, 2025 10:29 am

AlBalad AlAmeen, Sumou Holding ink 2 MoUs

AlBalad AlAmeen for Development and Urban Regeneration Co., the investment arm of the Municipality of Makkah, signed a memorandum of understanding (MoU) with Sumou Holding Co. to launch a SAR 4 billion investment fund. The fund will finance the superstructure development of the Sumou Suburb...

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Business & Money | Wednesday 19 March, 2025 10:23 am

NDMC closes March issuance of Sukuk program at SAR 2.6B

The National Debt Management Center (NDMC) closed receiving investor orders for its domestic issuance for March 2025, under the Saudi Arabian Government SAR-denominated Sukuk Program. The total volume allocated was SAR 2.64 billion, NDMC said in a statement today, March 18. The sukuk...

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Business & Money | Wednesday 19 March, 2025 10:16 am

GAC seeks public input on draft to enhance competition in food delivery platforms sector

The General Authority for Competition (GAC) invited public input on the draft guideline to enhance competition in the food delivery platforms sector through the Istitlaa platform, with voting set to close on April 12. The project aims to regulate the activities of food delivery platforms in...

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Business & Money | Wednesday 19 March, 2025 10:14 am

Lucid aims to export 92% of Saudi plant's output: Middle East VP

Faisal Sultan, Vice President, Managing Director of Lucid Middle East, said the company aims to export approximately 92% of its Saudi plant's electric vehicle (EV) production, with 13% earmarked for GCC markets. The construction of the factory — currently underway in King Abdullah Economic...

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Business & Money | Wednesday 19 March, 2025 10:11 am

Emaar EC signs binding amendment, restructuring agreement with PIF

Emaar The Economic City’s (Emaar EC) signed on March 18 a binding amendment and restructuring agreement for the existing shareholder loan agreement with the Public Investment Fund  (PIF), in order to provide a loan of up to SAR 1 billion. According to a statement to Tadawul, Emaar...

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Business & Money | Wednesday 19 March, 2025 10:07 am

20% rise in licencing service providers’ compliance with regulations, legislation: RTA

Dubai’s Roads and Transport Authority (RTA) reported that inspection and audit operations of licencing activities throughout 2024 led to a significant 20 percent increase in compliance among service providers with laws, regulations, and legislation compared to 2023. Additionally, the...

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Business & Money | Wednesday 19 March, 2025 10:04 am

ADNOC Drilling approves $788 million 2024 dividend, accelerates AI-enabled expansion

ADNOC Drilling Company PJSC confirmed shareholders’ approval of all agenda items at its Annual General Meeting, including the distribution of its final cash dividend payment for the year ended 31st December 2024. ADNOC Drilling’s full-year revenue increased significantly to a record $4.034 ...

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