Business & Money | Monday 1 December, 2025 8:37 am

PIF in advanced talks to invest in Leonardo’s aircraft structures unit: Report

The Public Investment Fund (PIF) is in advanced discussions to invest in the aircraft structures unit of Italy’s Leonardo, Bloomberg reported, citing sources. Under the potential agreement, the two sides would establish a global aircraft structures business. According to the sources,...

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Business & Money | Monday 1 December, 2025 8:35 am

Industry Ministry signs SAR 2B projects benefiting from standard incentives: Al-Khorayef

Minister of Industry and Mineral Resources Bander Al-Khorayef stated that the ministry signed today, Nov. 30, the first batch of projects benefiting from the standard incentive program for the industrial sector. The first batch includes nine projects with total investments of nearly SAR 2...

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Business & Money | Friday 28 November, 2025 1:25 pm

National Building subsidiary renews SAR 127M credit facility with Al Rajhi Bank

National Building and Marketing Co.’s (NBM) subsidiary, Ajeej Steel Manufacturing Co., renewed today, Nov. 27, a Shariah-compliant banking facilities agreement worth SAR 127 million with Al Rajhi Bank, according to a statement on Tadawul. The financing is secured by guarantees of debt...

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Business & Money | Friday 28 November, 2025 1:20 pm

ACWA Power secures financial close for 2 wind, 5 solar projects in Saudi Arabia

ACWA Power Co. announced the financial close of two major wind power projects, Starah and Shaqra, located in the central region of Saudi Arabia, with production capacities of 2,000 MW and 1,000 MW, respectively, according to a Tadawul statement today. The financing amounts to SAR 5.44 billion...

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Business & Money | Thursday 27 November, 2025 12:00 pm

Almoosa signs SAR 657.5M contract to build Al-Khobar hospital

Almoosa Health Co. signed on Nov. 26 a contract with BEC Arabia to execute the preliminary foundational and structural works for the Almoosa Specialist Hospital project in Al-Khobar, for SAR 657.5 million (excluding VAT). In a statement to Tadawul, the company said the scope of...

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Business & Money | Thursday 27 November, 2025 12:00 pm

ZMH Advisors Partners with Takamol Holding to Promote Data-Driven Policy Design, Sustainability, Corporate Governance, and Stakeholder Engagement in Saudi Arabia

 ZMH Advisors LLC (“ZMH Advisors”), a leading data-driven stakeholder engagement, sustainability, corporate governance, and policy advisory firm, announced today the signing of a Memorandum of Understanding (MOU) with Takamol Holding (“Takamol”) during the U.S.–Saudi Investment Forum ...

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Business & Money | Wednesday 26 November, 2025 8:00 am

KSIA project master plan completed: CEO

King Salman International Airport (KSIA) reached a major milestone with the completion of its project master plan, Acting CEO Marco Mejia said. He explained that 45 km² will be dedicated to aviation-related activities and 12 km² to commercial and logistics zones, highlighting that these...

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Business & Money | Wednesday 26 November, 2025 8:00 am

PIF offers 48M shares of Masar to institutional investors

The Public Investment Fund (PIF) launched an accelerated bookbuild offering (ABO) to offload up to 48 million shares (or 3.3%) of TASI-listed Umm Al Qura for Development and Construction Co. (Masar) to institutional investors. Citigroup Saudi Arabia and SNB Capital are acting as...

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Business & Money | Tuesday 25 November, 2025 8:00 am

Al-Khorayef says innovation, not factory count, defines industrial progress

Industrial progress is not measured solely by the number of factories, but by the sector’s ability to achieve industrial inclusiveness, drive innovation and ensure sustainability, Minister of Industry and Mineral Resources Bandar Al-Khorayef said. During his opening speech at the General...

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Business & Money | Tuesday 25 November, 2025 8:00 am

SWA achieves SAR 3.3B financial savings in 2024

The Saudi Water Authority (SWA) reported in 2024 its highest annual financial savings since launching its initiative to reduce desalinated water production costs. By year-end, savings reached SAR 3.3 billion, bringing the cumulative five-year savings to more than SAR 10.9 billion, the...

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