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

SAIB sells 44.4%-owned Riyadh land, records SAR 801.1M net proceeds

The Saudi Investment Bank (SAIB) finalized the sale of a 44.4%-owned land plot, located on Khurais Road in Riyadh. The bank’s share of net proceeds, after deducting auction-related costs and expenses, stood at SAR 801.1 million, according to a Tadawul filing. SAIB explained that...

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Business & Money | Monday 24 November, 2025 8:00 am

Hassan Allam Holding and Tilal Real Estate Partner with NHC to Develop a Landmark Integrated Community in Riyadh’s Khozam District

Hassan Allam Holding and Tilal Real Estate alliance have announced the signing of a strategic partnership with the National Housing Company (NHC) during Cityscape Saudi Arabia 2025 to develop their first mixed-use project in Riyadh’s Khozam District. The agreement was signed in the presence...

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Business & Money | Monday 24 November, 2025 8:00 am

Rikaz Announces a Strategic Partnership with Logistiya and Forsa Capital to Launch a Logistics Real Estate Fund with an Investment of SAR 300 Million

Rikaz, Saudi Arabia's leading real estate developer, announced the signing of a strategic partnership with Logistiya, a company specialized in developing logistics facilities, and Forsa Capital, an investment fund management firm, to launch a logistics real estate fund with investments estimated at ...

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Business & Money | Monday 24 November, 2025 8:00 am

SGP breaks ground on Dammam logistics zone

Prince Saud bin Nayef bin Abdulaziz, Governor of Eastern Province, inaugurated the new expansion of King Abdulaziz Port’s second container terminal in Dammam, backed by over SAR 2.8 billion in private-sector investment. He also laid the foundation stone for an integrated logistics zone...

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Business & Money | Sunday 23 November, 2025 10:47 am

Saudi Arabia values REE discoveries at SAR 375B: Alkhorayef

Minister of Industry and Mineral Resources, Bandar Alkhorayef, said rare earth element (REE) discoveries in the Kingdom are valued at around SAR 375 billion, as part of the country’s total estimated mineral wealth, which has increased by 90% since 2018 to SAR 9.4 trillion in 2024. He said...

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Business & Money | Sunday 23 November, 2025 9:01 am

S&P expect Saudi banks to provide $75B new corporate loans in 2025-26

S&P Global expects Saudi banks to provide $65–75 billion in new corporate loans annually in 2025–2026 (244–281 billion riyals), driven mainly by demand from the real estate and utilities sectors. In a recent report, the rating agency said that TASI-companies — including unrated...

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Business & Money | Thursday 20 November, 2025 12:00 pm

Aramco CEO: $30B in energy MoUs to be sealed with US today

Amin Nasser, CEO of Saudi Arabian Oil Co. (Saudi Aramco), identified liquefied natural gas (LNG) as the Saudi oil giant’s key target for expansion in the US. He confirmed that $30 billion (SAR 112.5 billion) worth of energy-focused memoranda of understanding (MoUs) are slated for signing...

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Business & Money | Thursday 20 November, 2025 12:00 pm

SAB Invest Seals Over SAR 4 Billion Real Estate Deals in Riyadh

SAB Invest signed agreements to launch three real estate funds with a combined asset value of SAR 4.8 billion. The funds will invest in iconic projects such as Capital Gate, the towers development on King Fahd Road, and a mixed-use development, on the sidelines of its participation in Cityscape...

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Business & Money | Wednesday 19 November, 2025 2:19 pm

Cognita Middle East and ROSHN Group Sign Landmark MoU to Establish World-Class Educational Facilities in Saudi Arabia

Cognita Middle East, the regional hub of the global schools group, has signed a Memorandum of Understanding (MoU) with ROSHN Group, the Kingdom of Saudi Arabia’s leading multi-asset class real estate developer and a Public Investment Fund (PIF) company, to develop world-class educational...

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Business & Money | Wednesday 19 November, 2025 10:00 am

The Helicopter Company and Riyadh Air Sign Strategic MoU to Advance Seamless Premium Air Mobility Across Saudi Arabia

The Helicopter Company (THC), a PIF company and the Kingdom's premier commercial helicopter operator, has signed a strategic Memorandum of Understanding (MoU) with Riyadh Air, the new national carrier of the Kingdom of Saudi Arabia and also a PIF entity, at Dubai Airshow.  This landmark...

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