Business & Money | Tuesday 25 March, 2025 11:38 am

Aramco completes 50% acquisition of BHIG

Saudi Arabian Oil Co. (Saudi Aramco) completed today, March 24, the acquisition of a 50% stake in the Jubail-based Blue Hydrogen Industrial Gases Co. (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ). The deal brings together industry experts to supply hydrogen, including...

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Business & Money | Tuesday 25 March, 2025 11:34 am

SAIC inks SAR 100M credit facility deal with Alinma Bank

Saudi Advanced Industries Co. (SAIC) signed today, March 24, a Shariah-compliant credit facility agreement with Alinma Bank worth SAR 100 million, aimed to finance expanding the company’s investments. In a statement to Tadawul, SAIC said the one-year financing is guaranteed by a promissory...

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Business & Money | Tuesday 25 March, 2025 11:32 am

Off-plan property sales, lease rise 60% in 5 years: REGA

Sale and lease of properties off-plan in Saudi Arabia recorded an average annual growth rate of 60% over the past five years, Eqtisadiah reported, citing Spokesperson of Real Estate General Authority (REGA) Tayseer Al-Mufarrej. This increase reflects the growing interest from developers and...

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Business & Money | Tuesday 25 March, 2025 11:32 am

Continental celebrates 30-year legacy with 26% premium growth in 2024, expanding total active insurance coverage to $6.9 billion

Continental Group, a leading insurance intermediary and financial services provider, entered its 30th year of operations with significant growth across key metrics in 2024, reinforcing its position as a trusted partner in wealth management and insurance solutions in the Middle East. The company...

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Business & Money | Tuesday 25 March, 2025 11:29 am

KEIR signs SAR 119.5M contract with National Grid SA

Keir International Co. signed today, July 15, a contract with National Grid SA for replacing cable circuits in Riyadh, at a total value of SAR 119.5 million (including VAT). According to a statement to Tadawul, the contract includes replacing the old 132 kV oil-filled underground cable...

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Business & Money | Tuesday 25 March, 2025 11:26 am

Saudi banks mulls selling NPLs via securitization deals- Sources

Saudi banks are considering selling non-performing loans (NPLs) through securitization deals, Bloomberg reported, citing sources. The sources suggested that the first major sale could occur this year, creating additional opportunities for lending to support ambitious development initiatives...

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Business & Money | Tuesday 25 March, 2025 11:24 am

DEWA’s General Assembly Approves Dividend Payment of AED 3.1 Billion to Shareholders for H2 of 2024

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), reported that its shareholders have, in the general assembly held on 21 March 2025, ...

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Business & Money | Tuesday 25 March, 2025 11:21 am

Saudi Coffee Company Partners with Halal Products Development Company to Expand Coffee in the Halal Market

The Saudi Coffee Company (SCC) and Halal Products Development Company (HPDC) have announced the signing of a Strategic Cooperation Agreement aimed at enhancing collaboration between the coffee industry and halal sector, expanding access to coffee products through certifications. This strategic ...

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Technology & IT | Monday 24 March, 2025 3:44 pm

Schneider Electric Inks several MoUs to Support Digital Transformation and Sustainability in Saudi Arabia

Schneider Electric, the leader in the digital transformation of energy management and automation, has forged strategic partnership agreements with key entities during the first quarter of 2025. These agreements reflect the company’s commitment to Saudi Vision 2030, accelerating digital...

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Technology & IT | Monday 24 March, 2025 1:45 pm

Celebrate Memorable Ramadan Moments With HONOR Magic7 Pro

With enhanced AI Photography and all-day battery life, the HONOR Magic7 Pro offers various tools and features to make life easier during the holy month (Riyadh, KSA  - 24.03.2025) Ramadan is a month that brings a shift in daily routines, with an emphasis on self-reflection and community....

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