Government | Monday 31 March, 2025 5:21 am

RCRC set to launch platform for residential land applications

Ibrahim Al-Sultan, CEO of the Royal Commission for Riyadh City (RCRC), said the authority will start immediately to implement Crown Prince Mohammed bin Salman’s directives to provide developed and planned residential lands for citizens in Riyadh.   Al-Sultan confirmed that work is...

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Business & Money | Monday 31 March, 2025 5:05 am

CMA publishes study on evaluating compensation opportunities for affected parties

The Capital Market Authority (CMA) published a study on the "Assessment of Compensation Opportunities for Affected Parties in the Capital Market," which examines the increasing frequency of compensations arising from announcements of punitive decisions against violators of the Capital Market...

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Business & Money | Friday 28 March, 2025 7:04 am

UQDC partially repays credit facilities with Alinma Bank from IPO proceeds

Umm Al Qura for Development and Construction Co. (UQDC) used as much as SAR 1.5 billion from its recent initial public offering’s (IPO) net proceeds for the partial settlement of its existing credit facilities with Alinma Bank.   Accordingly, the repaid credit limits are to be...

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Beauty & Style | Friday 28 March, 2025 6:40 am

"Jazeera Paints" Innovating Colors and Designs Inspired by Our Heritage, Reflecting the Spirit of Saudi Regions

 “Jazeera Paints”, the leading company in the industry of paints, colors and construction solutions in KSA and MENA, has launched a national initiative in collaboration with the Architecture and Design Commission. The initiative brings together a select group of Saudi designers and artists ...

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Business & Money | Thursday 27 March, 2025 1:13 pm

SHL renews SAR 200M credit facilities with Bank AlJazira

SHL Finance Co. renewed on March 26 a Shariah-compliant credit facility agreement worth SAR 200 million with Bank AlJazira.   SHL will use the five-year financing to expand and boost sales volumes, in line with its plans and future strategy, according to a statement to...

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Business & Money | Thursday 27 March, 2025 1:08 pm

MEPCO to acquire Al-Medan Project in SAR 91M deal, issue new shares

Middle East Paper Manufacturing and Production Co. (MEPCO) signed today, March 27, a share purchase agreement to acquire full ownership of Al-Medan Project Company for Corrugated Carton (MPCCC). The deal includes purchasing 1,000 ordinary shares, representing the entire capital of the MPCCC,...

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Business & Money | Wednesday 26 March, 2025 11:11 am

1.7 Billion in Financing by the Social Development Bank in Q1 2025 And Activation of the Corporate Social Responsibility Portfolio

The Social Development Bank (SDB) held its regular meeting for the first quarter of the current year, chaired by His Excellency Ahmed bin Sulaiman Al-Rajhi, the Minister of Human Resources and Social Development (MHRSD), Chairman of SDB’s Board of Directors, and in the presence of the board...

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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 11:29 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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