Business & Money | Sunday 28 June, 2026 4:53 pm

Cenomi Centers inks SAR 1.33B contract for Al Khobar Downtown Mall, Boulevard

Arabian Centers Co. (Cenomi Centers) signed today, June 28, a design and build contract for the Al Khobar Downtown Mall and Boulevard project with Lynx Contracting Co., at a value of SAR 1.33 billion (excluding VAT). According to a Tadawul statement, the scope of the contract includes design,...

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Business & Money | Thursday 25 June, 2026 9:51 am

RCRC kicks off 4th batch of Riyadh's road projects at SAR 9.8B

The Royal Commission for Riyadh City (RCRC) launched the fourth batch of the Main and Ring Road Axes Development Program in Riyadh, with a total cost of SAR 9.8 billion.The project features the development of four major road corridors spanning a combined length of 40 kilometers and includes 14 key...

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Business & Money | Thursday 25 June, 2026 9:50 am

Jadwa Investment Launches Two Real Estate Funds worth SAR 10 billion in Makkah

Jadwa Investment announced the launch of two real estate development funds in Makkah with an aggregate value of up to SAR 10 billion.  The announcement follows the signing ceremony for both funds held yesterday, marking a significant milestone in Jadwa’s expanding real estate investment ...

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Business & Money | Wednesday 24 June, 2026 8:00 am

Ladun signs two SAR 2.39B development contracts for Qirawan–Al Narjis, Namar lands

Ladun Investment Co. signed today, June 23, two contracts with the Royal Commission for Riyadh City (RCRC) for infrastructure development projects under Phase 1 of the Real Estate Balance Program, covering the Qirawan–Al Narjis lands and Namar land. The projects will be executed by Ladun in...

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Business & Money | Wednesday 24 June, 2026 8:00 am

Geographical zones link real estate opportunities to city needs: Minister

Minister of Municipalities and Housing and Chairman of the board of directors of the General Authority for Real Estate (REGA) Majed Al-Hogail said the Cabinet’s approval of the new geographical zones and executive regulations for the newly-introduced law of real estate ownership and investment by ...

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Business & Money | Tuesday 23 June, 2026 10:39 am

Emaar EC shareholders approve SAR 1B convertible loan, elect new board

Shareholders of Emaar The Economic City (Emaar EC) approved, at the ordinary general meeting (OGM) held on June 22, the transactions and contracts concluded with the Public Investment Fund (PIF) for 2025, relating to the amendment and restatement of the existing shareholder loan...

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Business & Money | Tuesday 23 June, 2026 9:52 am

Yaqeen Capital launches SAR 600M real estate fund in Madinah

Yaqeen Capital launched and commenced operations of the Yaqeen Madinah Hotel Fund, a Shariah-compliant closed-ended private real estate development fund. According to a statement on Tadawul, the fund targets a size of approximately SAR 600 million, including bank financing. The fund will...

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Business & Money | Monday 22 June, 2026 7:41 am

Umm Al Qura for Development and Construction Signs Sale Agreement with Osus Real Estate Company for Three Land Plots to Develop Residential Towers in Masar Destination

Umm Al Qura for Development and Construction Company, the owner, developer, and operator of Masar Destination, has signed a sale agreement for three land plots to be developed by Osus Real Estate Company through Osus Abraj Bawabat Alrahmaniyah Company (The SPV of a real estate fund managed by...

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Business & Money | Tuesday 16 June, 2026 3:00 pm

Riyadh’s real estate prices more aligned with buyers' capabilities: Al-Hogail

Saudi Arabia’s Minister of Municipalities and Housing, Majed Al-Hogail, said Riyadh is currently witnessing real estate prices that are more aligned with buyers' purchasing power, expressing optimism for an even greater alignment. Speaking to Al Arabiya Business, the minister stated that the ...

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Business & Money | Thursday 11 June, 2026 9:29 am

PIF bids for shares in SpaceX’s IPO: Report

Saudi Arabia’s Public Investment Fund (PIF) and the Kuwait Investment Authority have each placed orders for shares worth $1 billion to $5 billion in SpaceX’s initial public offering (IPO), Bloomberg reported, citing sources familiar with the matter. The $580 billion Qatar Investment...

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