Business & Money | Wednesday 20 November, 2024 11:08 am

SAIB starts issuing USD-denominated sukuk

The Saudi Investment Bank (SAIB) started issuing USD-denominated additional Tier 1 sustainable sukuk, according to a Tadawul statement.  The final issuance value and offering terms will be determined based on market conditions. Issuance DetailsTypeUSD-denominated...

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Business & Money | Tuesday 19 November, 2024 10:24 am

MBC Group’s subsidiary signs SAR 52.9M production services contract

MBC Group’s wholly owned subsidiary, MBC Studios Projects Saudi Arabia Ltd., signed today, Nov. 18, a production services contract with Sadaf for Audio and Visual Production Co. Ltd., a related party, to produce a television series worth $14.12 million (SAR 52.94 million). In a statement to...

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Business & Money | Tuesday 19 November, 2024 10:18 am

NHC launches 11 projects in Riyadh

National Housing Co. (NHC) launched 11 new projects in Khuzam destination, north of Riyadh, featuring more than 10,000 residential units.In a statement, the company said the new projects include Khuzam Park Residence, with areas of up to 379 square meters (sq m) per unit, Tala Khuzam (up to 430 sq...

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Business & Money | Tuesday 19 November, 2024 10:16 am

Alinma Retail REIT signs deal to purchase office property in Riyadh for SAR 380M

Alinma Investment Company, in its capacity as fund manager of Alinma Retail REIT Fund, announced signing an agreement, on Nov. 17, to purchase an office property in Riyadh for a price of SAR 380 million (Excluding real estate transaction tax), and the deal is doesn’t include brokerage...

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Business & Money | Monday 18 November, 2024 9:48 am

ASDA signs The Point project contract in Abha for SAR 1B

Prince Turki bin Talal bin Abdulaziz, Governor of Aseer Region and Chairman of Aseer Development Authority (ASDA), attended the signing of the main contractor agreement for the construction of The Point project. The project is managed by ASDA in partnership with the Tourism Development Fund (TDF),...

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Business & Money | Monday 18 November, 2024 9:38 am

Emirates NBD Participates in SAR 5 Billion shariah compliant revolving Credit Facility for Riyadh Air

 Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Turkey) region, has participated in the financing of SAR 5 billion revolving credit facility to Riyadh Air, the new national carrier wholly owned by Saudi Arabia’s Public Investment Fund (PIF). The...

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Business & Money | Sunday 17 November, 2024 10:53 am

New Murabba Showcased the Future of Urban Development at Cityscape Global 2024

New Murabba, a PIF company, highlighted its transformative vision for urban living at Cityscape Global 2024, one of the world’s largest real estate and urban development exhibitions, where it was the Foundation Sponsor. Inaugurated by the Ministry of Municipalities, the event was held from...

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Business & Money | Sunday 17 November, 2024 10:44 am

Saudi Arabia Concludes Impactful Tenure as Chair at the 122nd UN Tourism Executive Council in Colombia

 At the 122nd Executive Council session held from 13-15 November in Cartagena, Colombia, Saudi Arabia has concluded its two-year chairmanship term by calling on the industry to continue to strengthen the global tourism agenda. The chair of the UN Tourism Executive Council is pivotal in guiding ...

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Business & Money | Friday 15 November, 2024 3:45 pm

Tilal plans 3,000 units with SAR 3B investments in 4 Saudi cities: CEO

Tilal Real Estate Co. revealed plans to build 3,000 residential units in four Saudi cities with total investments of over SAR 3 billion, in coordination with National Housing Co. (NHC), CEO Abdulrahman AlBassam told Al-Eqtisadiah newspaper.   Tilal is in process of expanding its...

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Business & Money | Friday 15 November, 2024 12:59 am

Najm for Insurance Services Wins Prestigious “Best Call Center” Award at Saudi Customer Experience Awards

Najm for Insurance Services has been awarded the prestigious “Best Call Center for the companies with more than 1000 employees” at the Saudi Customer Experience Awards ceremony, held on Tuesday, November 13, in Riyadh. The event was attended by an esteemed group of business leaders, prominent...

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