Business & Money | Tuesday 26 November, 2024 11:06 am

Nofoth inks deal with Maqsood Restaurants to acquire brand for SAR 3.7M

Nofoth Food Products Co. signed, on Nov. 25, the final agreement to acquire Maqsood Restaurants’ trademark from Maqsood Restaurants Establishment in Saudi Arabia for SAR 3.7 million, according to a Tadawul statement. The deal includes the acquisition of Maqsood Restaurants’ trademark, in...

More Details

Business & Money | Tuesday 26 November, 2024 11:04 am

Fakeeh Care buys land in Riyadh for SAR 35.2M to set up medical centre

Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) purchased a land plot in Riyadh for SAR 35.21 million, excluding real estate transaction tax and brokerage fees, to establish a medical centre, according to a statement to Tadawul. The land plot in Al-Narjis District spans a total of...

More Details

Business & Money | Tuesday 26 November, 2024 11:02 am

solutions subsidiary signs SAR 500M financing deal with Riyad Bank

Arabian Internet and Communications Services Co. (solutions) announced that its subsidiary, Contact Centers Co. (CCC), signed a SAR 500 million Shariah-compliant financing agreement with Riyad Bank. The one-year agreement was guaranteed by a promissory note signed by CCC, the company said ...

More Details

Business & Money | Tuesday 26 November, 2024 11:00 am

Saudi Cable secures SAR 56.3M payout from associate

Saudi Cable Co. (SCC) announced that the board of directors of its associate company, Midal Cables Co., decided in its meeting held on Nov. 25 to distribute dividends to partners for 2024. In a statement to Tadawul, the company said its share of the dividends amounts to SAR 56.25...

More Details

Business & Money | Tuesday 26 November, 2024 10:54 am

SAIB successfully issues first Tier 1, $750M sustainable sukuk

The Saudi Investment Bank completed the debut offering of its USD-denominated Tier 1 Sustainable Sukuk Issuance of US$ 750 million on 21st November 2024, under its US$ 1.5 billion Additional Tier 1 Sukuk Program. The offering marks the first ever USD Tier 1 sustainable offering by the Bank in the...

More Details

Business & Money | Tuesday 26 November, 2024 10:48 am

28th World Investment Conference Kicks Off in Riyadh, Uniting Global Leaders in Investment for Sustainable Growth.

Invest Saudi and The World Association of Investment Promotion Agencies (WAIPA) officially launched the 28th World Investment Conference (WIC) today in Riyadh. With an overarching theme of ‘Harnessing Digital Transformation and Sustainable Growth: Scaling Investment Opportunities’, the first...

More Details

Business & Money | Tuesday 26 November, 2024 10:44 am

Ras Al Khaimah named the world’s top city for expatriates ‘to get started abroad’: InterNations Expat Insider 2024 ranking

Ras Al Khaimah has achieved a significant milestone in its journey to becoming a leading global destination to live, work and explore, by securing the top position in a survey of the world’s best expat destinations, conducted by InterNations, the largest global expatriate network.  The...

More Details

Business & Money | Tuesday 26 November, 2024 10:40 am

UAE Ministry of Industry and Advanced Technology Collaborates with Cisco to Drive I4.0 Technology Adoption in Manufacturing

 Cisco announced today that it has been collaborating with the UAE Ministry of Industry and Advanced Technology (MoIAT) to support Industry 4.0 (I4.0) adoption and development in manufacturing fields and to launch initiatives with national and international technology and manufacturing...

More Details

Business & Money | Tuesday 26 November, 2024 10:21 am

Arab Health to address MEA’s US$3.29 billion wearable medical device market

 Arab Health, the Middle East’s largest and most important healthcare event and congress, will explore the growth of the region’s wellness wearables market, as figures have unveiled the market in the Middle East and Africa (MEA) is expected to top US$3.29 billion by 2033. The data by...

More Details

Business & Money | Tuesday 26 November, 2024 10:19 am

Focused and Future-Ready the Middle East M&A Market Drives Economic Diversification

 Middle Eastern mergers and acquisitions (M&A) continue to forge ahead with resilient investment and a strong focus on economic diversification. According to BCG’s 2024 M&A Report, Middle East deal volume rose 7% in the first nine months of 2024, even as global deal volume declined...

More Details