Business & Money | Wednesday 27 November, 2024 10:45 am

Allianz SF shareholders approve name change to Mutakamela Insurance

Allianz Saudi Fransi Cooperative Insurance Co.’s (Allianz SF) shareholders approved an amendment to Article 2 of the company’s bylaws, changing the company’s name, during the extraordinary general meeting (EGM), held on Nov. 25. In a statement to Tadawul today, the company said its trade ...

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Business & Money | Wednesday 27 November, 2024 10:40 am

Unemployment among Saudis drop to historical low of 7.1% until Q2 2024

Unemployment among Saudis dropped to a historical low of 7.1% until Q2 2024, nearing the Saudi Vision 2030 target of 7%, Crown Prince Mohammed bin Salman said. Moreover, Saudi women participation rate in the labor market rose to 35.4% by the end of the second quarter, surpassing the Vision...

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Business & Money | Wednesday 27 November, 2024 10:36 am

RAKEZ unveils opportunities in UAE’s thriving construction sector at Big 5 Global

Ras Al Khaimah Economic Zone (RAKEZ) is set to highlight the dynamic growth opportunities in the UAE's construction sector at this year’s Big 5 Global exhibition, taking place at Dubai World Trade Center. RAKEZ Group CEO Ramy Jallad said, “As the UAE’s construction industry continues to...

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Business & Money | Wednesday 27 November, 2024 10:24 am

Americana subsidiary, Farm Frites partner on SAR 375M Riyadh French fry plant

The Agricultural Growth and Processing Co., a subsidiary of Americana Holding for Food Ltd, revealed a significant $100 million (SAR 375 million) investment in a frozen French fries manufacturing plant in Sudair City for Industry and Businesses, Riyadh. In a press statement cited by Argaam,...

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Business & Money | Tuesday 26 November, 2024 4:44 pm

HORECA Riyadh 2024 and Salon du Chocolat et de la Pâtisserie Launch in the Heart of Riyadh

Today marked the opening of the 13th edition of HORECA Riyadh at the Riyadh International Convention & Exhibition Center, attended by distinguished figures, including Mrs. Mayada Badr, CEO of the Culinary Arts Commission, and Prince Waleed bin Nasser Al-Saud, Founder and CEO of Mukatafa,...

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Cars & Autos | Tuesday 26 November, 2024 12:26 pm

Al-Futtaim Electric Mobility Signs Partnership With Parkin To Accelerate Sustainable Urban Mobility

Dubai, UAE: Al-Futtaim Electric Mobility, the regional representative of BYD in the UAE and KSA, and Parkin PJSC, the largest provider of paid public parking facilities and services in Dubai, have partnered to electrify Parkin’s operational fleet, advancing the UAE’s green mobility agenda. This ...

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Beauty & Style | Tuesday 26 November, 2024 11:07 am

Edarat wins SAR 20M deal with ECZA

Edarat Communication and Information Technology Co. was awarded a three-year framework agreement with the Economic Cities and Special Zones Authority (ECZA) for a disaster recovery and managed services center with a ceiling value of SAR 20 million, including VAT. In a statement to Tadawul, the ...

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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...

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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...

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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 ...

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