Business & Money | Monday 22 April, 2024 9:35 am

PIF inks deal to acquire stake in stc’s TAWAL for SAR 8.7B

stc Group signed, on April 21, a sale and purchase agreement (SPA) with the Public Investment Fund (PIF) to sell 51% of Telecommunication Towers Company Limited (TAWAL) for cash. In a statement to Tadawul, the telecom operator said that the agreements were signed to...

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Business & Money | Monday 22 April, 2024 9:19 am

CAYAN Group continues its partnership with NEOM for the second Hampton by Hilton hotel to be fully funded and developed at NEOM Community

Cayan Group, a leading real estate investment and development company in the Middle East, continues its partnership with NEOM – a giga project spanning 26,500 square kilometres in northwest Saudi Arabia – for a second Hampton by Hilton at NEOM Community. A signing ceremony between Cayan Group...

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Business & Money | Monday 22 April, 2024 9:15 am

Tatweer Company and Alfaisal University Launch “Training Program Leading to Employment”

Tatweer Company, in collaboration with Alfaisal University, has launched the “Training Program Leading to Employment” to empower the next generation to excel in the realm of real estate. The program aims to acquaint participants with the latest practices in the real estate development...

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Business & Money | Monday 22 April, 2024 9:06 am

Inaugural SaudiFood Manufacturing show to put spotlight on Kingdom’s F&B manufacturing industry

The inaugural edition of SaudiFood Manufacturing, the first dedicated F&B manufacturing event in the Kingdom spanning processing, packaging and ingredients; will be the launchpad for the industry to take its place at the heart of Saudi Arabia’s economic transformation. Following the highly...

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Business & Money | Sunday 21 April, 2024 10:50 am

Ajman real estate transactions reach AED4.3 billion in Q1 2024

The total value of real estate transactions in Ajman reached AED4.3 billion during the first quarter of 2024, reflecting a remarkable growth of over 26.6% compared to the same period in 2023. Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Department of Land and Real Estate Regulation...

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Business & Money | Sunday 21 April, 2024 10:42 am

PureHealth Holding appoints Q Market Makers LLC as liquidity provider

PureHealth Holding PJSC (PureHealth), the largest integrated healthcare network in the Middle East, is pleased to announce its collaboration with Q Market Makers LLC (QMM), who has been appointed as its liquidity provider. This partnership underscores PureHealth’s commitment to enhancing its...

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Business & Money | Sunday 21 April, 2024 10:33 am

Emaar Properties to cover all costs for repairs of homes within its communities affected by recent severe weather in Dubai

Emaar Properties announced that it will cover all costs for repairs of homes within its communities affected by the recent severe weather in Dubai, ensuring that residents face no financial burden. Emaar Properties is deeply committed to the well-being of its community. Since the severe rains...

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Business & Money | Sunday 21 April, 2024 10:20 am

Jarir lowers prices to ensure strong market share: Chairman

Jarir Marketing Co. (JMC) continues to boost its market share, which will result in further growth, Chairman Muhammad Alagil told Argaam. He added that Jarir reduced prices to ensure an increase in its market share amid fierce competition in the retail sector, leading to a decrease in profit...

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Business & Money | Sunday 21 April, 2024 9:49 am

RAKEZ to showcase business set-up solutions Ras Al Khaimah offers to German investors at Hannover Messe 2024

Ras Al Khaimah Economic Zone (RAKEZ) is set to participate in Hannover Messe, one of the world’s largest manufacturing industry trade fairs, taking place from 22 to 26 April 2024, in Germany. This participation underscores RAKEZ's strategic focus on the German market and the economic zone’s...

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Business & Money | Sunday 21 April, 2024 9:23 am

Tasnee shareholders approve transferring SAR 905.3M to retained earnings

Shareholders of National Industrialization Co. (Tasnee) approved transferring SAR 905.3 million from its statutory reserve, as per the financial statements for the period ended Dec. 31, 2023, to retained earnings in the general meeting held on April 18. In a statement to Tadawul, the company...

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