Business & Money | Sunday 3 November, 2024 9:47 am

Saudia Earns Prestigious APEX World Class 2025 Award For the fourth consecutive year

Saudia, the national flag carrier of Saudi Arabia, announced its win as the World Class Airline 2025 for the fourth consecutive year at the APEX WORLD CLASS™ Awards. This remarkable achievement further solidifies Saudia’s position as a leading carrier. APEX WORLD CLASS™ by YATES+ award...

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Business & Money | Sunday 3 November, 2024 9:44 am

RIKAZ Launches ZAYA to Develop Residential and Commercial Projects with Investments Totaling SAR 600 million

RIKAZ announces the launch of ZAYA, its affiliate company specializing in developing residential and commercial projects, with investments amounting to SAR 600 million.  The launch of ZAYA reflects the company's commitment to expanding its activities in the Kingdom and meeting the...

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Business & Money | Sunday 3 November, 2024 9:40 am

Region’s creative marketing community gears up for second edition of Athar Festival in Riyadh

Athar - Saudi Festival of Creativity, the Kingdom's largest gathering of the creative marketing industry, is set to make its highly anticipated return to Riyadh with its second edition. Held at Crowne Plaza Riyadh RDC Hotel & Convention, activities kick off on 3 November with the Young Talent...

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Business & Money | Sunday 3 November, 2024 9:38 am

New Deloitte study explores the future of sports club privatization in Saudi Arabia and their path to profitability

As Saudi Arabia accelerates its drive to privatize sports entities, Deloitte Sports Business Group has released a new study offering critical insights for potential sports club owners and a roadmap toward sustainable, profitable ownership. The study reveals a four-phase approach aimed at...

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Business & Money | Sunday 3 November, 2024 9:35 am

Saudi Reinsurance Company "Saudi Re" Reports 351% Increase in Profits for the First 9 Months of 2024, Reaching SAR 475 Million

The Saudi Reinsurance Company "Saudi Re" has announced its financial results for the nine months ending September 30, 2024. The company achieved a net profit after zakat of SAR 475 million, marking an impressive increase of 351% compared to the same period last year. The financial results also...

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Business & Money | Sunday 3 November, 2024 9:30 am

The Sports Boulevard Masterplan has earned the world’s first ActiveScore Platinum Communities Certification.

The Sports Boulevard Foundation has received best-in-class recognition from active travel accreditation ActiveScore – one Platinum Communities Certification for the Sports Boulevard Masterplan and one Platinum Certification for the Global Sports Tower. The Sports Boulevard project aims to...

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Business & Money | Sunday 3 November, 2024 9:21 am

ACWA Power announces financial closing for aggregate USD 62 million for Nukus 1 wind project at FII8

ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, today announced the successful financial closure for senior and subordinated debt facilities worth USD 62 million for a key renewable energy project in Central...

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Business & Money | Friday 1 November, 2024 8:00 am

SNB plans SAR-denominated additional Tier 1 Sukuk issue

Saudi National Bank announced today, Oct. 31, its intention to issue SAR-denominated additional Tier 1 sukuk. In a statement to Tadawul, SNB said it mandated SNB Capital Co. as the sole book-runner, lead arranger, and lead manager for the proposed offer. The purpose of the potential offer ...

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Business & Money | Friday 1 November, 2024 8:00 am

ADES completes acquisition of 2 jack-up rigs in Southeast Asia

ADES Holding Co. acquired two jack-up rigs from Vantage Drilling International Ltd. (Vantage Drilling) in Southeast Asia. The acquisition came after all conditions precedent under the agreements, signed in September, were satisfied, the company said in a statement to Tadawul. In...

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Business & Money | Friday 1 November, 2024 8:00 am

Global Trade and Infrastructure Summit at Logimotion to highlight connectivity and sustainable infrastructure

The upcoming Global Trade and Infrastructure Summit (GTIS), taking place from 10-11 December at Logimotion, will explore the complexities of global trade and infrastructure, bringing together experts from around the world.  Based on the theme: "Fostering Connectivity, Propelling Growth",...

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