Business & Money | Tuesday 3 October, 2023 11:23 am

GULFNAV submits proposal to acquire Brooge Petroleum and Gas Investment Company

Gulf Navigation Holding PJSC (“GULFNAV”), the Dubai Financial Market listed maritime and shipping company, announced that it has submitted a formal proposal to fully acquire Brooge Petroleum and Gas Investment Company (“BPGIC”) from Brooge Energy Limited (“BEL”), a Leading Oil Refinery...

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Business & Money | Tuesday 3 October, 2023 10:54 am

Almana Group of Hospitals Announces Plans to Expand its Reach to Riyadh

Almana Group of Hospitals, the pioneering healthcare provider in the Eastern Region, and one of the Kingdom's most established and prominent medical groups, has unveiled plans to expand to Riyadh in partnership with Dar International Consultancy, HDR Middle East and ARC Design.  This strategic ...

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Business & Money | Tuesday 3 October, 2023 10:50 am

New entertainment and cinema planned in KAFD with SSH

Leading architectural and engineering consultancy SSH has partnered with King Abdullah Financial District Development & Management Company (KAFD DMC) in Saudi Arabia to deliver multiple packages comprising architecture, comprehensive multi-disciplinary design, engineering design, and...

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Business & Money | Tuesday 3 October, 2023 10:48 am

Saudi Top inks SAR 30 mln credit facility with Riyad Bank

Nomu-listed Saudi Top for Trading Co. signed a SAR 30 million Shariah-compliant credit facility agreement with Riyad Bank, according to a statement on Tadawul.   Saudi Top said SAR 20 million would be allocated to repay suppliers’ dues and SAR 10 million for issuing letters of...

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Business & Money | Monday 2 October, 2023 8:33 am

Arabian Pipes signs SAR 115 mln supply contract

Arabian Pipes Co. signed today, Oct. 1, a supply contract worth around SAR 115 million for supplying longitudinally welded pipes from its factory in Jubail to the branch of C.A.T. International Limited. The financial impact of the contract, which runs for nine months, will appear on the...

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Business & Money | Monday 2 October, 2023 8:31 am

Alkhaleej Training signs SAR 149.4 mln contract with Saudi Electricity

Alkhaleej Training and Education Co. signed today, Oct. 1, a contract worth around SAR 149.42 million, excluding value-added tax (VAT), with Saudi Electricity Co. (SEC).   The deal, which is valid for one year and is automatically renewed for another year at the same value, ...

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Business & Money | Monday 2 October, 2023 8:29 am

SAMA seeks public feedback on draft amendments of motor insurance rules

The Saudi Central Bank (SAMA) invited entities and parties concerned with the provisions of the rules the comprehensive motor insurance rules to send their feedback via Istitlaa platform, according to a statement today, Oct. 1.   The amended rules aim to expand the insurance coverage ...

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Business & Money | Sunday 1 October, 2023 1:50 pm

NEOM and Maysalward to strengthen young gaming talent with the launch of the NEOM Game Dev Challenge

NEOM, the global development taking shape in northwest Saudi Arabia, has joined forces with Maysalward, the pioneering mobile game studio from the Middle East, in an exciting collaboration to launch the NEOM Game Dev Challenge. The pilot program has just begun with the goal of empowering the next...

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Business & Money | Sunday 1 October, 2023 12:30 pm

Najm Partners Up with iot squared to advance insurance services

Najm for Insurance Services has signed an agreement with iot squared, a leading company in providing Internet of Things (iot) solutions for smart logistics and cities, to advance insurance services in the Kingdom. The agreement was signed by the Acting CEO of Najm, Mohammad Al-Shehri, and the...

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Business & Money | Sunday 1 October, 2023 12:01 pm

Saudi’s Alamiya makes bold move back into the film industry with the acquisition of Lyra Pictures

Alamiya, a prominent live production and entertainment company in the Middle East with a fifty-year heritage, has announced its latest milestone in the industry – the acquisition of Lyra Pictures.  This transformative partnership marks a significant step towards shaping the future of...

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