Business & Money | Monday 24 March, 2025 11:22 am

ADNOC Gas shareholders approve record $3.41 billion dividend for 2024

ADNOC Gas plc and its subsidiaries confirmed shareholder approval at its Annual General Meeting (AGM) to distribute $3.41 billion in full-year dividends for 2024, including a final dividend payment of $1.706 billion scheduled for distribution in the second quarter of 2025. Dr. Sultan Ahmed Al...

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Business & Money | Monday 24 March, 2025 11:17 am

SCA recovers AED4.1mln for investors through amicable settlements in 2024

The Securities and Commodities Authority (SCA), through amicable settlements, has successfully recovered AED4.1 million in favour of investors during 2024. This achievement is the result of the SCA's relentless efforts in facilitating amicable settlements and effectively utilising the service...

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Business & Money | Monday 24 March, 2025 11:16 am

Al Ashghal Al Moysra signs SAR 16.5M deal with RCJY

Al Ashghal Al Moysra Co. signed today, March 23, a contract worth SAR 16.5 million with the Royal Commission for Jubail and Yanbu (RCJY) for the provision of furniture and office equipment moving services. The three-year contract is expected to have a positive impact on financial results for...

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Business & Money | Monday 24 March, 2025 11:14 am

SAMA licenses Al-Annaya Al-Yatmania to provide finance aggregation services

The Saudi Central Bank (SAMA) licensed Al-Annaya Al-Yatmania Co. to provide finance aggregation services, bringing the total number of licensed providers in Saudi Arabia to five. The decision aligns with SAMA’s efforts to support the financial sector, enhance transaction efficiency, and...

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Business & Money | Monday 24 March, 2025 11:05 am

SHL renews SAR 1.9B credit facility deal with ANB

SHL Finance Co. renewed a Shariah-compliant credit facility agreement worth SAR 1.91 billion with Arab National Bank (ANB), according to a statement to Tadawul. The five-year facility is secured by a promissory note for the full financing amount. SHL also assigned financing contract...

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Business & Money | Monday 24 March, 2025 11:03 am

NADEC subsidiary signs financing agreement with ADF for up to SAR 1.1B

National Agricultural Development Co. (NADEC) said that its subsidiary, AlRai National Livestock (a limited liability company, 51% owned by NADEC), signed a financing agreement with the Agricultural Development Fund (ADF) with a ceiling of SAR 1.1 billion. The funds will be used to establish a ...

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Business & Money | Monday 24 March, 2025 10:59 am

Cenomi Centers’ EGM approves SAR 3.75B sukuk issue

Arabian Centres Co.’s (Cenomi Centers) extraordinary general meeting (EGM) approved, on March 23, authorizing the company to offer one or more issuances of Shariah-compliant sukuk certificates of up to SAR 3.75 billion or equivalent amount in any other currencies as may be determined by the board ...

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Business & Money | Monday 24 March, 2025 10:54 am

Saudi German Health sells land plot for SAR 122M

Middle East Healthcare Co. (Saudi German Health) completed the sale of a 4,000-square meter land plot, in the Al-Sahafa district, Riyadh, for SAR 122 million, exclusive of real estate transaction tax. In a Tadawul statement, the company said the buyers are Al-Lujain Architectural Company for...

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Business & Money | Monday 24 March, 2025 10:13 am

Inforte acquires Shifra, aiming for leadership in cybersecurity distribution in META

Inforte announced that it will strengthen its regional presence by acquiring Shifra, a leading value-added cybersecurity distributor in the Middle East and Africa. Through this strategic acquisition, Inforte will carry over its expertise in the Turkish market to these regions, while gaining the...

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Business & Money | Sunday 23 March, 2025 10:13 am

SASCO opens 5 new stations in Riyadh, Madinah

Saudi Automotive Services Co. (SASCO) opened five new stations in Riyadh, and Madinah. Four stations are located in Al-Narjis, Al-Rabie, Tuwaiq and Imam Abdullah bin Saud Road in Riyadh, while one is situated in Al-Sadd district, Madinah, SASCO said on X. ...

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