Business & Money | Tuesday 3 November, 2026 2:47 pm

PIF raises $3B facilities from Italy's credit export agency SACE

The Public Investment Fund (PIF) announced raising $3 billion (equivalent to SAR 11.25 billion) in credit facilities guaranteed by Italy’s export credit agency SACE. The transaction will further expand trade and create new cooperation opportunities within PIF’s ecosystem to procure goods...

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Business & Money | Sunday 1 November, 2026 7:55 pm

ARDCO’s share of projects hits SAR 3B, to exit 300,000 sqm land plots: CFO

The total value of projects in which Riyadh Development Co. (ARDCO) participates stands at approximately SAR 9 billion, with the company’s share exceeding SAR 3 billion, according to CFO Mohammed Alkulaib. Alkulaib told Al Arabiya TV that the projects will be financed through several...

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Business & Money | Sunday 1 November, 2026 11:54 am

PIF and Aramco close HUMAIN transaction

The Public Investment Fund (PIF) and Saudi Aramco announced today, Nov. 1, the completion of a deal under which Aramco, through a wholly owned subsidiary, acquired a 49% stake in HUMAIN, while PIF retains its 51% ownership in the company. Under the deal, Aramco will inject approximately SAR...

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Business & Money | Wednesday 28 October, 2026 6:29 pm

Acwa signs SAR 1.79B water purchase deal in Dubai

Acwa signed a 30-year water purchase agreement with Dubai Electricity and Water Authority (DEWA) for the Hassyan Seawater Reverse Osmosis (SWRO) independent water project in Dubai, the company said in a statement to Tadawul on Wednesday. The agreement is valued at $478 million (SAR 1.794...

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Business & Money | Wednesday 28 October, 2026 6:23 pm

stc group’s nine-month operating profit rises 4.1% to SAR 11.3 billion

stc group announced its interim financial results for the period ended 30 September 2026, delivering growth in revenue and operating profit during the first nine months of the year. The performance was supported by the strength of its core business and accelerating growth across its subsidiaries,...

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Business & Money | Tuesday 27 October, 2026 4:13 pm

Aramco nears securing $10B loan from global banks: Report

Saudi Aramco is nearing agreement with international banks on a $10 billion loan (SAR 37.5 billion) that would bolster its finances as conflicts in the Middle East threaten crude exports, Bloomberg reported. The revolving credit facility, to be signed in the coming weeks, is set to be priced...

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Business & Money | Monday 26 October, 2026 8:00 am

Saudi Arabia to excel in advanced technologies amid robust digital base: Al-Khorayef

Bander Al-Khorayef, Acting Governor of the General Authority for Military Industries (GAMI), said Saudi Arabia is well positioned to excel in advanced technologies, supported by its strong digital base, skilled young workforce, and ability to turn ideas into products that can be deployed in the...

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Business & Money | Monday 26 October, 2026 8:00 am

King Salman orders support measures ahead of utility tariff changes

King Salman bin Abdulaziz Al Saud directed a series of measures to support citizens, based on a proposal by Crown Prince and Prime Minister Mohammed bin Salman, coinciding with Saudi Energy Co. (SEC) and National Water Co. (NWC) announcing changes to electricity and water tariffs effective Jan. 1,...

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Business & Money | Thursday 22 October, 2026 8:06 pm

Oil demand to rise 3M bpd on recovery: Nasser

Saudi Aramco CEO Amin Nasser expects oil demand to rise by about 3 million barrels per day (mbpd) once conditions in the region return to normal, comprising 2 mbpd in consumption growth and 1 mbpd to replenish inventories depleted during the crisis. In an interview with Al Arabiya, Nasser said ...

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Business & Money | Wednesday 21 October, 2026 4:26 pm

Saudi Arabia leading G20 growth forecasts for 2027 reflects economic resilience: Investment Ministry

The Ministry of Investment said Saudi Arabia’s leading position in projected economic growth among G20 countries in 2027, at 7.9% based on International Monetary Fund (IMF) data for October 2026, reflects the strength and resilience of the Kingdom’s economy and opens broader prospects for...

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