Business & Money | Wednesday 1 April, 2026 2:59 pm

Serving more than 137,000 beneficiaries NWC completes project to increase water supply efficiency in Madinah at SR 60 million

The National Water Company (NWC) announced the completion of a transmission line project, one of the most important water infrastructure projects in Madinah, at a cost of 60 million Saudi Riyals. This project has achieved a significant improvement in water supply efficiency in the region and serves ...

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Business & Money | Wednesday 1 April, 2026 2:00 pm

Cenomi Centers signs deals with Saudi Downtown to develop Al Khobar mall

Arabian Centres Co. (Cenomi Centers) signed on March 31 an agreement with Saudi Downtown Co., a wholly owned subsidiary of the Public Investment Fund (PIF), to develop a new shopping mall in Al Khobar. In a statement to Tadawul, the company said the contract value exceeds 5% of its annual...

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Business & Money | Tuesday 31 March, 2026 1:33 pm

GASCO starts construction of SAR 88.7M fiberglass cylinders plant

National Gas and Industrialization Holding Co. (GASCO) started the establishment of a fiberglass cylinders manufacturing plant through Fiber Gas Industrial Co., a subsidiary of Khazeen Co., which is wholly owned by GASCO.In addition, Fiber Gas Industrial signed...

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Business & Money | Tuesday 31 March, 2026 1:28 pm

Alramz purchases land plots in Riyadh for SAR 94.6M

Alramz Real Estate Co. purchased commercial/residential land plots in Al Malqa District, Riyadh, from Mohammed Abdulaziz Al-Majed and Mohammed Ibrahim Al-Khalifa, for SAR 94.60 million. In a Tadawul statement, the company said the land plots span 8,600 square meters, and will be used for the...

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Business & Money | Tuesday 31 March, 2026 1:27 pm

Alkhorayef Water inks SAR 221M contract for projects in Hafar Al-Batin, Al-Qaisomah

Alkhorayef Water and Power Technologies Co. signed a contract with National Water Co. (NWC) for sanitary sewer networks in Hafar Al-Batin and Al-Qaisomah governorates - Phase Four (Part Two), at a value of SAR 221.01 million (excluding VAT). Under the 36-month contract, the company will...

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Business & Money | Monday 30 March, 2026 9:23 am

Masar inks SAR 500M revolving facility with SAB

Umm Al Qura for Development and Construction Co. (Masar) said it signed a Shariah-compliant revolving credit facility worth SAR 500 million with Saudi Awwal Bank (SAB). In a statement to Tadawul, the company said the 12-month facility will be used to finance general working capital...

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Business & Money | Thursday 26 March, 2026 3:48 pm

SAR logistics link joins Gulf ports to Jordan, north Saudi

Saudi Arabia Railways launched an international freight rail corridor linking King Abdulaziz Port (Dammam), King Fahd Industrial Port, and Jubail Commercial Port to the Al Haditha border crossing. The corridor will enhance connectivity between Jordan and cities in Saudi Arabia’s north, and...

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Business & Money | Wednesday 25 March, 2026 4:20 pm

SAMA issues updated supervisory framework for payment systems and operators

The Saudi Central Bank (SAMA) announced issuing an updated supervisory framework for payment systems and their operators, replacing the current supervisory framework for payment and financial settlement systems. In a statement, SAMA said the update defines the scope of the supervisory...

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Business & Money | Wednesday 25 March, 2026 12:32 pm

Kingdom Holding: Jeddah Tower reaches 91st floor, construction on track

Kingdom Holding Co. (KHC) said construction progress on Jeddah Tower is proceeding according to schedule, with exterior cladding works currently underway, alongside ongoing mechanical, electrical, and plumbing (MEP) works. In a statement, the company added that the tower reached the 91st...

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Business & Money | Tuesday 24 March, 2026 2:38 pm

MIS wins SAR 64.83M NWC contract

Al Moammar Information Systems Co. (MIS) said it won a project with National Water Co. (NWC) valued at SAR 64.83 million, inclusive of VAT. In a statement to Tadawul, MIS said it will provide IT services under the project and expects to sign the contract on April 16. The company added it...

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