Business & Money | Wednesday 1 January, 2025 10:03 am

Jarir signs MoU with Aman Egypt to launch consumer finance firm

Jarir Marketing Co. signed a non-binding memorandum of understanding (MoU) with Aman Non-Bank Financial Services and Electronic Payments Co. (Aman Egypt) to establish a consumer finance company, with an initial capital of SAR 100 million, according to a statement to Tadawul. The establishment...

More Details

Business & Money | Wednesday 1 January, 2025 9:54 am

Retal starts Business Park Fund liquidation, gain anticipated at SAR 45M

Retal Urban Development Co. received a notification from BLOMINVEST, the fund manager of Business Park Fund, regarding starting the procedures to liquidate the fund, by selling the project for a total value amount of SAR 470 million excluding real estate transaction tax. In a statement to...

More Details

Business & Money | Tuesday 31 December, 2024 9:50 am

WAJA obtains SAR 16M financing from Alinma Bank

WAJA Co. signed a Shariah-compliant facility agreement worth SAR 16 million with Alinma Bank. In a statement to Tadawul, the company said the funds would go towards financing Shariah-compliant letters of credit, bank guarantees, and Tawarruq. The financing period is one year and the...

More Details

Business & Money | Tuesday 31 December, 2024 9:43 am

2P reaches SAR 4M settlement for headquarters fire

Perfect Presentation for Commercial Services Co. (2P) stated that it reached on Dec. 30 a full and final settlement of SAR 4 million with Arabian Shield Insurance Co. for the insurance claim for damages from the fire that broke out at the company’s headquarters. The relevant financial impact ...

More Details

Business & Money | Monday 30 December, 2024 10:11 am

Saudi Parts Center completes SAR 1.1M deal to supply truck filters

Saudi Parts Center Co.  announced the completion of a deal to supply filters for heavy trucks for a total value of SAR 1.07 million, excluding value-added tax.  In a statement to Tadawul, the company pointed out that the financial impact of the deal will appear in December...

More Details

Business & Money | Monday 30 December, 2024 9:43 am

WSM pens deal to acquire Wasltec for SAR 8.5M

WSM Information Technology Co. signed, on Dec. 29, the final acquisition contract (purchase contract) with Tanabw for Information Technology to fully acquire Wasl Technical Information Systems Co. Ltd. (Wasltec) for SAR 8.5 million. In a statement to Tadawul, the company noted that...

More Details

Technology & IT | Sunday 29 December, 2024 10:12 am

Introducing the HONOR X9c Smart for Ultimate Durability and Camera Performance

Global technology brand HONOR is proud to announce its latest innovation, the HONOR X9c Smart, designed to withstand the many challenges of everyday life. From adventure-seekers wanting a phone that can operate in harsh environments to users capturing stunning visuals with all-day battery life, the ...

More Details

Tourism & Hospitality | Saturday 28 December, 2024 9:59 am

'Discover Beyond Hail' Tour Wraps Up Under Governor's Patronage

Under the patronage and presence of His Royal Highness Prince Abdulaziz bin Saad bin Abdulaziz Al Saud, Governor of Hail Region, the Tourism Development Fund (TDF) successfully concluded its "Discover Beyond Hail" tour and accompanying exhibition that hosted more than 600 participants. This...

More Details

Business & Money | Saturday 28 December, 2024 9:52 am

Al-Hilal SFC makes SAR 33.4M profit in FY 2023/24

Al-Hilal Saudi Football Club reported net profits of SAR 33.37 million for the fiscal year 2023/24. Net profit margins reached 1.5%. Total revenue exceeded SAR 1 billion, compared to activity expenses of SAR 923.5 million. The current ratio rose to 0.89 in June 2024 from 0.61 a year...

More Details

Technology & IT | Saturday 28 December, 2024 9:29 am

Digital Cooperation Organization launches groundbreaking ‘Digital Economy Trends 2025’ Report at Internet Governance Forum (IGF) 2024

The Digital Cooperation Organization (DCO) participated in the Internet Governance Forum (IGF) 2024, held at the King Abdulaziz International Conference Center in Riyadh from December 15–19, 2024, by contributing to key dialogues on transformative aspects of the digital economy, from ethical AI,...

More Details