Business & Money | Saturday 28 December, 2024 5:04 am

NWC completed implementation of water networks and reservoirs to serve Sabia Governorate and 44 villages in Jazan

The National Water Company (NWC), represented by the Southern Cluster, announced that it has started operation of 5 water projects to serve Sabia Governorate and 44 of its  villages. The company embarked on operation in order to keep up with the increasing demand for water services...

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Business & Money | Friday 27 December, 2024 9:24 am

Roshn launches first Makkah project on 21m sqm

ROSHN Real Estate Co., a wholly-owned subsidiary of the Public Investment Fund (PIF), announced the groundbreaking of Al-Manar Community, marking its first fully integrated residential development in Makkah. Al-Manar Community spans 21 million square meters (sqm) and will feature over 33,000...

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Business & Money | Thursday 26 December, 2024 11:54 am

Saudi Networkers signs SAR 50M credit facilities deal with Al Rajhi Bank

Saudi Networkers Services Co. signed, on Dec. 24, a Shariah-compliant credit facilities agreement worth SAR 50 million with Al Rajhi Bank. In a statement to Tadawul, the company said the funding period lasts until Oct. 31, 2025, and the credit will be used to finance working capital. The...

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Business & Money | Thursday 26 December, 2024 11:15 am

Al Arabia wins advertising deal for King Abdulaziz Transport Project

Arabian Contracting Co. (Al Arabia) was awarded, on Dec. 25, a 10-year project by the Royal Commission for Riyadh City (RCRC) to invest in and lease the internal advertising spaces within the King Abdulaziz Project for Riyadh Public Transport, including the trains and buses. According to...

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Technology & IT | Thursday 26 December, 2024 9:48 am

Discover the HONOR X9c and X9c Smart: Built for Durability and Performance

When it comes to choosing the right smartphone, both the HONOR X9c and the HONOR X9c Smart are excellent choices to consider. By combining a robust design with advanced features, both smartphones offer an elevated smartphone experience while being tailored to slightly different needs. These subtle...

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Business & Money | Wednesday 25 December, 2024 8:49 am

Edarat receives Islamic facility from SAB at SAR 18M

Edarat Communication and Information Technology Co. inked on Dec. 24, a Shariah-compliant credit facility agreement with Saudi Awwal Bank (SAB) at SAR 18 million, according to a statement to Tadawul. The agreement included a medium-term, three-year facility at SAR 8 million to finance the...

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Business & Money | Wednesday 25 December, 2024 8:45 am

Bank AlJazira plans to issue SAR-denominated Additional Tier 1 Sukuk

Bank AlJazira plans to issue a SAR- denominated additional Tier 1 Sukuk through a private placement in Saudi Arabia, aligning with its SAR 5 billion additional Tier 1 Sukuk issuance program, according to a statement to Tadawul. The bank mandated AlJazira Capital,...

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Business & Money | Tuesday 24 December, 2024 10:36 am

Jana Medical secures SAR 76.1M credit facility with Riyad Bank

Jana Medical Co. signed, on July 9, an Islamic financing agreement worth SAR 76.05 million with Riyad Bank, according to a statement to Tadawul today, Dec. 23. The financing is aimed to fund a project entailing the supply of 120 ambulances to government health authorities in coordination with...

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Business & Money | Tuesday 24 December, 2024 9:48 am

NWC created a guide to verifying meter information on our official website

The National Water Company (NWC) has dedicated a web page on its official website as a guide. It includes frequently asked questions “FAQs” of its customers about verifying the information of water service meters. This is done under the initiative to verify meters and link them to the national...

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Business & Money | Monday 23 December, 2024 10:14 am

Savola to repurchase additional SAR 81M sukuk

Savola Group announced today, Dec. 22, its plan to buy back an additional SAR 81 million worth of sukuk from its SAR 1 billion issuance in 2019, maturing in 2026. In a statement to Tadawul, the company said this would increase the total redeemed sukuk to 94% of the SAR 1 billion initially...

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