Business & Money | Wednesday 12 March, 2025 10:05 am

Yaqeen Capital to arrange SLIC’s IPO on TASI

Yaqeen Capital signed today, March 11, an agreement with Saudi Leather Industries Co. (SLIC) to arrange the latter’s planned initial public offering (IPO) on the Main Market. In a statement to Tadawul, Yaqeen Capital said the process of arranging the share offering and listing takes...

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Business & Money | Tuesday 11 March, 2025 10:26 am

PIF launches Al Waha duty-free retailer

The Public Investment Fund (PIF) announced the establishment of Al Waha Duty-Free Company (Al Waha), a travel retailer and the first Saudi-owned duty-free operator. Al Waha, a wholly owned PIF company, will become a leader in travel retail and secure a greater share of passenger spending for the...

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Business & Money | Tuesday 11 March, 2025 10:23 am

CMA approves Bank Albilad’s capital hike to SAR 15B via bonus issue

The Capital Market Authority (CMA) approved today, March 10, Bank Albilad’s request to increase its capital from SAR 12.5 billion to SAR 15 billion by distributing one bonus share for every five shares owned. Eligible shareholders are those registered with the Securities Depository Center...

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Business & Money | Monday 10 March, 2025 11:24 am

Emaar EC amends plan to raise capital by converting PIF debt to new shares

Emaar The Economic City’s (Emaar EC) board of directors amended on March 8 an earlier recommendation to increase capital by converting the debt owed to the Public Investment Fund (PIF) into new ordinary shares. The board proposed increasing the amount of debt to be converted from SAR 3.97...

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Business & Money | Monday 10 March, 2025 11:19 am

ACWA Power opens innovation hub in China

ACWA Power Co. launched its first overseas innovation center in Shanghai’s Pudong New Area, China, at an initial investment of CNY 20 million ($2.8 million), according to a statement on Tadawul today, March 9.The hub will focus on five key sectors: photovoltaics, wind power, energy storage, green ...

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Business & Money | Monday 10 March, 2025 11:09 am

NWC announces the completion of sewage lines in Al-Arid district of Riyadh at SR +33m

The National Water Company (NWC), represented by its Central Cluster, announced the completion of the implementation of sewage lines in Al-Arid district, north of Riyadh, at a total cost of more than 33 million Saudi Riyals. This is part of NWC’s ongoing efforts to implement its strategic plans...

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Business & Money | Sunday 9 March, 2025 8:00 am

MAWANI launches expansion of container terminal at Jeddah Port with SAR 3B investments

The Saudi Ports Authority (MAWANI), in collaboration with DP World, launched expansion and development works for the Southern Container Terminal at Jeddah Islamic Port. This initiative aims to boost operational capabilities and increase the port’s handling capacity, with an investment value of...

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Business & Money | Sunday 9 March, 2025 8:00 am

King Salman, Crown Prince donate SAR 70M to National Campaign for Charitable Work

King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman donated SAR 40 million and SAR 30 million, respectively to the fifth edition of the National Campaign for Charitable Work through the Ehsan platform. The donation builds on the leadership's continuous support for...

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Business & Money | Sunday 9 March, 2025 8:00 am

Saudi Arabia submits Expo 2030 registration dossier to BIE

Saudi Arabia officially submitted the registration dossier for World Expo 2030 Riyadh to the Bureau International des Expositions (BIE), marking a significant milestone in the Kingdom’s preparations to host the global event, according to the Saudi Press Agency.The dossier, a crucial requirement...

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Business & Money | Friday 7 March, 2025 2:54 pm

PIF extends deadline for central business district in Riyadh: Report

The Public Investment Fund (PIF) extended the deadline for receiving bids to appoint a project management consultancy (PMC) for its upcoming central business district (CBD) on the outskirts of Riyadh, according to MEED. The CBD will include a proposed two-kilometer-high tower. The...

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