Business & Money | Wednesday 23 October, 2024 10:20 am

Sure inks SAR 10M IT operation contract with NCNP

Sure Global Tech Co. signed on Oct. 22 a one-year IT operation and support project contract with National Center for Non-Profit Sector (NCNP) for SAR 10 million, inclusive of VAT, the company said in a statement to Tadawul. Under the contract, Sure will build a managed information technology...

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Business & Money | Wednesday 23 October, 2024 10:17 am

Mastercard Supports Transformation of Saudi Arabia’s Digital Payment Ecosystem with the Launch of Local Technology Infrastructure

Mastercard announced the launch of world class technology infrastructure in Saudi Arabia that will enable the processing of ecommerce transactions locally, providing a seamless and secure payments experience for both Mastercard partners and consumers, supporting the acceleration of the Kingdom’s...

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Business & Money | Wednesday 23 October, 2024 10:03 am

Wallan Trading Company and ZEEKR Open the First ZEEKR Showroom for Premium Electric Cars in Riyadh, Saudi Arabia

Wallan Trading Company, in partnership with ZEEKR, has officially opened the doors to the first ZEEKR showroom on the Northern Ring Road in Riyadh. The opening ceremony was attended by Fahad Al-Wallan, Chairman of Wallan Holding Company, alongside Mr. Cannon Wang, Managing Director of ZEEKR MEA...

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Business & Money | Tuesday 22 October, 2024 10:34 am

Al Akaria’s Binyah signs SAR 660.4M contract for Green Riyadh

Saudi Real Estate Co. (Al Akaria) announced that its subsidiary Saudi Real Estate Infrastructure Co. (Binyah), signed on Oct. 20, a contract for the treated sewage effluent (TSE) network for the Green Riyadh Program - Group 11 with the Royal Commission for Riyadh City...

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Business & Money | Tuesday 22 October, 2024 10:31 am

Landmark Partnership: Sanofi and NUPCO sign the offtake agreement to transfer the technology and localize insulin production in Saudi Arabia to enhance national drug security

Under the Patronage of His Excellency Mr. Fahad bin Abdulrahman Al-Jalajel, the Minister of Health, His Excellency Mr. Bandar bin Ibrahim Al-Khorayef, the Minister of Industry and Mineral Resources, and His Excellency Engineer Khaled bin Abdulaziz Al Faleh, the Minister of Investment, the offtake...

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Business & Money | Tuesday 22 October, 2024 10:26 am

Cenomi Retail EGM nods to maintaining non-core brand sale program

Shareholders of Fawaz Abdulaziz Alhokair Co. (Cenomi Retail) approved on Oct. 21 the board's recommendation for the company to push ahead with its program of selling non-core brands. In a statement to Tadawul, the company said that the board was authorized to take any actions necessary...

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Business & Money | Tuesday 22 October, 2024 10:22 am

GO wins SAR 127.65M projects

Etihad Atheeb Telecommunication Co. (GO) was awarded two projects from Detecon Al Saudia Co. LTD. for ICT Services (DETASAD) at a total of SAR 127.65 million,  including VAT. In a statement to Tadawul, the telecom operator said the projects aim to provide dedicated internet...

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Business & Money | Monday 21 October, 2024 9:53 am

Osool & Bakheet renews SAR 50M Shariah-compliant loan with BSF

Osool & Bakheet Investment Co. renewed a SAR 50 million Shariah-compliant loan agreement with Banque Saudi Fransi (BSF), according to a statement to Tadawul. The credit facility, which was secured on Aug. 7, 2024, with a maturity date on Aug. 6, 2025, was guaranteed by a promissory note...

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Business & Money | Monday 21 October, 2024 9:41 am

Al Yamamah Steel inks SAR 309M supply contracts

Al Yamamah Steel Industries Co. signed, on Oct. 20, a one-year contract with Larsen & Toubro Saudi Arabia (L&T) for SAR 170.5 million, according to a statement to Tadawul. Under the contract, Al Yamamah Steel will provide L&T with steel towers for the construction of a 500 KV...

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Business & Money | Monday 21 October, 2024 9:06 am

Saudia Signs Agreement with The Ministry of Human Resources and Social Development

Saudia, the national flag carrier of Saudi Arabia, and the Ministry of Human Resources and Social Development (HRSD) have signed an agreement to provide exclusive benefits to the beneficiaries of the HRSD’s employee loyalty program “DOAM”.  Under the patronage of H.E....

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