The General Food Security Authority (GFSA) completed the procedures for awarding the first batch of imported wheat for 2024, amounting to 795,000 tons, for local market supply from the European Union, North and South America, Australia, and the Black Sea. Governor Ahmed Al-Faris...
Emaar The Economic City (Emaar EC) announced rescheduling a loan agreement worth SAR 1 billion with the Public Investment Fund (PIF) from 18 to 21 months, according to a statement to Tadawul today, April 1. Accordingly, the facility term will end on Nov. 19, 2024, instead of Aug. 19, 2024,...
Saudi Real Estate Co. (Al Akaria) signed on April 1 a contract with Diriyah Gate Company Limited (DGCL) for the excavation work of metro-box central, metro-box south and metro-box east. The contract—worth SAR 722.1 million, inclusive of VAT—is valid for 1,276 calendar days. The ...
Leading Saudi data management & digitalization company Master Works unveils a brand new digital arm through the launch of subsidiary Adree. As a visionary tech-driven company with offices in Saudi Arabia, where it is headquartered, Adree is on a mission to become a digital...
The Zakat, Tax and Customs Authority’s (ZATCA) new regulations for collecting Zakat offer independent Zakat treatments, encompassing various sectors such as real estate activities, construction, investment funds, insurance, financing, and others, said Hamoud Al-Harbi, official...
Electrical Industries Co. (EIC) stated that its subsidiaries, WESCOSA and Saudi Transformers Co., signed today, March 31, agreements worth SAR 158 million with Saudi Electricity Co. (SEC), according to a filing to Tadawul. Under the agreements, EIC, through its subsidiaries, will...
Insurance companies operating in the marine insurance sector are closely monitoring the Red Sea developments, to adjust pricing strategies and risk management practices when needed, Al Eqtisadiah newspaper reported, citing Adel Al-Issa, spokesperson for insurance companies in Saudi...
ACWA Power Co. signed a Power Purchase Agreement (PPA) that falls under the Public-Private Partnership law in Uzbekistan with the National Electric Grid of Uzbekistan for Nukus2 200 MW wind power project along with Battery Energy Storage System (BESS) to be set up in the Republic of...
Lumi Rental Co.’s market share in Saudi Arabia increased from 7% in 2021 to range currently between 9% to 10%, CFO Sulaiman Alrasheed told Al-Eqtisadiah newspaper. The company' generates 35% of its revenue from car leases, 33.5% from short-term rentals, while the sale of used cars represents ...
Riyadh Air will announce a deal to expand its fleet size in the near future, Osamah Al-Nuwaiser, Vice President of Marketing and Corporate Communications at Riyadh Air, revealed Expanding and diversifying Riyadh Air’s fleet and integrating it with aircraft from other companies is ...