Bonyan REIT Fund inked a Shariah-compliant credit facility deal worth SAR 500 million with Alinma Bank, fund manager Saudi Fransi Capital said in a statement to Tadawul. The agreement runs for seven years, with margins paid quarterly, beginning with a cash withdrawal for...
The Arab Energy Fund (formerly APICORP), a multilateral impact financial institution focused on the energy sector, announced today its financial results for the period ended December 31, 2023. In a statement to Argaam, the results showed that the fund achieved its highest ever net...
Huawei Saudi Arabia and the Digital Government Authority (DGA) of Saudi Arabia announced a significant collaboration in the digital transformation and emerging technologies, to enhance the accessibility, elevate the digital content and user experience of government applications on Huawei devices in ...
Gold prices jumped today, March 21, above $2,200 for the first time ever after the Federal Reserve kept interest rates unchanged and maintained its view for the number of cuts at three. Fed Chair Jerome Powell said that officials want to see more evidence that inflation is coming...
Yanbu National Petrochemical Co.’s (Yansab) shareholders approved transferring SAR 1.69 billion in statutory reserve, as per financial statements for the year ended on Dec. 31, 2023, to the retained earnings, during the extraordinary general meeting (EGM) held on March 20, according to a...
Alandalus Property Co. signed, on March 20, a lease contract for the Yasmine Alandalus office building with Expenditure & Projects Efficiency Authority at a total value of SAR 114.3 million (VAT inclusive), according to a statement to Tadawul. The lease term will start...
The of Human Ministry Resources and Social Development (HRSD) is set to unveil a decision regarding amendments to the flexible and freelance work system during the coming week or after Eid Al-Fitr, the Saudi newspaper Al Eqtisadiah reported. The newspaper stated that the...
Gautam Sashittal, CEO of King Abdullah Financial District (KAFD), said the six-station monorail will be operational by 2026, Al Eqtisadiah newspaper reported. He explained that the KAFD’s mobility strategy is based on the 10-minute city concept, where everything ...
ACES, an international neutral digital infrastructure company, is thrilled to announce the signing of a cooperation agreement with Red Sea Global (RSG) for implementing state of the art IBS - 4G/5G neutral mobile infrastructure, marking a significant leap forward in the company's mission to...
“Jazeera Paints”, the leading company in the industry of paints, colors, and construction solutions, signed a cooperation agreement with the charitable association “Tarmeem” which specializes in renovating houses for needy families in Saudi Arabia, on Thursday, March 7, 2024.This agreement...