SAL Saudi Logistics Services Co.’s agreement with Tibah Airports Operation Co. for the lease of land at Prince Mohammed Bin Abdulaziz International Airport in Madinah is valued at SAR 420,000 per year, or a percentage of the revenue, whichever is higher. The percentage of the...
ROSHN Group, the PIF-owned giga-project and Saudi Arabia’s most trusted developer, has heralded a substantial increase in the capabilities of its Superapp through its latest agreement with Boxo, the Singapore-based tech firm. The two companies participated in a signing ceremony at ROSHN HQ, where ...
Prince Salman bin Sultan bin Abdulaziz, Governor of Madinah and Chairman of Al Madinah Region Development Authority, inaugurated Phase II of Prince Mohammad Bin Abdulaziz International Airport's development and expansion project. The project worth up to SAR 1.2 billion aims to...
The Ministry of Human Resources and Social Development (HRSD) invited the public and those interested to express their opinions on the draft law of criminalizing irregular practices that negatively affect the labor market. The ministry seeks the public's proposals for articles to...
SAL Saudi Logistics Services Co. and Taiba Airports signed on March 21 a 16-year agreement to establish a new air cargo terminal at Prince Mohammad Bin Abdulaziz International Airport in Madinah. The deal aims to boost the air cargo capacity at the airport and ensure the provision of...
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...