Business & Money | Thursday 12 June, 2025 4:11 pm

Anmat announces 3 contracts worth SAR 61.7M

Anmat Technology Trading Co. announced today, June 12, the signing of three separate contracts, totalling SAR 61.7 million. On May 29, Anmat signed a SAR 19.74 million contract (inclusive of VAT) with the National Center for Wildlife to establish licensing offices for wildlife trade at eight...

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Business & Money | Thursday 12 June, 2025 3:44 pm

Makkah Commission Elevates Hajj Services with Major Infrastructure and Transport Upgrades

 The Royal Commission for Makkah City and Holy Sites significantly enhanced the pilgrim experience by implementing advanced infrastructure projects, particularly in the energy and transportation sectors.In a substantial investment exceeding SAR3 billion, the commission boosted electricity...

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Business & Money | Wednesday 11 June, 2025 9:58 am

Cenomi Centers sells land plot in Al-Kharj for SAR 100M

Arabian Centres Co. (Cenomi Centers) announced the sale of a land plot to Saleh Mohammed Alsedairy in Al-Kharj city, located on the Riyadh-Al-Kharj Road, for SAR 100 million (excluding real estate transaction tax and brokerage fees). According to a statement on Tadawul, this transaction is...

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Business & Money | Tuesday 10 June, 2025 3:22 pm

Abdul Latif Jameel and Joby Agree to Explore Opportunities for Electric Aircraft in Saudi Arabia

 Abdul Latif Jameel, an 80 year-old network of diversified businesses, and Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, are announcing the signing of a Memorandum of Understanding (MoU) to explore opportunities to...

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Business & Money | Friday 6 June, 2025 1:47 am

Maaden issues circular on capital hike to buy Alcoa, AWA stakes in subsidiaries

Saudi Arabian Mining Co. (Maaden) published the shareholders’ circular regarding the company’s planned capital increase aimed at acquiring the entire shares held by Alcoa Smelting Investments Saudi Arabia B.V. in Maaden Aluminium Co., and the entire ownership of Awa Saudi Limited in Maaden...

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Environment & Energy | Friday 6 June, 2025 1:44 am

Saudi Aramco sets Arab Crude OSP for July

Saudi Aramco set the official selling price (OSP) for its Arab Light crude for July delivery to North America at $3.5 per barrel above the Argus Sour Crude Index (ASCI). For Western Europe, the Arab Light price was set at $3.25 per barrel above ICE Brent, according to a statement...

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Business & Money | Friday 6 June, 2025 1:34 am

Saudi Arabia, UAE top investors in high-quality office fit-outs: JLL

Saudi Arabia and UAE rank among the top countries globally in terms of investment in high-quality office fit-outs, a recent study by JLL revealed. The average cost in both countries exceeds $2,400 per square meter, well above the global average of $1,830, as workplaces increasingly become a...

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Business & Money | Friday 6 June, 2025 1:12 am

Derayah Financial: D360 Bank EGM OKs 27% capital hike to SAR 2.1B via SAR 450M rights issue

Derayah Financial Co. stated that the extraordinary general meeting (EGM) of D360 Bank, in which the company holds a 20% stake, approved increasing capital by 27% from SAR 1.65 billion to SAR 2.1 billion.   This is through the issuance of 45 million rights shares, at SAR 10 each,...

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Business & Money | Tuesday 3 June, 2025 11:34 am

Recognizing the World’s Most Exceptional Destinations: Nominations Now Open for the Inaugural TOURISE Awards

The TOURISE Awards officially launched today as a new global benchmark celebrating excellence in tourism destinations. Created to honor places that are shaping the future of travel, the Awards spotlight destinations delivering meaningful, memorable, and measurable value across the traveler journey. ...

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Business & Money | Tuesday 3 June, 2025 11:13 am

National Water Company Distributes Over 22 Million Cubic Meters during the First Hajj Season 2025 in Madinah

Madinah, Saudi Arabia — The National Water Company (NWC), represented by its Northwest Cluster, announced that it has completed the implementation of its operational and technical plan for water distribution and management in Madinah during the first Hajj season of 2025. The company reported...

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