Business & Money | Sunday 25 May, 2025 12:50 pm

NDMC launches SAR 60.3 B Sukuk offering

The National Debt Management Center (NDMC) announced the successful completion of early repurchase of a portion of the issuer's outstanding maturities for 2025, 2026, 2027, 2028, and 2029, with a total value of nearly SAR 60.4 billion. In addition, new Sukuk were issued with a total value of around ...

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Business & Money | Sunday 25 May, 2025 9:30 am

Buildnow is Now Aajil: A Bold New Chapter Empowering Saudi Businesses with Speed, Trust, and Growth

Buildnow, the Saudi-born pioneer in Micro and Small to Medium Enterprise (SME), 'Buy Now Pay Later' (BNPL) solutions, proudly announces its rebrand to Aajil (عاجل), an Arabic word meaning urgent or immediate. This change shows how the company is growing beyond one sector, helping small and...

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Business & Money | Sunday 25 May, 2025 9:22 am

Fakeeh Care inks SAR 101.8M deal to set up medical center in Jeddah

Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) signed a SAR 101.8 million contract with Advanced Horizons Contracting Co. (AHC), a wholly owned subsidiary, for the construction and finishing works of the new medical center in Jeddah’s Al Zahra District. Under the contract terms,...

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Business & Money | Sunday 25 May, 2025 9:19 am

Mobily EGM approves buyback of 2.5M shares

Shareholders of Etihad Etisalat Co. (Mobily) gave the go-ahead for repurchasing a maximum of 2.5 million shares, to be allocated for the employee share program, during the extraordinary general meeting (EGM) held on May 22. The repurchase process will be financed from the company’s ...

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Business & Money | Sunday 25 May, 2025 9:04 am

Retal shareholders nod to transfer of SAR 91.2M to retained earnings

Shareholders of Retal Urban Development Co. approved, on May 22, the transfer of SAR 83.01 million statutory reserve as of Dec. 31, 2024, to retained earnings. Retal will also transfer SAR 8.16 million from changes in the ownership of a subsidiary to retained earnings, according to a ...

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Business & Money | Sunday 25 May, 2025 9:02 am

Sumou inks SAR 680M development agreement in Makkah

Sumou Real Estate Co. announced signing, on May 22, an agreement with National Housing Co. (NHC) to develop Areem Makkah project on the land plots allocated to Sumou within Makkah Gate project, according to a statement to Tadawul Area O2 spans around 231,600 square meters, with an estimated...

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Business & Money | Sunday 25 May, 2025 9:00 am

Modon Holding, Emaar Properties, Calidus Group, Silal Food & Technology join National ICV Programme

As part of the efforts to expand the National In-Country Value (ICV) programme, a signing of four memoranda of understanding (MoUs) took place between the Ministry of Industry and Advanced Technology (MoIAT) and Modon Holding, Emaar Properties, Silal Food & Technology and Calidus Group. The...

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Business & Money | Sunday 25 May, 2025 8:54 am

17,000 Job opportunities generated by ADNOC's ICV Programme for Emiratis

ADNOC announced that its In-Country Value (ICV) Programme has contributed to the creation of 17,000 job opportunities for Emirati talent in cooperation with its strategic partners in the private sector. This reflects the significant impact and positive results the programme has achieved since its...

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Business & Money | Sunday 25 May, 2025 8:49 am

UPDATE: Global tech alliance launches 'Stargate UAE'

In the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and in a historic step forward for artificial intelligence and international collaboration, G42, OpenAI, Oracle, NVIDIA, SoftBank Group and Cisco today announced their partnership to build Stargate UAE. Stargate UAE is a...

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Business & Money | Sunday 25 May, 2025 8:45 am

Sanad, GE Aerospace sign MoU to shape future of UAE’s aerospace talent

Sanad, a leader in aerospace engineering and leasing solutions wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company, has signed a Memorandum of Understanding (MoU) with GE Aerospace, a world-leading provider of jet engines, components and systems for commercial and military...

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