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...

More Details

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...

More Details

Business & Money | Friday 6 June, 2025 1:37 am

Port of NEOM welcomes first automated cranes

Port of NEOM, the integrated logistics hub in Oxagon, received the first batch of fully automated, remote-controlled ship-to-shore (STS) and electric rubber-tyred gantry (eRTG) cranes. The equipment is first-of-its-kind to deploy in Saudi Arabia and will significantly accelerate handling...

More Details

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...

More Details

Business & Money | Friday 6 June, 2025 1:33 am

Asian firms in talks to list shares on Tadawul: Al-Rumaih

Several Asian companies are currently in talks to list their shares on the Saudi Exchange (Tadawul), CEO Mohammed Al-Rumaih told Reuters. These companies are evaluating opportunities to tap into the Kingdom’s diverse investor base, as Saudi Arabia is considering a new listing framework aimed ...

More Details

Government | Friday 6 June, 2025 1:28 am

1.67M pilgrims perform Hajj in 2025: GASTAT

Saudi Arabia welcomed 1.67 million pilgrims in Hajj season 2025, of whom 1.51 million came from outside the Kingdom. Domestic pilgrims, both citizens and residents, numbered 166,650.  The number of male pilgrims this year reached 877,840, while females hit 795,390.   Number ...

More Details

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,...

More Details

Government | Friday 6 June, 2025 12:09 am

Crown Prince arrives in Mina to check on Hajj facilities

Crown Prince Mohammed bin Salman, on behalf of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, arrived today, June 5, in Mina to ensure that pilgrims are receiving the services that enable them to perform their rituals with ease. The 1446 AH Hajj season commenced on...

More Details

Government | Friday 6 June, 2025 12:08 am

King Salman extends income tax on downstream operations until 2030-end

Saudi Arabia’s King Salman bin Abdulaziz issued a royal decree amending the first two clauses of royal decree No. M/13, as reported in the Official Gazette.   Application of the tax rate stipulated in Article 7/B of the Income Tax Law on companies involved in downstream operations, ...

More Details

Business & Money | Wednesday 4 June, 2025 1:01 pm

Armenia Stock Exchange joins 'Tabadul' platform

Abu Dhabi Securities Exchange (ADX) announced that the Armenia Stock Exchange (AMX) has officially gone live on the Tabadul platform, becoming the sixth market to join the region’s first-of-its-kind mutual market access platform. Tabadul was launched by ADX in July 2022 as the region's first ...

More Details