Business & Money | Monday 26 August, 2024 10:36 am

UAE non-oil foreign trade continues to set new milestones: Thani Al Zeyoudi

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, affirmed that the UAE has placed foreign trade at the centre of its economic agenda, recognising its pivotal role in driving industrial output, enhancing the global competitiveness of its products and services, as well as...

More Details

Business & Money | Monday 26 August, 2024 10:21 am

Azizi Developments, Larsen & Toubro join forces across various Dubai projects

Azizi Developments, a leading private developer in the UAE, has announced its partnership with Larsen & Toubro, the multinational conglomerate, for the supply of top-tier MEP isolators across various projects in Dubai South, MBR City, Dubai Studio City, Al Furjan, Dubai Sports City, and Dubai...

More Details

Business & Money | Monday 26 August, 2024 10:16 am

Saudia Announces Addition of Phuket to Seasonal Destinations

Saudia, the national flag carrier of Saudi Arabia, is pleased to announce the addition of Phuket to its seasonal destinations, making it the second city in Thailand to join its network, following the capital, Bangkok. This expansion aligns with Saudia’s strategic objective to broaden its...

More Details

Business & Money | Monday 26 August, 2024 10:08 am

Saudi Arabia launches Phase I of Riyadh Parking Project

The Riyadh Municipality launched Phase I of the Riyadh Parking Project that is aimed at enhancing the quality of life in the Saudi capital through organizing public parking spaces and developing smart and innovative solutions to reduce incorrect and random parking practices. The initiative...

More Details

Business & Money | Monday 26 August, 2024 10:05 am

Savola shareholders approve SAR 6B rights issue

Savola Group’s shareholders approved increasing capital via a SAR 6 billion rights issue, during the extraordinary general meeting (EGM) on Aug. 25, according to a statement to Tadawul. Capital Increase DetailsCurrent CapitalSAR 5.339 blnCurrent Number of Shares533.98 mlnNew CapitalSAR...

More Details

Business & Money | Monday 26 August, 2024 9:42 am

2P bags SAR 86M project with Ministry of Health

Perfect Presentation for Commercial Services Co. (2P) was awarded a project by the Ministry of Health to operate and maintain the digital infrastructure of 48 hospitals in the central region at a total value of SAR 85.96 million, including VAT, according to a statement to Tadawul. The contract ...

More Details

Business & Money | Monday 26 August, 2024 9:32 am

Saudi Electricity secures $4B credit facility

Saudi Electricity Co. (SEC) signed today, Aug. 25, a $4 billion (SAR 15 billion) joint revolving international credit facility agreement, the company said in a statement on Tadawul. The financiers include Abu Dhabi Commercial Bank (ADCB), Bank of America Europe, First Abu Dhabi Bank (FAB),...

More Details

Business & Money | Monday 26 August, 2024 9:30 am

Riyadh Development signs deal to set up JV with Riyadh Holding

Riyadh Development Co. signed an agreement with Riyadh Holding Co. to establish a joint venture (JV) to own the assets and play the role of the main developer and operator of the markets in the Qasr Al-Hukm area. In a statement to Tadawul, Riyadh Development said the total value of the JV...

More Details

Business & Money | Sunday 25 August, 2024 11:46 am

NMDC Group to list NMDC Energy on ADX

The Board of Directors of NMDC Group PJSC has approved to list NMDC Energy PJSC on the Abu Dhabi Securities Exchange (ADX) and sell a portion of the Group's shares in NMDC Energy PJSC through a public subscription. This came during a virtual meeting the Group's board held via video conference...

More Details

Business & Money | Sunday 25 August, 2024 10:25 am

stc declares dividend policy for 3 years at SAR0.55/share every quarter

The board of directors of Saudi telecom major stc approved, on Aug. 24, the three-year dividend policy, starting Q4 2024 and ending Q3 2027, the telecom operator said in a statement to Tadawul. The new dividend policy is subject to the approval of the upcoming general...

More Details