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 9:22 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 9:02 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 | Saturday 24 May, 2025 6:44 pm

ROSHN Group Launches ROSHNEXT to Drive Innovation in the Real Estate Industry

 ROSHN Group, Saudi Arabia’s leading multi-asset real estate developer and a PIF company, has launched the ROSHNEXT, the Group’s innovation arm. The program is designed to develop human-centric experiences that accelerate growth, enhance collaboration, and establish new standards within...

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Tourism & Hospitality | Saturday 24 May, 2025 6:33 pm

Saudi Arabia unveils TOURISE: A bold global platform set to redefine and shape a new horizon for tourism at scale

Saudi Arabia’s Minister of Tourism, His Excellency Ahmed Al-Khateeb officially launched TOURISE today, a bold new global platform designed to shape a new horizon and plot a shared roadmap for the next 50 years of tourism.  Built for ambition and backed by vision, TOURISE will convene a...

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Business & Money | Thursday 22 May, 2025 9:13 am

GE Vernova announces initiatives worth up to $14.2 billion during President Trump’s state visit to accelerate Saudi Arabia’s energy transition with U.S. technology and expertise

In the presence of HRH Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia and Donald Trump, President of the United States of America, GE Vernova Inc. (NYSE: GEV) announced initiatives worth up to $14.2 billion for its world class...

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Business & Money | Thursday 22 May, 2025 9:07 am

Retal signs SAR 1.4B deal to develop residential units

Retal Urban Development Co. signed a sub-development agreement with the National Housing Co. to develop 995 residential units in Al-Aziziyah district, Al-Khobar, at an estimated value of SAR 1.41 billion, excluding taxes and fees. The contract duration is 42 months from the commencement date...

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Business & Money | Thursday 22 May, 2025 9:00 am

NWC Bolsters Operations Serving Pilgrims with 18 Projects Worth SAR400 Million

The National Water Company (NWC), represented by the Western Cluster, announced the completion of 18 operational and capital projects in Makkah and the Holy Sites, costing some SAR400 million. The projects are part of the company’s plans to improve the water and environmental services...

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Business & Money | Wednesday 21 May, 2025 11:24 am

Sinad signs SAR 400M agreement to renew, upsize bank facilities with SAIB

Sinad Holding Co. signed a SAR 400 million Shariah-compliant bank facility agreement with Saudi Investment Bank (SAIB), renewing and upsizing its existing financing, the company said in a statement to Tadawul.The deal includes the renewal of a SAR 200 million short-term facility, available on...

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Business & Money | Wednesday 21 May, 2025 11:02 am

Alinma Bank issues $500M AT1 sukuk

Alinma Bank completed the issuance of additional Tier 1 (AT1) sukuk worth $500 million. In a statement to Tadawul, the bank said the sukuk will be settled on May 28, 2025. DetailsOffer TypeUS dollar-denominated AT1 sukuk under its AT1 Capital Note ProgrammeOffer Value$500 mlnTarget...

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