Business & Money | Tuesday 20 May, 2025 8:07 am

Purity inks SAR 3.5M contract with RCHSP in Jubail

Purity Tech Co. inked a SAR 3.47 million contract, including VAT, with the Royal Commission Health Services Program (RCHSP) in Jubail on May 15, the company said in a statement to Tadawul. The 12-month agreement covers the development and maintenance of the unified enterprise resources system...

More Details

Business & Money | Tuesday 20 May, 2025 7:57 am

SPGA denies rumors about residential land distribution in Riyadh

The State Properties General Authority (SPGA) denied rumors regarding the distribution of residential land plots in Riyadh. In a statement, the authority emphasized that all major initiatives and development projects are only announced through official channels. SPGA urged the public to...

More Details

Business & Money | Monday 19 May, 2025 10:50 am

Alinma Bank plans USD-denominated AT-1 sukuk

Alinma Bank plans to issue USD-denominated additional Tier 1 (AT1) sukuk, following a May 5 board resolution authorizing the CEO to take all necessary steps to execute the issuance. In a statement to Tadawul, the bank said the sukuk will likely be issued through a special purpose vehicle...

More Details

Business & Money | Monday 19 May, 2025 10:36 am

2P wins SAR 60.6M project from Saudi Red Crescent

Perfect Presentation for Commercial Services Co. (2P) secured a SAR 60.6 million contract, inclusive of VAT, from the Saudi Red Crescent Authority to supply and implement computer equipment and digital infrastructure across its affiliated sites. In a statement to Tadawul, 2P said the project...

More Details

Healthcare | Sunday 18 May, 2025 3:10 pm

Saudi Signage & Labelling Expo and Saudi Paper & Packaging Expo unite top local and international companies, amid fast-growing market demand

As Saudi Arabia’s signage, labelling, paper and packaging industries continue their growth trajectory driven by investments in smart city infrastructure, retail expansion and tourism development, Saudi Signage & Labelling Expo and the inaugural Saudi Paper & Packaging Expo return to...

More Details

Business & Money | Sunday 18 May, 2025 9:35 am

Avalon Pharma renews SAR 50M credit agreement with Alinma Bank

Middle East Pharmaceutical Industries Co. (Avalon Pharma) renewed its SAR 50 million credit facility agreement with Alinma Bank to support its working capital and capital expenditure. In a statement to Tadawul, the company said the one-year facility was obtained on May 15, 2025. The...

More Details

Business & Money | Sunday 18 May, 2025 9:05 am

Saudia Expands AlFursan Loyalty Program through Strategic Partnership with Al-Dawaa Medical Services

Saudia, the national flag carrier of Saudi Arabia, announced a new partnership between its AlFursan Loyalty Program and Al-Dawaa Medical Services Co. (DMSCO), one of the Kingdom’s leading healthcare providers. This collaboration underscores AlFursan’s ongoing efforts to expand its partner...

More Details

Business & Money | Saturday 17 May, 2025 4:41 pm

BlackRock and PIF continue strategic collaboration to further develop and accelerate growth of capital markets in Saudi Arabia

BlackRock Saudi Arabia and PIF today signed a non-binding letter of intent at the Saudi-U.S. Investment Forum to formalize their strategic collaboration through potential new allocations to the BlackRock Riyadh Investment Management (BRIM) platform. Established in April 2024 with an initial...

More Details

Business & Money | Saturday 17 May, 2025 4:29 pm

The Inaugural Downtown Design Riyadh Opens Next Week

Downtown Design Riyadh’s inaugural edition will take place from 20-23 May 2025 in the creative hub of JAX District. Held in partnership with the Architecture and Design Commission of Saudi Arabia’s Ministry of Culture, the fair marks a defining moment for the Kingdom’s evolving creative...

More Details

Technology & IT | Saturday 17 May, 2025 4:10 pm

Cisco Expands Partnership with Saudi Arabia to Power the AI Future

Cisco, the global leader in networking and security, today announced a groundbreaking initiative with HUMAIN – Saudi Arabia’s new AI enterprise – to help build the world’s most open, scalable, resilient and cost-efficient AI infrastructure.  This landmark collaboration will set a...

More Details