Business & Money | Tuesday 8 April, 2025 1:20 pm

2P signs SAR 20M operations, maintenance deal with Sports Boulevard

Perfect Presentation for Commercial Services Co. (2P) signed a contract on March 27 to operate and maintain technical systems in Zones 1 and 5 of the Sports Boulevard Project, under a framework agreement with a financial ceiling of nearly SAR 20 million, inclusive of VAT. In a statement...

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Business & Money | Tuesday 8 April, 2025 1:17 pm

ADES renews Saudi offshore platform contract for 10 years at SAR 1.09B

ADES Holding Co. renewed the contract for one of its suspended offshore platforms in Saudi Arabia for a period of 10 years, for approximately SAR 1.09 billion ($290 million). This is one of the six platforms that were earlier suspended in Saudi Arabia, ADES said in a statement to...

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Business & Money | Monday 7 April, 2025 12:24 pm

Saudi sports sector holds SAR 32B market value: Assistant Minister

Saudi Arabia’s sports sector currently holds a market value of nearly SAR 32 billion, up from less than SAR 5 billion in 2016 when the Vision 2030 was launched, Assistant Minister of Investment Ibrahim Almubarak stated. Speaking at the 2025 Sports Investment Forum, Almubarak noted that the...

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Business & Money | Monday 7 April, 2025 12:18 pm

Arabian Drilling acquires SAR 260M self-elevating offshore service platform

Arabian Drilling Co. (ADC) acquired, on April 6, a new self-elevating offshore service platform at an approximate value of SAR 260 million, inclusive of modification and transportation costs. In a statement to Tadawul, the company said the new platform aims to strengthen its offshore drilling...

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Business & Money | Monday 7 April, 2025 12:03 pm

NEOM Green Hydrogen Company Announces Second Major Recruitment Drive for World's Largest Green Hydrogen Plant

NEOM Green Hydrogen Company (NGHC) has announced its biggest recruitment drive for 2025, featuring a Virtual Career Fair on 18 and 19 April 2025. This initiative aims to attract top talent for its Operations & Maintenance (O&M) team which will run the world’s largest green hydrogen plant...

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Business & Money | Sunday 6 April, 2025 1:22 pm

Saudi banks’ T-bond investments rise to SAR 606.5B in February

Saudi banks’ investments in treasury bonds increased by about SAR 7.5 billion month-on-month (MoM) to SAR 606.5 billion in February 2025, data from the Saudi Central Bank (SAMA) showed. Government bonds made up 74% of banks' total claims on the public and quasi-public sectors in Saudi...

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Business & Money | Sunday 6 April, 2025 9:47 am

ACWA Power starts commercial ops at Uzbekistan's 2 wind power plants

ACWA Power Co. received notifications, on April 3, from the project companies of both the 500 megawatts (MW) Dzhankeldy Wind Farm and the 500 MW Bash Wind Farm in Uzbekistan, confirming the issuance of commercial operation certificates for their full production capacity, according to...

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Business & Money | Saturday 5 April, 2025 11:51 am

Elm inks SAR 1.9B banking facilities agreement with SNB

Elm Co. signed, on March 27, a SAR 1.9 billion Shariah-compliant banking facilities agreement with Saudi National Bank (SNB). In a statement to Tadawul, the company said that the financing period is five years, and the step aims at funding expansions and acquisitions. The credit is...

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Business & Money | Saturday 5 April, 2025 11:48 am

Al Arabia signs MoU with Multiply Group to invest in outdoor advertising

Arabian Contracting Co. (Al Arabia) signs a memorandum of understanding (MoU) with Multiply Group's media vertical for the creation of a joint entity to invest in the global out-of-home advertising sector, strengthen global presence and support expansion plans into international...

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Business & Money | Friday 4 April, 2025 11:41 am

Automechanika Riyadh, returns as Saudi Arabia’s automotive aftermarket sector accelerates towards USD34 billion by 2033

Saudi Arabia’s leading regional trade show for the automotive aftermarket sector will be held at RICEC from 28-30 April The largest edition of the event to date will showcase exhibitors from 32 countries across five halls and will welcome 19,000 visitors The event will feature returning ...

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