Business & Money | Sunday 11 May, 2025 5:36 pm

“Areeb Capital” signs a SAR 5.8 billion financing agreement with “Saudi National Bank”

“Areeb Capital”, a prominent real estate fund management company, announced signing a new financing agreement with the “Saudi National Bank”(SNB) worth SAR 5.8 billion. This agreement will enhance the company's financing capabilities for its ambitious investment projects in the Saudi real...

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Business & Money | Sunday 11 May, 2025 2:51 pm

Tibbiyah’s unit signs SAR 67.2M contract with Health Ministry

Arabian International Healthcare Holding Co.’s (Tibbiyah) wholly owned subsidiary Al Faisaliah Medical Systems Co. (FMS) signed on May 5 a SAR 67.2 million contract with the Ministry of Health’s General Office, according to a statement on Tadawul. The contract, which was awarded on Aug. 8, ...

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Business & Money | Thursday 8 May, 2025 1:40 pm

Enma AlRawabi acquires residential and commercial block for SAR 47.2M

Enma AlRawabi Co. acquired on May 7 a residential and commercial block for a total of SAR 47.23 million, including real estate disposal tax and brokerage fees. The asset, which is located in the Al-Suwaidi Al-Gharbi district, Riyadh, spans a total area of 10,680 square meters, the company said ...

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Business & Money | Thursday 8 May, 2025 12:46 pm

Estarta Partners with Fortinet to Expand Professional Services Offering

Estarta Partners with Fortinet to Expand Professional Services Offering Estarta, a leading provider of premium outsourced technical services and software development across the Middle East, Europe, and the US, is proud to announce its strategic partnership with Fortinet, a global leader in...

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Technology & IT | Wednesday 7 May, 2025 10:40 pm

AI drives major gains in customer experience in Saudi Arabia according to new KPMG study

KPMG has released its latest Customer Experience Excellence Report – Saudi Arabia 2024–2025, unveiling how artificial intelligence is fundamentally transforming customer expectations and service delivery across the Kingdom. Based on responses from more than 1,500 Saudi consumers evaluating 96...

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Business & Money | Wednesday 7 May, 2025 2:33 pm

Tabuk launches public bus transport project

Prince Fahd bin Sultan bin Abdulaziz, Governor of Tabuk Province, inaugurated today the operational phase of the city’s public bus transport project. According to SPA, the operation includes a modern urban transport network covering five main routes spanning 136 kilometers. The network will...

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Business & Money | Wednesday 7 May, 2025 2:29 pm

Saudi Arabia aims to bring medium, large cities under public transport

Work is underway to expand the coverage of public transport projects to include most medium and large cities in Saudi Arabia, Rumaih Al-Rumaih, Deputy Minister of Transport and Logistics and Acting President of the Public Transport Authority, told News 24. Speaking after the launch of the...

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Business & Money | Tuesday 6 May, 2025 1:18 pm

Alkhorayef Water wins SAR 85.95M contract with NWC

Alkhorayef Water and Power Technologies Co. (AWPT) was awarded, on May 5, a contract to supply, install, test, and commission pumps and variable frequency drives (VFDs) in Jazan Region, with National Water Co. (NWC), for SAR 85.95 million, not including VAT. The contract is valued at SAR 85.95 ...

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Business & Money | Sunday 4 May, 2025 11:21 am

AOL signs SAR 23M deal with Saudi Electronic University

Academy of Learning Co. (AOL) signed, on April 22, an inclusive framework agreement to provide training services with the Research and Studies Institute at the Saudi Electronic University, effective for a period of three years. The agreement is aimed at utilizing a variety of the company’s...

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Environment & Energy | Saturday 3 May, 2025 9:08 am

NWC Wins Second Place in Excellence Award for Local Content Preference

The National Water Company (NWC) won second place in the Excellence Award for Local Content Preference for State-Owned Companies at the third edition of the Local Content Award presented by the Local Content and Government Procurement Authority (LCGPA) in Riyadh on Wednesday, April 30,...

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