08 Shawwal 1445 - 17 April 2024
    
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Eye of Riyadh

Alpha Dhabi Holding enters into strategic partnership with ADQ
Business & Money | Tuesday 16 April, 2024 11:20 am
Alpha Dhabi Holding has announced that it will divest 49% of its subsidiary Alpha Dhabi Construction Holding (ADCH) to ADQ, an Abu Dhabi-based investment and holding company. ADH will retain a 51% shareholding in ADCH, continuing its commitment to the construction sector in strategic...
Business owners to learn how to protect business against unscrupulous employees
Technology & IT | Tuesday 16 April, 2024 10:35 am
Dubai - Conferences on internal threat protection for business owners and executives, who are willing to quickly and efficiently protect their companies against internal threats will take place on 14th of May in Dubai and on 16th of May in Abu-Dhabi. On average, companies in the Middle East region...
Ladun Investment signs SAR 573M facility with Al Rajhi Bank
Business & Money | Tuesday 16 April, 2024 9:48 am
Ladun Investment Co.’s board of directors approved signing a Shariah-compliant credit facilities agreement with Al Rajhi Bank to finance the company and affiliated Built Industrial, at a total value of SAR 573 million, according to a statement to Tadawul. The financing facility was obtained...
2P awarded SAR 46M project from Umm Al-Qura University
Business & Money | Tuesday 16 April, 2024 9:44 am
Perfect Presentation for Commercial Services Co. (2P) was awarded a project for operating the Deanship of Information Technology at Umm Al-Qura University at a total value of SAR 46 million, including value-added tax (VAT), the company said in a statement to...
Lana wins project with King Faisal Specialist Hospital for SAR 1.2M
Business & Money | Tuesday 16 April, 2024 9:37 am
Lana Medical Co. said it was awarded on April 15 the “medical and infectious waste transportation service” project at King Faisal Specialist Hospital & Research Centre in Madinah for 1,095 days. In a statement to Tadawul, Lana said it expects to sign the contract on May 1 and estimated ...
Maaden board proposes 5.69M share buyback to be held as treasury shares
Business & Money | Tuesday 16 April, 2024 9:34 am
Saudi Arabian Mining Co. (Maaden) board of directors recommended the buyback of 5.69 million ordinary shares, which will be allocated to the long-term employee stock incentive program, the company said in a statement to Tadawul today The shares will ...
ROSHN Group awards SAR 215M contract to Dar Al Arkan
Business & Money | Tuesday 16 April, 2024 9:31 am
ROSHN Group announced today, April 15, the signing of an agreement worth over SAR 215 million with partner developer Dar Al Arkan for the development of residential villas in SEDRA 1A compound. The deal comes as part of the group's efforts to further strengthen its leadership in the Kingdom's...
  Al Jouf Cement announces liquidation of EICO
Business & Money | Tuesday 16 April, 2024 9:30 am
Al Jouf Cement announced liquidating its subsidiary Eastern Industrial Co. (EICO), in which Al Jouf contributes 10% of its capital. The investment value amounts to SAR 136 million, including development expenses of SAR 6 million, the company said in a statement to Tadawul. If the liquidation...
World Bank raises Saudi Arabia's GDP growth forecasts to 5.9% in 2025
Business & Money | Tuesday 16 April, 2024 9:25 am
The World Bank raised its forecasts for Saudi Arabia's gross domestic product (GDP) growth for 2025 by about 1.7% to 5.9%, compared to its previous estimates of 4.2% in January. In its "MENA Economic Update" report, the World Bank lowered its growth forecasts for the Saudi economy in 2024 to...
Alhokair Group begins catering contract for residential complex in NEOM
Business & Money | Tuesday 16 April, 2024 9:22 am
Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) said it started providing catering services at a residential complex in NEOM, as per the timetable outlined in the award letter. The company is engaged in finalizing the site preparations and appointing qualified...
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