Business & Money | Tuesday 8 October, 2024 8:00 am

Almarai unit to acquire Jordan’s Hammoudeh Food for SAR 263M

Almarai Co.’s subsidiary Teeba Investment for Developed Food Processing signed an agreement to acquire 100% of Jordan’s Hammoudeh Food Industries for SAR 263 million, subject to certain adjustments, according to a statement to Tadawul. This acquisition strengthens Almarai’s position in...

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Business & Money | Tuesday 8 October, 2024 8:00 am

Ladun unit wins SAR 645.7M mixed-use project in Abha

Ladun Investment Co. announced that its subsidiary, Built Industrial Co. won on Oct. 6, a project by the Real Estate Development Fund (REDF) valued at SAR 645.66 million, including value-added tax. According to a statement on Tadawul, the company will implement the works of the multi-use...

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Business & Money | Tuesday 8 October, 2024 8:00 am

CMCER wins SAR 22.8M contract from Ministry of National Guard

Canadian Medical Center Co. (CMCER) was awarded a contract for the recruitment of medical staff in collaboration with the Ministry of National Guard Health Affairs, valued at SAR 22.82 million (VAT inclusive). In a statement to Tadawul, the company pointed...

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Business & Money | Tuesday 8 October, 2024 8:00 am

Saudi Re, Al-Etihad ink SAR 208.7M insurance agreement

Saudi Reinsurance Co. (Saudi Re) signed, on Oct. 6, a reinsurance contract with Al-Etihad Cooperative Insurance Co. at a total value of SAR 208.7 million. The contract entails providing insurance coverage for the financial dues of non-Saudi workers in the event of delinquency of the private...

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Business & Money | Monday 7 October, 2024 12:17 pm

From Vision to Victory: MECS+R Shopping Centre & Retailer MENA Awards Finalists Revealed

The Middle East Council of Shopping Centres & Retailers is thrilled to announce the 2024 finalists for the prestigious MECS+R Shopping Centre and Retailer MENA Awards. These awards celebrate the pinnacle of achievement in the retail and shopping centre industries across the MENA region,...

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Technology & IT | Monday 7 October, 2024 12:07 pm

Unfold, Play & Experience Gaming Like Never Before with The Thinnest & Lightest AI Foldable Smartphone HONOR Magic V3

Global technology brand HONOR, has set a new benchmark for mobile gaming in the foldable space with the release of the HONOR Magic V3. The Thinnest & Lightest AI Foldable Smartphone is not just a visual masterpiece; it’s a powerhouse designed to elevate gaming experiences to unprecedented...

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Business & Money | Monday 7 October, 2024 11:25 am

New Murabba: Pioneering a New Era of Urban Living at Expo Real

New Murabba Development Company, a Public Investment Fund company, is set to make a significant impact at Expo Real 2024, the premier real estate and investment trade fair held in Munich from October 7th to 9th. New Murabba will leverage this global platform to highlight its groundbreaking...

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Business & Money | Monday 7 October, 2024 11:18 am

National Water Company Completes Water Networks in Al-Rin Governorate Costing SAR11+ Million

The National Water Company (NWC) announced the completion of the water networks project in Al-Rin governorate, west of Riyadh, costing more than 11 million Saudi Riyals (SAR). This project comes as part of its ongoing efforts to implement its strategic plans for developing the infrastructure of...

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Technology & IT | Monday 7 October, 2024 11:16 am

Saudi-based Alinma Bank and Dell Technologies Collaborate to Enhance Financial Services Innovation through Data Center Transformation

Dell Technologies and Alinma Bank today signed a Memorandum of Understanding (MoU) to accelerate the Saudi-based bank’s digital transformation initiatives. The MoU signed during the 24 Fintech Summit in Riyadh by Mohammed Talaat, VP, KSA & Egypt at Dell Technologies and Yaser Alofi,...

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Business & Money | Monday 7 October, 2024 11:15 am

Moro Hub presents Green Certificate to Dubai Supreme Council of Energy

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), awarded the Green Certificate to Dubai Supreme Council of Energy (DSCE) in recognition of its commitment to sustainability by utilizing Moro Hub's Green Cloud for its IT...

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