Business & Money | Wednesday 8 July, 2026 8:00 am

BlueFive Capital Closes Acquisition of Substantial Stake in Sidra Capital, forming BlueFiveSidra

BlueFive Capital, a global investment platform managing $15 billion in assets, has successfully completed the acquisition of a substantial stake in Sidra Capital, a leading Shariah-compliant asset manager headquartered in Jeddah. As part of the agreement, Sidra Capital will be rebranded...

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Business & Money | Wednesday 8 July, 2026 8:00 am

Mastercard supports an SME initiative with Jarir in Saudi Arabia

Mastercard is supporting a first-of-its-kind initiative involving Jarir in Saudi Arabia that provides Mastercard SME cardholders with access to discounts on products via Jarir e-commerce platform in June 2026. The limited-period market-wide campaign features a global payments network and a...

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Business & Money | Tuesday 7 July, 2026 2:55 pm

Makkah Construction signs SAR 372M contract to renovate hotel rooms, towers

Makkah Construction and Development Co. (MCDC) signed a 19-month contract on July 6 with Roots Innovative Industrial Co. to carry out renovation works for Makkah Hotel and Towers. In a statement to Tadawul, the company said the total contract value is SAR 372 million, excluding VAT. The...

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Business & Money | Monday 6 July, 2026 7:34 pm

Knowledge Economic City secures SAR 152M loan from SAIB

Knowledge Economic City (KEC) secured SAR 152 million in Shariah-compliant financing from Saudi Investment Bank (SAIB) to complete the construction of the educational complex at KEC, according to a statement to Tadawul. The company said the educational complex will be managed and operated by...

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Business & Money | Sunday 5 July, 2026 2:16 pm

KPMG hold applications for Global Tech Innovator 2026 as Saudi startups eye the world stage

KPMG has opened applications for the sixth edition of its Global Tech Innovator (GTI) competition, the firm’s flagship search for ambitious technology companies in Saudi Arabia that are ready to scale beyond their home markets. Now in its sixth year, the GTI competition has become one of the ...

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Business & Money | Thursday 2 July, 2026 10:22 am

Retal signs SAR 123.8M deals with ROSHN to develop 163 units in Makkah

Retal Urban Development Co. signed, on July 1, two agreements with PIF-owned ROSHN Group to develop 163 residential units in AlManar Community in Makkah. In a Tadawul statement, the company said the deals value is SAR 123.83 million, noting that they are conditional agreements to purchase and...

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Business & Money | Tuesday 30 June, 2026 3:04 pm

Global Water Organization convenes one year progress meeting during Saudi Water Week

The Global Water Organization (GWO) hosted the Heads of Delegation from its eight founding Member States at the Saudi Water Week, taking place in Jeddah, Saudi Arabia from June 28 to July 2.  Representatives from Greece, Kuwait, Mauritania, Pakistan, Qatar, Saudi Arabia, Senegal and Spain ...

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Business & Money | Tuesday 30 June, 2026 3:02 pm

Cisco: 86% of Saudi Organizations Have Hit or Expect To Hit Network Capacity Limits Within Two Years Due to AI

 New research, released by Cisco in partnership with Foundry, reveals that organizations in Saudi Arabia face a two-year window before network capacity reaches its limit, as AI-driven traffic increases significantly across key AI workloads and attack surfaces expand beyond what current...

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Business & Money | Sunday 28 June, 2026 4:38 pm

NWC Participates in Saudi Water Week 2026 to Boost Sustainability and Innovation

The National Water Company (NWC) will participate in Saudi Water Week 2026, held in Jeddah from June 28 to July 2. The company’s participation stresses its pivotal role in advancing the water sector and enhancing its sustainability, and proceeding from its commitment to adopt innovative solutions ...

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Business & Money | Sunday 28 June, 2026 4:34 pm

Hamad Bin Saedan affiliate sells 74 factories for SAR 190M

Hamad Mohammed Bin Saedan Real Estate Co. stated that its 50%-owned subsidiary Moatan Al-Tasheed Co. sold industrial real estate assets for SAR 190 million, excluding taxes and commissions. The assets comprise 74 standard factories in Blocks 5 and 13 of the Industrial Gateway City project in...

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