Business & Money | Tuesday 22 October, 2024 10:26 am

Cenomi Retail EGM nods to maintaining non-core brand sale program

Shareholders of Fawaz Abdulaziz Alhokair Co. (Cenomi Retail) approved on Oct. 21 the board's recommendation for the company to push ahead with its program of selling non-core brands. In a statement to Tadawul, the company said that the board was authorized to take any actions necessary...

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Business & Money | Tuesday 22 October, 2024 10:22 am

GO wins SAR 127.65M projects

Etihad Atheeb Telecommunication Co. (GO) was awarded two projects from Detecon Al Saudia Co. LTD. for ICT Services (DETASAD) at a total of SAR 127.65 million,  including VAT. In a statement to Tadawul, the telecom operator said the projects aim to provide dedicated internet...

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Business & Money | Monday 21 October, 2024 9:53 am

Osool & Bakheet renews SAR 50M Shariah-compliant loan with BSF

Osool & Bakheet Investment Co. renewed a SAR 50 million Shariah-compliant loan agreement with Banque Saudi Fransi (BSF), according to a statement to Tadawul. The credit facility, which was secured on Aug. 7, 2024, with a maturity date on Aug. 6, 2025, was guaranteed by a promissory note...

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Business & Money | Monday 21 October, 2024 9:41 am

Al Yamamah Steel inks SAR 309M supply contracts

Al Yamamah Steel Industries Co. signed, on Oct. 20, a one-year contract with Larsen & Toubro Saudi Arabia (L&T) for SAR 170.5 million, according to a statement to Tadawul. Under the contract, Al Yamamah Steel will provide L&T with steel towers for the construction of a 500 KV...

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Business & Money | Monday 21 October, 2024 9:06 am

Saudia Signs Agreement with The Ministry of Human Resources and Social Development

Saudia, the national flag carrier of Saudi Arabia, and the Ministry of Human Resources and Social Development (HRSD) have signed an agreement to provide exclusive benefits to the beneficiaries of the HRSD’s employee loyalty program “DOAM”.  Under the patronage of H.E....

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Business & Money | Monday 21 October, 2024 8:34 am

GCCIA to Host International Forum in Collaboration with EPRI, GO15, and Med-TSO to Drive the Energy Transition Towards Net Zero

Under the generous patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province of the Kingdom of Saudi Arabia, an international forum titled ‘Powering the Future Toward Net Zero’ will be organized by the GCC Interconnection Authority (GCCIA), in...

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Business & Money | Sunday 20 October, 2024 10:51 am

PIF’s Ayar eyes new Lucid shares for SAR 1.3B

Ayar Third Investment Co., an affiliate of the Public Investment Fund (PIF), intends to buy new shares from US automaker Lucid Group in a separate private deal, Bloomberg reported. Lucid seeks to raise new funding from selling 676.5 million shares in a public offering, private placement, and...

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Business & Money | Sunday 20 October, 2024 10:45 am

APICO renews SAR 102.5M facilities agreement with SAIB

Arabian Plastic Industrial Co. (APICO) renewed a SAR 102.5 million facilities agreement with The Saudi Investment Bank (SAIB). According to a statement on Tadawul, the renewed banking facilities included a working capital facility limit of SAR 47 million for a tenure of 12 months. They...

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Business & Money | Sunday 20 October, 2024 10:35 am

MBC Group pays off SAR 497.3M loan

MBC Group Co. announced the full repayment of a SAR 497.25 million loan owed to Istedamah Holding Co., pursuant to the loan agreement dated Oct. 6, 2022, and amended on July 6, 2023, as disclosed in the prospectus. In a statement to Tadawul, the group said that the repayment was done from the...

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Business & Money | Sunday 20 October, 2024 9:43 am

Bahri Signs Murabaha Financing Agreement with Alinma Bank

Bahri, the National Shipping Company of Saudi Arabia and a global leader in maritime transportation and logistics, signed a landmark Murabaha Financing Agreement with Alinma Bank to secure financing to support its fleet modernization program.  Mr. Basil Abulhamayel, Chief Financial...

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