Business & Money | Wednesday 29 July, 2026 5:18 pm

NWC: Naming 2027 as ‘Year of Water’ Reflects Wise Leadership’s Commitment to Water Sector

Dr. Fuad bin Ahmed Alshikhmubarak, CEO of the National Water Company (NWC), affirmed that the Cabinet’s approval to designate 2027 as the “Year of Water” embodies the care and support the water sector receives from the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and...

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Business & Money | Wednesday 29 July, 2026 9:07 am

Saudi Energy signs SAR 15.8B financing facility with 7 banks

Saudi Energy Co. (SEC) signed, on July 27, a seven-year Shariah-compliant Murabaha financing facility with seven local banks, at a total value of SAR 15.8 billion. In a statement to Tadawul, the company said the financing was provided by Saudi National Bank (SNB), Al Rajhi Bank, Saudi Awwal...

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Business & Money | Tuesday 28 July, 2026 4:16 pm

Al-Hogail: Northeast Riyadh masterplan drives urban development, economic diversification

Saudi Minister of Municipalities and Housing, Majed Al-Hogail, hailed the completion of the preliminary masterplan for the Northeast Riyadh region, highlighting its supporting roles towards urban development and economic diversification. In a post on his account on the X platform, Al-Hogail...

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Business & Money | Monday 27 July, 2026 5:08 pm

PIF ‘major investor’ in Brookfield’s new PE fund, $2B raised

Brookfield announced today the first close of PIF-anchored Brookfield Middle East Partners (BMEP), a new private equity fund dedicated to investing in businesses based in Saudi Arabia and the wider Middle East region. The private equity fund raised approximately $2 billion from a group of...

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Business & Money | Monday 27 July, 2026 3:18 pm

RCRC completes preliminary northeast Riyadh master plan

The Royal Commission for Riyadh City (RCRC) completed the preliminary master plan for a 456-square-kilometer (sq km) area northeast of Riyadh, near King Khalid International Airport, Wadi Al Sulay and the Dammam and Al Janadriyah roads. The plan outlines proposed land uses under a long-term...

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Business & Money | Sunday 26 July, 2026 4:40 pm

Al Rajhi Capital launches fifth indirect finance fund worth over SAR 1.8B

Al Rajhi Capital launched its fifth indirect financing fund, with assets exceeding SAR 1.8 billion, The move reflects investor confidence in the investment solutions that the company provides in the indirect financing sector.  The fund invests in personal financing portfolios originated...

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Business & Money | Thursday 23 July, 2026 2:28 pm

Zain KSA Lunched Saudi Arabia’s First 5G advanced “5G+” Commercial Rollout for Consumers

Zain KSA, the leading digital services provider in Saudi Arabia, has announced the commercial rollout of 5G-Advanced (5G+), becoming the first company in the Kingdom to offer the technology to its customers.  The milestone builds on Zain KSA’s leadership in advancing the Kingdom’s...

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Business & Money | Wednesday 22 July, 2026 2:05 pm

MOMAH: 19M sqm of white land in Madinah entered development, trading

The Ministry of Municipalities and Housing (MOMAH) revealed that approximately 19 million square meters (sqm) of white land in the Madinah region has entered development or trading.The registered areas included 12 million sqm of land whose development has been completed, two million sqm of white...

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Business & Money | Tuesday 21 July, 2026 12:02 pm

Riyad Bank launches SAR 5B AT1 sukuk offering

Riyad Bank announced the launch of SAR-denominated Additional Tier 1 (AT1) sukuk offering, with an initial target size of SAR 5 billion.The subscription period is now open to institutional and individual investors.In a statement on Tadawul, the bank said the final issuance size will be determined...

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Business & Money | Sunday 19 July, 2026 7:05 am

PIF near to get EU nod for Electronic Arts acquisition: Report

A group of investors, including Saudi Arabia's Public Investment Fund (PIF), is set to get European Union (EU) approval under the bloc's foreign subsidy rules for its $55 billion acquisition of video game developer Electronic Arts, Reuters reported, citing people familiar with the matter. The...

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