Business & Money | Wednesday 19 November, 2025 1:28 pm

Partnership between former Prime Minister of the United Kingdom and the Real Estate Future Forum

As part of preparations for the fifth edition of the Real Estate Future Forum, taking place in May 2025, Forum officials met in London with Baroness Theresa May, former Prime Minister of the United Kingdom and member of the House of Lords. The meeting was held during an international tour aimed at...

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Business & Money | Thursday 25 December, 2025 9:39 am

DEWA awards major contract for critical infrastructure protection in Dubai

Dubai Electricity and Water Authority (DEWA) has awarded a major tender for the supply, installation, testing and commissioning of glass-reinforced epoxy (GRE) water pipelines to protect and divert existing services and other associated works at various locations in Dubai. The project...

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Business & Money | Thursday 25 December, 2025 9:38 am

IMKAN announces strategic acquisition of 51% stake in Majestic Marine Investments Group

IMKAN, a leading global master developer based in Abu Dhabi and a subsidiary of Abu Dhabi Capital Group (ADCG), today announced the acquisition of a 51 percent stake in Majestic Marine Investments Group LLC (Majestic Group), a leading marine engineering and marina construction company operating...

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Business & Money | Thursday 25 December, 2025 9:21 am

Dubai Customs raises intellectual property awareness through innovative workshops under “Neighborhood Councils”

Dubai Customs organized a series of special awareness workshops as part of the “Neighborhood Councils” initiative, targeting different community groups in the Umm Suqeim and Al Rashidiya areas. The initiative reflects Dubai Customs’ commitment to strengthening the culture of intellectual...

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Business & Money | Thursday 25 December, 2025 9:06 am

Alinma Retail REIT changes property manager for some assets

Alinma Retail REIT Fund will not renew the property management contract with Retail Real Estate Co. that is set to expire on Jan. 6, 2026, fund manager Alinma Capital said in a statement to Tadawul. Top Place Co. is taking over property management duties for Almakkan Mall (Hafar...

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Business & Money | Thursday 25 December, 2025 9:05 am

CGS clinches SAR 166M deal with SANAD

Consolidated Grunenfelder Saady Holding Co. (CGS) said it signed a customized solutions project contract with Saudi Aramco Nabors Drilling Co. (SANAD) on Dec. 17, valued at SAR 166.03 million, excluding VAT, according to a statement to Tadawul. The project includes the sale and...

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Business & Money | Thursday 25 December, 2025 9:03 am

ACWA Power announces SAR 2B financial close for Ras Mohaisen IWP

ACWA Power Co. said Ras Mohaisen First Water Desalination Co. (Ras Mohaisen IWP) achieved financial close, with funds secured on Dec. 24 from a consortium of local and international banks comprising Banque Saudi Fransi (BSF), Riyad Bank, The Saudi Investment Bank (SAIB), and Standard Chartered...

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Business & Money | Thursday 25 December, 2025 8:25 am

Social Development Bank Highlights Strategic Partnerships and Global Initiatives at DeveGo 2025

The Social Development Bank (SDB) hosted the second edition of the Entrepreneurship and Modern Business Practices Forum, “DeveGo 2025”, from 21 to 23 December in Riyadh. Held under the patronage of His Excellency Eng. Ahmed bin Sulaiman Al Rajhi, Minister of Human Resources and Social...

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Business & Money | Thursday 25 December, 2025 8:01 am

Balsm Alofoq wins SAR 71.8M project with RCJY

Balsm Alofoq Medical Co. received a letter of award for the operation and maintenance of primary healthcare services, Ras Al-Khair Program in Jubail Industrial City, in partnership with the Royal Commission for Jubail and Yanbu (RCJY) for a total of SAR 71.8 million. In a statement to Tadawul, ...

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Business & Money | Thursday 25 December, 2025 8:00 am

BinDawood Holding to acquire 51% of Wonder Bakery for AED 96.9M

BinDawood Holding Co. signed a share purchase agreement on Dec. 23 to acquire a 51% stake in UAE-based Wonder Bakery LLC for AED 96.9 million, according to a statement to Tadawul. The acquisition value will be subject to certain adjustments in accordance with the terms of the agreement, which...

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Business & Money | Thursday 25 December, 2025 7:10 am

Al Rasheed to supply NESR with silica sand for over SAR 1.1B

Mohammed Hadi Al Rasheed and Partners Co. signed today, Dec. 24, a contract with National Energy Services Reunited Corp. (NESR) to supply high-quality silica sand, a key component used in non-conventional gas extraction operations at the Jafurah field. In a statement to Tadawul, the company...

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