Business & Money | Tuesday 30 December, 2025 11:44 am

Asas Makeen signs SAR 300M construction deal for Riyadh projects

Asas Makeen Real Estate Development and Investment Co. said it signed a contract with Tashied Hayat Contracting Co. to carry out construction work on several of its projects in Riyadh, with a total value of nearly SAR 300 million, excluding value-added tax.   In a...

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Business & Money | Tuesday 30 December, 2025 11:41 am

JLL sees structural shift in Riyadh real estate

Riyadh’s real estate market is undergoing a structural transformation, driven by strategic shifts, the accelerated rollout of Saudi Vision 2030 programs, and a broadening range of investment opportunities across multiple sectors, global property consultancy JLL said.   JLL added...

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Business & Money | Tuesday 30 December, 2025 11:38 am

CHUBB Arabia signs insurance contract with Saudi Electricity

CHUBB Arabia Cooperative Insurance Co. said it signed on Dec. 29 a contract with Saudi Electricity Co. (SEC) to provide various insurance coverages under agreed terms and conditions. In a statement to Tadawul, the company said the contract value does not exceed 10% of its total insurance...

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Business & Money | Tuesday 30 December, 2025 11:36 am

Alinma Retail REIT plans to repurchase 10M units as treasury units

Alinma Retail REIT’s board of directors approved on Dec. 29 the repurchase of 10 million cash units, fund manager Alinma Capital said in a statement to Tadawul.   The repurchase is aimed at holding the units as treasury units for use in asset swap transactions when acquiring new...

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Business & Money | Tuesday 30 December, 2025 11:34 am

ACWA Power inks purchase pacts to acquire wind power projects in China

ACWA Power Co. said it received a notification from ACWA Power China, on Dec. 29, regarding the signing of multiple share purchase agreements to acquire wind power projects in China. In a statement to Tadawul, the company said the projects include one operational unit with a capacity of...

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Business & Money | Tuesday 30 December, 2025 11:33 am

Southern Cement: New Jazan production line 98% complete

Southern Province Cement Co. said that the new production line at Jazan Cement Plant, which will replace the current production lines, is 98% complete.   In a statement to Tadawul, the company said trial operation has commenced in some production stages in accordance with the...

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Business & Money | Monday 29 December, 2025 3:53 pm

KPMG Expands Presence in Saudi Arabia with New Office in Madinah

KPMG Middle East has announced the opening of a new office in Madinah, marking a significant milestone in the firm’s ongoing growth. The expansion underscores KPMG’s long-term investment in the Kingdom and its dedication to serving clients and communities in one of Saudi Arabia’s...

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Business & Money | Monday 29 December, 2025 3:49 pm

Binladin EGM OKs debt conversion deal with Ministry of Finance

Binladin International Holding Group’s shareholders approved the board’s recommendation to increase capital by issuing shares to the Ministry of Finance to settle part of the company’s outstanding debts during the extraordinary general meeting (EGM) held on Dec. 28. As a result of the...

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Business & Money | Monday 29 December, 2025 3:41 pm

Azizi Developments’ Rêve in Riviera reaches 65% construction milestone

Azizi Developments, one of the UAE’s leading private developers, has announced that the construction of Rêve – its most prestigious project within the fourth phase of the French Mediterranean-inspired waterfront community in MBR City, Meydan - has now reached 65% completion. Altogether,...

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Business & Money | Monday 29 December, 2025 10:20 am

Banan signs MoU to establish Shariah-compliant private REIT

Banan Real Estate Co. said it signed a memorandum of understanding with Artal Capital and Rakan Al-Tasan to establish a Shariah-compliant private real estate investment trust (REIT) licensed by the Capital Market Authority (CMA), according to a statement to Tadawul. The fund will acquire a...

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