Business & Money | Sunday 28 December, 2025 9:29 am

Alamar Foods signs SAR 30M credit facility with SAB

Alamar Foods Co. signed today, Dec. 28, signed a Shariah-compliant credit facility worth SAR 30 million with Saudi Awwal Bank (SAB), the company said in a statement to Tadawul. The one-year facility aims to support the company’s financing needs and enhance the efficiency of its liquidity...

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Business & Money | Sunday 28 December, 2025 9:04 am

ACWA Power signs SAR 1.5B desalination deal in Azerbaijan

ACWA Power Co. signed, on Dec. 27, a public-private partnership (PPP) agreement, along with several related agreements, to develop the first large-scale seawater reverse osmosis (SWRO) desalination plant in the Caspian Sea in Azerbaijan, valued at approximately SAR 1.5 billion ($400...

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Business & Money | Sunday 28 December, 2025 9:00 am

Umm Al Qura sells 2 land plots within Masar for SAR 228.4M

Umm Al Qura for Development and Construction Co., the owner, developer and operator of Masar Destination, sold two land plots within Masar for SAR 228.4 million, excluding any associated taxes and fees which are borne by the buyer.       ...

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Business & Money | Friday 26 December, 2025 12:00 am

Social Development Bank Concludes the Second Edition of DeveGO25 Forum with 25,000 Participants

The Social Development Bank (SDB) concluded the second edition of the Entrepreneurship and Modern Business Practices Forum, “DeveGo 2025”, announcing the achievement of high-impact outcomes that further reinforced the forum’s position as the largest national platform in the region...

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Business & Money | Friday 26 December, 2025 12:00 am

Social Development Bank Concludes the Second Edition of DeveGO25 Forum with 25,000 Participants

The Social Development Bank (SDB) concluded the second edition of the Entrepreneurship and Modern Business Practices Forum, “DeveGo 2025”, announcing the achievement of high-impact outcomes that further reinforced the forum’s position as the largest national platform in the region...

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Business & Money | Thursday 25 December, 2025 9:44 am

ADQ closes $5 billion financing deal with Asian financial institutions

ADQ, an active sovereign investor focused on critical infrastructure and global supply chains, on Wednesday announced the successful closing of its debut five-year, US$5 billion syndicated term financing deal in the Greater China region.Due to strong demand from financial institutions in China, the ...

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Business & Money | Thursday 25 December, 2025 9:43 am

UAB successfully concludes AED1.0 billion, 2-year Senior Unsecured Dual Tranche Term Loan Facility

United Arab Bank (UAB) announced the successful conclusion of its AED1.0 billion, 2-year Senior Unsecured Dual Tranche Term Loan Facility. The new facility further strengthens UAB’s balance sheet by enhancing its ability to support clients’ needs while advancing the Bank’s strategic...

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Business & Money | Thursday 25 December, 2025 9:42 am

AD Ports Group achieves highest Tier IV standard for data centre accreditation from Uptime Institute

AD Ports Group today announced it is the first global trade and logistics company to achieve Tier IV Certification of Constructed Facility, the highest standard in data centre accreditation, from the Uptime Institute – a New York-based premier certification network for data centre...

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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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