Business & Money | Wednesday 15 April, 2026 10:26 am

Saudi Energy acquires stake in Kraken Tech, forms joint venture in Riyadh

Saudi Energy Co. signed a definitive agreement to establish a strategic partnership with Kraken Technologies Ltd., a global company specializing in AI-powered digital operations solutions for the utilities sector. The deal includes the creation of a joint venture based in Riyadh, as well as...

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Business & Money | Tuesday 14 April, 2026 8:00 am

Al-Khorayef visits Ras Al-Khair Port, inspects Maaden facilities, RCJY ops center

Minister of Industry and Mineral Resources Bandar Al-Khorayef visited Ras Al-Khair Port, several facilities owned by Maaden, and the Royal Commission for Jubail & Yanbu’s (RCJY) operations center in Ras Al-Khair Industrial City for Mining. The visit came with the aim to assess the...

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Business & Money | Monday 13 April, 2026 8:00 am

Al-Saif inaugurates Lenovo regional HQ in Riyadh

Investment Minister Fahd Al Saif inaugurated today, April 12, Lenovo’s regional headquarters (HQ) for the Middle East, Turkey, and Africa in Riyadh. This comes as part of Saudi Arabia’s push to boost its appeal as a hub for global companies. The minister said the move reflects the success...

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Business & Money | Sunday 12 April, 2026 10:12 am

ADES extends offshore rig contract in Nigeria; adds SAR 178M to backlog

Ades Holding Co. secured a one-year extension for the jack-up offshore rig Shelf Drilling Scepter contract with Chevron Nigeria, with an additional one-year extension option that remains unpriced. In a statement to Tadawul, the company said the extension adds around SAR 178 million (about...

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Business & Money | Thursday 9 April, 2026 8:00 am

Soudah Development Highlights Sustainable Achievements in 2025 Report Release

Soudah Development, a Public Investment Fund company, chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, has announced the release of its Sustainability Report 2025, which tracks progress from October 2024 to September 2025. This report...

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Business & Money | Thursday 9 April, 2026 8:00 am

Saudi Fund for Development Signs USD 15 Million Agreement with the Republic of Palau to Drive Local Economic Growth

The Saudi Fund for Development (SFD) today signed a USD 15 million development loan agreement with the Republic of Palau, marking the Fund’s first-ever development partnership in the Pacific island nation.  The agreement was signed by H.E. Sultan Abdulrahman Al-Marshad, Chief Executive...

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Business & Money | Wednesday 8 April, 2026 8:00 am

HRH Minister of Energy and HH Minister of Culture inaugurate the Black Gold Museum in Riyadh

His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy and Chairman of KAPSARC’s Board of Trustees, alongside His Highness Prince Bader bin Abdullah bin Farhan Al Saud, Minister of Culture, officially inaugurated the Black Gold Museum at KAPSARC, marking a...

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Business & Money | Wednesday 8 April, 2026 8:00 am

Al Rajhi REIT seals 2 facility deals worth SAR 2.5B with Al Rajhi Bank, SAB

Al Rajhi Capital, the fund manager of Al Rajhi REIT, announced the signing of Shariah-compliant credit facility agreements with Al Rajhi Bank and Saudi Awwal Bank (SAB), with total facility limits of SAR 1.75 billion and SAR 750 million, respectively, according to a bourse filing. Part of the...

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Business & Money | Thursday 2 April, 2026 4:52 pm

KHC acquires stake in BEV from Prince Alwaleed for SAR 255M

Kingdom Holding Co. (KHC) signed an agreement to acquire a stake in Breakthrough Energy Ventures (BEV) from Prince Alwaleed bin Talal for SAR 255 million ($68 million). In a statement to Tadawul, the company said that the estimated value of the acquired stake is $98 million (SAR 367.5...

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Business & Money | Tuesday 31 March, 2026 1:31 pm

ADES wins SAR 2.73B jackup rig contracts in Nigeria

ADES Holding Co. said it signed multi-year contracts for three jackup rigs in Nigeria, with a total estimated value of SAR 2.73 billion ($729 million), including mobilization and start-up fees and the share of its local partner. In a statement to Tadawul, the company said the contracts were...

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