Business & Money | Monday 23 February, 2026 8:44 am

solutions signs SAR 519.7M contract with NWC

Arabian Internet and Communications Services Co. (solutions) signed on Feb. 19, a contract with National Water Co. (NWC) to provide managed IT services, at a total value of SAR 519.7 million (including VAT), according to a statement to Tadawul. The agreement covers the managed IT services ...

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Business & Money | Sunday 22 February, 2026 5:45 am

ROSHN inks SAR 1.3B deals to sell, develop land plots in SEDRA

ROSHN Group signed various strategic agreements to sell and develop land plots with an investment value exceeding SAR 1.3 billion. These agreements were signed in partnership with a number of local real estate developers for the establishment of residential and commercial projects within the SEDRA...

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Business & Money | Sunday 22 February, 2026 5:39 am

Acwa signs solar projects deal with Türkiye Energy Ministry

Saudi Arabia’s utility Acwa has signed a comprehensive power purchase agreement (PPA) with Turkey’s Ministry of Energy and Natural Resources to develop solar power plants with multi-billion-dollar investments. Alparslan Bayraktar, Minister of Energy and Natural Resources, said on X that...

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Business & Money | Wednesday 18 February, 2026 1:16 pm

Saudi Arabia, Qatar ink maritime, logistics MoU

Saudi Ports Authority (Mawani) and Qatar Ports Management Co. (Mwani Qatar) signed a memorandum of understanding (MoU) to enhance maritime and logistics cooperation, aiming to boost port efficiency and support regional and international trade. The agreement spans eight key areas, including...

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Business & Money | Wednesday 18 February, 2026 12:17 pm

stc group Achieves Record-High Revenues of SAR 77.8 Billion and Net Profit Growth of 12.5% After Excluding Non-Recurring Items

stc group announced its consolidated financial results for the fiscal year ended December 31, 2025, recording the highest revenues in its history at SAR 77.8 billion, reflecting a 2.5% increase compared to the previous year. Net profit rose by 12.5% after excluding non-recurring items,...

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Business & Money | Wednesday 18 February, 2026 11:21 am

AYYAN inks MoU to set up private fund for SAR 600M project

AYYAN Investment Co. signed a non-binding memorandum of understanding (MoU) with Al Rajhi Capital and Sumou Holding Co. to establish a private real estate fund to develop a mixed-use project in Riyadh’s Al Janadriyah district, with an estimated value exceeding SAR 600 million. In a ...

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Business & Money | Monday 16 February, 2026 2:16 pm

SAUDI ARABIA LAUNCHES THE HUMAN CAPABILITY INITIATIVE CONFERENCE 2026 THEMED “THE HUMAN CODE,” UNITED KINGDOM NAMED COUNTRY OF HONOR

Saudi Arabia’s Human Capability Development Program (HCDP) today announced the third edition of the Human Capability Initiative (HCI) Conference, to be held on 03–04 May 2026 in Riyadh, bringing together global leaders to drive the future of human capability development under the theme “The...

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Business & Money | Monday 16 February, 2026 1:37 pm

KHC says xAI revaluation increases NAV by SAR 11.6B

The recent merger between xAI and SpaceX will likely result in raising Kingdom Holding Co.’s (KHC) net assets value (NAV) by SAR 11.6 billion, compared to its investment in xAI’s carrying value in the most recent interim financial statements. In a statement to Tadawul, KHC said...

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Business & Money | Monday 16 February, 2026 1:36 pm

Saudi Arabia achieves 92% of labor strategy: HRSD minister

Saudi Arabia’s labor market system reached 92% of the targets set in the 2020 Labor Market Strategy, Minister of Human Resources and Social Development (HRSD) Ahmad AlRajhi said. Speaking with entrepreneurs in the Madinah region, AlRajhi said 2.5 million Saudis now work in the private...

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Business & Money | Sunday 15 February, 2026 9:30 am

Hassan Allam launches SAR 3.3B Noor Khuzam project in Riyadh

Egypt-based Hassan Allam Holding has launched the Noor Khuzam housing project in the north of Riyadh, a new residential community in partnership with Tilal Real Estate and in collaboration with the National Housing Co. (NHC). According to a company statement, the development will comprise more ...

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