Business & Money | Wednesday 18 February, 2026 12:11 pm

Red Sea unit signs SAR 175.9M contract

Red Sea International Co. announced that its subsidiary, Fundamental Installation for Electric Work Co. Ltd. (First Fix), signed a subcontract on Feb. 16 with Modern Building Leaders Co. (MBL) to execute mechanical, electrical, plumbing, and civil works for one of its projects in Riyadh. The...

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Business & Money | Monday 16 February, 2026 2:55 pm

SABIC inks raw materials supply deal for PIF-Pirelli tire manufacturing JV

Saudi Basic Industries Corp (SABIC) signed an agreement with the joint venture between the Public Investment Fund (PIF) and Pirelli Tyre S.P.A. (Pirelli) to supply raw materials, including butadiene rubber and carbon black. In a statement, the company stated that the project aims to...

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Business & Money | Monday 16 February, 2026 2:14 pm

Saudi Real Estate Refinance Company Signs Deal to Boost Residential Mortgage Market Stability

 The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund (PIF) company, has signed a residential real estate finance portfolio purchase agreement with Saudi Awwal Bank (SAB).  The signing ceremony was attended by the Minister of Municipalities and Housing and SRC Board...

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Business & Money | Sunday 15 February, 2026 9:37 am

SAL renews ground handling, air cargo pact with Royal Jordanian Airlines

SAL Saudi Logistics Services Co. renewed its strategic partnership with Royal Jordanian Airlines through its ground handling division by signing an agreement to continue providing integrated ground handling and air cargo solutions. In a statement to Tadawul, SAL said the contract has no...

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Business & Money | Sunday 15 February, 2026 9:33 am

King Salman Airport signs 7 MoUs for real estate development

King Salman International Airport signed seven MoUs with leading Saudi real estate developers on the sidelines of the fourth PIF Private Sector Forum. According to SPA, the agreements were signed with Sumou Holding, Mohammed Al Habib Investment, Kinan, Ajdan, Retal, Urjwan and Osus. The...

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Business & Money | Friday 13 February, 2026 9:22 am

Alramz inks deal to develop 2 residential towers in Makkah

Alramz Real Estate Co. signed, on Feb. 12, a development agreement with Ramz Al Hijaz Fund (managed by Al Rajhi Capital) to develop two land plots, located in the King Abdulaziz Road District in Makkah, with the aim of developing and constructing two residential towers there. In a statement to ...

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Business & Money | Friday 13 February, 2026 9:19 am

Saudi EXIM, Advanced ink export credit insurance policy worth over SAR 800M

The Saudi Export-Import Bank (Saudi EXIM) signed an export credit insurance policy with Advanced Petrochemical Co., valued at more than SAR 800 million. The policy aims to cover the risk of non-payment by international buyers for petrochemical products, thus helping enhance the sustainability...

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Business & Money | Wednesday 11 February, 2026 8:54 am

NWC Completes Water Pipeline Project in Riyadh at SR 132m

As part of the second phase of the strategic water plan, the National Water Company (NWC) announced the completion of a project to install main water lines of various diameters to support the daily distribution system in several plots in the Tuwaiq West district of Riyadh, at a total cost of 132...

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Business & Money | Wednesday 11 February, 2026 8:43 am

SEDRA Community to Launch King’s College Riyadh through Partnership Between ROSHN Group and Cognita Middle East

ROSHN Group, the Kingdom’s leading multi-asset real estate developer and a PIF company, and Cognita Middle East, one of the world’s most diverse education groups, have announced a new King’s College Riyadh all-through campus in SEDRA, further extending the school’s presence in north Riyadh. ...

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Business & Money | Wednesday 11 February, 2026 8:41 am

Umm Al Qura for Development & Construction Company Concludes Participation in Real Estate Future Forum 2026

Umm Al Qura for Development & Construction Company, the owner, developer, and operator of Masar Destination in Makkah, has concluded its participation as a strategic partner in this year’s Real Estate Forum (RFF). The forum was held in Riyadh from January 26 to 28 under the patronage of His...

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