Business & Money | Sunday 23 November, 2025 10:41 am

SISCO unit wins SAR 133.5M project from NWC

Sustained Infrastructure Holding Co. (SISCO) said its 50%-owned subsidiary, International Water Distribution Co. (Tawzea), received a project awarded notice from the National Water Co. (NWC) valued at SAR 133.5 million, excluding VAT. The SISCO unit will undertake the operation and maintenance ...

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Business & Money | Thursday 20 November, 2025 11:00 am

Seera decides to sell Kayanat project, expects SAR 590M in exit proceeds

Seera Group Holding announced the approval of the sale of the Kayanat Central business park by the board of directors of Kayanat Fund — a private real estate fund managed by Alistithmar Capital and created to develop the project, in which Seera is an investor. The sale is set to proceed once ...

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Business & Money | Thursday 20 November, 2025 9:04 am

Valetax Stands Out as Multi-Award Winner at Jeddah Fintech Week 2025

Valetax marked a major milestone with a powerful presence at Jeddah Fintech Week 2025, held on 16 and 17 November at the Jeddah Hilton Hotel. As the Official Sponsor, the company delivered an impactful showcase that strengthened its relationships with traders, partners, and fintech professionals...

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Business & Money | Wednesday 19 November, 2025 5:25 pm

Partnership Between Madinet Masr and Waheej Real Estate Launches “Citydom” and Explores Land Acquisition in Al-Janadriyah

Madinet Masr (EGX Code: MASR.CA) – one of Egypt’s leading real estate developers – and Waheej Real Estate – one of the fastest-growing Saudi real estate developers – announced the official launch of Citydom, the jointly owned real estate entity established between both parties. This...

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Business & Money | Wednesday 19 November, 2025 4:20 pm

Saudi Arabia's Global Airports Forum (GAF) Receives 200 Nominations from 23 Countries for Airport Excellence Awards

The Global Airports Forum (GAF), taking place in Riyadh on December 16 and 17, has received an impressive 200 nominations from 23 countries for the 3rd Airport Excellence Awards. Organized by Niche Ideas and held under the main sponsorship of Matarat Holding, GAF recognizes outstanding innovation,...

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Business & Money | Wednesday 19 November, 2025 2:15 pm

Ghanem Raises USD 7.1 Million from Al-Romaih Group to Develop Fractional Ownership Solutions in the Saudi Real Estate Market

Ghanem, the digital real estate platform specializing in fractional ownership solutions, announced the closure of a funding round worth USD 7.1 million from Al-Romaih Group, one of the Kingdom’s leading investment groups with extensive experience in the real estate and financial...

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Business & Money | Wednesday 19 November, 2025 9:00 am

National Water Company Completes Phase II of Water Networks in Al-Rin Governorate at a Cost Exceeding SAR16 Million

As part of its ongoing efforts to enhance the water services system, the National Water Company (NWC) announced the completion of Phase II of the water networks project in Al-Rin governorate in the Riyadh region. The project aims to support the infrastructure of both water and environmental...

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Business & Money | Wednesday 19 November, 2025 9:00 am

Riyadh Air selects CFM LEAP engines for launch of new A321neo fleet

Riyadh Air today announced a firm order for 120 CFM International LEAP-1A engines to power 60 Airbus A321neo family aircraft ordered last year. A signing ceremony took place at the Dubai Airshow today between Adam Boukadida, CFO of Riyadh Air and Stéphane Cueille, CEO of Safran Aircraft Engines,...

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Business & Money | Tuesday 18 November, 2025 12:55 pm

Masar wraps up sale of 2 land plots, books SAR 148.1M gains

Umm Al Qura for Development and Construction Co. (Masar) completed the sale of two land plots to Shulat Al-Wadi Real Estate Co., a special purpose vehicle (SPV) of a real estate fund managed by SEDCO Capital, within the Masar Destination project, for a total agreed sale value of SAR 328.8...

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Business & Money | Monday 17 November, 2025 2:11 pm

MIS wins SAR 190.5M project with NCM

Al Moammar Information Systems (MIS) won, on Nov. 16, a project valued at nearly SAR 190.5 million, including VAT, from the National Center for Meteorology (NCM), according to a Tadawul statement. The project is to provide IT system services for all NCM sites, ensuring that all...

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