Business & Money | Monday 29 December, 2025 3:53 pm

KPMG Expands Presence in Saudi Arabia with New Office in Madinah

KPMG Middle East has announced the opening of a new office in Madinah, marking a significant milestone in the firm’s ongoing growth. The expansion underscores KPMG’s long-term investment in the Kingdom and its dedication to serving clients and communities in one of Saudi Arabia’s...

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Business & Money | Monday 29 December, 2025 10:20 am

Banan signs MoU to establish Shariah-compliant private REIT

Banan Real Estate Co. said it signed a memorandum of understanding with Artal Capital and Rakan Al-Tasan to establish a Shariah-compliant private real estate investment trust (REIT) licensed by the Capital Market Authority (CMA), according to a statement to Tadawul. The fund will acquire a...

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Business & Money | Monday 29 December, 2025 10:11 am

KEC announces non-renewal of CEO’s contract, names Hazem El Banna as acting CEO

Knowledge Economic City’s (KEC) board of directors decided to accept the request submitted by CEO Mohammad Al-Mubarak, on Dec. 1, not to renew his contract with the company. In a statement to Tadawul, the company said the decision, effective Jan. 1, 2026, is at Al-Mubarak’s request due to...

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Business & Money | Monday 29 December, 2025 8:30 am

Raoom signs deal to acquire factory in Hail for SAR 15M

Raoom Trading Co. said it signed a deal on Dec. 28 to acquire an existing industrial operating asset in Hail Industrial City for SAR 15 million. The asset includes a glass factory along with its operational facilities and fixed assets, the company said in a statement to...

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Government | Sunday 28 December, 2025 9:47 am

MOMAH seeks public input on regs for idle land law violations

The Ministry of Municipalities and Housing put forth the draft regulation for violations of the White Land Fees and Vacant Properties Law for public consultation on the “Istitlaa” platform until January 11, 2026. The draft regulation aims to enhance compliance with the White Land Fees and...

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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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Environment & Energy | Friday 26 December, 2025 12:16 am

NWC Completes Sanitation Project in Some of Jeddah Districts

The National Water Company (NWC), Western Cluster announced the completion of main and feeder lines for environmental services in Al Waha Districts 1, 2, and 3 in Jeddah Governorate. The project included main lines and networks exceeding 7,200 meters in length, at a cost of more than 26 million...

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Technology & IT | Friday 26 December, 2025 12:06 am

Group-IB and VAS Integrated Solutions Sign MoU to Enhance Cybersecurity Cooperation in the Kingdom

Group-IB, a leading creator of cybersecurity technologies to investigate, prevent, and fight digital crime, and VAS Integrated Solutions, a value-added distributor (VAD) of leading brands, providing integrated IT solutions to the various market verticals, have signed a Memorandum of Understanding...

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Technology & IT | Friday 26 December, 2025 12:00 am

Kaspersky research shows blocks in Telegram are pushing the underground out

Modern messengers, such as WhatsApp, Telegram, Signal and others, are often used for illicit purposes. Kaspersky Digital Footprint Intelligence has conducted an in-depth monitoring of over 800 blocked cybercriminal Telegram channels between 2021 and 2024. While a range of illegal activities...

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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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