Business & Money | Sunday 28 December, 2025 9:00 am

Umm Al Qura sells 2 land plots within Masar for SAR 228.4M

Umm Al Qura for Development and Construction Co., the owner, developer and operator of Masar Destination, sold two land plots within Masar for SAR 228.4 million, excluding any associated taxes and fees which are borne by the buyer.       ...

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Business & Money | Thursday 25 December, 2025 9:03 am

ACWA Power announces SAR 2B financial close for Ras Mohaisen IWP

ACWA Power Co. said Ras Mohaisen First Water Desalination Co. (Ras Mohaisen IWP) achieved financial close, with funds secured on Dec. 24 from a consortium of local and international banks comprising Banque Saudi Fransi (BSF), Riyad Bank, The Saudi Investment Bank (SAIB), and Standard Chartered...

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Business & Money | Thursday 25 December, 2025 8:25 am

Social Development Bank Highlights Strategic Partnerships and Global Initiatives at DeveGo 2025

The Social Development Bank (SDB) hosted the second edition of the Entrepreneurship and Modern Business Practices Forum, “DeveGo 2025”, from 21 to 23 December in Riyadh. Held under the patronage of His Excellency Eng. Ahmed bin Sulaiman Al Rajhi, Minister of Human Resources and Social...

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Business & Money | Thursday 25 December, 2025 8:00 am

BinDawood Holding to acquire 51% of Wonder Bakery for AED 96.9M

BinDawood Holding Co. signed a share purchase agreement on Dec. 23 to acquire a 51% stake in UAE-based Wonder Bakery LLC for AED 96.9 million, according to a statement to Tadawul. The acquisition value will be subject to certain adjustments in accordance with the terms of the agreement, which...

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Business & Money | Thursday 25 December, 2025 7:10 am

Al Rasheed to supply NESR with silica sand for over SAR 1.1B

Mohammed Hadi Al Rasheed and Partners Co. signed today, Dec. 24, a contract with National Energy Services Reunited Corp. (NESR) to supply high-quality silica sand, a key component used in non-conventional gas extraction operations at the Jafurah field. In a statement to Tadawul, the company...

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Business & Money | Wednesday 24 December, 2025 9:15 am

Red Sea signs SAR 202.8M services contract for Trojena project

Red Sea International Co. signed today, Dec. 23, a contract with Webuild S.p.A. to provide integrated facilities management services (operations and maintenance) for the Trojena project (NEOM), valued at SAR 202.8 million, excluding value-added tax (VAT). In a statement to Tadawul, the company ...

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Business & Money | Wednesday 24 December, 2025 9:09 am

Cabinet: Saudi-Qatar electric rail to boost tourism, economy

Saudi Arabia’s Cabinet affirmed, in a session held today, Dec. 23, chaired by King Salman bin Abdulaziz, that the high-speed electric railway project linking the Kingdom and Qatar will support mobility and enhance tourism and economic activity. The Cabinet said the project will become one of ...

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Government | Tuesday 23 December, 2025 3:21 pm

SAMA issues fees guide for financial institutions’ services

The Saudi Central Bank (SAMA) announced issuing the “Fees Guide for Financial Institutions' Services", which will replace the currently applicable “Banking Tariff" once it enters into force.   This step comes as part of SAMA's supervisory and regulatory role and its ongoing...

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Business & Money | Tuesday 23 December, 2025 1:31 pm

EA shareholders nod $55B PIF-led takeover: Report

Shareholders of video game company Electronic Arts (EA) approved the sale of the company to a consortium led by the Public Investment Fund (PIF) in a deal valued at $55 billion. According to Bloomberg, shareholders approved the acquisition at a price of $210 per share during a vote held on...

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Business & Money | Tuesday 23 December, 2025 1:30 pm

MODON signs over 900 industrial contracts in 2025: CEO

The Saudi Authority for Industrial Cities and Technology Zones (MODON) attracted over 900 new industrial contracts this year, including major global companies, said MODON CEO Majed Al-Argoubi.   Al-Argoubi told Asharq News that MODON also expanded its industrial land portfolio by...

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