Business & Money | Thursday 8 January, 2026 3:34 pm

Opening Saudi market to all foreign investors part of phased reforms: El-Kuwaiz

The Saudi market’s opening to all categories of foreign investors is a key step in a series of phased regulatory measures, said Mohammed El-Kuwaiz, Chairman of the Capital Market Authority (CMA). Commenting on the CMA’s announcement, he noted that the move struck a balance between market...

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Business & Money | Wednesday 7 January, 2026 2:50 pm

ACWA Power completes acquisition of Engie stake in Az-Zour North power plant

Shamal Az-Zour Al-Oula Power and Water Co. received, on Jan. 6 , a notice indicating that Italy’s Engie has completed the transfer of its stake in Az-Zour North power and water plant to ACWA Power Co., according to a Boursa Kuwait statement. The transaction has no financial impact and does...

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Business & Money | Tuesday 6 January, 2026 12:45 pm

NWC issues 1st Sustainability Report on Saudi Water Sector

The National Water Company (NWC) have issued the first sustainability report. The report reviews the company's notable achievements and initiatives related to sustainability and reflects the company's commitment to environmental and social responsibility, as well as its dedication to building a...

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Business & Money | Tuesday 6 January, 2026 8:00 am

MESC renews SAR 150M credit facilities with Alinma Bank

Middle East Specialized Cables Co. (MESC) renewed today, Jan.5, a Shariah-compliant credit facility agreement worth SAR 150 million with Alinma Bank, according to a statement to Tadawul. The company said the renewed facilities were increased by SAR 50 million compared with the previous...

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Business & Money | Monday 5 January, 2026 3:14 pm

The majority of IT professionals in KSA show openness to Cyber Immunity

The cybersecurity landscape in KSA is evolving rapidly, with organizations seeking more robust ways to protect their digital assets. A recent global study conducted by Kaspersky reveals a growing shift toward proactive security strategies, particularly the adoption of Secure by Design development...

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Business & Money | Sunday 4 January, 2026 12:42 pm

Inmar receives White Land fees invoices of SAR 21.2M

Inmar Co. for Real Estate Development and Investment received, on Jan. 1, a number of invoices for white land fees totaling SAR 21.2 million, relating to lands located within the geographic zones designated for the application of the third phase of the 2026 cycle of the White Land and Vacant...

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Business & Money | Saturday 3 January, 2026 5:45 am

Riyadh Cement signs natural gas conversion contract worth SAR 59.4M

Riyadh Cement Co. signed today, Jan. 1, a contract with Chengdu Design & Research Institute’s branch for the conversion to natural gas under the Liquid Fuel Displacement Program, on an engineering, procurement, and construction (EPC) contract basis.   In a Tadawul statement,...

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Business & Money | Saturday 3 January, 2026 5:33 am

Luberef, Aramco sign MoU to assess base oil plant at Jazan refinery

Saudi Aramco Base Oil Co. (Luberef) said it signed a memorandum of understanding with Saudi Aramcoto explore potential cooperation on developing a base oil production facility at the Jazan Refinery and Petrochemical Complex.   Under the MoU, the parties will assess the feasibility of ...

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Business & Money | Saturday 3 January, 2026 5:28 am

Wafrah says new product lines to start operations in January

Wafrah for Industry and Development Co. said its new spaghetti and nested nidi pasta production lines will start commercial operations in January 2026.   In a statement to Tadawul, the company said the delay in receiving and operating the lines was due to delays in the delivery of...

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Business & Money | Thursday 1 January, 2026 11:31 am

Tibbiyah inks deal to sell interest in Innovative Healthcare for SAR 52M

Arabian International Healthcare Holding Co. (Tibbiyah) signed, on Dec. 31, 2025, a conditional share purchase agreement to sell its 51% equity interest in Innovative Healthcare Holdings Ltd. for SAR 52 million, implying an equity value of SAR 101.96 million for 100% of the company. In a...

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