Business & Money | Wednesday 22 October, 2025 1:24 pm

Al-Quwaiz suggests reviewing foreign ownership next

Mohammed Al-Quwaiz, Chairman of the Capital Market Authority (CMA), said that after canceling the Qualified Foreign Investor (QFI) system and opening the main market (TASI) to all non-resident foreign investors, the next step will be reviewing foreign ownership limits, currently set at 10% per...

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Business & Money | Wednesday 22 October, 2025 1:20 pm

Arabian Dyar and MODON Sign Strategic Agreement to Develop Over 90 Ready-Made Factories in Jeddah

Arabian Dyar Real Estate Development Company has signed a strategic partnership with the Saudi Authority for Industrial Cities and Technology Zones (MODON) to develop and construct ready-made factories in Jeddah, advancing its expansion into Saudi Arabia’s industrial and logistics...

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Business & Money | Wednesday 22 October, 2025 9:26 am

MIS wins 2 projects worth SAR 151.9M from SDAIA

Al Moammar Information Systems Co. (MIS) said it bagged two projects from the Saudi Data & AI Authority (SDAIA) worth SAR 151.9 million, inclusive of value-added tax (VAT). The first project aims to deliver IT products and services compatible with the National Information Center’s...

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Business & Money | Tuesday 21 October, 2025 9:56 am

MIS wins SAR 98M project with SDAIA

Al Moammar Information Systems Co. (MIS) announced on Oct. 20 the award of a project with the Saudi Data & AI Authority (SDAIA) for SAR 98.04 million, inclusive of value-added tax (VAT). In a statement to Tadawul, the company said the project aims to deliver IT services and products,...

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Business & Money | Monday 20 October, 2025 10:37 am

Rail transport ‘key’ for national development, economic support: Minister

Minister of Transport and Logistics Services Saleh Al-Jasser stated that rail transport through modern trains is a fundamental pillar of development and a key driver of the national economy. This is because it facilitates trade and mining activities; expands sustainable transport options to...

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Business & Money | Monday 20 October, 2025 9:15 am

Sumou signs SAR 135M infrastructure development deal in Jeddah

Sumou Real Estate Co. signed on Oct. 19 a management, development, and implementation agreement for infrastructure works at a project in Jeddah’s Obhur Al Shamaliyah district, covering a total area of 960,000 square meters. The agreement was signed with Diyar Real Estate Development Fund...

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Business & Money | Sunday 19 October, 2025 2:52 pm

REGA detects 18 violations in rental relationship regs in Riyadh

The Real Estate General Authority (REGA) announced that it has detected a number of violations of rental relationship regulations in Riyadh, as part of its oversight efforts to ensure compliance with regulations and maintain balance in the market. The authority received 268 reports, with...

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Business & Money | Sunday 19 October, 2025 12:58 pm

BSF plans to redeem SAR 5B sukuk

Banque Saudi Fransi (BSF) announced plans to redeem its additional Tier 1 capital sukuk worth SAR 5 billion, on Nov. 3, 2025, in full, at face value. In a statement to Tadawul, the bank said that the sukuk were issued on Nov. 3, 2020, in the aggregate face amount of SAR 5 billion, qualifying...

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Business & Money | Sunday 19 October, 2025 12:49 pm

ACWA Power, SEC reach financial close for SAR 10.8B Qurayyah IPP

Saudi Electricity Co. (SEC) and ACWA Power Co. said that Hajar Two Electricity Co., the Project Company, achieved financial close on the 3,010-megawatt (MW) Qurayyah Combined-Cycle Gas Turbine (CCGT) Independent Power Plant (IPP) expansion project in the Eastern Province of Saudi Arabia. In...

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Business & Money | Thursday 16 October, 2025 9:14 am

SMC signs SAR 1.1B credit facility agreement with SAB

Specialized Medical Co. (SMC) signed a SAR 1.1 billion Shariah-compliant credit facility agreement with Saudi Awwal Bank (SAB) with competitive terms and conditions, according to a Tadawul statement. The company obtained the credit facility on Oct. 15, which includes long-term facilities worth ...

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