Business & Money | Wednesday 14 January, 2026 4:06 pm

Saudi Arabia launches mining infrastructure initiative

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef announced the launch of the Mining Infrastructure Enablement Initiative in collaboration with the Saudi Authority for Industrial Cities and Technology Zones (MODON), including the first 75-kilometer treated water pipeline...

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Business & Money | Wednesday 14 January, 2026 3:57 pm

Mining ‘profitable sector,’ key to economic diversification: Al-Falih

Minister of Investment Khalid Al-Falih said mining is a profitable sector, citing the robust performance and profitability of Saudi Arabian Mining Co. (Maaden), adding that the market has rewarded the company through its share price. Speaking during a session at the Future Minerals Forum,...

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Business & Money | Wednesday 14 January, 2026 3:51 pm

PIF, RSAH sign initial terms for aluminum complex

The Public Investment Fund (PIF) signed today, Jan. 14, preliminary terms with Red Sea Aluminium Holdings (RSAH) to develop an advanced, fully integrated aluminum complex in Yanbu, western Saudi Arabia. RSAH is a joint venture between Innovation Global Industries, Innovation New...

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Business & Money | Tuesday 13 January, 2026 10:59 am

Arabian Drilling extends 3 land rig contracts with Aramco for SAR 1.4B

Arabian Drilling Co. signed today, Jan. 13, three contract extensions for land rigs with a total value of SAR 1.4 billion, adding 25 rig years to its backlog, according to a statement to Tadawul. One rig is operational, the second will start operations by the end of January, and the third is...

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Business & Money | Tuesday 13 January, 2026 10:07 am

Mouwasat approves new hospital project worth SAR 900M in Riyadh

Mouwasat Medical Services Co.’s board of directors approved today, Jan. 12, the establishment of a new hospital in Riyadh’s Al-Narjis district. The new hospital will encompass 280 beds and specialized medical centers, at a total cost of SAR 900 million, according to a statement to...

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Business & Money | Monday 12 January, 2026 11:33 am

Al-Falih: Blue hydrogen exported to Japan, green hydrogen exports poised to begin

Minister of Investment Khalid Al-Falih said that Saudi Arabia was the first country to export blue hydrogen to Japan and is preparing to start exporting green hydrogen soon from the largest green hydrogen plant in NEOM, developed by ACWA Power. Speaking at the Saudi–Japan Ministerial...

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Business & Money | Monday 12 January, 2026 11:09 am

Major shift seen in opening real estate, financial markets to foreigners in 2026: Al-Falih

Minister of Investment Khalid Al-Falih said that Saudi Arabia will witness a major transformation in 2026 in opening its real estate and financial markets to foreign investors. Speaking during his participation in the Saudi–Japanese Ministerial Investment Forum, Al-Falih noted that the...

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Business & Money | Sunday 11 January, 2026 1:02 pm

Al Akaria unit signs SAR 550M credit facility with Alinma Bank

Saudi Real Estate Co.’s (Al Akaria) subsidiary, Saudi Real Estate Infrastructure Co. (Binyah), signed a Shariah-compliant credit facilities agreement valued at SAR 550 million with Alinma Bank, according to a Tadawul statement. The credit facilities have a one-year tenor and are...

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Business & Money | Sunday 11 January, 2026 12:59 pm

Bank Albilad completes issuance of $500M AT1 sukuk

Bank Albilad completed the issuance of USD-denominated additional tier 1 (AT1) capital sukuk worth $500 million. In a statement published on Tadawul, the bank said that settlement of the sukuk issuance will take place on Jan. 15. Sukuk Issuance Details TypeUSD-denominated AT1...

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Business & Money | Sunday 11 January, 2026 11:38 am

SAL signs SAR 233M contract to develop Jeddah ground terminal Phase II

SAL Saudi Logistics Services Co. signed Jan. 8, a contract with Contracting & Construction Enterprises Co. (CCE) to carry out the construction works for the development of the SAL terminal at King Abdulaziz International Airport (KAIA) in Jeddah, with a total value of SAR 233 million,...

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