Business & Money | Wednesday 3 June, 2026 8:00 am

RCRC launches flexible working hours initiative

The Royal Commission for Riyadh City (RCRC), in cooperation with the Ministry of Human Resources, launched a flexible working hours initiative aimed at improving traffic flow and enhancing the efficiency of daily commuting in Riyadh. The initiative will introduce a four-hour flexible work...

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Business & Money | Monday 1 June, 2026 8:00 am

RCMC awards SAR 13.3B urban development projects

The Royal Commission for Makkah City and Holy Sites (RCMC) awarded six urban development sites in Makkah, covering a total area of more than 2.7 million square meters (sqm), with a combined value of SAR 13.3 billion. In a statement published on X, the commission said the projects are part of a ...

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Business & Money | Thursday 28 May, 2026 7:39 am

Saudi Aramco transfers PRefChem ownership to PETRONAS

Saudi Aramco and Petroliam Nasional Berhad (PETRONAS) today signed an agreement for the transfer of Aramco’s equity stakes in Pengerang Refining Company Sdn. Bhd. and Pengerang Petrochemical Company Sdn. Bhd. (collectively, “PRefChem”), located within the Pengerang Integrated Complex,...

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Business & Money | Thursday 28 May, 2026 7:34 am

1.7M pilgrims perform Hajj in 2026: GASTAT

The total number of pilgrims performing Hajj this year reached 1.71 million.According to the General Authority for Statistics (GASTAT), 1.5 million pilgrims arrived from outside the Kingdom, while the number of domestic pilgrims, including Saudi citizens and residents, stood at 160,650.Male...

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Business & Money | Thursday 28 May, 2026 7:31 am

Kingdom Holding, Prince Alwaleed’s combined stake in SpaceX may top $10.6B

Kingdom Holding Co. (KHC) said its combined stake with Prince Alwaleed bin Talal’s private office in SpaceX stands at 0.63%, with the holding valued at $8.32 billion based on a company valuation of about $1.25 trillion.KHC told Asharq Business with Bloomberg that the stake’s value could rise to ...

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Business & Money | Monday 25 May, 2026 9:24 am

RCRC appoints PLANET to lead Riyadh cooling project

The Royal Commission for Riyadh City (RCRC) appointed PLANET as the lead consultant for the Riyadh Strategic Cooling Project, an initiative aimed at addressing urban heat challenges in the Saudi capital. Implemented under the Riyadh Green Program, the project includes developing a citywide...

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Business & Money | Thursday 21 May, 2026 10:27 am

SAB Invest the First Market Maker for ETFs on the Saudi Exchange

SAB Invest, the investment arm of Saudi Awwal Bank (SAB), today announced its official registration by the Saudi Exchange (Tadawul) as the first ETF market maker in the Kingdom. This landmark achievement marks a new era for Saudi Arabia’s capital market, supporting Vision 2030’s Financial...

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Business & Money | Thursday 21 May, 2026 10:21 am

Qiddiya and Google Cloud Collaborate to Power One of the World's Largest Entertainment Projects with AI

Qiddiya Investment Company and Google Cloud today announced a major expansion of their collaboration to establish the digital foundation for one of the world’s largest entertainment projects. Through strategic systems integrator Master Works, Qiddiya will leverage Google Cloud technology to power ...

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Business & Money | Thursday 21 May, 2026 10:01 am

Saudi Azm secures SAR 75M credit facility with SAIB

Saudi AZM for Communication and Information Technology Co. signed a Shariah-compliant banking facility agreement worth SAR 75 million with the Saudi Investment Bank (SAIB) In a statement on Tadawul, the company said the one-year financing is backed by a promissory note as a guarantee. The ...

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Business & Money | Wednesday 20 May, 2026 11:16 am

Saudi Awwal Bank Signs SAR 6.4 Billion Financing Agreement with AlBawani

 Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, has signed a SAR 6.4 billion bilateral financing agreement with AlBawani,  one of the companies in which the Public Investment Fund (PIF) ultimately holds a stake, and  which stands among the major...

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