Business & Money | Thursday 8 January, 2026 2:46 pm

Riyad Bank completes issuance of $1B T2 capital sustainable notes

Riyad Bank announced the completion of the issuance of USD-denominated, Tier 2 capital sustainable notes, with a total value of $1 billion, under its medium-term note (MTN) program.In a statement on Tadawul, the bank said the settlement of the notes is expected to take place on Jan....

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Business & Money | Thursday 8 January, 2026 2:29 pm

Diriyah signs SAR 3.1B deal for Four Seasons hotel and residences

Diriyah Co. signed today, Jan. 8, a new joint development agreement with Midad Real Estate Co. to build the Four Seasons Hotel and Private Residences Diriyah. The total value of the project is $827 million (SAR 3.1 billion), including land acquisition and construction costs, the company said...

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Business & Money | Thursday 8 January, 2026 1:32 pm

SABIC to sell Americas, Europe units; expects SAR 18.3B non-cash loss

In an effort to optimize its portfolio, Saudi Basic Industries Corp. (SABIC) said it is divesting 100% of the shares in SABIC Europe B.V., comprising its European petrochemicals business and assets, to AEQUITA—an established operator in European industrial sector.SABIC’s ownership in SABIC...

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Business & Money | Wednesday 7 January, 2026 2:29 pm

2P renews, upsizes SAR 289M credit facilities with BSF

Perfect Presentation for Commercial Services Co. (2P) increased and renewed a Shariah-compliant credit facility deal worth SAR 289.19 million with Banque Saudi Fransi (BSF) according to a Tadawul statement. The financing is valid till Jan. 6, 2027, said the company, adding that the facility...

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Business & Money | Tuesday 6 January, 2026 12:28 pm

NDMC raises $11.5B from 2.7x oversubscribed bond sale

Saudi Arabia’s National Debt Management Center (NDMC) said it has completed its first US dollar-denominated international bond issuance of 2026 under the Kingdom’s Global Medium-Term Note Issuance Program (GMTN), raising $11.5 billion. The center said total investor demand reached around...

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

Red Sea unit signs SAR 220M deal with Al Arab Hospital

Red Sea International Co.’s subsidiary, Fundamental Installation for Electric Work Co. Ltd. (First Fix), signed a contract with Al Arab Hospital Company Ltd. to execute works for the construction of a hospital project in South Obhur, Jeddah, valued at SAR 220 million (VAT exclusive). In a...

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

Saudi Arabia working on updated investment strategy: Al-Falih

Minister of Investment Khalid Al-Falih said that the ministry is working on an updated investment strategy, which will represent the second phase of the National Investment Strategy that successfully achieved its targets over the past five years. In remarks on the sidelines of today’s Shura...

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Business & Money | Sunday 4 January, 2026 12:40 pm

Finance Minister approves 2026 borrowing plan; financing needs expected at SAR 217B

Minister of Finance and Chairman of the National Debt Management Center, Mohammed Al-Jadaan, approved the annual borrowing plan for the fiscal year 2026, following its endorsement by the center. According to a statement by the center, the plan outlines key developments in public debt during...

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Business & Money | Sunday 4 January, 2026 12:38 pm

Fakeeh Care signs SAR 218M long-term land lease pact in Jazan

Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) and its subsidiaries signed an agreement on Jan. 1 with Oloof Development Co., a wholly owned subsidiary of Jazan Municipality, to lease a strategic land plot in Jazan City. The 34,581-square-meter site will be used to develop an...

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Business & Money | Sunday 4 January, 2026 11:59 am

Equipment House wins SAR 261M project from HRSD Ministry

Scientific and Medical Equipment House Co. (Equipment House) said it was awarded on Jan. 1, 2026, a project valued at SAR 260.98 million (including VAT) by the Ministry of Human Resources and Social Development (HRSD), according to a statement to Tadawul. The scope of the project includes ...

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