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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Business & Money | Thursday 1 January, 2026 11:05 am

Fakeeh Care delineates acquisition cost of stake in Diagnostics Elite

Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) and its subsidiaries stated that the total investment cost of acquiring a 50.01% ownership stake in Diagnostics Elite Co. amounts to SAR 70 million. The former owner of the stake was Soliman Abdul-Qader Fakeeh Real Estate Co. (Fakeeh Real...

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Business & Money | Wednesday 31 December, 2025 10:32 am

Alkhorayef Water wins SAR 155.1M project with Jeddah Municipality

Alkhorayef Water and Power Technologies Co. (AWPT) announced the award of a project with the Jeddah Municipality, with a total value of SAR 155.09 million, excluding value-added tax (VAT). In a statement to Tadawul, the company said it will carry out operation (cleaning) works for rainwater...

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Business & Money | Wednesday 31 December, 2025 10:24 am

Makkah Construction purchases land plot worth SAR 980M

Makkah Construction and Development Co. purchased a land plot in an auction, held in Makkah by Adeer Real Estate Co. on Sept. 30, for SAR 980 million, including commission fees and real estate tax. In a statement to Tadawul, the company said the land plot is located on Ajyad street, Makkah,...

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