Business & Money | Wednesday 31 December, 2025 12:00 am

Alramz sets up real estate fund worth SAR 2.5B for residential project

Alramz Real Estate Co. signed today, Dec. 29, an agreement to establish a Shariah-compliant real estate investment fund with SNB Capital (fund manager) and AWJ Real Estate Co. (landowner), dedicated to the development of the former’s latest residential project in Riyadh, Rabwa...

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Government | Tuesday 30 December, 2025 11:47 am

Insurance Authority to mandate coverage for crowded venues

Saudi Arabia plans to introduce mandatory public liability insurance for crowded public venues such as hospitals, restaurants, hotels and malls, Naji Al-Tamimi, CEO of Insurance Authority, said.   The aim is to protect third parties from potential harm caused by accidents or fires,...

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Business & Money | Tuesday 30 December, 2025 11:44 am

Asas Makeen signs SAR 300M construction deal for Riyadh projects

Asas Makeen Real Estate Development and Investment Co. said it signed a contract with Tashied Hayat Contracting Co. to carry out construction work on several of its projects in Riyadh, with a total value of nearly SAR 300 million, excluding value-added tax.   In a...

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Business & Money | Tuesday 30 December, 2025 11:41 am

JLL sees structural shift in Riyadh real estate

Riyadh’s real estate market is undergoing a structural transformation, driven by strategic shifts, the accelerated rollout of Saudi Vision 2030 programs, and a broadening range of investment opportunities across multiple sectors, global property consultancy JLL said.   JLL added...

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Business & Money | Tuesday 30 December, 2025 11:34 am

ACWA Power inks purchase pacts to acquire wind power projects in China

ACWA Power Co. said it received a notification from ACWA Power China, on Dec. 29, regarding the signing of multiple share purchase agreements to acquire wind power projects in China. In a statement to Tadawul, the company said the projects include one operational unit with a capacity of...

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Business & Money | Monday 29 December, 2025 3:49 pm

Binladin EGM OKs debt conversion deal with Ministry of Finance

Binladin International Holding Group’s shareholders approved the board’s recommendation to increase capital by issuing shares to the Ministry of Finance to settle part of the company’s outstanding debts during the extraordinary general meeting (EGM) held on Dec. 28. As a result of the...

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Business & Money | Monday 29 December, 2025 10:18 am

Saudi unemployment rate hits 7.5% in Q3 2025: GASTAT

Saudi Arabia’s unemployment rate among nationals rose to 7.5% in the third quarter of 2025, up from 6.8% in the second quarter, according to the Labor Force Survey released by the General Authority for Statistics (GASTAT), today, Dec. 29. The unemployment rate among Saudi males stood at...

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Government | Monday 29 December, 2025 10:11 am

SAMA directs to stop requesting promissory notes from individuals for credit card financing

The Saudi Central Bank (SAMA) directed finance companies to stop requesting promissory notes or any commercial paper from individual customers when offering credit card financing products. SAMA explained that this step comes after the recent spread of the practice of obtaining promissory notes ...

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| Sunday 28 December, 2025 9:45 am

Industrial land spanning 20M sqm under development in Riyadh: Alkhorayef

Minister of Industry and Mineral Resources Bandar Alkhorayef said that, with the support of the Crown Prince, Riyadh has been allocated new land covering a total area of 20 million square meters, which is currently being developed, noting that Riyadh currently does not have industrial land.This...

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Business & Money | Sunday 28 December, 2025 9:43 am

REGA refers developers of 14 real estate projects to Public Prosecution

Saudi Arabia’s Real Estate General Authority (REGA) referred developers of 14 real estate projects to the Public Prosecution after detecting violations, including engaging in off-plan sales and collecting funds from beneficiaries without obtaining the required licenses. The violations were...

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