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16/10/2025

Riyadh - Intelligent Oud Company for Trading (iOud) signed a final acquisition agreement on 15 October with Thannah Trading Company to acquire 100% of its shares, valued at SAR 59.47 million.

The deal will be executed through a capital increase of SAR 11.70 million by issuing 1.17 million new shares to Thannah’s owners, according to a bourse filing.

Following the hike, Intelligent Oud’s capital will rise by 60% to SAR 31.20 million from SAR 19.50 million.

It is worth noting that the move is expected to dilute existing shareholders’ stakes by 37.50%.

The transaction aims to boost operations in the hospitality and food sectors, with medium- to long-term revenue and profit gains expected.

15/10/2025

Aseer Region Sees Strong Growth in Commercial Activity in Q3 2025

The Aseer Region has recorded notable growth in commercial registrations and economic activity during the third quarter of 2025, according to the Ministry of Commerce’s latest Business Sector Bulletin, as reported by SPA.

The bulletin pointed to sustained momentum in key sectors across Saudi Arabia — particularly tourism, entertainment, and technology.

Nationwide, the number of active commercial registers surpassed 1.7 million, with Aseer accounting for more than 92,000, placing it among the leading regions in the Kingdom. This marks a year-on-year growth of nearly 4% in the region.

During Q3 2025 alone, more than 128,000 new commercial registers were issued across Saudi Arabia. Aseer contributed 5,126 new registrations, ranking it among the top five regions for new business activity. These figures reflect a dynamic economic environment and growing investor confidence in the region.

14/10/2025

To encourage innovation in the Kingdom's real estate market, ROSHN Group, a division of the Public Investment Fund (PIF), and the Ministry of Municipalities and Housing, through the ministry's Agency for Housing Supply Stimulus and Real Estate Development, have inked a strategic memorandum of cooperation.

Yassen Kattan, the Group Chief Strategy & Corporate Affairs Officer, and Abdulrahman Al-Tawil, the Deputy Minister for Housing Supply Stimulation and Real Estate Development, signed the memorandum.

13/10/2025

Arab Finance: According to Al Arabiya Business, which cited anonymous individuals with knowledge of the situation, Saudi real estate firm Sumou Holding is in initial negotiations to purchase Egyptian developer Midar for Investment and Urban Development.

The ultimate sum of the possible purchase will be revealed soon, although it is estimated to be approximately $3.5 billion.

The National Bank of Egypt (NBE), the National Investment Bank (NIB), Banque Misr, and Arab Contractors are among the shareholders of Midar, a joint-stock company that was founded in 2006.

The business is building two large projects, Mostakbal City and Mada City, east of Cairo. Together, they will cover 11,000 feddans close to Egypt's New Administrative Capital.

12/10/2025

Riyadh: In partnership with the Saudi Tourism Authority and the Air Connectivity Program, Saudia, the flag carrier of the Kingdom of Saudi Arabia, has launched its first scheduled direct trip to Moscow, the capital of the Russian Federation.

His Excellency Engr. Ibrahim Al-Omar, Director General of Saudia Group, and Mr. Sergey Kozlov, Ambassador of the Russian Federation to the Kingdom of Saudi Arabia, along with senior Saudi officials, the Saudi Tourism Authority, Riyadh Airports, media representatives, and invited guests, attended a ceremony at King Khalid International Airport in Riyadh to commemorate the event.

08/10/2025

The Omani-Saudi collaboration, which combines the efficient use of natural resources, cutting-edge infrastructure, and aspirational development goals in both countries, stands out as a leading model of Gulf industrial integration amid the significant economic changes taking place throughout the region. The wise leaderships' common goal to creating a diversified and sustainable economy based on industry and cooperative investment is reflected in this partnership, which builds on the Sultanate of Oman and the Kingdom of Saudi Arabia's longstanding historical ties.

The seamless movement of domestic goods between the two nations has been made possible by the mutual recognition of certificates of origin, which has made it simpler for Omani items to reach the Saudi market, one of the biggest regional marketplaces.

07/10/2025

On October 1, Saudi Paper Manufacturing Company expanded its credit arrangement with Gulf International Bank (GIB) by adding SAR 105 million in new medium-term financing.

According to a bourse filing, this is on top of the SAR 90 million working capital credit facility that already exists, making the total credit facility value SAR 195 million.

The loan, which is secured by a promissory note, will be used to pay for debt restructuring, working capital, and raw material purchases.

06/10/2025

The General Food Security Authority (GFSA) of Saudi Arabia announced Monday that it has purchased 455,000 metric tons of wheat in an international tender for shipping in December and January.

According to a statement from GFSA CEO Ahmad Al-Fares, the average price paid for the wheat, cost and freight (C&F) included, was $263.38 per ton.

According to GFSA, sellers might choose from a variety of origins, including the European Union, the Black Sea region, North America, South America, and Australia.

Hard milling wheat with a protein value of 12.5% was part of the transaction.

The tonnage exceeded the 420,000 tons that GFSA had specified as its target in the Friday-closed tender.

05/10/2025

Egypt's Cairo— One of the top healthcare organizations in the area and a trailblazer in promoting medical excellence throughout the Middle East and Africa, Saudi German Health (SGH) today announced a significant extension of its partnership with Mayo Clinic. This action is in line with Egypt's Vision 2030 since it intends to improve the healthcare system and provide the most recent international medical knowledge to Egypt and the surrounding area.

With this announcement, SGH solidifies its standing as the region's biggest group of Mayo Clinic Care Network members, demonstrating the organization's steadfast dedication to raising healthcare standards and producing outstanding results in Egypt, the United Arab Emirates, Saudi Arabia, and beyond.

01/10/2025

While attending the Saudi-Vietnamese Business Forum at the Hanoi Chamber of Commerce and Industry in Hanoi, Minister of Industry and Mineral Resources Bandar Alkhorayef observed the signing of five investment agreements between Saudi and Vietnamese enterprises.

The agreements centered on establishing investment relationships in a number of areas, such as innovative furniture manufacturing, infrastructure and construction, training and qualification initiatives, and a tourism-related deal.

Alkhorayef spoke at the forum, which was co-organized with the Federation of Saudi Chambers. He emphasized the importance of the Saudi-Vietnamese Business Council in strengthening investment partnerships and allowing the private sector to take advantage of opportunities that both countries share, especially in mining and industry.

30/09/2025

In the face of a shifting geopolitical landscape, representatives from UNODC, Naif Arab University, and National Security Services Company met yesterday at Intersec Saudi Arabia to talk about regional and international security collaboration.
The panel discussion's panelists discussed disaster risk management, transnational crime prevention, maritime security, and Red Sea stability. They also emphasized how complicated and uncertain today's issues are.
The two-day Future Security Summit at Intersec Saudi Arabia began with an enlightening conversation.

28/09/2025

Saudi Arabia's Riyadh — (ARAB NEWSWIRE) -- The first sympathetic AI platform for financial services in the world, AngelAi, is pleased to announce its formal debut in Saudi Arabia. AngelAi, which has more than 250,000 registered users and has funded more than $34 billion in mortgages since 2019, is now introducing its revolutionary technology to the Kingdom, giving banks and investors a unique chance to be a part of a platform that blends long-term cash flow, viral user growth, and AI-driven market expansion.

In Diriyah, Riyadh, a UNESCO World Heritage site and emblem of Saudi Arabia's cultural revival, AngelAi threw an incredible launch ceremony to commemorate this milestone. Financial leaders, investors, and innovators gathered for an evening of luxury, fun, and strategic discussion at the event, which featured international comedic legend Russell Peters.

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