Saudi Business News

Home
Saudi Business News

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Saudi Business News, Magazine, .

23/07/2025

In the first half of 2025, the capital expenditure (capex) of Saudi-listed Etihad Etisalat Co. (Mobily) increased by over 285 percent as it continued to develop its infrastructure.

Mobily CEO Nizar Banabeela informed CNBC Arabia that capex reached 2.7 billion Saudi riyals ($719.73 million) in the first half of the year, up from SAR 700 million during the same period last year.

According to its financial statement, the telco invested SAR 566 million in the second quarter of 2025 to improve its infrastructure, develop frequency spectrums, and expand its 5G network.

Mobily and state-owned Telecom Egypt entered into a cooperation agreement in November to establish the first Saudi submarine cable connecting Saudi Arabia and Egypt.

22/07/2025

Dar AlMajed Real Estate Company (AlMajdiah) from Saudi Arabia will move forward with its initial public offering (IPO) on the Tadawul, which is the stock exchange of the kingdom. The float will consist of 30% of its share capital, equivalent to 90 million shares.

The process of building the book will start on July 29, 2025, and will end on August 4, 2025.

After deducting the expenses related to the offering, the proceeds from the offering will be allocated to the selling shareholders based on how many shares each of them will sell.

21/07/2025

Governata provides secure and innovative AI-driven data management solutions that comply with SDAIA NDMO, enabling optimal data governance and decision-making; The platform is the only solution of its kind with an Arabic interface, supporting the digital transformation goals of Vision 2030.

Riyadh, KSA: Governata has officially debuted as Saudi Arabia’s first enterprise Data Management Platform, offering AI-driven solutions for data governance and decision-making across public and private sectors.

20/07/2025

ACWA Power, a developer and operator of power, water, and green hydrogen projects listed in Saudi Arabia, has entered into 25-year Power Purchase Agreements (PPAs) for seven solar and wind energy projects in Saudi Arabia with a total value of 31.1 billion Saudi riyals ($8.3 billion).

The company announced in two separate stock exchange statements that the agreements, which represent a total combined capacity of 15 gigawatts (GW), were signed with the Saudi Power Procurement Company (SPPC).

17/07/2025

On July 24th, from 16:00 to 18:00, the Saudi Arabia Pavilion at Expo 2025 Osaka will feature a special event showcasing KAUST’s cutting-edge developments in marine restoration and 3D bioprinting. This event will take place at the Pavilion’s Collaboration Hub.
The Saudi Arabia Pavilion operates daily from 09:00 to 21:00. It can be found in the Connecting Zone (C14-01), within the West Gate of Expo 2025 Osaka.
Osaka, Japan - In line with its dedication to highlighting Saudi innovation in sustainability, the Saudi Arabia Pavilion at Expo 2025 Osaka will feature a special event on July 24th to showcase groundbreaking research from King Abdullah University of Science and Technology (KAUST).

16/07/2025

An air transport services agreement has been signed between Saudi Arabia and the Republic of Kiribati, with the aim of enhancing cooperation and promoting bilateral collaboration.

As reported by SPA, the agreement aids in progressing the strategy of the civil aviation sector to establish international partnerships and enhance global relations, which facilitates the expansion of operational networks for national carriers.

Moreover, the accord seeks to create regulatory frameworks for air transport between the two countries, founded on mutual benefit and respect, along with applicable laws, regulations, and directives.

15/07/2025

According to government data released on Tuesday, Saudi Arabia's inflation rate quickened to 2.3% in June relative to the same month of the previous year and increased slightly from May's figure of 2.2%.

Since the start of this year, inflation has remained between 2% and 2.3%, primarily due to increases in housing rents. Last June, it was at 1.5%.

According to the General Authority for Statistics, housing rents rose by 7.6% as a result of a 7.1% increase in villa prices.

Housing was the main driver behind the increase to 6.5% in prices for the combined category of housing, water, electricity, gas, and other fuels.

Last month, the Saudi government announced measures aimed at balancing the real estate market in Riyadh, which included reserving some price-capped plots for Saudi citizens.

14/07/2025

Saudi Arabia, Riyadh – CBRE Middle East, a worldwide frontrunner in commercial real estate, published its Q2 2025 Saudi Arabia Real Estate Market Review, emphasizing robust growth across essential sectors.

The strong performance of Saudi Arabia's real estate market is being fueled by its vigorous economic growth, which is spurred on by a 4.9% rise in non-oil GDP. While Real GDP grew strongly by 3.4% in Q1 2025, the full-year projection has been revised to around 3.5% because of a more cautious outlook for the oil sector. The Kingdom continues to uphold its Vision 2030 initiatives and promote sustainable economic growth.

In the second quarter of 2025, Saudi Arabia's real estate landscape was dynamic and evolving, propelled by a mix of policy adjustments and strategic initiatives.

13/07/2025

Riad, Saudi-Arabië, - Novo Nordisk, a prominent global healthcare company, is thrilled to unveil a new Memorandum of Understanding with the Saudi Heart Association (SHA), designed to enhance cardiovascular care across Saudi Arabia. Through this strategic partnership, clinicians will be involved in various educational and research initiatives aimed at delivering the best possible multidisciplinary care to patients throughout the Kingdom.

This partnership aims to improve patient outcomes across the country by providing healthcare professionals with essential knowledge and tools. This initiative is in line with the goals of Saudi Vision 2030, which seeks to tackle the clinical and economic difficulties presented by cardiovascular disease.

10/07/2025

RIYADH: The Saudi Red Sea Authority (SRSA) has granted a maritime tourism agent license to Jeddah-based Maritime Solutions Company as part of its ongoing efforts to regulate and develop a thriving coastal tourism sector.

This measure demonstrates SRSA’s dedication to arranging and improving coastal tourism activities, and to cultivating a setting that appeals to tourists, investors, and maritime operators throughout the Red Sea. This also corresponds with the aims of Saudi Vision 2030, which seeks to establish the Red Sea as a premier global destination.

Such licenses are issued by the SRSA as one of its key functions. The SRSA is responsible for regulating coastal tourism activities, granting permits, attracting investment, identifying infrastructure needs, and ensuring the protection and sustainability of the marine environment.

09/07/2025

Jahez, a food delivery firm listed in Saudi Arabia, is purchasing a 76.56% interest in the Qatari on-demand delivery service Snoonu for $245 million.

The acquisition will signify Jahez's entry into the Qatari market as part of its efforts to expand within the GCC.

Jahez plans to purchase 8,144,546 shares from current shareholders of Snoonu for $225 million, which represents 75% of Snoonu's share capital. This acquisition will involve a mix of cash and shares in the Saudi company.

08/07/2025

The preliminary pricing estimates for Saudi Alinma Bank's 5-year, $500 million WNG senior sukuk offering are approximately 130 basis points above Treasuries.

The Saudi lender, which has ratings of A2 (stable) from Moody’s, A- (stable) from S&P, and A- (stable) from Fitch, announced that the Reg S Category 2 Wakala structure will be priced on Tuesday.

The sukuk is anticipated to have an issue date of 15 July 2025 and carries ratings of A- from both S&P and Fitch.

Proceeds will support general banking operations, and the issuance will be listed on the International Securities Market of the London Stock Exchange.

Address

Website

facebook.com

Alerts

Be the first to know and let us send you an email when Saudi Business News posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Saudi Business News:

Shortcuts

Address
Alerts
Contact The Business
Claim ownership or report listing
Want your business to be the top-listed Media Company?

Country:

City: