LOGISTICS-

Mawani inks Yanbu bunkering agreement: The Saudi Ports Authority (Mawani) signed a SAR 500 mn agreement with the National Petroleum & Petrochemical Tanks & Pipeline Company (Petrotank) to build a fuel storage and marine bunkering hub at King Fahad Industrial Port in Yanbu, it said in a statement.

More details: The project will span 110k sqm under a 20-year lease, aiming to boost fuel services at the Red Sea port and attract more shipping traffic. Petrotank already runs a fueling station at the port, which has 114k cbm of storage.

SPACE-

NSG puts satellite data at Saudi’s fingertips: PIF-owned space services provider Neo Space Group (NSG) launched the Kingdom’s first Earth Observation (EO) data marketplace to meet rising demand for satellite imagery and geospatial data, according to a press release.

The details: The platform — built by UP42 — offers local and international users access to high-resolution imagery and automated data processing tools, and is expected to expand EO data access across key sectors including energy, infrastructure, environment, real estate, transport, mining, logistics, and agriculture.

ICYMI- NSG entered into a definitive agreement with Airbus Defense and Space lastDecember to acquire UP42, and the acquisition was finalized last month.

CAPITAL MARKETS-

The board of United Electronics Company (eXtra) greenlit the sale of 1.25% (312.5k shares) of its subsidiary United International Holding Company (Tasheel) to boost public ownership liquidity ahead of Tasheel’s planned 200% capital increase via 47 mn bonus shares and an allocation of 3 mn shares for its employee incentive plan, it said in a disclosure to Tadawul.

Background: The move follows the June 2025 expiry of the lock-up period on eXtra’s 70% stake in Tasheel after its IPO on the Saudi Exchange in December.

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