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GAC greenlights BinDawood’s majority stake in Vaza Food
BinDawood moves closer to acquiring 51% stake in Vaza Food: BinDawood Holding received the green light from the General Authority for Competition (GAC) to proceed with its SAR 217.9 mn acquisition of a 51% stake in Vaza Food Company, according to a Tadawul filing. The non-objection certificate clears the primary regulatory path for the grocery retail giant to finalize its majority control of the food player.
Ades snaps up drilling contract in Nigeria
Ades Holding will provide offshore drilling services in Nigeria for Seplat Energy under a SAR 347.6 mn (USD 92.7 mn), two-year contract, the firm said in a Tadawul disclosure. The contract includes two optional one-year extensions, with operations expected to start in the second half of 2026 following the completion of the current regional campaign.
Mawani standardizes 15-day cap on transit storage fee exemption periods
Mawani released details about the exemption periods for transit storage fees, which are set at a maximum of 15 days for a duration of two months. The Saudi Ports Authority had announced last week it was allowing importers and exporters to release goods from port terminals before settling storage fees.
The details: The exemption applies to transit cargo, including containers, flatbeds, trailers, and hazardous goods at Jeddah Islamic Port. The same exemption was extended for general cargo and RoRo (excluding containers) at King Abdulaziz Port in Dammam, King Fahd Industrial Port in Yanbu, Yanbu Commercial Port, and the Port of Neom, according to another announcement.
Bidding opens for nationwide kidney care project
Expressions of interest and requests for qualification are open until 15 June for the Chronic Kidney Disease Care and National Dialysis Services project, Zawya reports. Launched by the Health Ministry, Defense Ministry, and National Center for Privatization & PPP, the project aims to serve at least 11.5k patients nationwide. The six-year contract will see private sector partners design, finance, and maintain facilities while delivering full renal care services, with the project split into four regional packages.
