EVIQ to roll out EV charging solutions for Lotus owners under a freshly formed partnership: The Electric Vehicle Infrastructure Company (EVIQ) — the JV between the PIF and the Saudi Electricity Company — has partnered with luxury car maker Lotus, via its distributor Al Walan Trading, to enhance EV infrastructure for Lotus owners, according to a press release.

The agreement will see EVIQ install dedicated charging stations at Lotus showrooms, provide home chargers with Lotus vehicle purchases, integrate services with Lotus apps, and launch EV awareness campaigns across the Kingdom.

EVIQ in the fast lane: Last month EVIQ, Mercedes-Benz KSA, and Juffali Automotive Company partnered to develop a high-speed EV charging network across the country and raise public awareness about electric vehicles. This adds to many partnerships by EVIQ with Ceer, Sasco, Lucid, BYD, and Zeekr to develop EV infrastructure in the Kingdom. EVIQ opened its first fast EV charging station in Riyadh in January 2024 and plans to deploy over 5k chargers across the country by 2030.

ENTERTAINMENT-

Riyadh Season signed YouTuber MrBeast for its 2025 edition, according to a Facebook post from the General Entertainment Authority Chairman Turki Al Alshikh. Under the contract, MrBeast will produce exclusive content, introduce his MrBeast Park and challenges to the Kingdom, and join the season’s opening ceremony.

MrBeast is YouTube’s most-subscribed creator, known for organizing complex challenges and charitable initiatives, with 390 mn subscribers as of May 2025.

ADVERTISING-

Arabian Contracting Services lands SAR 309.6 mn Jeddah billboard agreement: Arabian Contracting Services’ subsidiary Faden Media signed a SAR 309.6 mn, seven-year contract with the Jeddah Municipality to establish, operate, and maintain 15 advertising billboards on major roads in Jeddah, according to a disclosure to Tadawul. The contract includes a 4.2-month preparation period.

AND- Arabian Contracting Services inked another agreement with the Royal Commission for Riyadh City to lease the internal advertising spaces within the King Abdulaziz Public Transport Project, covering trains and buses, it said in a separate disclosure. The contract, valued at SAR 563.2 mn, spans 10 years and includes some 3.7k billboards.

INS.-

Al Etihad Cooperative Ins. maintained its A3 Ins. Financial Strength Rating (IFSR) by Moody’s, with a stable outlook, it said in a disclosure to Tadawul. The rating reflects the company’s strong market position, solid asset quality, robust capital adequacy, and consistent profitability, including a 7.7% five-year average return on capital and a 95.2% combined ratio, the credit rating agency said.

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