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Nadec had secured a SAR 1.1 bn loan to finance the project
Author Archives: enterpriseam admin
Posted inM&A WATCH
Cenomi Retail weighs up selling nearly 50% stake
Cenomi is going to sell the stake to a strategic investor with franchise rights for a number of global brands
Posted inDEBT WATCH
NDF signs SAR 5 bn credit facility agreement with Al Rajhi Bank, ANB + Awwal Bank to buy back SAR 5 bn sukuk
The facility is set to support development projects across the Kingdom
Posted inEARNINGS WATCH
Almarai’s net income slightly misses expectations in 2Q
Almarai’s net income rose 5% y-o-y to SAR 1.4 bn in 1H 2025
Posted inMOVES
Sisco Holding taps new managing director, bids farewell to CEO
Hefni had previously held the role for a nine-year tenure
Posted inALSO ON OUR RADAR
Maersk + Saudi Post to roll out e-commerce logistics solution
Maersk will leverage its global network
Posted inPLANET FINANCE
Buying the US dip scores big gains for retail investors
The S&P 500 and Nasdaq Composite closed at all-time highs on Friday
Posted inCALENDAR
JULY July (Second week): World Intellectual Property Organization (WIPO) Global Awards 2025 awards ceremony, Geneva. 8 July-24 August (Monday-Sunday): Esports World Cup, Riyadh. 17 July (Thursday): Deadline to register for the Kingdom’s first civil aviation hackathon Avithon. 29-30 July (Tuesday-Wednesday): US Federal Reserve Open Market Committee meeting. 31 July (Thursday): Deadline for companies with SAR […]
Posted inWHAT WE’RE TRACKING TODAY
Opec+ accelerates output hikes for August
PLUS: Aramco is reportedly mulling sale of power plants to raise funds