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Sal to build SAR 4 bn logistics zone in Falcon City
The firm is leasing land for the zone from the Sela Company
Umm Al Qura IPO retail tranche closes 20x oversubscribed
The first day of trading is yet to be determined
Ma’aden’s net income up 82.1% in 2024 + Jabal Omar, Saudi Cement report full-year earnings
Jabal Omar Development’s net income jumped 433.8% y-o-y in 2024
Umm Al Qura for Development prices IPO at SAR 15 + Derayah’s retail offering wraps up
The institutional offering was 241x oversubscribed
Takatuf is now a cornerstone investor in Umm Al Qura IPO
PLUS: TrinaTracker opens 3 GW factory in Jeddah
Hyundai E&C awarded USD 389 mn solar power transmission contracts from SEC
The transmission lines are scheduled for completion by November 2027
Umm Al Qura sets SAR 14-15 indicative price range ahead of Tadawul IPO
The primary offering could see the company lock in nearly SAR 2 bn in IPO proceeds
Saudi Arabia’s 2024 contract awards reach record high of USD 146.8 bn
Saudi Arabia leads GCC with over 53% share of project awards
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