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MedGulf and Buruj finalize merger
The new entity will have a capital of SAR 1.38 bn
Wa’ed Ventures leads pre-Series A funding for US biotech firm Kure Cells
The round saw participation from Kingdom’s Qomel Company, US-based NantBio, and US93
Health-tech Nuxera AI secures USD 2.5 mn in pre-seed funding
Nuxera AI will dedicate a portion of the fresh funds to advance its AI bot for Arabic-speaking providers
Zilla Capital to establish USD 150 mn Saudi healthcare fund
The firm already has two Saudi companies in its sights
The region’s first flying ambulance factory
The first Saudi-made flying ambulance is expected by mid-2027.
Mouwasat Medical spends big on expansion plan
All three projects are set to be self-financed, beside long-term shariah-compliant loans from undisclosed local banks
Tibbiyah narrows losses in 1H 2025
Tibbiyah narrowed its losses to SAR 24.3 mn, down
13 Saudi universities in the 2025 Academic Ranking of World Universities
King Saud University leads the national list in the 101-150 global range
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