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Riyadh
More international sukuk
Riyad and Al Rajhi secured a total of USD 2 bn
Three debt raises from listed heavyweights
stc launches a fresh USD 5 bn sukuk program
Saudi banks power Ras Mohaisen water project to financial close
Banque Saudi Fransi, Riyad Bank, and Saudi Investment Bank, with Standard Chartered as the sole…
Non-oil private sector expands at a slower rate in November
The seasonally adjusted figure dropped to 58.5 in November, from 60.2 in October
Eastern province
Eastern Province launches Toray Membrane factory
The plant will produce 300k reverse osmosis membranes a year for water desalination.
Eastern Province partners with Thai investors for a Global City in Dammam
The project’s first phase is estimated to cost SAR 200 mn
Eastern Province lines up SAR 600 bn in new projects
Local and Thai contractors were tapped for the projects
Hafar Al Batin Investment Forum sees SAR 17 bn in agreements
The event saw the launch of a SAR 9 bn livestock city
Medinah
Housing dominates real estate transactions in 1H 2025 -Knight Frank
Madinah tops housing growth in 1H 2025 with transactions rising 49% to SAR 3.4 bn
Madinah property market heats up with 16% jump in 2024 transactions
Residential sales surged in the last quarter of 2024, while commercial and agricultural activity slowed
US-based Kneron lands Saudi grant to power AI chip push in Riyadh
PLUS: First Mills gets SAR 69.4 mn SIDF loan for expansion
Real estate transactions reach SAR 267.8 bn in 2024
Residential sales hit SAR 164.8 bn
Al Baha
OmniOps launches Saudi’s first sovereign AI platform Bunyan
ALSO- Roshn taps Singapore for AI and entrepreneurship real estate partnerships
Ardco exits Tanal JV, transfers 69.4% stake to Sumou Holding
AND- iOud inks a non-binding MoU to acquire Thannah Trading from Afaq Food Fund
Al Baha gets board sign-off for Elegant Centers acquisition
PLUS: Saudi’s first school for athletically gifted students
Jarir opens new location in Qatar
PLUS: Red Sea International subsidiary lands SAR 1.5 bn infrastructure contract
Qassim
PIF isn’t investing Dazn + Prince Faisal bin Farhan will be at next week’s BRICs summit
PLUS: PIF isn’t investing in Dazn
Saudi Electricity Company hits financial close on Taiba 1, Qassim 1 power plants. Plus: oil and gas, tourism and manufacturing
Saudi Electricity Company (SEC) | Acwa Power | Taiba 1 | Qassim 1 | Ades…
Mmm… steak
Some of the potential production will be earmarked for regional exports
Hail
Moonward bound Qosmosys sets Riyadh as mission control
PLUS: Bain & Company inaugurates new regional headquarters in King Abdullah Financial District
Qassim Cement is the new owner of Hail Cement
The transaction values Hail Cement at SAR 206 mn
The latest results from Hail Cement, Saudi Steel Pipe
SSP’s net income quadrupled y-o-y to SAR 217 mn
Tabuk
Allied Cooperative Ins., Tabuk Agricultural Development appoint new heads
Abdulaziz Al Mushari was tapped as Allied Cooperative Ins. CEO and Abdullah Al Salhi as…
New appointments at four Tadawul-listed companies
Umm Al-Qura Cement | Alkobra Mining Company | Elm | Tabuk Agricultural Development
Juffali Automotive opens its largest Mercedes center. Plus: Infrastructure, agriculture, and debt
The Riyadh facility, dubbed Center for Tomorrow, spans over 21k sqm
Tadco taps Yahya Mubaraki to CEO
The promotion comes after the former CEO opted not to extend his contract
‘Aseer
Aseer is in the forefront of Saudi push to narrow regional economic gap
Unemployment in Aseer has fallen from 17% three years ago to 10.7% today
The Kingdom bets on Aseer’s cool peaks to lure tourists
Projects include the Seven Legends Resort
Najran
Najran Cement names Ataa Bakkar as interim CEO
Bakkar brings over 22 years of experience in the cement and building materials industries
Najran region completes SAR 110 mn road projects spanning 159 km
ALSO- Tadweer signs SAR 90 mn loan agreement with SIDF
Najran pushes forward with SAR 1.15 bn in infrastructure projects
ALSO- Burgerizzr acquires a 60% stake in Shovel
Smart food city is in the works in Najran
The Najran Investment Forum wrapped up with SAR 639 mn in signed agreements
Yanbu
Yanbu kicks off wind turbines production on 1 August
ALSO- Saudi Arabia + Mongolia to boost civil aviation cooperation
Saudi Arabia leads MENA VC funding in 1H 2025
Saudi Arabia ranked second among all EVM geographies, with USD 860 mn raised from 114…
SAIB, Yansab, First Mills post 1Q results
Saudi Investment Bank’s net income grew 13.8% y-o-y
Earnings season continues at full swing
AL RAJHI BANK- Al Rajhi Bank’s net income was up 22.8% y-o-y at SAR 5.1…
Knowledge Economic City
Six Saudi firms join FTSE’s Global equity roster. PLUS: A new oil discovery with Kuwait
ALSO: MSCI hikes Aramco inclusion to 0.025%
2P renews SAR 265 mn Sharia-Compliant loan
ALSO: KEC secures SAR 150 mn Sharia-Compliant financing
IMC Opens SAR 168 mn medical complex in Makkah
PLUS: Knowledge Economic City lines up SAR 150 mn corporate facility from Saudi Investment Bank
KEC breaks ground on Madinah Gate project
The project is backed by an initial investment of SAR 600 mn