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Civilian digital infrastructure moves to the front line: DCO
Digital systems are no longer viewed as backend technology layers
Earnings took a dip in the second quarter
Strong earnings from banking, real estate, and telecom helped cushion the decline
Tihama to acquire Dan Diamond Real Estate for an estimated SAR 90.7 mn
ALSO- Umm Al Qura sold a 2.7k sqm land plot for SAR 145.1 mn within Makkah’s Masar Destination to Jazeel…
Saudi-listed companies' earnings slightly inch down in 1Q 2025
Despite the slip, key sectors (banking, real estate, and telecom) stayed in the black
PIF finalizes acquisition of Tawal, STC transfers ownership to new entity
Tawal is valued at SAR 22 bn
STC lands SAR 32.6 bn contract for telecom infrastructure
The contract spans 16 years and six months
Stc transfers its entire stake in Tawal to PIF
PIF and stc are consolidating Tawal + Glic under a new entity
Mobily snags 15-year license for new spectrums
The bands will boost coverage and data speed
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