{"id":94061,"date":"2025-02-04T00:00:00","date_gmt":"2025-02-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/wamid-wraps-directfn-takeover-tasheel-holding\/"},"modified":"2025-02-04T00:00:00","modified_gmt":"2025-02-04T00:00:00","slug":"wamid-wraps-directfn-takeover-tasheel-holding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/wamid-wraps-directfn-takeover-tasheel-holding\/","title":{"rendered":"Wamid wraps DirectFN takeover, TasHeel Holding"},"content":{"rendered":"

\n

M&A-<\/p>\n

<\/strong>Wamid wraps up takeover<\/strong> of DirectFN:<\/strong> Saudi Tadawul Group subsidiary Tadawul Advanced<\/a>Solutions (Wamid)<\/a> consolidated its ownership of Riyadh-based trading platform Direct Financial Network (DirectFN)<\/a> after acquiring an additional 49% stake in the company for SAR 220.5 mn, according to a filing<\/a> to Tadawul. Wamid now owns 100% of Direct FN.<\/p>\n

About DirectFN: <\/strong>DirectFN operates from five offices in Saudi Arabia, the UAE, Kuwait, Sri Lanka, and Pakistan. It provides trading platforms, market data solutions, analytics, custom financial tools, and other fintech and capital market services.<\/p>\n

\n

ENERGY-<\/p>\n

Baker Hughe<\/strong>s s<\/strong>ecures order for Aramco\u2019s Jafurah gas field expansion: <\/strong>Baker Hughes closed an order from Spain\u2019s Tecnicas Reunidas<\/a> for six gas compression trains and six propane compressors for the third expansion phase at Aramco's Jafurah gas field, according to a press release<\/a>. The order \u2014 booked in 4Q 2024 \u2014 will see Baker Hughes leverage recently expanded facilities at its Damman Center.<\/p>\n

\n

HEALTHCARE-<\/p>\n

Al Moammar I<\/strong>nformation Systems (MIS) was awarded a SAR 126.1 mn technical support <\/strong>contract for devices and medical equipment at the third Riyadh Health Cluster<\/strong>, according to a disclosure to Tadawul<\/a>. The agreement \u2014 which is set to be signed on 13 April \u2014 will see MIS provide tech support across 14 locations in the cluster spanning 142 health centers.<\/p>\n

ALSO- <\/strong>MIS renewed and amended conditions for a SAR 1.6 bn Shariah-compliant loan with Banque Saudi Fransi to finance invoice payables, projects, and the issuance of letters of credit and guarantees, it said in a disclosure<\/a> to Tadawul. The facility is backed by promissory notes and will be valid until Thursday, 31 July 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"

ALSO- Baker Hughes secures contract for Aramco\u2019s Jafurah gas field expansion<\/p>\n","protected":false},"author":1,"featured_media":94062,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[1692,72,1597,54,139,1028,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-al-moammar-information-systems-mis","tag-alinma-bank","tag-alkhorayef-water-and-power-technologies-awpt","tag-also-on-our-radar","tag-aramco","tag-baker-hughes","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"56f14141-84b7-4213-89ac-44664ea17645","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1152.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Wamid wraps DirectFN takeover, TasHeel Holding","related_issue":[94045],"teaser":"ALSO- Baker Hughes secures contract for Aramco\u2019s Jafurah gas field expansion","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.51801bf5-5f4c-451c-a923-ce11e36d3ead.mp3"},"yoast_head":"\nWamid wraps DirectFN takeover, TasHeel Holding - 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