Saudi news

We will be heading to the global debt markets this year

The CEO of the Saudi Real Estate Refinancing Company (SRC), Fabrice Susini, revealed the company’s intention to go to the…

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An understanding that enables “Extra” to manage the electronics and home appliances department in “Panda” markets

United Electronics Company “Extra” announced that it has reached a strategic understanding with Panda Retail Company, according to which “Extra”…

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“Sadafco” profits rose 46% to 78.5 million riyals in the fourth quarter

The Saudi Dairy and Food Products Company “Sadafco” announced that its profits increased to 218.3 million riyals at the end…

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Shareholders of “Sinomy Centers” agree to establish a sukuk program worth 4.5 billion riyals

The Arabian Centers Company “Sinomy Centers” announced the shareholders’ approval during the extraordinary general assembly meeting to establish the Arabian…

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Education REIT distributes 1.4% cash dividends for the fourth quarter

Saudi Fransi Capital has announced the distribution of cash dividends to the unit holders of the Education REIT Fund for…

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Saudi oil exports rose 11.8% to 90 billion riyals in November

Data from the General Authority for Statistics in Saudi Arabia showed that commodity exports increased last November by 3.6% to…

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“Red Sea International” awards a contract worth one billion riyals to “Al-Ayouni” company

The Red Sea International Company, the developer of the “Red Sea” and “Amaala” destinations, announced the awarding of a contract…

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“Jabal Omar” receives a notice from the “Zakat Authority” to implement a violation decision amounting to 357 million riyals

Jabal Omar Development Company announced that, on Monday, January 23, 2023, it had received a notification from the Zakat, Tax…

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The Saudi Central Bank licenses two financial companies to engage in debt crowdfunding

The Central Bank of Saudi Arabia announced the licensing of two new financial technology companies in the activity of crowdfunding…

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The “sakani” program aims to serve 120,000 families in 2023

The Undersecretary of the Ministry of Housing for Beneficiary Empowerment and Housing Support, Ayman Saleh, said that the “sakani” program…

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