Business & Money | Wednesday 29 November, 2023 11:19 am

Saudi Cable signs tripartite agreement to transfer SAR 232.7M debt to Tathmeer

Saudi Cable Co. (SCC) signed a tripartite agreement with Al Rajhi Banking Investment Co. and Tathmeer Investment Co., under which Al Rajhi Banking transferred to Tathmeer its rightful claim on a due debt from Saudi Cable worth SAR 232.74 million.   The recent action was taken in...

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Business & Money | Wednesday 29 November, 2023 11:14 am

Retal inks SAR 374.8M deal with Roshn to purchase, develop land

Retal Urban Development Co. signed on Nov. 28 an agreement with Roshn Real Estate Co., a subsidiary of the Public Investment Fund (PIF), to purchase and develop residential land for housing units in Sedra residential neighborhood in Riyadh.   In a statement on Tadawul, the...

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Business & Money | Wednesday 29 November, 2023 11:07 am

PIF signs binding agreement with Ferrovial to buy 10% of Heathrow Airport

The Public Investment Fund (PIF) entered into a share purchase agreement to acquire a 10% stake in FGP TopCo (TopCo), the holding company of Heathrow Airport Holdings Ltd, from Ferrovial S.A. Under the terms of the agreement, PIF will acquire 10% in TopCo, and Ardian through its infrastructure ...

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Business & Money | Wednesday 29 November, 2023 10:36 am

MBC JOINS THE RED SEA INTERNATIONAL FILM FESTIVAL AS A PRINCIPAL SPONSOR

The Red Sea International Film Festival is proud to announce MBC as its principal sponsor for 2023. MBC Group has been a staunch supporter of the festival since its inception in 2021, marking their third consecutive year of sponsorship. MBC Group is the largest and leading...

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Business & Money | Wednesday 29 November, 2023 9:50 am

ENOC Group honours the nation’s remarkable journey on its 52nd UAE National Day

In celebration of the 52nd UAE National Day, ENOC Group joined the nationwide celebrations with a range of traditional and fun-filled activities held at its head office in Dubai. This year, marking 2023 as the Year of Sustainability, the Group celebrations also included traditional...

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Business & Money | Wednesday 29 November, 2023 9:47 am

Abu Dhabi showcases success of economic diversification at Fortune Global Forum

Abu Dhabi is continuing to show stellar growth proof government initiatives to diversify the economy, boost the private sector and attract more foreign director investment are paying dividends.   Speaking at the Fortune Global Forum Today, His Excellency Ahmed Jasim Al Zaabi,...

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Business & Money | Wednesday 29 November, 2023 9:45 am

ADX launches FTSE Russell ESG Screened Index, ahead of COP28

Abu Dhabi Securities Exchange (ADX), one of the world’s fastest-growing markets, is delighted to announce the launch of its inaugural ESG (Environmental, Social, and Governance) benchmark index. This launch, ahead of COP28, marks a significant step towards advancing sustainable investment...

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Business & Money | Wednesday 29 November, 2023 9:44 am

Dubai Customs Unveils Spectacular Festivities to Mark UAE's 52nd National Day

As part of the festivities marking the 52nd National Day of the United Arab Emirates, Dubai Customs organized a celebration at its main building in honor of this significant national event.  The festivities encompassed diverse activities and contests in the heritage village, traditional...

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Business & Money | Wednesday 29 November, 2023 9:34 am

Kingdom Holding buys Prince Alwaleed’s shares in Citigroup for SAR 1.7B

Kingdom Holding Co. (KHC) acquired the shares owned by Chairman Prince Alwaleed bin Talal in Citigroup for SAR 1.69 billion ($449.57 million).    Accordingly, KHC raised its stake in Citigroup to 2.2% from 1.63%, the company said in a statement to Tadawul, adding that the deal...

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Business & Money | Wednesday 29 November, 2023 7:49 am

Multiple New Hedge Funds Establish in DIFC, Reconfirming Dubai’s Position as a Top Global Hub for Industry

Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, today confirmed that unprecedented numbers of hedge funds continue to set up in the Centre, boosting Dubai’s reputation as the region’s top location for the...

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