Business & Money | Tuesday 20 October, 2026 8:00 am

10th FII edition postponed to 2027: Report

The Future Investment Initiative (FII) Institute has postponed the 10th edition of its annual conference to 2027, Asharq Bloomberg reported. The event had been scheduled for Oct. 26–29 in Riyadh. In a message to participants today, the institute said the postponement would ensure that the...

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Business & Money | Sunday 18 October, 2026 8:00 am

MOMAH puts municipal land investment rules up for public consultation

Saudi Ministry of Municipalities and Housing (MOMAH) put a draft of the rules governing investment in municipal land up for public consultation via the Istitlaa platform, with a deadline of Nov. 10, 2026. The rules aim to establish mechanisms for investing in municipal land in exchange for...

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Business & Money | Thursday 15 October, 2026 8:59 am

Digital. Intelligent. Resilient.: ZainTECH evolves brand promise ‘What’s next is now’ as it unifies operations and accelerates regional expansion.

To accelerate the next phase of its growth, ZainTECH, the integrated digital solutions arm of Zain Group, has evolved its brand promise to ‘What’s next is now,’ reflecting the meaningful business outcomes it delivers to more than 1,600 organizations and government customers through its...

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Business & Money | Thursday 15 October, 2026 8:00 am

NWC Completes Water Pipeline and Network Project in Al-Dawadimi at SR 74+m

The National Water Company announced the completion of a water pipeline and network project at Al-Dawadimi Governorate in Riyadh Region, at a total cost exceeding 74 million Saudi Riyals. This project is part of its ongoing efforts to develop the water sector’s infrastructure. The company...

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Business & Money | Thursday 15 October, 2026 8:00 am

Industry Ministry issues 438 licenses in July

Saudi Arabia’s Ministry of Industry and Mineral Resources issued 438 new industrial licenses in July 2026, while 189 factories began production, the ministry said in a report. The ministry’s spokesman, Jarah Al-Jarah, said in a statement that the monthly report tracking industrial...

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Business & Money | Thursday 15 October, 2026 8:00 am

MIS signs SAR 179.8M contract with KSMC

Al Moammar Information Systems Co. (MIS) said it signed a contract worth SAR 179.78 million, including VAT, for the operation, maintenance, and repair of medical devices and equipment at King Saud Medical City (KSMC). In a statement on Tadawul, the company said the project includes providing...

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Business & Money | Wednesday 14 October, 2026 2:45 pm

Golden Chicken Farms wins biosecurity leadership award and launches Saudi Arabia’s first fresh ready-to-eat chicken range

Golden Chicken Farms, one of Saudi Arabia’s leading integrated poultry producers, received the Leadership Award in Biosecurity for Safe Poultry Production at the Middle East Poultry Expo 2026, where it also entered the ready-to-eat segment with the launch of MADE READY, which the company...

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Business & Money | Wednesday 14 October, 2026 8:00 am

Saudi Steel Pipe wins SAR 177M contract from Aramco

Saudi Steel Pipe Co. was awarded today, Oct. 13, a contract from Saudi Aramco to supply steel pipes for the oil and gas applications, at an estimated value of SAR 177 million. In a statement to Tadawul, the company said the contract involves a purchase order for the supply of steel pipes for...

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Business & Money | Tuesday 13 October, 2026 8:00 am

Al Yamamah Steel’s contracts backlog hits SAR 1.1B; sales, profit likely to grow in 2027: CEO

Sahal Al-Thobaiti, CEO of Al Yamamah Steel Industries Co., said that the company’s current contracts backlog is valued at approximately SAR 1.1 billion, adding that it expects to secure additional contracts before the end of 2026. In an interview with Asharq Bloomberg on the sidelines of the ...

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Business & Money | Tuesday 13 October, 2026 8:00 am

SRC launches second mortgage-backed securities transaction

The Saudi Real Estate Refinance Co. (SRC), a PIF-owned subsidiary, announced the launch of the Kingdom's second residential mortgage-backed securities (RMBS), the first domestic issuance of its kind to receive publicly disclosed credit ratings from Moody’s and Fitch. The second issuance is...

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