Tourism & Hospitality | Wednesday 17 April, 2024 9:50 am

New airlines connecting Kingdom with Africa to be launched soon: Report

A new Saudi airline will soon be launched in Riyadh by an investor to link Saudi Arabia and the African continent, with the aim of supporting tourism and investment, Al Eqtisadiah News Paper reported, citing informed sources. Regulatory approvals have been obtained from both the local sides...

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Tourism & Hospitality | Wednesday 17 April, 2024 9:46 am

Passenger traffic in Saudi airports rises 26% to 112M in 2023

The air traffic in the Kingdom in 2023 reached an unprecedented record number in terms of passengers, whose number reached about 112 million passengers through various airports in the Kingdom, with a growth rate of 26% year-on-year, and more than 8% compared to 2019, which confirms the recovery of...

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Business & Money | Tuesday 16 April, 2024 9:48 am

Ladun Investment signs SAR 573M facility with Al Rajhi Bank

Ladun Investment Co.’s board of directors approved signing a Shariah-compliant credit facilities agreement with Al Rajhi Bank to finance the company and affiliated Built Industrial, at a total value of SAR 573 million, according to a statement to Tadawul. The financing facility was obtained...

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Business & Money | Tuesday 16 April, 2024 9:34 am

Maaden board proposes 5.69M share buyback to be held as treasury shares

Saudi Arabian Mining Co. (Maaden) board of directors recommended the buyback of 5.69 million ordinary shares, which will be allocated to the long-term employee stock incentive program, the company said in a statement to Tadawul today The shares will ...

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Business & Money | Tuesday 16 April, 2024 9:31 am

ROSHN Group awards SAR 215M contract to Dar Al Arkan

ROSHN Group announced today, April 15, the signing of an agreement worth over SAR 215 million with partner developer Dar Al Arkan for the development of residential villas in SEDRA 1A compound. The deal comes as part of the group's efforts to further strengthen its leadership in the Kingdom's...

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Business & Money | Tuesday 16 April, 2024 9:22 am

Alhokair Group begins catering contract for residential complex in NEOM

Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) said it started providing catering services at a residential complex in NEOM, as per the timetable outlined in the award letter. The company is engaged in finalizing the site preparations and appointing qualified...

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Business & Money | Tuesday 16 April, 2024 9:16 am

solutions inks SAR 140M contract with stc

Arabian Internet and Communications Services Co. (solutions) signed, on April 15, a SAR 139.95 million contract with stc to renew the VMware licenses and provide technical support and maintenance services, according to a statement to Tadawul. The contract will extend for three years, the...

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Government | Monday 15 April, 2024 10:51 am

Localizing insurance product sales jobs takes effect today

The decision issued by the Insurance Authority (IA) to localize all sales positions in insurance products goes into effect today, April 15. The decision stipulates that non-specialized sales employees will not receive any sales-related commissions. The IA will monitor the implementation...

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Business & Money | Monday 15 April, 2024 8:45 am

NEOM Hosts Global Contractor Forum to Shape Future Projects

⦁ Over 100 leading global construction companies briefed on the current progress of construction and breadth of opportunities on key projects throughout NEOM.⦁ Nadhmi Al-Nasr, CEO of NEOM, emphasized the progress on the ground, the scale of future opportunities and commitment to collaborating...

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Government | Monday 15 April, 2024 8:41 am

Saudi Finance Minister Heads Kingdom's Delegation ‏to IMF-WBG 2024 Spring Meetings

His Excellency the Saudi Minister of Finance, Mr. Mohammed Aljadaan, will head the Kingdom's delegation at the International Monetary Fund and World Bank Group 2024 Spring Meetings, to be held April 15-20, 2024 in Washington, D.C., United States.   ‏The Saudi Delegation will...

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