Category: Business
Business
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Al‑Futtaim Retail Buys 49.95% of Cenomi Retail for SAR 2.5B
Riyadh, Saudi Arabia — Al‑Futtaim Retail has agreed to acquire a 49.95% stake in Cenomi Retail for...
Business
Saudi Stock Market Opens to Direct GCC Individual Investors
Riyadh, Saudi Arabia — In a major regulatory development, individual investors residing in Gulf...
SACO Sells Riyadh Warehouse for SAR 140M to Fund Expansion, Cut Debt
Riyadh, Saudi Arabia — Saudi Company for Tools and Hardware (SACO) has sold its warehouse in...
Saudi Inflation Rises to 2.3% in June 2025 on Housing, Fuel Surge
Riyadh, Saudi Arabia — Saudi Arabia’s annual inflation rate reached 2.3% in June 2025, driven...
Advanced Petrochemical Q2 Profit Soars 95% as Feedstock Costs Drop
Riyadh, Saudi Arabia — Advanced Petrochemical Company reported a 95.23% surge in net profit for Q2...
Jarir Q2 Profit Surges 15% Despite Flat Sales, Hits SAR 197M
Riyadh, Saudi Arabia — Jarir Marketing Company posted a 15.25% year-on-year increase in net profit...
Saudi Awwal Bank Wins Euromoney’s Best Bank in Kingdom for 2025
Riyadh, Saudi Arabia — Euromoney has named Saudi Awwal Bank the Best Bank in the Kingdom for 2025....
Neo Space Group Finalizes Acquisition of UP42 from Airbus
Riyadh, Saudi Arabia — Neo Space Group (NSG), Saudi Arabia’s leading commercial space services...
CMA Approves Easier Investment Access for New Foreign Investor Groups
Riyadh, Saudi Arabia — The Capital Market Authority (CMA) approved amendments to streamline the...
Business
Saudi Launches Genetic Program to Boost Cow Milk Output
Riyadh, Saudi Arabia — The National Livestock & Fisheries Development Program announced a...
IMF Applauds Saudi Labor Reforms, Sees Gains in Jobs and Inclusion
Riyadh, Saudi Arabia — The International Monetary Fund (IMF) commended Saudi Arabia’s IMF Saudi...
Jadwa Forecasts 4.3% Growth in Saudi Non-Oil Economy for 2025
Riyadh, Saudi Arabia — Jadwa Investment expects the Saudi non‑oil economy to grow by 4.3% in 2025....
WSM IT Signs SAR 500M Government Framework Deal Over 3 Years
Riyadh, Saudi Arabia — WSM Al Aamal for Information Technology has signed a WSM government...
Jahez Acquires 76.56% of Qatar’s Sanuno in $214M Deal
Riyadh, Saudi Arabia — The Jahez Sanuno acquisition of the Qatar deal marks a significant move in...
Saudi POS Transactions Hit SAR 14.3B in First Week of July 2025
Riyadh, Saudi Arabia — Saudi POS transactions in July 2025 reached SAR 14.3 billion across 230.49...
Extra Q2 Profit Rises 16.8% to SAR 124.5M, Tasheel Powers Growth
Riyadh, Saudi Arabia — United Electronics Company (Extra) posted a 16.79% year‑on‑year increase in...
SAMA Launches New E-Commerce Payment Interface to Boost Digital Growth
Riyadh, Saudi Arabia — The Saudi Central Bank (SAMA) has launched a new e-commerce payment...