Business & Money | Monday 13 May, 2024 10:28 am

Mohammed Hadi Al-Rasheed IPO 683% oversubscribed, priced at SAR 28

Mohammed Hadi Al-Rasheed Co. successfully completed its initial public offering (IPO) on the Nomu-Parallel Market. The offering was 682.99% oversubscribed, Yaqeen Capital, the financial advisor and lead manager, said. The necessary paperwork will be completed with Saudi Exchange ...

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Tourism & Hospitality | Monday 13 May, 2024 10:03 am

GACA to increase general aviation sector’s GDP contribution tenfold by 2030

The General Authority of Civil Aviation (GACA) plans to unveil a general aviation roadmap at the 2024 Future Aviation Forum (FAF 2024), which takes place in Riyadh on May 20–22, with the goal of increasing the general aviation sector's GDP contribution by tenfold to $2 billion by 2030. The...

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Technology & IT | Monday 13 May, 2024 9:48 am

The Ministry of Investment of Saudi Arabia (MISA) Signs MoU with Ant International to Expand Business in Saudi Arabia

The Ministry of Investment of Saudi Arabia (MISA) has signed a Memorandum of Understanding (MoU) with Ant International, to facilitate the business expansion into the Kingdom. Ant International’s President, Douglas Feagin, met with Mr. Eng Saleh Khabti, Deputy Minister of Investment of Saudi ...

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Tourism & Hospitality | Monday 13 May, 2024 9:33 am

DoubleTree by Hilton Sharjah Waterfront Hotel and Residences voted Sharjah’s Leading Hotel for the Second Consecutive Year

DoubleTree by Hilton Sharjah Waterfront Hotel & Residences is proud to announce that it has been voted Sharjah’s Leading Hotel for the year 2024 by the prestigious World Travel Awards. This marks the second year the hotel has received this distinguished accolade, ...

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Tourism & Hospitality | Monday 13 May, 2024 9:24 am

Major General Sultan Yousef Al Nuaimi Acknowledges Ajman Tourism's Contributions at Arabian Travel Market 2024

Major General Sultan Yusuf Abdul Rahman Al Nuaimi, Director-general of Residency and Foreigners Affairs at the Federal Authority for Identity, Citizenship, Customs & Port Security, acknowledged the Ajman Department of Tourism Development’s contributions during his visit to Ajman platform at...

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Beauty & Style | Monday 13 May, 2024 9:16 am

Second edition of Saudi Food Show surges in size, expanding global reach and influence

Building on the phenomenal success of its inaugural 2023 edition, the second Saudi Food Show - the largest global F&B sourcing event in the Kingdom - promises to surpass the first on every level. Taking place from 21-23 May at Riyadh Front, this year’s edition will be packed with exhibitors,...

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Technology & IT | Monday 13 May, 2024 9:15 am

Moro Hub Presents Smart Salem Medical Center with a Green Certificate for Environmental Commitment

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), presented a Green Certificate to Smart Salem Medical Center L.L.C, a leading healthcare provider committed to innovation and sustainability, for its exemplary efforts in reducing carbon...

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Technology & IT | Monday 13 May, 2024 9:02 am

Expo Centre Sharjah to offer digital payment services for exhibitors, visitors

Expo Centre Sharjah has signed a strategic partnership agreement with Magnati and PayRow Payment, leading digital payment solutions and service providers. The partnership underscores Expo Centre Sharjah's unwavering commitment to boosting digital transformation in the UAE's exhibition and...

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Business & Money | Monday 13 May, 2024 8:56 am

First Mills completes buyback of 300,000 shares for employee share scheme worth SAR 25.4M

First Milling Company (First Mills), a market-leading player in the Kingdom's milling industry, completed the buyback of 300,000 shares (representing 0.54% of its shares) to be allocated for the employee share scheme. According to a statement on Tadawul, the deal is valued at SAR 25.36...

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Business & Money | Monday 13 May, 2024 8:53 am

Al Akaria pens SAR 532.1M deal with Diriyah Gate

Saudi Real Estate Co. (Al Akaria) signed on May 9 a contract worth SAR 532.1 million, inclusive of VAT, with Diriyah Gate Development Authority (DGDA) for the implementation of excavation works for Car Park A, Car Park B, and related works, according to a filing to Tadawul. The contract...

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