Economy

The Perfect Presentation Company (Tobi) announces the renewal of a Sharia-compliant banking facilities agreement with Alinma Bank worth 135 million riyals to finance new projects until 2027.

Al-Qassim Investment Holding Company (JACO) announced a reduction in zakat dues for the years 2021 and 2022 by an amount of 4.39 million riyals, which will have a positive impact on the 2025 financial statements.

Summit Technologies announced the issuance of SAR 10 million in sukuk through Afaq Financial. Learn more about the subscription details, target groups, and the offering period ending in May 2026.

Al-Hasoub Trading Company announced that it has obtained Islamic financing from Al Rajhi Bank worth 10.2 million riyals for a period of 4 years to support its strategic plans and expansion in the Saudi market.

A subsidiary of Red Sea International signed a SAR 200 million financing agreement with Saudi Investment Bank. Learn more about the guarantees and financing objectives to support projects.

The Arab Company for Technical Contracting has won a 10-year advertising contract worth over 120 million riyals for 18 Saudi airports. Learn more about the project and its strategic importance.

The Tadawul All Share Index (TASI) closed at 10,912 points, up 0.9%, with trading exceeding 3 billion riyals. A detailed analysis of the performance of Saudi stocks and the parallel market (Nomu) today.

The Saudi Ministry of Human Resources announces a reduction in the unemployment rate to 7.5% and the number of Saudis in the private sector reaching 2.5 million, with the documentation of 700,000 flexible work contracts for the year 2025.

Fahd Al-Faraj was elected Chairman of the Board of Directors of the Eastern Province Chamber for the 20th session, with Hamad Al-Khaldi and Mohammed Al-Majdoui as deputies, to support the objectives of Vision 2030 and enhance the region’s economy.

The National Real Estate Development Committee confirms that the liquidation of bank properties to settle debts is an existing procedure, and clarifies the details of the new Saudi Central Bank circular regarding data upload plans.