Economy page

The board of directors of Al-Drees Company recommends distributing cash dividends of SAR 200 million for the year 2025, at a rate of SAR 2 per share. Learn about the eligibility details and the date of the general assembly meeting.

Details of the deal for Knauf Germany to acquire 63.2% of the shares of United Mining for 504 million riyals, and the intention to submit an offer for full acquisition at a price of 57 riyals per share.

Knowledge Economic City signed a contract with Astra Construction worth 32.48 million riyals to implement the Riyadh Schools Complex in Madinah, as part of a strategic partnership with the Misk Foundation.

Wasam Business Company announced the award of a SAR 1.58 million contract with the Saudi Export Development Authority for an IT systems upgrade project. Learn more about the deal and its significance.

Al Munif Company signed a memorandum of understanding with the Turkish company Unipa to study the establishment of a fertilizer factory with investments of up to 112.5 million riyals, to support agriculture and food security.

Signworld announced that it has received a purchase order from Faden to install a giant screen in Mecca worth 9.36 million riyals, which will boost its future revenues.

Sumou Real Estate has signed a contract with the Holy Capital Municipality to develop the infrastructure of the Al-Shara'i' Grant Scheme in Makkah. Learn more about the contract details, its duration, and the expected financial impact.

Modern Mills Company signed an agreement to purchase corn worth 21.37 million riyals from Al Ghurair Company. Learn about the details of the deal, its expected financial impact, and the relationship between the contracting parties.

Eastern Pipes Company has signed a contract with Ali Shar Contracting Company worth over 60 million riyals for the coating of steel pipes. Learn more about the contract details and its expected financial impact.

Natural gas prices in Europe have jumped by more than €40 per megawatt amid concerns about colder temperatures. Learn about the reasons for the increase and its economic impact.