Economy page

Koml announced the signing of a memorandum of understanding to acquire a majority stake in Kan Medical. Learn more about the deal and its significance for the medical industry in Saudi Arabia.

Shaker Company's general assembly approved a 22% capital increase through the issuance of bonus shares and approved the employee stock ownership plan. Learn about the eligibility details and distribution date.

Bunya Real Estate Company, a subsidiary of Saudi Arabia’s Al-Aqaria Company, signed a credit facility agreement with Al-Inma Bank worth 550 million riyals to support infrastructure projects and expand its business.

Learn about the details of the relocation of the headquarters of the Gulf General Insurance Company to the Al-Khalidiyah district in Jeddah, and the new national address, with confirmation that the claims department will remain in its current location.

Saudi Ceramics announces the transformation of its Sahara Mines subsidiary into a closed joint-stock company. Learn about the restructuring details and the importance of this step in supporting the mining sector and its alignment with Vision 2030.

Jana Medical Company announced the resignation of Ziad Al-Suleis from his position as CEO and member of the Board of Directors. Learn about the reasons for the resignation, its effective date, and its impact on the company.

Bupa Arabia's board of directors recommends restructuring the company and splitting it into two companies in line with Vision 2030. Learn more about the transformation into a holding company and the date of the general assembly.

Bank Albilad completes the issuance of $500 million in additional Tier 1 capital sukuk with a yield of 6.37%, to enhance capital adequacy and support economic growth in line with Vision 2030.

Details of the success of Saudi Telecom Company (stc) in issuing $2 billion in international bonds on the London Stock Exchange, with an explanation of the returns, maturity periods and the economic importance of the move.

Ethiopia launches the construction of Bishoftu International Airport, Africa's largest, with a capacity of 110 million passengers. Learn more about the details of this massive project and its economic impact.