Economy page

The board of directors of Binaa Steel Industries has decided not to complete the construction of the Riyadh plant. Learn about the reasons for the decision and the company's strategy to invest in its land holdings to maximize shareholder returns.

The company “Tobi” signed a contract with the Social Insurance Organization worth 115 million riyals to operate and develop telephone service centers and digital infrastructure for a period of 3 years.

Details of Caterion's acquisition of a majority stake in Gulf Catering for SAR 440.8 million, and the importance of the deal in supporting the expansion strategy in the Saudi hospitality sector.

Gold is on track for its best performance in four decades, and silver is poised to jump 145% in 2025. Learn about the precious metals' performance and the historical closing prices of platinum and palladium in this report.

Gulf Training Company, through its subsidiary Smart Link, signed a contract with the Electricity Regulatory Authority worth 15.9 million riyals to operate the call center and digital channels for a period of 24 months.

The STC board of directors has recommended the purchase of 26 million shares for its employee incentive program, funded through self-financing. Learn more about the decision, its strategic importance, and the voting date.

Eastern Development Company announced the extension of Fayez Bin Mahfouz's appointment as CEO for another year. Learn more about the decision, its effective date, and its importance to the company's stability.

The board of directors of Binaa Steel Industries has approved the move from the Nomu to the main market on Tadawul. Learn about the details of the decision, its economic significance, and its impact on the company's stock.

Asas Makin Company signed a contract to sell three residential buildings in the Al-Aarid district of Riyadh to Al-Raya Real Estate for SAR 77.14 million. Learn more about the deal and its financial impact.

Foreign ownership of real estate in Saudi Arabia comes into effect tomorrow. Learn about the permitted areas, the exceptions in Mecca and Medina, and the regulations and fees for residential and commercial investment.