Economy page

The board of directors of Koml announced its approval of the company’s transfer from the parallel market ‘Nomu’ to the main market ‘TASI’, in a strategic move that reflects the company’s growth and development.

Saudi Arabian Airlines (SAL) has signed an agreement with Riyadh Aviation to provide logistics services and lease facilities at King Khalid International Airport, in a strategic move that supports the Kingdom’s Vision 2030.

Shalfa Facilities Management Company announced the renewal of a Sharia-compliant credit facility agreement with Riyad Bank worth SAR 294.7 million to finance its projects and enhance its growth.

Mayar Holding, through its subsidiary Jadaya Halal, announced the signing of a contract to lease a poultry slaughterhouse in Buraidah worth 70 million riyals to enhance food security and support the local economy.

The Saudi stock market index “TASI” recorded a rise of 0.3% at the start of trading, supported by the positive performance of most companies, reflecting confidence in the local economy.

Tobi announced the transfer of 20.74% of its shares from Al-Amthal Business Company to its original owners. Learn more about the deal and its impact on the ownership structure and the Saudi market.

The Saudi Paper Manufacturing Company announced the early repayment of a loan worth 70.3 million riyals, in a strategic move to restructure its debts and improve its cash flow with the support of new financing.

Naqi Water Company announced the signing of an agreement to purchase 230,000 laying chicks, as part of its expansion plan in the poultry sector in Qassim, with the aim of enhancing Saudi food security.

Al-Mousa Healthcare Company signed a contract with BEC Arabia worth 657.5 million riyals to establish a new specialized hospital in Al-Khobar, in line with Vision 2030 to develop the health sector.

Major Mining Factories Company (AMAC) announces that it has obtained a license to exploit the Katina gold mine in Najran, which strengthens its expansion plans and supports the goals of the Kingdom’s Vision 2030.