Economy page

Riyadh Development Company announced that it has relinquished the contract for developing the wholesale market in Riyadh to its subsidiary, Fresh Produce Supply Chain Solutions, in a strategic move to enhance efficiency.

Analysis of the reasons for gold prices remaining above $2300, and the impact of US economic data on the Federal Reserve's decisions and expectations of interest rate cuts.

Summit Technologies announced the successful issuance of SAR 10 million worth of sukuk through the Afaq Financial platform, in a move that reflects the growth of the debt instruments market for small and medium-sized enterprises in Saudi Arabia.

SAL Saudi Logistics Services Company recorded strong growth in net profit for the fourth quarter of 2023, at 42% year-on-year, supported by improved operational efficiency.

The Arab Company announced the extension of its billboard operation contract with Rimat Riyadh for an additional 6 months, which strengthens the strategic partnership and supports the development of the capital's urban landscape.

Cisco Holdings' Greendom has completed its acquisition of Transcorp Logistics. Learn more about the deal and its strategic impact on Vision 2030.

Zain Saudi Arabia announced that its annual profits for 2023 grew to 604 million riyals, driven by record revenues thanks to the expansion of 5G services and the business sector.

Al Masar Al Shamel Education Company announced an 8.6% increase in its profits to reach 130.4 million riyals in 2025, driven by revenue growth, and recommends distributing cash dividends.

Thimar Development Holding Company announced the sale of a 700,000 square meter plot of land in Al-Kharj for 5.14 million riyals, in a strategic move to support the financial reorganization plan.

Sumou Real Estate Company announced the signing of an agreement to develop 758 residential units in the Anara project in Riyadh, with a total value of 766 million riyals, in line with Vision 2030.