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Press Dossier   By Date  29/01/2025
Closing Bell: Saudi Arabia’s main index closes in green at 12,421
Saudi Arabia’s Tadawul All Share Index edged up on Tuesday, gaining 47.75 points, or 0.39 percent, to close at 12,420.64.
Saudi sovereign wealth fund’s $4bn bond offering four times oversubscribed
Saudi Arabia’s Public Investment Fund has successfully priced a $4 billion bond issuance, divided into two tranches.
Saudi Arabia’s NHC to offer affordable homes 20% below market rates, CEO says
Saudi Arabia’s state-owned developer NHC will price units 20 percent below market rates as part of its strategy to meet the surging demand for affordable housing, revealed its CEO.
Saudi telecom firm stc secures $8.7bn contract with government entity
Saudi telecom giant stc has signed a contract worth SR32.64 billion ($8.71 billion) with an undisclosed government entity to build, operate, and provide telecommunications infrastructure services.
Abu Dhabi property deals up 24.2% in 2024 as foreign investment soars
Abu Dhabi’s real estate market experienced a 24.2 percent year-on-year growth in 2024, with a total of 28,249 transactions, driven by sustained demand, strategic projects, and a focus on market transparency, official data revealed.
Saudi Arabia’s property market set for growth with billions in new projects
The Saudi real estate landscape is poised for substantial growth, as industry leaders, policymakers, and investors gathered at the Real Estate Future Forum in Riyadh to unveil major developments in property investment and tourism.
SAMA permits full public launch of STC Bank in digitalization push
The Saudi Central Bank, also known as SAMA, has authorized STC Bank to launch its full operations in Saudi Arabia.
EVIQ, BYD sign deal to expand Saudi Arabia’s EV charging network
High-speed electric vehicle charging stations are set to be installed at Al-Futtaim Electric Mobility locations across Saudi Arabia, thanks to a new deal to boost the industry.
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