KSA’s Jabal Omar secures $266mn loan for capital structure optimisation plan

Jabal Omar, the Saudi developer, has announced that it has secured a $266.3 million loan from Bank Abilad as part of its...

Construction

Alkhorayef awarded $35m storm water maintenance contract by Jeddah Municipality

Saudi Arabia’s Alkhorayef Water and Power Technologies Company has announced that it has been awarded a $35 million storm water maintenance contract...

Construction

EEC appoints new chairman and vice-chairman

Emaar, The Economic City (EEC), the master developer behind the Jeddah-based King Abdullah Economic City (KAEC), the largest-privately funded new city in...

Construction

ACC awards $68.5m contract to Lynx Contracting for construction of Madina Walk

Arabian Centres Company (ACC), the owner, developer and operator of lifestyle shopping centres in Saudi Arabia, has awarded a $68.5 million contract...

Consultant

KEC signs agreement to be development manager for Madinah Gate project

Knowledge Economic City Company has announced it has signed a conditions agreement with Riyadh Capital Company to become the development manager for...

Consultant

KSA’s Jadwa to distribute $5m in cash dividends to unit holders of its REIT AlHaramain Fund

Jadwa Investment, a leading investment management and advisory firm in Saudi Arabia, has announced plans to distribute cash dividends worth $4.92 million...

Property

Saudi property shares hit by decision to tax undeveloped land

Shares in Saudi property firms sunk on Tuesday following a cabinet decision to tax undeveloped land in urban areas.The real-estate development sector fell...

Construction

MMG share trading suspended over delayed Q2 statements

Trading in shares of Saudi-based Mohammad Al Mojil Group (MMG) has been suspended by the Kingdom’s market regulator, after the troubled construction...

Construction

Tadawul evaluating bids for $266m tower

Contractors submitted their bids last week to the Saudi Stock Exchange (Tadawul) Company for the mechanical, electrical and plumbing (MEP) contract for...