Saudi Arabia, UAE inform IMF of funding to Pakistan
Saudi Arabia and the UAE have intimated to the International Monetary Fund (IMF) on financing to Pakistan, the South Asian country’s Finance Minister Ishaq Dar told ARY News channel. Saudi Arabia and the UAE have confirmed the provision of $2 billion and $1 billion, respectively, to Pakistan, he told the news channel on Monday. Dar […]
Alkhorayef Water wins $432mln project contract
Alkhorayef Water and Power Technologies Company was awarded a long-term operation and maintenance deal valued at SAR 1.62 billion with the National Water Company (NWC) on 17 April. Alkhorayef Water will handle the design, rehabilitation, full operation, and maintenance works of the existing three sewage treatment plants (STPs) in Riyadh. The STPs are Manfouha […]
Saudi’s Haramain high-speed railway transported more than 818,000 passengers during Ramadan
Saudi Arabia Railways (SAR) has announced the successful implementation of its operational plan for Ramadan in 1444 AH. The number of passengers who used the Haramain High-Speed Railway during this period reached over 818,000, indicating a 265% increase compared to the same period last year. Moreover, SAR operated over 2,540 trips, with the number […]
Retal pens over $111.46mln contract with National Housing
Retal Urban Development Company and National Housing Company inked a development agreement worth SAR 418.31 million on 18 April, according to a bourse disclosure. Under the 42-month deal, the two companies will team up to establish residential villas on a total area of 98,098 square metres within the master plan of the East Albuhirat […]
Alkhaleej Training shifts to profits in 2022 results
Alkhaleej Training and Education Company turned profitable at SAR 224,214 in 2022, against net losses after Zakat and tax of SAR 33.34 million in 2021. The Saudi firm generated SAR 880.89 million in revenue as of 31 December 2022, up 4.34% year-on-year (YoY) from SAR 844.21 million, according to the annual income statements. Earnings […]