TARSHID launches energy efficiency project in Kingdom Tower in Riyadh
The National Energy Services Company, TARSHID, and the Trade Center Company, owned by Kingdom Holding, have signed a contract to start the detailed study required for retrofitting the Kingdom Tower in Riyadh and its associated facilities. This aims to increase energy efficiency and reduce energy consumption in the tower, which is one of Riyadh’s […]
SAPTCO signs 5-year public transport contract with Jazan Municipality
Saudi Public Transport Company (SAPTCO) has signed a five-year contract with Jazan Municipality to operate a public transport bus network in Jazan governorate (Jazan, Sabya and Abu Arish). The contract is valued at 93 million Saudi riyals ($24.79 million), the company said in a statement to the Saudi stock exchange on Tuesday. In April, the […]
Saudi Real Estate Refinance Company completes its latest sukuk issuance of $933mln
The Saudi Real Estate Refinance Company (SRC), wholly owned by the Public Investment Fund (PIF), has successfully completed its latest Sukuk issuance of SAR3.5 billion. This marks the sixth tranche under the upsized Saudi-Riyal-denominated 20 billion Sukuk program, guaranteed by the Kingdom of Saudi Arabia through the Ministry of Finance. The latest tranche demonstrates strong […]