‎Gold prices hit all-time high
Friday, March 28,2025,12:03

‎ Gold bars Gold prices surged on Friday to an all-time high, amid escalating concerns about a global trade war, prompting investors to seek safe havens. Gold futures for June delivery rose 0.9%, or $27.9, to $3,118.8 per ounce at 10:25 am Makkah time. Gold spot prices increased 0.77%, or $23.56, to $3,080.85, marking a record high and boosting their weekly gains to 1.8%. They are also heading for their fourth consecutive weekly gains. Silver futures for May delivery climbed 0.83% to $35.38 per ounce, while platinum spot prices increased to $990.93. The US dollar index, which gauges the greenback's strength against a basket of six currencies, stabilized at 104.33 points. Gold has the wind... .. read more..

Two bid for Madinat Zayed IPP contract
Friday, March 28,2025,11:54

The Madinat Zayed IPP is expected to begin commercial operations in Q3 2027 .. read more..

Miahona wins $267m Modon wastewater plant deal
Friday, March 28,2025,11:54

The wastewater treatment plant will be located in Jeddah 1st Industrial City .. read more..

Masdar completes Valencia solar deal
Friday, March 28,2025,11:54

The 234MW solar plant is expected to be operational in the first half of 2027 .. read more..

Saipem moves to maintain grip on the Gulf offshore market
Friday, March 28,2025,11:54

The Italian contractor's leading position is being challenged by other players targetting the region's project spending bonanza .. read more..

Emirates to migrate to solar-powered data centre
Friday, March 28,2025,11:54

Dubai inaugurated the 6.5MW first phase of Dewa's Moro Hub in 2023 .. read more..

Libya plans to tender oil expansion project
Friday, March 28,2025,11:54

The project will increase the production capacity at Libya’s North Hamada field by 5,000 barrels a day .. read more..

‎Brent crude prices rise above $74/barrel
Friday, March 28,2025,10:47

‎ Oil drilling rigs Oil prices rose on Thursday as markets assessed the risks of the escalating trade war, coinciding with concerns over potential supply shortages. Brent crude futures for May delivery rose over 0.3%, or $0.24, to $74.03 a barrel. Additionally, futures prices for US West Texas Intermediate (WTI) crude for May delivery added 0.4%, or $0.27, to $69.92 per barrel. India's Reliance, operator of the world's biggest refining complex, will halt Venezuelan oil imports after the US announced a 25% tariff on nations buying crude from the South American nation, three sources said on Wednesday, Reuters reported. Markets are anticipating whether the Trump administration will impose ta... .. read more..

Penspen awarded pipeline contract
Friday, March 28,2025,07:42

The UK-based company is going to update the feasibility study for the $13bn Trans-Saharan Gas Pipeline .. read more..

Abu Dhabi plans next 1.5GW solar project
Friday, March 28,2025,07:42

Ewec forecasts that at least 18,000MW of solar PV will be in operation by 2035 .. read more..

‎Saudi Cable CEO says capital increase file 'on right track'
Friday, March 28,2025,00:17

‎ Khalid Khashogji, CEO and Managing Director of Saudi Cable Co. Khalid Khashogji , CEO and Managing Director of Saudi Cable Co. , said revenue growth is driven by rising demand and the scale of ongoing projects in Saudi Arabia. This prompted the company to enhance its customer base to keep up with the momentum of the local economy, Khashogji told Argaam . .. read more..

‎US stocks fall on worries about inflationary impact of tariffs
Thursday, March 27,2025,23:58

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‎Al Rajhi Takaful to provide insurance coverage for Al Rajhi Bank’s mortgage ...
Thursday, March 27,2025,20:12

‎ Logo ofAl-Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) Al-Rajhi Company for Cooperative Insurance ( Al Rajhi Takaful ) signed today, March 27, with Al Rajhi Bank a contract to provide insurance coverage for real estate finance portfolio customers. The contract is valid for one year, Al Rajhi Takaful said in a Tadawul statement, expecting its total value to exceed 5% of its revenue based on the latest audited annual financial statements. For more news on listed companies The relevant financial impact is forecast to show in 2025. Meanwhile, Al Rajhi Takaful said that Chairman Abdullah S. Al-Rajhi, Deputy Chairman Saud Abdullah Al-Rajhi, and board member Naif Al-Rajhi are rel... .. read more..

‎Sinad buys 5% of WAJA in negotiated deal
Thursday, March 27,2025,20:01

‎ Logo ofSinad Holding Co. Sinad Holding Co. completed of the acquisition of a 5% stake in Waja Co. Nomu-parallel-market saw today, March 27, three negotiated deals, including two on Waja shares. The deals involved 3.5 million shares at SAR 6.50 each, totaling SAR 22.75 million. For more news and details on MAs Waja has a capital of 70 million shares, making the acquired stake 3.5 million shares. The stock closed at SAR 8.20 in Nomu today. Waja operates in contracting, advertising, communications, and IT. Sinad Holding said the move aligns with its strategy to diversify its portfolio with high-value investments that enhance shareholder returns. .. read more..

Firms prepare 1.5GW Saudi wind bids
Thursday, March 27,2025,18:52

The Dawadmi scheme is the fourth and largest wind IPP to be tendered in Saudi Arabia .. read more..

Brazilian-Chinese JV awards Oman steel plant contract
Thursday, March 27,2025,18:52

The proposed iron ore concentration plant, to be built in Sohar by Vale and Jinnan Iron & Steel, will have the capacity to process 18 million tonnes a year of iron ore .. read more..

Contractors prepare bids for Abu Dhabi chemical plants
Thursday, March 27,2025,18:52

The three chemicals plants, planned to be built in the Taziz Industrial Chemicals Zone, will produce ethylene dichloride, chlor alkali and polyvinyl chloride .. read more..

Khazna confirms MGX and Silver Lake as shareholders
Thursday, March 27,2025,18:52

G42 remains the data centre operator's majority shareholder .. read more..

‎UQDC partially repays credit facilities with Alinma Bank 
Thursday, March 27,2025,18:20

‎ Logo of Umm Al Qura for Development and Construction Co. (MASAR) Umm Al Qura for Development and Construction Co. ( UQDC ) used as much as SAR 1.5 billion from its recent initial public offering’s (IPO) net proceeds for the partial settlement of its existing credit facilities with Alinma Bank. Accordingly, the repaid credit limits are to be reinstated and made available for withdrawal to gradually finance project-related commitments as they come due, the company said in a statement to Tadawul today, March 27. The move is aimed at reducing financing costs and improving UQDC financial metrics, the statement added. In its IPO prospectus, the company said most of the offering’s proceeds wil... .. read more..

‎Adeer Real Estate releases prospectus for Nomu listing
Thursday, March 27,2025,18:14

‎ Logo of Adeer Real Estate Adeer Real Estate issued the prospectus for the offering of one million shares on the Nomu -Parallel Market. The offered shares represent 20% of the company’s capital, which stands at SAR 50 million, divided into five million shares, with a nominal value of SAR 10 per share. For More IPOs The company set the offering price for qualified investors at SAR 85 each. The IPO is limited to qualified investors as per the Capital Market Authority’s (CMA) regulations. The issue will run from May 4-8. In December 2024, the CMA had approved the company’s listing request. Founded in 2012 as Adeer Real Estate Services in the Eastern Region, the company specializes in real e... .. read more..

‎CMA OKs Naf Feed’s 400,000 share sale on Nomu
Thursday, March 27,2025,18:08

‎ Logo of Capital Market Authority ( CMA ) The Capital Market Authority ( CMA ) approved the application of Naf for Feed for Industry Co. to register and float 400,000 shares on the Nomu -Parallel Market. The shares to be offered account for 20% of the company’s two million share-capital. They will be offered to qualified investors stipulated in the glossary of defined terms used in the CMA regulations and rules. The prospectus will be published within sufficient time prior to the start of the offering. The CMA confirmed that its approval is valid for six months and will be void if the share offering and listing are not completed within this period. .. read more..

‎Unemployment rate among Saudis at historic low of 7%
Thursday, March 27,2025,15:59

‎ The unemployment rate among Saudis declined to 7% in Q4 2024, compared to 7.8% at the end of Q3 2024, according to the General Authority for Statistics’ (GASTAT) Labor Force Survey issued today, March 27. The unemployment rate among Saudi males stood at approximately 4.3%, while that of females came in at 11.9%. Meanwhile, the unemployment rate for non-Saudis reached 1.5% for the same quarter. GASTAT said the survey estimated the overall unemployment rate for the working-age population declined to 3.5% in Q4 2024, compared to 3.7% in the quarter before. The data also showed a decline in the labor force participation rate for Saudi males on a quarterly basis, reaching 66.2% in Q4 2024. A... .. read more..

‎Elon Musk: Trump auto tariffs have 'significant' impact on Tesla
Thursday, March 27,2025,12:47

‎ Elon Musk stated that the auto tariffs imposed by US President Donald Trump have a “significant” impact on Tesla. Responding to a post on X, the world’s richest man wrote: “Important to note that Tesla is NOT unscathed here. The tariff impact on Tesla is still significant.” After Trump announced a 25% tariff on all cars not manufactured in the US, he said that Musk, his advisor and Tesla’s CEO, had not shared his opinion on the matter due to a potential conflict of interest. When asked whether the new tariffs would benefit Musk’s car business, Trump said they could be either neutral or positive, citing Tesla’s assembly plants in Texas and California. He added that any entity with factor... .. read more..

‎AAIB to set up branch in Saudi Arabia: Report
Thursday, March 27,2025,12:44

‎ Logo ofArab African International Bank (AAIB) The Arab African International Bank (AAIB) is planning to set up a branch in Saudi Arabia, in a move to capitalize on the interest by some of Egypt's top investors in the Saudi market, Asharq Business reported, citing sources familiar with the matter. The sources said that the bank obtained the necessary regulatory approvals in Egypt, before seeking approval from the Saudi authorities. The size of the mega projects in the Saudi market and the large funds required to implement them were the main driver for investor interest and, in turn, for the bank to work on providing its services to customers in the Kingdom, they added. According to data ... .. read more..

‎JAZADCO falls to 52-week low
Thursday, March 27,2025,12:09

‎ Tadawul trading screen Sharesof Jazan Development and Investment Co. ( JAZADCO ) felltoday, March 27, toits lowestlevelsin52weeks, datacompiledby Argaam showed.  Stockat 52-week low* Company Price (SAR)* Performance in 52 weeks JAZADCO 12.22 (30%) *The lowest price during the session, but not the current trading price. For stock prices and market data .. read more..

‎Al Rajhi Bank among 3 banks hitting 52-week highs
Thursday, March 27,2025,12:05

‎ Tadawul trading screen Shares of three Tadawul -listed banks including, Al Rajhi Bank and Riyad Bank , hittheir highest levels in 52 weeks today, March 27, data compiled by Argaam showed. StockPrices* Company Price (SAR) Performance in 52 weeks Al Rajhi Bank 104.00 23% Riyad Bank 33.20 12% BSF 18.94 4% *The highest price during the session, but not the current trading price. For stock prices and market data .. read more..

‎Mobily sees negotiated deal worth SAR 34.8M
Thursday, March 27,2025,11:37

‎ Tadawul trading screen The Saudi Exchange ( Tadawul ) witnessed today, March 27, a negotiated deal worth SAR 34.8 million onEtihad Etisalat Co. ( Mobily ), as shown below: Details Company Stock Price (SAR) Negotiated Price (SAR) Shares Traded Deal Value (SAR mln) Mobily 60.70 60.40 576,725 34.83 For more details on negotiated deals A negotiated deal involves a stock purchase based on an agreement between buyers and sellers, apart from the market price. The negotiated dealis executedunder the control of Saudi Exchange (Tadawul) and in adherence to the relevant capital market laws and regulations. The negotiated deal does not directly impact the last deal price,highest/loweststock price, ... .. read more..

‎Al-Babtain, AlAhli REIT 1, Saudi Networkers go ex-dividend today
Thursday, March 27,2025,11:13

‎ Tadawul trading screen Shares of Tadawul-listed Al-Babtain Power and Telecommunication Co. and Saudi Networkers Services Co. have their ex-dividend today, March 27. Track the key dates calendar Additionally, units of AlAhli REIT 1 Fund will go ex-dividend today for H2 2024. Companies/Funds Going Ex-Dividend Today Company Distribution Ratio (%) Payment Date Details Al-Babtain 10% for H2 2024 Later For more details AlAhli REIT 1 2.5% for H2 2024 30 business day following record date For more details Saudi Networkers 23.5% for H2 2024 April 10, 2025 For more details .. read more..

Libya oil project shut down after just days of operation
Thursday, March 27,2025,10:45

The North Hamada field development project is being executed by US-based Schlumberger .. read more..

Iraq approves BP’s Kirkuk oil development
Thursday, March 27,2025,10:45

The final agreement has been signed .. read more..

‎Trump threatens EU, Canada with higher tariffs on anti-US cooperation
Thursday, March 27,2025,10:36

‎ US President Donald Trump US President Donald Trump has suggested imposing additional tariffs on the European Union (EU) and Canada if they collaborate to cause economic harm to the United States. If the EU and Canada cooperate to inflict economic harm on America, broad tariffs will be imposed - much higher than currently planned on each of them - to better protect their greatest friend ever, he said in a post on the Truth Social platform on Wednesday evening. The post came after Trump decided to escalate the global trade war by announcing a 25% tariff on all cars exported to the US starting April 3, aimed at strengthening the American automotive industry. .. read more..

‎MEPCO to acquire Al-Medan Project in SAR 91M deal, issue new shares
Thursday, March 27,2025,10:29

‎ Logo ofMiddle East Paper Manufacturing and Production Co. (MEPCO) Middle East Paper Manufacturing and Production Co. ( MEPCO ) signed today, March 27, a share purchase agreement to acquire full ownership of Al-Medan Project Company for Corrugated Carton (MPCCC). For more news and details on MAs The deal includes purchasing 1,000 ordinary shares, representing the entire capital of the MPCCC, for SAR 91 million. As part of the transaction, MEPCO will issue new shares to the sellers. In a statement to Tadawul, MEPCO said the sellers are Najlaa Alotaibi, Najud Alotaibi, Alwaleed Alotaibi, Amjad Alotaibi, Abdulmajeed Alotaibi, and Mohammed Alotaibi. The newly issued shares will be allocated ... .. read more..

‎Trendyol attracts over 4 million customers in GCC: CEO
Wednesday, March 26,2025,22:24

‎ Mohammed Al-Ansari CEO of e-commerce platform Trendyol in the Gulf region Mohammed Al-Ansari, CEO of e-commerce platform Trendyol in the Gulf region, said that the company has attracted more than 4 million customers in the first year of operation, making the region Trendyol’s largest international growth market after Türkiye In an interview with Argaam , Al-Ansari added that 2024 was a milestone year for Trendyol, as the GCC market contributed significantly to the company's growth, as a result of the increasing demand for high-quality, affordable and trend-driven products,, as well as the adoption of digital technologies by consumers and the evolution of shopping patterns in the region.... .. read more..

L&T wins massive QatarEnergy LNG gas project package
Wednesday, March 26,2025,21:07

The Indian contractor has been selected by QatarEnergy LNG for the $4bn-$5bn fourth package of the North Field Production Sustainability project .. read more..

Contractors submit bids for Abu Dhabi blue hydrogen project
Wednesday, March 26,2025,21:07

Adnoc has initiated a feed-to-EPC competition for Project Rabdan, which is planned to be built in Taziz and expected to have a low-carbon ammonia production capacity of 1 million t/y .. read more..

Oman’s Nama awards $143m Wadi Dayqah contract
Wednesday, March 26,2025,21:07

The water treatment plant will have a capacity of 65,000 cubic metres a day .. read more..

Sepco 3 and Doosan Enerbility sign PP12 contract
Wednesday, March 26,2025,21:07

The 1.8GW PP12 expansion plant is expected to become operational in 2028 .. read more..

April deadline for King Salman International airport runway
Wednesday, March 26,2025,21:07

Riyadh’s King Khalid International airport will eventually become part of King Salman International airport .. read more..

Bidders get more time for key Dorra gas field project package
Wednesday, March 26,2025,21:07

Al-Khafji Joint Operations is moving forward with an estimated $10bn project to produce gas from the field located in Saudi-Kuwait Neutral Zone waters .. read more..

Aramco’s recalibrated chemicals goals reflect realism
Wednesday, March 26,2025,21:07

The scope of the liquids-to-chemicals programme may have been trimmed, but the primary target remains intact, with Aramco and Sabic advancing projects to achieve their objectives .. read more..

Bid evaluation continues for Mukaab raft works
Wednesday, March 26,2025,21:07

The 400-metre-tall cubed building serves as the centrepiece of the New Murabba development .. read more..

Kuwait moves Shagaya substation bid deadline
Wednesday, March 26,2025,21:07

The network will link the Shagaya solar energy transformer station to Subiya .. read more..

‎CMA OKs IPO of 75M shares of Specialized Medical on TASI
Wednesday, March 26,2025,20:22

‎ The Capital Market Authority’s (CMA) Board of Directors approved today, March 26, the request of Specialized Medical Co. to register and offer 75 million shares for public subscription on the Main Market (TASI). The offered shares represent 30% of the company’s total 250 million shares. The CMA stated that the prospectus will be published well ahead of the subscription period. The approval remains valid for six months from the board’s decision date and will be revoked if the company fails to complete the offering and listing within this period. The company owns the SMC Hospitals brand and operates Specialized Medical Center Hospital on King Fahd Road and Specialized Medical Center Hospi... .. read more..

‎US crude oil record first drop in four weeks
Wednesday, March 26,2025,19:51

‎ Oil tanks Crude oil inventories in the United States fell for the first time in four weeks during the seven-day period ending March 21. According to data released by the US Energy Information Administration (EIA) on March 26, commercial crude oil inventories decreased by 3.3 million barrels last week, while market expectations had indicated an increase of 1 million barrels. Gasoline inventories also declined by 1.4 million barrels, while distillate stocks—which include diesel and heating oil—dropped by 400,000 barrels. US Crude Oil Petroleum Product Inventories (mln barrels) Item One Year Ago Previous Week Current Week Weekly Change Crude Oil 448.2 437.0 433.6 (3.3) Gasoline 232.1 240.6... .. read more..

‎CMA opens public consultation on draft to enhance special purpose entity gov...
Wednesday, March 26,2025,19:21

‎ Logo of Capital Market Authority (CMA) The Capital Market Authority ( CMA ) called upon relevant and interested persons and capital market participants to share their feedback on the Draft to Enhance the Governance of Special Purpose Entities (SPEs) and Facilitate their Procedures. The consultation period will run for 30 days, ending on April 29. The draft aims to improve the attractiveness of SPEs as legal entities for issuing debt instruments and investment units by enhancing their governance and facilitating their procedures. This initiative supports the CMA's strategic objectives of developing the sukuk and debt instruments market and fostering the growth of the asset management ind... .. read more..

‎SMASCO board declares 13% dividend for H2 2024
Wednesday, March 26,2025,18:23

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‎Tihama inks MoU to buy stake in Hashikom restaurant chain’s parent company
Wednesday, March 26,2025,17:41

‎ Logo of Tihama Advertising and Public Relations Co. Tihama Advertising and Public Relations Co. signed, on March 24, a non-binding memorandum of understanding (MoU) with Masar AlUla Trading Co. to mull the former’s potential acquisition of a partial stake in the latter. Based in Saudi Arabia, Masar AlUla owns and operates the Hashikom restaurant chain. It boasts extensive experience in the restaurant management and investment sector, Tihama said in a statement to Tadawul today, March 26. For more news and details on MAs The MoU covers legal and financial due diligence, an assessment by an accredited appraiser, and completion of the necessary requirements to ensure that the acquired acti... .. read more..

‎POS transactions hit SAR 14.5B last week: SAMA
Wednesday, March 26,2025,13:52

‎ POS device The point-of-sale (POS) transactions in Saudi Arabia reached nearly SAR 14.5 billion in the week ended March 22, down from around SAR 13.6 billion in the previous week. For more POS data on Argaam Tools The number of POS transactions reached about 193.6 million last week, compared to nearly 193.1 million in the previous week, according to data issued bySAMA. POS transactions represent consumer expenditure through debit and credit cards at major shopping centers, retail outlets, pharmacies, and others. read more..

‎Gulf General hits 52-week low
Wednesday, March 26,2025,12:08

‎ Tadawul trading screen Shares of Gulf General Cooperative Insurance Co. recorded their lowest level in 52 weeks today, March 26, data compiled by Argaam showed. Stock at 52-week low Company Price(SAR)* Performance in 52 weeks Gulf General 8.99 (33%) *The lowest price during the session, but not the current trading price. For stock prices and market data .. read more..

‎Tadawul sees 4 negotiated deals worth SAR 29.9M
Wednesday, March 26,2025,11:58

‎ Tadawul trading screen The Saudi Exchange (Tadawul) witnessed today, March 26, four negotiated deals worth SAR 29.9 million, as shown below: Details Company Stock Price (SAR) Negotiated Price (SAR) Shares Traded Deal Value (SAR mln) Maaden 45.20 45.10 250 , 000 11.28 Bahri 31.35 31.35 224,857 7.05 Saudi Electricity 15.80 15.80 417,738 6.60 Bank Albilad 35.95 35.85 140,000 5.02 For more details on negotiated deals A negotiated deal is executed when a buyer and seller agree to a specific price. It is conducted under the supervision of Tadawul and relevant capital market laws and regulations. The negotiated deal does not directly impact the last deal price, highest/lowest stock price, open... .. read more..