Al Majed for Oud Company (the “Company” or the “Issuer”), one of the leading manufacturers and developers of perfume and oud products in the Kingdom of Saudi Arabia (the “Kingdom”) and increasingly the Gulf Cooperation Council (the “GCC”) countries, today announces its intention to proceed with an initial public offering (the “IPO” or “Offering”) and

King Salman International Airport Development Company (KSIADC), one of Public Investment Fund’s companies, announced the signing of strategic partnership contracts with four leading local and international companies in the fields of architecture, engineering, construction, and air traffic management. This partnership aims to start a new phase to develop King Salman International Airport (KSIA) to become

For the fourth consecutive year, Zain KSA, the leading telecom and digital services provider, has advanced its position in the Morgan Stanley Capital International (MSCI) ESG Index, upgrading its rating to AA from the previous year’s A. This achievement places Zain KSA in the ‘Leader’ category among 179 global telecom companies assessed by this index,

Cenomi Centers, the largest owner, operator and developer of contemporary retail and lifestyle centers in Saudi Arabia, welcomes its addition to the Morgan Stanley Capital International (MSCI) Saudi Arabia Small Cap Index, demonstrating the company’s solid track record of financial and operational performance and future growth. The MSCI Saudi Arabia Small Cap Index tracks regional

Yalla Plus, a Riyadh-based startup, announced the successful closure of its seed investment round, raising 10 million SAR ($2.7 million USD). The round was led by Merak Capital, with participation from Khwarizmi Ventures, Isometry Capital, and angel investors from the Middle East and the United States. Founded in 2022 by Abdullah Alrabeh, a serial tech

Heinz, makers of the world’s favorite ketchup, have released a revolutionary solution tackling gamers’ irrational love for Heinz. Research showed that 90% of gamers struggle with snacking whiles playing, in comes Heinz, launching the robotic snack dipper ‘Hum Hum’ at the world’s biggest gaming festival in Saudi, feeding into gamers’ irrational love for dipping their snacks in

Saudia, the national flag carrier of Saudi Arabia, has introduced an exceptional promotional offer with discounts of up to 50% on international flights via King Abdulaziz International Airport in Jeddah and King Khalid International Airport in Riyadh. This initiative reflects Saudia’s commitment to providing exclusive deals and competitive prices to its guests throughout the year.