Category: Corporate News

Mawhiba and CEER sign an MoU to develop gifted students’ abilities and provide training and career readiness in smart vehicle and automotive fields.

Saudi Energy announces 11.5% revenue growth to SAR87.2B and SAR12.1B net profit for first nine months of 2026, driven by strategic investments and operational excellence.

Manga Productions, a Misk subsidiary, will publish SEGA’s STRANGER THAN HEAVEN across MENA, deepening Saudi-Japan ties and advancing Vision 2030 creative goals.

stc group renews its partnership with Riyadh Season as Official Premium Partner for 2026–27, marking six consecutive years of support for Saudi Arabia’s premier entertainment event.

Aramco reports Q3 2026 adjusted net income of $31.2 billion, up 9%, and declares a $21.9 billion base dividend. Zuluf starts production, HUMAIN stake acquired.

Saudi Ministry of Commerce recalls 3,680 Ford Bronco and Bronco Raptor vehicles over engine wiring defect. Owners urged to contact dealers for free repairs.

PIF and Aramco close a landmark transaction, with Aramco acquiring 49% of HUMAIN. The deal accelerates Saudi Arabia’s global AI leadership and Vision 2030 goals.

Takamol Holding meets entrepreneurs and SME owners in Riyadh to discuss Qiwa and Tazamon, aligning digital services with Vision 2030 goals.

stc group reports nine-month operating profit up 4.1% to SAR11,282 million, revenue up 3.7% to SAR60,096 million, and accelerating subsidiary growth under Vision 2030.

Health Holding Company signed a partnership agreement with IE University in Madrid to develop executive education for health professionals.

IMI signs a SAR1.692 billion contract with Bahri to build three 320,000 DWT very large crude carriers, advancing Saudi shipbuilding and Vision 2030.

The General Entertainment Authority joins Monsha’at at the SME Support Center in Riyadh to empower entertainment companies, boost event readiness, and support Vision 2030.

Saudi-led NovusCrete Consortium wins first place in Flatwork at the American Concrete Institute Awards, showcasing sustainable concrete innovation aligned with Vision 2030.

RSG launched community initiatives including the Tamala farming cooperative, the Jewar app, and an English for Tourism Program, SPA reported.

The Saudi Council of Engineers signed an MoU with Germany’s TÜV Rheinland in Berlin to enhance engineering practice and professional development.

ACWA Power signs a memorandum with Mongolia’s Sun Steppe Power to explore a 4.5 GW cross-border renewable electricity export project to China, announced in Riyadh.

National Franchise Committee showcases six Saudi brands at BUYBRAND EXPO 2026 in Moscow, advancing Vision 2030 goals and Saudi-Russian economic ties.

Almarai Company reported SAR6.19 billion in Q3 2026 revenue, up 11% year on year, with net profit of SAR617.8 million, according to official results released via SPA.

SABIL, a SALIC subsidiary under PIF, launches a new strategy to expand integrated agri-food logistics, enhancing supply chain efficiency and supporting Saudi food security.

Diriyah Company signs MoU with BSF to expand investment opportunities, luxury real estate and Shariah-compliant financing solutions across the Diriyah masterplan.

Japan’s JETRO hosted its first pavilion at the 4th Saudi Fashiontex Expo in Jeddah, showcasing nine companies and deepening Saudi-Japanese trade ties in fashion and textiles.

The King Abdulaziz Center for World Culture (Ithra) is the first project in Saudi Arabia to earn the Mostadam Diamond Certification for existing buildings.

stc Group has increased download speeds by 120% at the Prophet’s Mosque and 107% at the Grand Mosque through 5G network expansions.

Riyadh Air and TravelSky Technology Limited signed a distribution cooperation agreement in Beijing to support market entry into China.

The Operational Technology Cybersecurity Center of Excellence and Aramco held an OT Cybersecurity Hackathon at Dhahran Techno Valley.

Saudi Coffee Company signs MoU with Mumtalakat to expand cooperation in hospitality and food sectors, supporting Vision 2030 economic diversification goals.

flynas wins Best Low-Cost Airline in the Middle East at the 2026 Skytrax World Airline Awards for the ninth consecutive year, highlighting Saudi aviation excellence.

STC Bank joins Money20/20 Middle East 2026 as founding partner in Riyadh, signing six agreements with Hala, Moyasar, Huawei, Surpay, Almatar, and Paylink.

A Saudi Contractors Authority delegation is visiting the Republic of Korea to enhance infrastructure cooperation and sign a memorandum of understanding.

Saudi Contractors Authority visits Korea to sign MoU with Construction Management Association of Korea, boosting training and knowledge exchange for Vision 2030.

The Air Connectivity Program signs a cooperation agreement with Delta Air Lines at WTM Spotlight Riyadh to support direct flights between Riyadh and Atlanta.

The Jubail Corrosion Conference and Exhibition 2026 opened in Jubail Industrial City with 1,500 participants and 64 speakers exploring asset protection.

Milaf Global, a PIF company, concludes the ‘Saudi: Sky’s The Limit’ initiative in London, showcasing over 25 Saudi brands and recording a 361% rise in visits.

SDAIA and Care Medical signed an MoU at LEAP 2026 to develop human capabilities in data and AI for the healthcare sector.

Wadi Makkah Company for Technology, the investment arm of Umm Al-Qura University, held a business model workshop to equip entrepreneurs with tools for sustainable ventures.

Mobily concludes LEAP 2026 participation, signing several agreements and MoUs to advance digital infrastructure, innovation, and national talent development in Saudi Arabia.

SABIC and Lenovo sign an MoU at LEAP 2026 in Riyadh to explore cooperation in industrial innovation, knowledge transfer, and advanced technologies in Saudi Arabia.

Qiddiya Investment Company signs an MoU with the French Government to explore an entertainment-led, mixed-use destination in France, advancing Saudi Vision 2030 globally.

Saudi Arabia and France sign purchase agreements, MoUs, and financing deals worth billions in energy, industry, and aviation during the French-Saudi Investment Roundtable in Paris.

NWC’s 2025 sustainability report highlights SAR58B projects, 84.9% water coverage, and Vision 2030 alignment.

stc group concludes its participation in the Esports World Cup 2026 in Paris, the largest edition ever with 2,000+ players, 200 clubs, and a $75 million prize pool.

stc group reinforces its global esports leadership at the 2026 Esports World Cup in Paris, showcasing exclusive naming rights and supporting emerging talent.

Aramco and Maaden form joint venture to unlock mineral exploration in Saudi Arabia, focusing on copper and transition minerals to support global energy transition and Vision 2030.

Saudi Aramco and Ma’aden sign a joint venture agreement to explore copper and critical minerals in the Arabian Shelf, supporting Vision 2030 and the global energy transition.

Diriyah Company and Arab National Bank sign a SAR 2 billion financing agreement to develop luxury residences and hospitality units in Diriyah and Wadi Safar, supporting Saudi Vision 2030.

SEVEN Tabuk opens as the second entertainment destination by Saudi Entertainment Company, enhancing leisure, jobs, and Vision 2030 goals in Tabuk region.

Riyadh Holding launches the Rose Square project in Al-Warood district, an urban destination with green spaces, commercial centers, and pedestrian paths.

Saudi Energy and Expo 2030 Riyad agree on electricity supply for the Expo site, building a main station and substations to power the global event.

Eng. Anaf bin Ahmed Abanmi, President of Saudi Post Corporation, welcomed Mr. Imad Al-Din Hamad, Director General of the Syrian Postal Corporation, to discuss cooperation and share expertise.

Wadi Jeddah 2026 camp concludes in Jeddah, advancing 10 Saudi startups to incubation with SAR 1 million in investment and mentorship support.

SABIC wins the 2026 R&D 100 Award for its first-of-its-kind laser-weldable NORYL V0 resins, advancing solar PV manufacturing and Vision 2030 innovation goals.

Riyadh Air and TravelSky signed a distribution cooperation agreement in Beijing on August 6, 2026, supporting the Saudi carrier’s market entry into China and Vision 2030 aviation goals.

stc Group announced its annual financial results for 2024, showcasing significant growth in revenue, profit, and dividends, aligning with Saudi Arabia’s Vision 2030 goals.

Saudia and Garuda Indonesia have signed an MoU to enhance their strategic commercial partnership, improving connectivity and services for passengers, particularly Umrah and Hajj pilgrims.

The Helicopter Company orders 11 additional AW139 helicopters from Leonardo, strengthening Saudi Arabia’s aviation sector and supporting Vision 2030 goals.

Saudia Cargo launches a new scheduled route linking Riyadh and Melbourne, expanding Saudi Arabia’s global logistics network and boosting trade with Australia.

The Saudi Broadcasting Authority and stc Group signed an MoU to advance digital media initiatives, leveraging AI, IoT, and cloud computing to innovate media content and services.

Aramco has signed agreements to acquire a 25% stake in Unioil Petroleum Philippines, marking a strategic expansion of its global retail network and aligning with Vision 2030 goals.

SABIC signs a potential investment agreement with Fujian government to build an engineering thermoplastics compounding plant, expanding its China footprint and supporting Vision 2030.

Aramco announces Q2 and half-year 2024 results with net income of SAR109 billion and SAR211.3 billion, respectively, highlighting strong cash flow, gas expansion, and global investments.

Red Sea Global unveils Jeddah Consolidation Center to enhance supply-chain efficiency and sustainability, supporting luxury tourism and Vision 2030.

The Saudi-Canadian Business and Investment Forum in Riyadh reviewed partnership prospects across digital transformation, infrastructure, and defense, with six MoUs signed.

PIF launches QSAS, a new company creating immersive exhibitions inspired by Saudi heritage and Islamic history, targeting 11,000 jobs by 2030.

SRSA and Ministry of Human Resources sign MoU to advance training policies and skills development in coastal tourism, aligning with Vision 2030.

Saudi Aramco becomes the first worldwide to operate a megawatt-scale iron-vanadium flow battery for gas production, advancing energy efficiency and Vision 2030.

The International MICE Summit 2025 opened in Riyadh with over 3,000 participants, unveiling 20 announcements as global event firms expand in Saudi Arabia.

Emirates and flynas sign an expanded two-way interline partnership in Dubai, opening more travel choices for flynas customers across Asia, Europe and beyond.

The Saudi International Furniture and Decor Exhibition opens in Jeddah, showcasing local and international companies, workshops, and the latest interior design trends.

AviLease, owned by PIF, delivers two Boeing 737-8 aircraft to Air India Express, advancing Saudi Vision 2030 and global aviation leasing.

The Saudi-U.S. Business Council celebrates its 30th anniversary in Houston, highlighting three decades of trade and investment ties under Saudi Vision 2030.

flynas welcomed 3.7 million passengers in Q1 2024, a 51% increase, with 43% higher seat capacity, advancing Saudi Arabia’s Vision 2030 aviation goals.

Aramco signs three MoUs with U.S. companies to advance lower-carbon energy solutions during U.S. Secretary of Energy Jennifer Granholm’s visit to Saudi Arabia.

Aramco signs landmark deal with Pasqal to deploy the first quantum computer in Saudi Arabia, planned for 2025, boosting Vision 2030 tech goals.

stc Group launches 11th batch of inspireU program to accelerate digital startups in gaming, cybersecurity, fintech, and IoT, driving Vision 2030 innovation.

SIRC signed agreements with Japanese firms at the Saudi-Japan Vision 2030 Business Forum 2024, advancing waste management and sustainability goals.

Fitch Ratings upgrades Saudi Electricity Company to A+ from A, aligning with sovereign rating. SEC’s strong financials and Vision 2030 role drive the upgrade.

The National Industrial Development and Logistics Program (NIDLP) concluded its participation in VivaTech Paris, showcasing Saudi Vision 2030 and supporting Saudi startups.

Saudi Arabia Railways (SAR) partners with P&G to transport goods from Dammam to Riyadh, boosting efficiency and sustainability under Vision 2030.

Halal Products Development Company signs binding investment agreement with Believe to relocate HQ to Saudi Arabia, establish factory, and boost halal cosmetics industry.

ROSHN Group inaugurates show villas at WAREFA, a PIF-owned community in East Riyadh, offering 2,300 homes with Salmani architecture, supporting Vision 2030 housing goals.

Aramco completes acquisition of 40% stake in Gas & Oil Pakistan, expanding global retail network and marking first downstream investment in Pakistan.

Diriyah Company signs MoU with Deutschland Technology to enhance fire safety standards across its development projects, aligning with Saudi Vision 2030 goals.

SASO signs MoU with PMI Saudi Chapter at Global Project Management Forum to boost project management efficiency, knowledge transfer, and professional development.

Riyadh Air and Air China signed an MoU at the IATA meeting to enhance connectivity between Saudi Arabia and China, supporting Vision 2030 and the Belt and Road Initiative.

Riyadh Air and China Eastern Airlines sign MoU at IATA AGM to boost connectivity, digital innovation, and economic ties between Saudi Arabia and China.

ROSHN Group partners with Arab National Bank, Bank Albilad, Bank AlJazira and Riyad Bank to offer enhanced financial services to sub-developers and contractors, supporting Vision 2030.

e& enterprise launches new Contact and Customer Experience Centre in Riyadh, creating over 1,500 jobs and supporting Saudi Vision 2030 digital transformation.

Aramco and NextDecade sign a non-binding Heads of Agreement for 1.2 MTPA LNG offtake from Rio Grande LNG, advancing Saudi Arabia’s global energy strategy.

NIDLP showcases Saudi Arabia’s logistics achievements at Transport Logistic China in Shanghai, presenting investment opportunities and highlighting Vision 2030 goals for economic diversification.

Saudi Arabian Logistics (SAL) partners with Air China to provide air cargo handling and ground transportation across Saudi Arabia and the GCC, boosting trade and Vision 2030 goals.

Aramco awards over $25 billion in contracts to advance strategic gas expansion, targeting 60% production growth by 2030 and supporting Saudi Vision 2030.

Folk Maritime Services Company signs MoU with Bahri Ship Management to enhance fleet capabilities, supporting Saudi Vision 2030 and global logistics hub goals.

A Saudi delegation led by Eng. Zakria Al-Abdulqadir visited Türkiye for the Türkiye-Saudi Arabia Construction Forum to strengthen cooperation in construction and infrastructure.

The Federation of Saudi Chambers announces the formation of the Saudi-Indonesian Business Council, appointing Ayman Amin Sejiny as chairman to boost economic ties under Vision 2030.

The Federation of Saudi Chambers announces the formation of the Saudi-Nigerian Business Council to strengthen economic ties and investment opportunities.

The Asharqia Chamber and GCC Commercial Arbitration Center signed a cooperation agreement to enhance arbitration, support businesses, and align with Saudi Vision 2030.

Saudi Institute of Internal Auditors leads delegation at 2024 IIA International Conference in Washington, showcasing Kingdom’s role in advancing global auditing standards.

Under the patronage of the Ministry of Energy, Circle K and Alsulaiman Group sign an agreement to launch Circle K gas stations across Saudi Arabia, advancing Vision 2030 goals.

Saudi Aramco signs deal to acquire 50% of BHIG, advancing low-carbon hydrogen and Vision 2030 goals. Partnership with Air Products Qudra to boost Middle East hydrogen network.

Saudi Aramco announces completion of $6 billion bond issuance, oversubscribed six times, reinforcing financial resilience and Vision 2030 alignment.