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Areeb Capital has successfully acquired a property within the Jabal Omar project in Makkah for an impressive sum of SR521 million.
Areeb Capital acquires property west of the Grand Mosque of Makkah for SR521 million
Areeb Capital has successfully acquired a property within the Jabal Omar project in Makkah for an impressive sum of SR521 million.This acquisition was facilitated by one of the company’s real estate funds, overseeing the entire acquisition process.Areeb Capital is a rapidly expanding group headquartered in Jeddah, Saudi Arabia, with Khalid Al-Jabri serving as the chief executive officer.The company specializes in innovative investment offerings across Saudi Arabia, Europe, and North Africa.The property in question is strategically situated approximately 300 meters from the western side of Al-Masjid Al-Haram, also known as “the Grand Mosque of Makkah.”This mosque holds immense significance as a direction of prayer for millions of Muslims.Covering an area of 3,065 square meters, the...
September 10, 2023

Areeb Capital acquires property west of the Grand Mosque of Makkah for SR521 million

NGC Energy.
NGC Energy expands its footprint in Riyadh with grand opening of new branch
NGC Energy Saudi LLC (NGCE), a prominent player in the energy sector, has officially relocated its headquarters from Al Khobar to Riyadh. The ribbon-cutting ceremony for the new headquarters, located in the 2nd Industrial City of Riyadh, took place on the 3rd of September.NGCE has established branches in both Dammam, Jeddah and now in Riyadh reaffirming its commitment to expanding its presence in Saudi Arabia.During an interview with Saudi Gazette, Chairman Abdullah S. Alharthy expressed his deep appreciation for the vision and initiatives of Crown Prince Mohammed Bin Salman bin Abdulaziz, particularly emphasizing the Vision 2030 plan. He highlighted the Saudi Government's dedication to offering attractive schemes and world-class facilities to facilitate the investment and business...
September 10, 2023

NGC Energy expands its footprint in Riyadh with grand opening of new branch

LuLu KSA hosts popular ‘Amazing ASEAN’ fest
LuLu Hypermarket’s annual ‘Amazing ASEAN’, celebration of some of the tastiest food ingredients, health and beauty products and FMCG best-sellers from the ASEAN countries was inaugurated today at the Avenue Mall, Murabba, Riyadh in the presence of the Mission Heads of 15 countries including 8 ASEAN countries. The diplomats were welcomed by Shehim Mohammed - Director of LuLu Group KSA and senior management of the Hypermarket.The participating ASEAN countries are Vietnam, Brunei Darussalam, Indonesia, Malaysia, Philippines, Singapore, Myanmar and Thailand. They were represented by Dang Xuan Dung (Honorable Ambassador of Vietnam), Dato Yusoff bin Ismail (Honorable Ambassador of Brunei Darussalam), Abdul Aziz Ahmad (Honorable Ambassador of Indonesia), Datuk Wan Zaidi Wan Abdullah...
September 07, 2023

LuLu KSA hosts popular ‘Amazing ASEAN’ fest

NAMI's CEO Abdulmohsen Al-Sudairy.
Nami is proud to be 'Platinum Sponsor of Seamless Riyadh'
Nami, a Saudi company specialized in the field of fintech, has shown a continuous active presence in the most prominent local and regional events interested in the fintech sector.Nami recently participated in the Seamless Riyadh Exhibition for the second time in a row in support of this important exhibition, which contributes to the development and enrichment of this vital sector.Nami showcased its new distinguished innovations to the exhibition's guests and visitors, which it prepares to introduce them to the Saudi market in the future, following their approval by relevant financial authorities.Regarding Nami's continuous participation, we have invited the CEO of the company, Abdulmohsen Al-Sudairy, who revealed various aspects of Nami's activity and future projects.Q: Nami...
September 06, 2023

Nami is proud to be 'Platinum Sponsor of Seamless Riyadh'

Excel in the academic year with the power of AI, exclusively on NVIDIA GeForce RTX40-series laptops
Buying a laptop for schoolwork might once have been thought of as an investment that’s only as good as the academic year. So, it is important for parents and students to make a sound investment that can keep up with changing educational needs.That’s why an NVIDIA GeForce RTX40-series laptop is a smart investment to make. It’s more than just a laptop – it’s a central hub that allows students to study, create, and game on a single device without any limitations. Rather than continuing to upgrade every year, students can continue to use an NVIDIA GeForce RTX40-series laptop for years to come, thanks to future-proof hardware and software. For parents, this means a one-time investment that can perform well in the long term, while students get access to incredible hardware and software...
September 06, 2023

Excel in the academic year with the power of AI, exclusively on NVIDIA GeForce RTX40-series laptops

stc Group acquires a 9.9% interest in Telefónica
RIYADH — stc Group announced that it has acquired a 9.9% interest in Telefónica S.A. (Telefónica), one of the largest telecommunications companies in the world with significant presence in Spain, Germany, the UK, and Brazil, for a total consideration of SR8.5 billion (EUR 2.1 billion).This acquisition represents another milestone in stc Group’s expansion and growth strategy, and reflects stc Group’s confidence in Telefónica’s sustainable growth and upside potential.Telefónica benefits from a unique portfolio of best-in-class infrastructure assets and cutting-edge technology platforms, where it is developing state-of-the-art capabilities in adjacent areas such as cognitive intelligence, edge computing and IoT (Internet of Things).stc Group’s growth strategy has resulted in a...
September 06, 2023

stc Group acquires a 9.9% interest in Telefónica

Mozn joins forces with Mobily Pay to enhance user experience security, utilizing state of the art AI technologies
Saudi Arabia’s AI powerhouse Mozn, a market leader in enterprise artificial-intelligence technologies, today announced a collaboration with Mobily Pay to enhance the level of safety in their user experience.The two companies formalized their collaboration during Seamless Saudi Arabia 2023, a two-day event held at Riyadh Front Exhibition Centre. Tens of thousands of professionals from the e-commerce, retail, fintech, and payments segments gathered at the summit to discuss emerging trends and collaborate on solutions to ongoing challenges.At the ceremony, Mobily Pay CEO, Ayman AlEissa, and Mozn’s Founder and CEO, Dr Mohammed Alhussein, signed a memorandum of understanding (MoU), signifying Mobily Pay’s intent to bolster its user experience safety through Mozn’s flagship, AI-powered,...
September 05, 2023

Mozn joins forces with Mobily Pay to enhance user experience security, utilizing state of the art AI technologies

OMODA 5: An attractive exterior, outstanding performance, and high technology and capabilities, secures 'best test-drive SUV'
At the recently concluded GAIKINDO Indonesia International Auto Show 2023, OMODA 5, the brand's debut model that has been selling like hotcakes in Indonesia, garnered the distinguished "Best Test-Drive SUV" award. Granted by the Indonesian Automotive Industry Association (GAIKINDO), this esteemed award synthesizes test-drive statistics and media sentiment garnered throughout the duration of the Indonesian auto show, serving as yet another testament to OMODA's robust product offerings and visionary technologies.Prior to this, OMODA had already amassed various international recognitions and awards. In 2022, it received the "Most Technologically Advanced SUV" prize from the Qatar Automobile Association, secured five-star safety ratings in both Euro NCAP and A-NCAP...
September 05, 2023

OMODA 5: An attractive exterior, outstanding performance, and high technology and capabilities, secures 'best test-drive SUV'

KEYSS Project, Microsoft Arabia partner to promote entrepreneurship and innovation in Saudi Arabia
Microsoft Arabia and KEYSS Project today signed a new partnership to accelerate the digital transformation of startups and SMEs across the Kingdom and foster innovation in line with the Saudi Vision 2030.This partnership will provide entrepreneurs and startups trained by the KEYSS Project with access to the Microsoft for Startups Founders Hub, a platform that helps startups radically accelerate innovation by empowering them with industry-leading services, expert guidance, and the essential technology needed to build a future-proofed startup.Zainab Alamin, VP of Digital Transformation & Sustainability at Microsoft, expressed her enthusiasm about the partnership with the KEYSS Project as it aligns with Microsoft’s mission to empower the startup ecosystem in the Kingdom. “Through this...
September 05, 2023

KEYSS Project, Microsoft Arabia partner to promote entrepreneurship and innovation in Saudi Arabia

Third time’s a charm: Hisense extends strategic partnership with UEFA to sponsor EURO 2024
Global consumer electronics and appliances corporation Hisense has announced that it has signed as a global sponsor of UEFA EURO 2024™. This will mark the third consecutive UEFA EURO that Hisense will sponsor after being a partner for the two previous editions and a successful sponsorship of FIFA World Cup 2022™. Hisense will also gain sponsorship rights for UEFA European qualifiers in 2023-24 & 2025-26, UEFA Nations League finals in 2025, UEFA U21 EURO 2025, Finalissima 2024, and UEFA Futsal 2026 as part of the deal.Guy-Laurent Epstein, UEFA Marketing Director, appreciated Hisense’s extension of their partnership and commented: “I am thrilled that Hisense is renewing its commitment to European football as an official Partner of UEFA EURO 2024™, which will be the third...
September 05, 2023

Third time’s a charm: Hisense extends strategic partnership with UEFA to sponsor EURO 2024

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