Prime Highlights- ACWA Power acquired a 32% stake in Shuaibah Water and Electricity Co. from Badeel for SR843.3 million, raising its ownership to 62%. The deal strengthens ACWA Power’s position…
Prime Highlights: Saudi Venture Capital Co. (SVC) has committed $1.2 billion since 2018, attracting $5.9 billion from partners, keeping Saudi Arabia as the top venture capital market in MENA. SVC…
Prime Highlights: Saudi Arabia’s industrial production rose 10.4% year-on-year in January, supported by stronger mining and oil activity. The growth highlights continued momentum in the Kingdom’s industrial sector as it…
Prime Highlights: Dar Al Arkan Real Estate Development Co. reported a 41% rise in annual net profit to $301 million in 2025, supported by stronger property sales across its developments.…
Prime Highlights: SAL Saudi Logistics Services acquires Aviapartner Liege for $30.3 million, marking its first operational presence in Europe. The move will help SAL grow its revenue, improve operations, and…
Prime Highlights: Saudi Arabia’s non-oil private sector remained in growth territory in February, supported by strong domestic demand and steady project approvals. Businesses expanded hiring and reported rising new orders,…
Prime Highlights: SABIC Agri-Nutrients Co. reported a strong rise in profit, supported by higher fertilizer prices and better income from its associate and joint venture. The company also announced a…
Prime Highlights- Saudi Arabia’s economy remains stable, showing continued growth even amid global challenges. The Ministry of Economy and Planning report confirms that the Kingdom is maintaining financial resilience and…
Prime Highlights: Saipem secured a major $500 million offshore contract, strengthening its long-term partnership with Aramco. The project supports Saudi Arabia’s push to expand energy infrastructure and increase local industry…
Prime Highlights: Humain invested $3 billion in xAI, just before its acquisition by SpaceX, marking a major step in Saudi Arabia’s push into advanced technologies. The partnership includes building over…