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Consumer benefits marketplace Thriwe is entering the Saudi Arabian market with investment from Al Multaq. The multi-billion-dollar conglomerate will fund Thriwe s launch and operations in the country. Thriwe provides loyalty and rewards programmes for companies operating in sectors such as travel and entertainment. The Indian firm has partnered in the past with private banks, card networks and luxury lifestyle brands. ....
As part of the partnership, Al Multaq has invested an undisclosed amount in Thriwe to support the latter’s regional launch and operations. The company aims to generate around $100 million of revenue from the Saudi market over the next three years. ....
Red Sea Global (RSG), a key developer of the most ambitious regenerative tourism destinations in KSA, has achieved commercial close on a SR1.1 billion ($288 million) debt financing deal for its joint venture entity with Almutlaq Real Estate Investment. ....
RIYADH: Saudi Arabia's Public Investment Fund has taken a 30 percent stake in the Saudi Tabreed, a subsidiary of the UAE-listed National Central Cooling Co., known as Tabreed, through a private placement of shares, according to a bourse filing in Dubai. In a separate regulatory filing to the Dubai Financial Market, where Tabreed shares are traded, the district cooling provider ....