RIYADH: ROSHN, the Saudi real estate developer, signed eight giga contracts worth SR8 billion ($2.1 billion) to develop modern infrastructure and facilities across the several projects it is developing across the Kingdom. The Public Investment Fund-owned company signed the deals at the Private Sector Forum that concluded in Riyadh on Wednesday.
RIYADH: Saudi stocks recorded gains on Wednesday, with oil prices back on the rise and most global markets ending in the green despite ongoing geopolitical woes. TASI, the main index, extended gains by 0.5 percent to 12,944 points, and the parallel market, Nomu, rose 0.2 percent to 24,478. All fellow GCC bourses were up, but the Omani index bucked the trend as it dropped 0.9
RIYADH: Saudi Arabia’s National Shipping Co., known as Bahri, has awarded a contract to Riyadh-based Haif Co. as it sets up a SR413 million ($110 million) grain project. The joint venture, National Grain Co., is expected to be completed during the second half of 2023, the company said. A month earlier, Bahri reported an 88 percent drop in 2021 profit to SR192 million, as a