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Numbers of a site specialized in following up the deepest of the Saudi stock market trading with an in -depth coverage of petrochemical companies and prices

Health

Middle East Health Care Receives License for New Saudi German Hospital

by Dr. Michael Lee – Health Editor September 16, 2025
written by Dr. Michael Lee – Health Editor

Saudi German Hospitals to Launch Services at New Jeddah ⁢Facility

Jeddah, Saudi Arabia – Middle East Healthcare Company (MEAH), operating under⁣ the Saudi German Hospital brand, is preparing ‍to launch operations⁢ at Sobhi Abdel-Jalil Petraji Medical ‌Hospital in Jeddah’s Al-Rehab neighborhood, following a series of agreements ​finalized in December 2024. The ‍move expands the Saudi German Hospital network and introduces a new healthcare option for residents of northern Jeddah.

The agreements,approved by the Saudi German Board ​of Directors,outline a complete partnership with Sobhi Abdel-jalil Petraji Medical Hospital,owned by New ⁤Sabah Medical Company. This includes a ten-year licensing agreement for the “Saudi German Hospital” name and trademark, a pre-opening rehabilitation and preparation contract, and a⁢ five-year management and operation agreement. These collaborations signal MEAH’s strategic‌ growth and commitment to expanding ⁢access to specialized medical care within the Kingdom.

Under the ⁣terms of the agreements, MEAH will receive ⁢10% of the net monthly profit from the ​trademark licensing, with no ⁣financial risk to company assets. Additionally,MEAH will earn 3% of the‍ hospital’s net revenues after assigned deductions​ under the management and operation contract,which commences upon​ official handover of the​ facility. The⁢ initial ⁢phase focuses on preparing the hospital for launch, with MEAH providing supervisory services to ensure a smooth transition to full ⁣operational capacity.

September 16, 2025 0 comments
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Business

Zain Saudi Arabia Secures $5.5 Billion Murabaha Facility

by Priya Shah – Business Editor September 15, 2025
written by Priya Shah – Business Editor

Zain KSA Secures⁣ $1.47‌ Billion Murabaha ‌Facility to Fuel Growth

Riyadh – Zain Saudi Arabia has finalized a 5.5 billion riyal ($1.47⁢ billion) Murabaha facility agreement with a consortium of local⁢ banks, the ​company announced today. ​The‌ financing will be utilized to‍ refinance existing debt and support the company’s operational and ⁢investment needs over the next five​ years.

This substantial financial commitment underscores confidence in Zain KSA’s financial stability ​and growth trajectory within Saudi Arabia’s rapidly evolving telecommunications market. The new facilities,effective September⁢ 30,2025,offer improved terms compared⁤ to previous ‍arrangements and will play a crucial role in enabling Zain KSA to continue⁣ expanding its 5G network,enhancing customer ‌experience,and driving digital transformation initiatives. The agreement impacts‌ investors, customers, and⁣ the‍ broader Saudi economy through continued infrastructure development and service innovation.

The financing ‌package includes​ the immediate disbursement of 500 million riyals to cover existing city receivable financing facilities due on September 30, 2025. An additional 300‍ million riyals will be drawn down​ as needed to meet the company’s ongoing operational and investment​ requirements. ⁣

The remaining funds⁤ will be available over the five-year term of the facility, which includes a⁢ one-year grace period, ​with final repayment scheduled for September ​30,‌ 2030. The agreement is secured by a bond of order.

“These long-term⁢ facilities came after detailed and⁣ constructive discussions with banks, which reflects the confidence of the financial institutions in the company’s financial position, its⁣ credit worth and its ability‌ to fulfill its financial obligations,”​ a company statement read.The improved ‌trade conditions offered by the new agreement‍ are⁢ expected to positively impact Zain KSA’s financial performance ⁢and strengthen its competitive position in the Saudi⁤ market.

September 15, 2025 0 comments
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Business

Monitoring

by Priya Shah – Business Editor September 14, 2025
written by Priya Shah – Business Editor

A performance dip in April 2017 saw a 17% decrease, bringing a monitored metric down to 5.09 from a previous level.The data,revealed internally,signals a potential challenge for ongoing tracking efforts and necessitates immediate review of contributing factors.

This decline-representing a meaningful shift in monitored performance-impacts stakeholders reliant on accurate data for decision-making. The 17% drop, recorded in April 2017, demands inquiry to determine root causes and implement corrective actions. Without intervention, continued negative trends could compromise the integrity of future monitoring and analysis.

The monitored value registered at 5.09 in April 2017, a decrease from a prior, unspecified level. The data was presented alongside a percentage change of (17%). Ongoing monitoring of this metric is critical for assessing performance and identifying areas for advancement.

September 14, 2025 0 comments
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News

Title: Rett’s Knowledge Fund Wins Legal Battle Over Smart Tower Lease

by Chief editor of world-today-news.com September 11, 2025
written by Chief editor of world-today-news.com

Draya Finance Secures Favorable Ruling⁢ in Smart Tower Lease Dispute

Riyadh,⁣ Saudi Arabia ⁢- Draya Finance Company, manager of ‌Rett’s Knowledge Fund, has announced​ a significant legal victory regarding⁤ the lease of Smart Tower in Riyadh. A final judicial ruling from the Riyadh Court of‌ Appeal has⁤ sided with the fund, effectively nullifying a‌ rental contract with Modern Things Company due to non-payment⁤ of rent.

According to​ a statement released to Tadawul, the Saudi stock exchange, the ruling supports a previous decision by​ the General Court in Riyadh concerning the large cases ⁣department.⁢ The court found in favor of Rett’s Knowledge ⁤Fund,validating ⁤its claim ​of unpaid rent for the ⁣Smart Tower property.

Draya ⁣Finance stated it is now pursuing legal avenues to collect the outstanding rent. ​This victory will also streamline property management, as all sub-contracts will now be transferred ⁢directly from the previous tenant to ​the fund. This direct control is expected to improve cash flow and enhance the fund’s ability to manage the property effectively.

This ruling represents a positive development for Rett’s Knowledge Fund and​ Draya Finance, solidifying their position in​ the riyadh real estate market.Investors ‌will be watching closely to see the impact of this decision on the ⁢fund’s future performance.

Keywords: Draya Finance, Rett’s Knowledge Fund, smart Tower, Riyadh, Saudi Arabia, real estate, ‍legal ruling, Tadawul, investment, property management, ⁤non-payment‌ of rent.

September 11, 2025 0 comments
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Business

Monitoring of canceled and incomplete proposals in the parallel market – growth since its inception

by Priya Shah – Business Editor September 10, 2025
written by Priya Shah – Business Editor

Shadow Market of ⁣Abandoned​ Real Estate Deals Surges, raising Concerns ​for Investors

DUBAI, UAE – ‍September 10, 2025, 13:43:49 GST – A previously obscure ‌”parallel ​market” tracking ‌canceled and incomplete real estate proposals ‌in the UAE has experienced ⁤significant growth⁣ as it’s inception, with monitoring data revealing a marked increase in activity over the past several‍ years. Analysis of data from Vision ‌Real Estate indicates a substantial volume of stalled projects, initially observed in February 2017, has continued to expand, prompting ‌scrutiny from investors and industry ⁢analysts concerned about potential financial risks and market instability.

this escalating trend-the tracking of deals that never fully materialize-highlights a growing gap between announced projects and actual completions within the UAE’s dynamic ⁢property sector.⁤ The​ parallel market, while not officially recognized, provides⁣ a crucial, albeit unofficial, record ​of these abandoned ventures. The data suggests a potential for significant capital ‌loss for‍ investors who may ‌have relied on these proposals, ​and raises questions about due ⁢diligence practices and project viability assessments. ‌ Continued growth in⁣ this market could signal broader economic vulnerabilities⁢ and impact​ future investment confidence.

Vision ⁤real Estate⁣ began monitoring these incomplete ​proposals as ‍early as February 2017,identifying a need to track⁣ projects that failed to launch or were ⁤halted mid-construction. Further data from ‍August‌ 2017 demonstrates the continued presence of these ‌stalled ventures, ⁢indicating the issue wasn’t ‌a temporary fluctuation. ‌⁢ The firm’s internal analysis, while not publicly released⁤ in full, reportedly focuses on ⁢identifying patterns in project cancellations, assessing the‍ financial ⁤implications ⁤for stakeholders, and ​providing insights into the underlying causes of project failures.

The precise monetary value ​tied to these ⁣canceled and incomplete proposals remains undisclosed, but industry sources suggest it represents⁢ a considerable sum. ‌ Experts believe‌ the ​growth of this parallel⁣ market‌ underscores the importance of​ enhanced openness and stricter‍ regulatory oversight within ​the UAE’s real estate landscape. Further inquiry ​is needed to determine the⁣ full extent of the impact and to ‍develop ⁢strategies ⁤for mitigating the ​risks associated with these abandoned projects.

September 10, 2025 0 comments
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News

Title: Dar Al Majid Real Estate Shares Begin Trading on Tadawul

by Chief editor of world-today-news.com September 9, 2025
written by Chief editor of world-today-news.com

Majidiya Shares to Begin Trading on Tassi Tomorrow with Initial⁣ price Fluctuation Limits

Riyadh, September⁤ 10, 2025 – Shares of Dar Al-Majid‌ Real Estate Company (Majidiya) ‌will commence trading on the Tassi exchange ‌tomorrow, Wednesday, September 10, 2025, marking a ⁤significant expansion​ of the ‌Saudi stock market. The initial ⁢trading period will ⁤feature restricted daily price⁤ fluctuations to manage market volatility, according to a recent announcement.

The inclusion of Majidiya follows a highly triumphant ⁤initial public offering (IPO) ‍that saw strong investor demand. The Tassi exchange has implemented temporary limits of +/- 5% on price fluctuations for the first three days of trading. Starting on ⁤the fourth ​day, these limits ‌will revert to ​the standard +/- 10% fluctuation range. This phased approach aims‍ to provide a stable entry⁢ point for⁤ the ⁣new listing while allowing for typical market dynamics to take hold.

Majidiya ​offered 90 million shares, representing 30% of the company’s ‍300 million riyal capital, divided into 300 million shares with a nominal value⁢ of one ⁢riyal per share. The ‍IPO attracted​ subscription from ‍307,020 investors at a final ⁤offering price of 14 riyals per share. Total demand from individual‌ investors reached ⁤approximately‌ 701 million ‍riyals, resulting in an overall coverage ratio of 278%.

The Securities Depository Center Company (Icklee) confirmed today, Tuesday, September 9, 2025, that securities ‍subscribed to in the Majidiya IPO have been credited to the accounts⁤ of eligible​ shareholders. ⁤This move paves the way for trading to begin smoothly tomorrow,offering investors a new opportunity to participate in the growth of the Saudi real estate sector.

September 9, 2025 0 comments
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