Saudi Arabia-based flynas has signed an agreement with the Syrian General Authority of Civil Aviation and Air Transport to establish a new commercial airline under the name flynas Syria. Operations are scheduled to begin in the fourth quarter of 2026.
Lesha Capital, the Saudi-based subsidiary of leading Qatari shari’a-compliant investment bank Lesha, said it has obtained the licence from the kingdom's Capital Market Authority to fully operate as a regulated investment firm, in a major milestone in its regional expansion strategy.
Saudi-based Dar Al Arkan Real Estate Development Company has announced that it has successfully redeemed its $400 million Islamic bond (sukuk). The company used its internal resources to pay the sukuk on the due date and transferred the principal to the designated account.
The fourth quarter of 2025 saw a shift in the narrative towards a more delivery‑focused era for Saudi’s real estate market, with project rationalisation and rephasing now becoming apparent, as government investments refocused to Expo and other major drivers, says a CBRE Middle East report.
Saudi utility giant Acwa Power has announced that its consortium has signed an energy conversion and water purchase agreement for Az Zour North Phase 2 and 3 IWPP in Kuwait. The key $4.1 billion project will be implemented on a build, operate and transfer (BOT) basis.
The equity markets in the Kingdom of Saudi Arabia and UAE led gains across Gulf in January, outperforming regional peers as strong earnings, economic momentum and policy support lifted investor sentiment. The Saudi equity index rose 8.5% for the month, the strongest performance in the Gulf, said a report.
Leading Saudi utility company Marafiq has announced that its consortium - comprising partners Veolia Middle East and Lamar Arabia Energy - has achieved financial close for the $500 million Amiral Industrial Wastewater Treatment and Reuse Project in Jubail Industrial City II.
Saudi Authority for Industrial Cities and Technology Zones (Modon) has entered into a deal with a venture of Buhur Investment Company and Jindal Saw Company, for the establishment of a carbon steel pipes manufacturing plant with an annual production capacity of up to 350,000 MT.
Saudi-based Sustainable Infrastructure Holding (Sisco Holding) has announced that its key unit Tawzea has secured a major contract from the kingdom's National Water Company to provide operation and maintenance services for the utility networks and wells in Madinah region for a three-year period.
Saudi-based Umm Al Qura for Development & Construction Company has announced the launch of a unified digital platform for property ownership within its premium Masar Destination in Makkah through approved developers.
