Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Sumou, Diyar Real Estate ink Jeddah infrastructure works deal
- QNB's Operations Control - Policies & Procedures Dept achieves ISO 9001:2015
- QIMC posts 19% profit decline in first nine months of 2025
- China's COOEC wins $4bn QatarEnergy project contract
- How UAE residents can now buy Islamic government bonds from Dh4,000
- Closing Bell: Saudi main index closes in red at 11,593
- Trump signs Malaysia trade, rare earths deal
- Saudi Arabia to unveil $2bn in SME initiatives at Biban 2025
- Almasar Alshamil Education to float 30% stake on Saudi exchange amid IPO boom
- GCC-Stat: Gulf economy records positive growth in Q1 2025
27/10/2025 03:01 AST
Saudi-based Sumou Real Estate Company has announced the signing of an infrastructure development works contract with Diyar Real Estate Development Company (a key entity which represents a real estate fund managed by Sedco Capital Company) for a project in the port city of Jeddah.
As per the SAR135 million ($36.01 million) deal, the company will develop and execute infrastructure works on a 960,000-sq-m project located in the North Obhur neighborhood in Jeddah, said Sumou Real Estate Company in its filing to the Saudi bourse Tadawul.
The entire work will be completed within a two-year period, it stated.
The project is expected to have a positive impact on the company's results, it added.
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MASAR | 23.95 | -0.10 (-0.42 |
| JABALOMAR | 17.06 | 0.00 (0.00 |
| DARALARKAN | 17.62 | 0.09 (0.51 |
| MCDC | 87.55 | -0.40 (-0.46 |
| TAIBA | 41.24 | -0.18 (-0.44 |
27/10/2025
QNB, the largest financial institution in the Middle East and Africa, is proud to announce that its Policies and Procedures Department within the Operations Control Division has been officially award
The Peninsula
27/10/2025
Qatar Industrial Manufacturing Company (QIMC), a publicly listed firm, reported a 19.3 percent drop in net profit for the first nine months of 2025, totaling QR 92.44 million, down from QR 114.6 mill
The Peninsula
27/10/2025
Almasar Alshamil Education, the Gulf's largest provider of specialized education services, has announced plans to list 30 per cent of its share capital on the Saudi Exchange's Main Market, joining a
Khaleej Times
27/10/2025
Saudi Arabia's flag carrier, Saudia, plans to receive 12 new passenger aircraft and purchase cargo planes by 2026, part of a broader order of 191 aircraft for the airline and Adel Aviation, a senior
Arab News
27/10/2025
Sharjah Islamic Bank (SIB) announced the successful sale of all its treasury shares, amounting to 167.67 million shares, representing 5.18 percent of the Bank's total share capital.
The sale
Khaleej Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia