Author: Mahdeehassan

Tadawulcom Real Estate, a licensed PropTech platform regulated by the Real Estate Authority, has announced the successful closure of a $400,000 Seed funding round led by an angel investor.According to the company, this investment marks a pivotal milestone in supporting its strategic plans for expansion and technological development. The funding will enable Tadawulcom to introduce advanced tools that elevate user experience and enhance its capacity to serve the real estate market in Saudi Arabia and the wider region.Tadawulcom operates a PropTech Software-as-a-Service (SaaS) model designed to empower brokers, companies, and individual users to build customised real estate websites under their…

RIYADH: A royal approval has been issued to grant Saudi citizenship to American businessman Travis Kalanick and Chief Executive Officer of Red Sea Global John Pagano.They join the ranks of distinguished scientists, innovators, experts in rare specializations and entrepreneurs who have been granted Saudi citizenship.This comes as part of the Kingdom’s commitment to supporting distinguished scientists, researchers and entrepreneurs, in line with the Saudi Vision 2030 directives, which aim to enhance an attractive environment that fosters investment in human capabilities and attracts exceptional and creative individuals.This is due to the added value they represent for the Saudi economy, which focuses…

Diriyah – Diriyah Company has signed an approximately $244 million (SAR 917 million) joint venture contract for the development of the Grand Mosque in Diriyah’s second phase with Al-Majal El-Arabi Group and MAN Enterprise AlSaudia LLC. Designed by award-winning firm X Architects, the mosque will accommodate 11,400 worshippers across a gross floor area of 12,320 square meters.Designed to accommodate up to 5,240 worshippers indoors and 6,160 outdoors, the Grand Mosque in the second phase of the Diriyah masterplan will become a proud symbol of an urban development that is being built around the historic 300-year-old birthplace of the Kingdom of…

Saudi Arabia’s Riyadh Air is set to launch its inaugural flight on October 26, with Britain’s Heathrow Airport as its first destination, state TV reported on Wednesday.Riyadh Air’s CEO Tony Douglas said in a press conference that the second destination will be Dubai.Douglas added that initial ticket sales will be for Saudi Arabia’s sovereign wealth fund (PIF) and Riyadh Air employees, and public sales will follow soon.Saudi Arabia announced in 2023 the creation of Riyadh Air which is wholly owned by PIF, and is expected to serve more than 100 destinations by 2030.Saudi state TV added that the company will…

Riyadh, Saudi Arabia – The Capital Market Authority (CMA) has announced its approval of Bidaya Finance Company’s request to register and publicly offer debt instruments under a new issuance program with a total value of up to SAR 1 billion.In its statement, the CMA confirmed that the prospectus will be published prior to the subscription period. The document will include all key information for potential investors, including the company’s financial statements, detailed business overview, management information, and the complete terms and conditions of the Sukuk issuance program.Earlier this year, in April 2025, Bidaya Finance’s Board of Directors approved the authorization…

Riyadh, Kingdom of Saudi Arabia: Majd Investment, Sumou Global Investment (SGI), and Strategic Housing Group (SHG) have launched Dedicated Housing Company (DHC), a joint venture with an initial SAR 2 billion fund, pioneering co-living for professionals and students. Positioned to lead the sector, DHC will develop and operate Saudi Arabia’s next generation of purpose-built co-living communities.This partnership unites three industry leaders in investment, real estate development, and revolutionary operations to create a platform that will serve and lead the market.Purpose Built Communities for a New GenerationThe Dedicated Housing Company was created to meet the urgent demand for high quality and…

PALO ALTO, Calif. ⎯ PGxAI has partnered with Riyadh-based Najashi Holding to bring its AI-powered pharmacogenomics platform to Saudi Arabia. The collaboration supports the Kingdom’s healthcare transformation under Vision 2030, strengthening its position as a global leader in precision medicine.Najashi Holding, a pioneering regional healthcare investor, is committing equity to PGxAI’s planned $20 million Series A round in 2026. The company will also mobilize its extensive public- and private-sector networks to accelerate the adoption of personalized care across the country.The joint venture will deploy PGxAI’s technology within Saudi Arabia’s healthcare infrastructure to enable personalized drug selection, reduce adverse reactions, and…

Saudi Arabia, Riyadh: King Faisal Specialist Hospital & Research Centre (KFSHRC) is participating in the eighth edition of the Global Health Exhibition 2025, taking place in Riyadh from October 27 to 30 at the Riyadh Exhibition and Convention Center. The event brings together leading healthcare professionals, experts, and decision-makers from around the world to explore the future of healthcare innovation and delivery.At its pavilion, KFSHRC is presenting pioneering healthcare solutions in robotic surgery, T-cell therapy programs, pharmaceutical manufacturing facilities, preimplantation genetic diagnosis (PGD), surgical planning for epilepsy, and liver and small intestine transplantation.In the field of medical education, the pavilion…

Dubai, UAE –– Hospinorm, a leading provider of advanced healthcare solutions across the GCC, is proud to announce its partnership with Etiometry, a global leader in clinical decision-support technology. Through this collaboration, Etiometry’s AI-driven, FDA-cleared clinical intelligence platform is now available in the United Arab Emirates, marking a major advancement in the region’s critical care landscape. Designed to empower clinicians with real-time, data-driven insights, Etiometry’s platform supports better decision-making in intensive care settings, ultimately helping improve patient outcomes and operational efficiency. The technology leverages advanced algorithms to identify trends and risks that may not be immediately visible, ensuring clinicians can…

Ajman, United Arab Emirates – Saudi German Health (SGH), one of the region’s leading healthcare providers and pioneer in advancing medical excellence across the region, today announced a major expansion of its relationship with Mayo Clinic; with Saudi German Hospital Ajman officially joining the Mayo Clinic Care Network.With this announcement, SGH cements its position as the largest group of Mayo Clinic Care Network members in the region, reflecting the group’s unwavering commitment to advancing healthcare standards and delivering exceptional outcomes in the UAE, KSA & Beyond.The announcement was made during a landmark ceremony held at the Emirates Hospitality Centre in…