Latest news with #AlKharj
Zawya
12 hours ago
- Business
- Zawya
Saudi: Cenomi Centers unveils $2.02mln sale deal
Arabian Centres Company (Cenomi Centers) sold a land plot in Al Kharj located on Riyadh-Al Kharj Road, with a total area of 425,390 square meters, for SAR 100 million. The sale deal aligns with the company's program to sell an identified portfolio of non-core assets worth around SAR 2 billion, according to a bourse filing. The net book value of this land on the company's financial statements amounted to SAR 93.30 million as of 31 March 2025. Cenomi Centers will use the proceeds from this transaction to fund and support its internal resources. The positive financial impact of the transaction is expected to appear in its financial results for the second quarter (Q2) of 2025. SIMAH Rating Agency (Tassnief) recently assigned a long-term national scale entity rating of (A-) and a short-term entity rating of 'T-3' to Cenomi Centers. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Arab News
20-05-2025
- Business
- Arab News
Saudi program to train rural women in leathercraft
RIYADH: The Sustainable Agricultural Rural Development Program, known as Saudi Reef, has launched its first vocational empowerment training in leather industries for rural women in Al-Kharj governorate. The program aims to promote entrepreneurship and support the national economy in line with Vision 2030 goals, the Saudi Press Agency reported. It provides rural women with practical skills in leather manufacturing to help develop their small businesses and improve the marketing of their products. Majed Al-Buraikan, Saudi Reef assistant secretary-general for media and communication, said 15 rural women are participating in the training, which covers value-added leather production, design, product diversification, quality control, and business management. The program includes training in business planning, cost management, marketing, and branding to help participants establish viable ventures, according to SPA. Recently, the UN World Tourism Organization recognized Saudi Reef's role in supporting sustainable development through its link with rural tourism. Basmah Al-Mayman, UNWTO Middle East director, in a letter to Saudi Reef Secretary-General Ghassan Bakri commended the program for organizing rural tourism events in various regions of the Kingdom. UNWTO expressed interest in collaborating with Saudi Reef on initiatives focused on sustainable community development and rural tourism.
Asharq Al-Awsat
19-05-2025
- Business
- Asharq Al-Awsat
Saudi Reef Launches Leather Craft Training for Rural Women in Al-Kharj
The Sustainable Agricultural Rural Development Program (Saudi Reef) has launched its inaugural vocational empowerment training program in leather industries for rural women in Al-Kharj Governorate, aiming to promote entrepreneurship and contribute to the national economy in line with Vision 2030 goals. The program equips rural women with essential skills in local leather manufacturing to strengthen their small businesses and support the marketing and growth of their leather products, SPA reported. Saudi Reef Assistant Secretary-General for Media and Communication Majed Al-Buraikan noted that 15 female rural entrepreneurs are participating in the training, which focuses on value-added leather industries, including techniques, innovative design, product diversification, quality control, and business management. The program also covers business planning, cost strategies, marketing, and branding to help establish value-added ventures.
Saudi Gazette
14-05-2025
- Business
- Saudi Gazette
Keeta reveals Saudi Food Delivery Trends in Q1 2025: Fast food leads, Sweet Cravings rise, and Delivery gets even faster
Keeta, the international subsidiary of Meituan, China's on-demand delivery giant, has released Q1 2025 insights, revealing what the Saudi population ordered, where food trends are shifting, and how delivery is becoming a seamless part of daily life. With over 30,000 registered delivery riders and 25,000+ restaurant partners across the Kingdom, Keeta's footprint is now matched by real-time data on local tastes and behaviors. Keeta Q1 2025 by the Numbers The majority of total orders = Fast Food Nearly one in five total orders = Desserts & Beverages 244 orders placed by one user in Q1 2025 <1 minute = fastest recorded delivery SR 4,791 = largest order (with traditional Saudi goat feast and 83 items!) Regularly among the top 5 of total orders nationwide = Italian cuisine Tastes That Defined Q1 2025 Fast food was the #1 choice across the Kingdom's major cities, including Jeddah, Madinah and Makkah. Riyadh followed closely, still ranking among the top. Arabic cuisine came in as a strong second, especially popular in Al Ahsa, Riyadh, and Dammam—each making around one-fifth of local orders. Desserts and beverages together made up nearly 1 in 5 orders, showing a growing craving for indulgent extras, especially during mid-day and evening hours. Italian cuisine consistently ranked on the top 5 across all major cities, reflecting its steady and widespread popularity in Saudi Arabia. City-by-City Cravings Jeddah: Burgers, fried chicken, and soft drinks led orders Riyadh: Strong demand for grilled meats and Arabic platters Makkah: Known for large, traditional group meals Madinah: A balance of international chains and sweets Dammam: Arabic meals took precedence over desserts or drinks Al Kharj: Topped the Kingdom for beverage orders Al Ahsa: Dual dominance in Arabic meals and dessert cravings Biggest Order? A feast Like No Other One of the standout moments from the quarter was a delivery totaling SR 4,791, the largest single order of the quarter. With 83 items packed into a single drop-off, it pushed the boundaries of what "on-demand" really means. The food arrived so fast, it might've beaten the customer's microwave to the finish line. Whether it was a family feast, a surprise celebration, or a week's worth of planning in one tap, the order showcased Keeta's ability to deliver more than just meals, it delivers scale, speed, and a whole lot of flavors. Alignment with Vision 2030 Keeta's growth supports Saudi Arabia's Vision 2030 ambitions by empowering local businesses, enhancing quality of life through tech, and transforming the food delivery ecosystem with smart, scalable logistics. Keeta is a technology-driven delivery platform that connects consumers with local food and retail merchants and couriers. With the mission of "We help people eat better, live better," Keeta is committed to providing localized high-quality products and services, benefiting consumers, food and retail merchants and couriers from the entire ecosystem. Keeta was launched by Meituan ( which owns China's leading food delivery platform Meituan Waimai.
Argaam
12-05-2025
- Business
- Argaam
MC4 maintains strong demand in Q1 2025: CEO
Khalid Al Maktary, CEO of Fourth Milling Co. (MC4), said the company's net profit rose by 8% in Q1 2025, supported by revenue growth, improved financial efficiency, and a SAR 2.3 million reduction in deferred tax liabilities. This was also buoyed by a SAR 1.3 million increase in returns from Shariah-compliant investment deposits and effective cost control. In an interview with Argaam, Al Maktary added that demand for the company's products remained strong in Q1 2025, with flour sales rising 4.3% year-on-year (YoY) and 6.4% quarter-on-quarter (QoQ). This was supported by seasonal demand during Ramadan and an improved product mix. He noted that this growth reflects robust demand from both business and retail segments. Animal feed sales also maintained positive momentum during the quarter, although revenue from the bran and feed segment declined by 5.6% QoQ due to seasonal factors and the company's focus on improving margins over volume increases. MC4 retained its leadership in the Saudi flour market during Q1 2025, backed by strong performance from its flagship brand, FOOM, which held a 28.4% market share—the highest in the packaged flour category. According to the CEO, the company seeks to enhance its competitive edge through target marketing campaigns, expanding its distribution network, and continuous innovation in product development to meet market needs. Geographically, sales were significantly supported by performance in Madinah and Al-Kharj, benefiting from advanced infrastructure and proximity to demand centers, which improved distribution efficiency and market responsiveness. Regarding flour exports, Al Maktary said the company plans to leverage surplus capacity at its Dammam facility—strategically located near King Abdulaziz Port—to expand into Middle Eastern, Asian, and African markets. This aligns with the company's long-term strategy to diversify income sources and grow its geographical presence. The top executive forecasts growth momentum to continue into the second half of 2025, driven by an expanding customer base, improved coverage in high-density areas, and stronger offerings for both business and retail segments. Thanks to optimized distribution strategies and continued consumer demand for essential products, the company is well positioned to sustain stable revenue performance in H2 2025.
