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ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

Chinese firm bags $974m Madinah tunnel project

  • Canada’s WSP and US-based Parsons are among consultants working on the project while Rua al-Madinah Holding is the client
  • Al-Amida road will serve as an alternative to the current ring road, through expanding the roadway to six lanes

Saudi Arabia has awarded the building of a five-kilometer-long tunnel in the city of Madinah to a Chinese construction firm, to be built at the cost of $974 million.

The project also involves the construction of a pedestrian bridge.

Al-Amida road will serve as an alternative to the current ring road, through expanding the roadway to six lanes, upgrading the Ali Bin Abi Taleb traffic tunnel and connecting Al-Amida to the King Faisal ring road.

Canada’s WSP and US-based Parsons are among consultants working on the project while Rua al-Madinah Holding is the client.

Saudi Arabia also witnessed a tunneling project in NEOM, in June, with contracts being awarded for the bored tunneling sections of The Line.