Energy & Fuel Retail

Ten percent of the country

August 18, 2026

Aramco and Maaden are forming a joint venture, Maaden at 51%, Aramco at 49%, to explore Zone-4 of the Arabian Platform, about 182,000 square kilometres, close to 10% of The kingdom's land area, targeting copper and other energy-transition minerals along a 100-km-wide corridor. Saudi mineral wealth is valued at over SR9.3 trillion ($2.5 trillion), against a Vision 2030 target of lifting mining's contribution to GDP to SR240 billion.

Arab News

Aramco’s 49% stake, rather than a controlling interest, positions this as a capability contribution. Aramco provides subsurface data, while Maaden will operate the business.

Abdulrahman Al Mottahar
|
Partner

Explore more signals

Healthcare
July 29, 2026
SR 180M to keep the machines running

Al-Moammar Information Systems (MIS) was awarded a SR179.8M contract by King Saud Medical City covering maintenance and repair of medical devices and equipment together with IT works and services.

Argaam

This is recurring revenue in a quarter when project revenue is under pressure. If your business is capex-dependent, the strategic question this award poses is what part of your offering could be sold as an annual service instead.

Abdullah Alkherb
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Senior Partner
Telecom & Technology
August 31, 2026
Four billion dollars, free

Adobe, the Ministry of Communications and Information Technology and HUMAIN signed a partnership valued at more than $4 billion, giving more than 27 million citizens and residents aged 13 and above free access to Adobe Firefly Standard and Express Premium for 12 months. The agreement covers a culturally-tailored image generation model, Arabic right-to-left support, and free access for eligible startups through CODE and The Garage from early 2027.

Argaam

$4 billion worth of software given to 27 million people is really a distribution strategy, not a donation. Adobe is securing its user base before anyone else can shape what creative tools look like in Arabic.

Abdullah Alkherb
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Senior Partner
Government & Public Sector
July 21, 2026
Kicking the maturities to 2041

NDMC redeemed SR17.1bn ($4.5bn) of 2026–2030 sukuk and issued SR17.2bn maturing to 2041, a liability-management exercise.

Source: (Arab News)

The takeaway: A state that manages its maturity curve shows confidence, indicating long-term projects your business might supply.

Abdulrahman Al Mottahar
|
Partner

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