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COMMODITIES-
Gov’t pays first installment of wheat arrears to farmers: State grains buyer General Authority for Food Security has paid SAR 295.2 mn to 792 farmers, settling arrears for buying 175.7k tons of wheat this year, according to the authority’s post on X. This is the first installment of wheat arrears disbursed by the government for the 2024 harvesting season, which so far has seen the government procure 552.5k tons of wheat from 2.8k farmers, according to Mubasher.
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REAL ESTATE
The Real Estate Registry will give proptech companies Suhail, Aqarsas, and Paseetah access to market data, according to state news agency SPA . The companies leverage AI to generate market data and insights on their platforms to help real estate investors make informed decisions. No further details were provided.
DEBT WATCH-
Tadawul-listed industrial investment vehicle Saudi Advanced Industries (Saic) has renewed a Shariah-compliant credit facility worth SAR 100 mn with Al Rajhi Capital, it said in a disclosure to Tadawul. The one-year financing will help support Saic’s expansion plans, it said.
