Archives

Saudi Arabia

Wed, 23 Feb 2022 11:01:46 GMT
Saudi Arabia announces prequalified companies for Taiba Independent Power Plant
10 companies have been prequalified, including the UAE's Taqa and Qatar's Nebras

Wed, 23 Feb 2022 11:00:49 GMT
stc's OGM approves supplementary contract with Walaa
The signed supplementary contract was part of the ordinary businesses that have offered no preferential advantages

Wed, 23 Feb 2022 09:37:27 GMT
Riyadh opens doors to real estate future forum today
On its first day, the forum will host all the top officials and executives in the sector led by Majid Al-Hogail, minister of Municipal and Rural Affairs and Housing

Wed, 23 Feb 2022 09:18:34 GMT
Saudi's Taqa Well Services bags mega integrated fracturing contract
The value of the contract is $267mln

Wed, 23 Feb 2022 09:00:42 GMT
Saudi chain Al-Dawaa raised $27bln in IPO from institutional investors
Individual subscriptions will be invited between Feb 27 and March 1, offering a maximum of 2.55mln shares

Wed, 23 Feb 2022 06:31:41 GMT
Saudi ACWA Power closes $1.3bln debt facility for Red Sea Project
Facility will now include Saudi National Bank in consortium of financiers

Wed, 23 Feb 2022 06:06:33 GMT
Nearly half of Saudi homeowners, 84% of tenants want to buy new home 
Saudi Arabia has big untapped market of residents looking to buy a flat or villa: Knight Frank 

Tue, 22 Feb 2022 13:16:32 GMT
GIB inks $107mln project finance deal for new Jeddah hospital
Spread over a 65,000-sq-m area

Tue, 22 Feb 2022 13:09:55 GMT
Acciona consortium wins major Saudi water management contract
Management, operation and maintenance of the end-to-end water cycle in the regions of Asir, Jazan, Baha and Najran for the next seven years

Tue, 22 Feb 2022 12:31:10 GMT
SABB's board proposes 4% dividend distribution for H2-21
The cash dividend payout stands at SAR 0.36 per share

Tue, 22 Feb 2022 12:24:40 GMT
SAIB's profits down 2% in 2021
The bank's interest income went down

Tue, 22 Feb 2022 11:31:58 GMT
Sovereign sukuk to fall to $73bln this year; Saudi Arabia leads decline: Moody’s
GCC sovereigns are likely to see a surplus of $50bln in 2022

Tue, 22 Feb 2022 11:30:20 GMT
Saudi products exports 32% higher in 2021 on diesel, fuel oil shipments
Diesel and fuel oil were the two main products that drove exports higher,

Tue, 22 Feb 2022 11:30:20 GMT
Saudi aid center chief meets UN delegation in Riyadh
Dr. Abdulhakim Elwaer lauded KSrelief’s ongoing professionalism in implementing a range of global projects

Tue, 22 Feb 2022 11:00:58 GMT
TRSDC appoints Accenture as Enterprise Architecture partner
To run the Smart Destination Programme for a seamless connection and visitor experience at The Red Sea Project

Tue, 22 Feb 2022 10:00:50 GMT
TRSDC appoints Accenture as the enterprise architecture partner for its integrated smart services and data platform
The destination is setting new standards in sustainable development and luxury tourism

Tue, 22 Feb 2022 09:44:51 GMT
Spanish-Saudi consortium awarded $106mln water cycle management contract in the Kingdom
Consortium of Acciona, Aqualia, Tawzea and HAACO awarded PPP contract for Southerm Cluster

Tue, 22 Feb 2022 04:00:09 GMT
Emerson opens its fourth manufacturing facility in Saudi Arabia
The new plant is located in Jubail

Mon, 21 Feb 2022 15:00:16 GMT
Thob Al Aseel’s net profits down 27.5% in 2021; dividends approved
Thob Al Aseel’s board approved on 20 February a cash dividend distribution

Mon, 21 Feb 2022 15:00:16 GMT
Arabian Shield's net profits down 16% in 2021
Net written premiums grew by 15.96% year-on-year (YoY)

Mon, 21 Feb 2022 14:41:57 GMT
Saudi Cable’s shareholders approve 27% capital decrease; fluctuation limits set
The capital cut will be carried out by cancelling one share for every 3.6684 shares

Mon, 21 Feb 2022 13:03:35 GMT
Saudi and UAE continue to lead the Middle East hotel construction market
The Middle East was the leader in opening to international arrivals and hosting large events

Mon, 21 Feb 2022 12:53:05 GMT
EnEx to set up drone manufacturing plant at Saudi energy park
EnEx Group is a private Saudi company acting as an investor and business promoter

Mon, 21 Feb 2022 12:24:50 GMT
Companies and governments should continue oil sector investment: Aramco CEO
Aramco increased the spare capacity from 12mln barrels per day to 13mln bpd in 2020

Mon, 21 Feb 2022 11:00:34 GMT
Aslak signs MoU with UAE's A-1 Fence DMCC for possible acquisition
The possible acquisition aims to enable Aslak to diversify its sources of income and maximise its profitability

Mon, 21 Feb 2022 10:37:16 GMT
SASCO inks facility agreement with Riyad Bank
The facilities include ten-year financing

Mon, 21 Feb 2022 10:35:52 GMT
Lack of investments in energy sector causing a price surge: Saudi energy minister
Speaking at the International Petroleum Technology Conference in Riyadh, the minster noted that innovation is necessary to ensure a plan to use renewables to generate half of the energy required by the Kingdom by 2030

Mon, 21 Feb 2022 10:00:43 GMT
SASCO gets $135mln loan from Riyad Bank to finance NAFT acquisition
The long-term loan, obtained on Feb. 20, will be paid over a period of ten years

Mon, 21 Feb 2022 09:55:37 GMT
Saudi telecom operator Mobily profits up 37% in 2021
The strong results were primarily driven by growth in the Business and Consumer segments

Mon, 21 Feb 2022 08:21:34 GMT
Saudi firm to manufacture drone systems at Spark
Spark is a fully integrated industrial ecosystem and spans an area of 50 sq km

Mon, 21 Feb 2022 06:55:25 GMT
Saudi's Mobily 2021 net profit jumps 36.8% to $285mln
Telecom operator reports higher revenues, growth in subscriptions

Mon, 21 Feb 2022 05:31:52 GMT
Saudi's largest pharmacy chain Nahdi Medical to 'accelerate' UAE expansion
Firm confirms expansion as it prepares to list on local bourse

Mon, 21 Feb 2022 05:00:24 GMT
Saudi mall operator Arabian Centers returns to pre-pandemic level
As occupancy rates and commercial activity increased, the company renewed licenses to work on the Jawharat Arriyadh project

Sun, 20 Feb 2022 08:30:19 GMT
Initiatives to plant and preserve wild plants and trees in Saudi Arabia
The plant species are found in sandy areas, salt marshes and aquatic environments

Sun, 20 Feb 2022 08:30:19 GMT
Saudi minister hold talks in Ecuador as part of South American tour
The two sides also exchanged views on a number of regional and international issues of common interest

Sun, 20 Feb 2022 08:30:19 GMT
Saudi Electronic University launches e-learning forum in Riyadh
The event will bring together educators, policymakers, innovators to find ways to solve digital challenges

Sun, 20 Feb 2022 08:00:36 GMT
Nahdi Medical plans IPO, listing on Saudi Exchange
The offering is expected to comprise a sale of existing shares and result in a free float of 30%

Sun, 20 Feb 2022 04:00:46 GMT
Saudi Arabia to hold a number of events over three days to celebrate the first Founding Day
Cities across Saudi Arabia are set to host the largest traditional cultural show simulating human struggle since the founding of the Saudi state

Sat, 19 Feb 2022 08:24:51 GMT
Sedco sells key Saudi dining group to US investment group
AEC operates 17 casual dining restaurants throughout Saudi Arabia and is the local franchisee for Applebee's Neighborhood Grill + Bar, one of the world's largest casual dining brands

Sat, 19 Feb 2022 05:00:53 GMT
Diriyah, Jewel of the Kingdom: Diriyah supports young survivors on International Childhood Cancer Day
The 2022 theme focuses on “Better Survival” and how this is achievable #throughyourhands

Sat, 19 Feb 2022 04:52:05 GMT
Saudi interior ministry launches joint tactical exercise for internal security forces sector
The joint tactical exercise is being held under the guidance and follow-up of the interior minister

Fri, 18 Feb 2022 13:38:46 GMT
SEDCO Holding completes sale of Arabian Entertainment Co. to GLD Partners
SEDCO is exiting from the food service sector

Fri, 18 Feb 2022 12:40:58 GMT
Saudi Arabia backs global efforts to develop innovative cultural policies: Minister
Prince Badr expressed his appreciation for UNESCO’s efforts in preparing and coordinating the consultations

Fri, 18 Feb 2022 12:39:32 GMT
Saudis see long-term job stability in tourism, government study shows
Some 83 percent expressed that working in the tourism sub-sectors would be a very suitable option

Fri, 18 Feb 2022 09:46:53 GMT
Saudi Fund for Development kicks off new $137mln projects in Africa
Initiatives in Djibouti include water supply, housing, road projects 

Fri, 18 Feb 2022 03:17:45 GMT
Saudi labor ministry represents workers by preserving their rights, says minister
Acting Information Minister Majid Al-Qasabi and Human Resources Minister Ahmed Al-Rajhi presented the latest government developments from different sectors to the media

Thu, 17 Feb 2022 14:03:46 GMT
PROJECTS: Saudi Arabia prequalifies 19 firms for Ras Mohaisen - Baha - Makkah water transmission project
The project is being procured using the BOOT model

Thu, 17 Feb 2022 13:46:55 GMT
Saudi economy to exhibit strong growth in 2022 as pandemic diminishes: report
A reversal in social distancing restrictions could boost the wholesale and retail, and restaurants and hotels sector



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