Khalid Al-Hussan, CEO of Saudi Tadawul Group, opened today, May 9, the international edition of the Capital Markets Forum 2024 in Hong Kong. The event, held in cooperation with Hong Kong Stock Exchange, embodies the strategic cooperation between Saudi Arabia and Hong Kong at the level of...
Saudia, the national flag carrier of Saudi Arabia, has announced a partnership with the Arab National Bank (anb) to introduce the Visa Signature and Infinite credit cards, in collaboration with Visa Inc. These cards, tailored for anb customers who are members of the AlFursan Loyalty Program, offer...
ENOC Group, the leading integrated global energy player, has reported its highest ever profitability in FY 2023. This exceptional performance underscores the success of the new long-term growth strategy aimed at delivering world-class sustainable and integrated energy solutions further reinforcing...
Sumou Real Estate Co. received, on May 7, the Capital Market Authority’s (CMA) approval on the request to increase capital from SAR 375 million, to SAR 500 million via a bonus issue at 1-for-3, according to a statement to Tadawul. ...
Saudi Arabian Oil Co. (Saudi Aramco) expects to pay SAR 466.1 billion, or $124.3 billion, in dividends in 2024, including a base dividend of SAR 304.4 billion and a performance-linked dividend of 161.7 billion. “Our first-quarter performance reflects the...
Saudia, the national flag carrier of Saudi Arabia, and Red Sea Global (RSG), announced a strategic partnership to streamline travel experiences for Red Sea Global and its affiliates. The agreement was signed by Arved Von Zur Muehlen, Chief Commercial Officer of Saudia, and Ahmad Darwish, RSG...
Saudi Electricity Co. (SEC) secured today, May 7, a $1 billion bilateral Murabaha loan from Saudi National Bank (SNB). The facility has a five-year term with the option to extend for another two years. It will be used to finance general corporate purposes and capital expenditures,...
Red Sea International Co.’s subsidiary, Fundamental Installation for Electric Work Co. Ltd., signed a contract for engineering, procurement and construction (EPC) for site preparation and infrastructure works at Jeddah Central Development Project with Modern Building Leaders Co. (MBL) at a...
Jabal Omar Development Co.’s board of directors approved on May 7 Khalid Al-Amoudi's resignation as Chief Executive Officer (CEO) effective May 30, 2024, to pursue his career. The company’s board of directors appointed Vice Chairman Saad Ben Aiban as CEO effective May 31,...
Riyadh Air, Saudi Arabia’s new world-class airline and Saudi Tourism Authority (STA), have signed a significant memorandum of understanding (MoU) at Dubai’s Arabian Travel Market, that will enhance the travel experience for passengers to and from Saudi Arabia. Riyadh Air aims to fly to over 100 ...