Business & Money | Saturday 16 September, 2023 1:55 am

Safa Investment undertakes over SAR 4.5 bln projects: CEO

Safa Investment Co. currently undertakes projects of over SAR 4.5 billion.   CEO Moath Alzaid told Argaam on the sidelines of the EFG Hermes Saudi Forum in London that Safa plans to supply a number of quality residential complexes and units, noting that the occupancy rate at...

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Business & Money | Saturday 16 September, 2023 1:46 am

UAE and China’s Hainan Province sign multiple deals to boost cooperation in priority sectors

The UAE and China's Hainan Province have signed four major private-sector agreements aimed at boosting the rapidly expanding bilateral trade and investment ties. The signing ceremony took place during the Hainan Promotion Conference in Dubai, and was attended by Dr. Thani bin Ahmed Al Zeyoudi, ...

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Business & Money | Saturday 16 September, 2023 1:42 am

Aramco acquires Esmax, enters Latin America’s retail market

Saudi Aramco agreed to purchase a 100% equity stake in Esmax Distribusción SpA (Esmax) from Southern Cross Group, a Latin America-focused private equity company.     Esmax is a leading diversified downstream fuels and lubricants retailer in Chile. Its national presence...

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Business & Money | Saturday 16 September, 2023 1:22 am

Lunate launches in Abu Dhabi with over $50bn of AuM

Lunate, a new Partner-led and independent global alternative investment manager, today announced it will launch with more than US$50 billion of Assets under Management (AuM), making it one of the largest in the MENA region. The creation of Lunate follows a multi-party effort to establish an...

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Business & Money | Saturday 16 September, 2023 1:04 am

Invest in Sharjah' participates in Belt and Road Summit

Sharjah FDI Office (Invest in Sharjah) participated at the Belt and Road Summit, which took place in Hong Kong from 13th-14th September. Invest in Sharjah was represented by Ahmed Obaid Al Qaseer, CEO of Sharjah Investment and Development Authority (Shurooq); Marwan Saleh Alichla, Director of...

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Business & Money | Saturday 16 September, 2023 12:01 am

GACA issues monthly airport performance report

The General Authority of Civil Aviation (GACA) issued its August report on the performance of domestic and international airports in Saudi Arabia.   The airports are assessed according to 14 basic performance measurement criteria. This comes in implementation of the strategic...

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Business & Money | Friday 15 September, 2023 1:52 am

Al Sagr board proposes SAR 160 mln rights issue to raise capital

The board of Al Sagr Cooperative Insurance Co. recommended, on Sept. 13, increasing the company’s capital to SAR 300 million through a SAR 160 million rights offering.    The capital increase will help Al Sagr comply with the...

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Business & Money | Friday 15 September, 2023 1:22 am

Siemens signs agreements with Giza Systems, Saudi Coffee Co.

Siemens announced a series of agreements with Saudi Arabian businesses and institutions at the Digital Industries Technology Day in Riyadh last week, emphasizing a shared commitment to accelerating digitalization and sustainability in multiple sectors with the aim of helping achieve the Kingdom’s ...

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Business & Money | Friday 15 September, 2023 1:09 am

Arabian Pipes awarded SAR 204 mln supply contract by Aramco

Arabian Pipes Co. was awarded today, Sept. 13, a new order worth around SAR 204 million by Saudi Aramco for the supply of steel pipes and coating services, the company said in a statement to Tadawul.   The contract term is 16 months, said the company, adding that the related...

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Business & Money | Friday 15 September, 2023 12:54 am

Massar Solutions Launches 'Smart Lease' Revolutionizing Personal Mobility in the Middle East

Massar Solutions, a pioneer in mobility solutions in the Middle East for over 25 years, is thrilled to introduce 'Smart Lease,' a game-changing consumer product that redefines personal mobility and simplifies the vehicle leasing experience. This innovative offering has replaced Massar's legacy...

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