Business & Money | Thursday 16 May, 2024 6:56 am

MSCI adds 8 Saudi firms, excludes 6 in periodic review

MSCI Inc, the provider of research-based indexes and analytics, announced the results of its periodic review, adding SAL Saudi Logistics Services Co. to the MSCI Global Standard Index. Meanwhile, the index added seven firms to MSCI Saudi Arabia Small Cap Index, namely, Al-Babtain Power...

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Business & Money | Thursday 16 May, 2024 6:20 am

IHR appoints Yaqeen Capital to advise on move to Main Market

International Human Resources Co. (IHR) appointed Yaqeen Capital as financial advisor on its planned transition from the Nomu-Parallel Market to the Main Market, according to a statement to Tadawul. The transition is subject to the approval of the Saudi Exchange and is conditional on...

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Business & Money | Wednesday 15 May, 2024 4:51 pm

SUN SIYAM RESORTS PROMOTES AHMED NAUFAL TO GROUP DIRECTOR OF SALES & MARKETING

Sun Siyam Resorts is pleased to announce the promotion of Ahmed Naufal to the role of Group Director of Sales & Marketing, effective from April 2024. Previously serving as Cluster Director of Sales & Marketing at the compnay, Naufal will now spearhead the strategic sales and marketing...

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Business & Money | Wednesday 15 May, 2024 3:41 pm

Golden Gate Ventures Lands First Close of their US$100 Million New MENA

Doha, Qatar, 15th May 2024 – Golden Gate Ventures, a venture capital fund founded by Silicon Valley natives, today announced its first US$100M MENA fund with US$ 20M in commitments from some of Qatar’s most prominent families: anchor investor, the multi-faceted Al Khor Holding with 60 years of...

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Business & Money | Wednesday 15 May, 2024 10:54 am

Bayt.com Revolutionizes Recruitment with No-Login CV Search Access to the Middle East’s Premier Talent Pool

 Bayt.com, the Middle East’s #1 job site, today announced a significant update to its CV search functionality. Now, employers can access a limited version of Bayt.com’s CV search without the need to log in or register, making it easier and more efficient to find top...

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Business & Money | Wednesday 15 May, 2024 10:42 am

Fakeeh Care IPO 119x covered, final price set at SAR 57.50/share

HSBC Saudi Arabia, the sole financial advisor, joint bookrunner, underwriter, and lead manager on the potential IPO of Dr. Soliman Abdulkader Fakeeh Hospital Co. (Fakeeh Care Group), set the final offer price at SAR 57.50 per share. The IPO was 119x covered, with the final IPO price set at SAR ...

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Business & Money | Wednesday 15 May, 2024 10:29 am

Arabian Pipes, Saudi Aramco sign SAR 107M contract

Arabian Pipes Co. signed today, May 14, a SAR 107 million contract to supply pipes from its factories to Saudi Arabian Oil Co. (Saudi Aramco). The contract duration is 10 months, the company said in a statement to Tadawul, expecting the financial impact to appear during the first and ...

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Government | Wednesday 15 May, 2024 9:33 am

Airport Show opens in Dubai amidst brightest growth outlook for aviation industry

His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group, inaugurated the 23rd edition of Airport Show at the Dubai World Trade Centre (DWTC) on Tuesday, May 14,...

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Business & Money | Wednesday 15 May, 2024 9:32 am

Schneider Electric Appoints Yasser Ahmed as Gulf Vice President of Buildings

Schneider Electric, a global leader in energy management and automation, appoints Yasser Ahmed as the Vice President of Buildings for the Gulf Cluster.   With over fifteen years of experience in digitization, automation, and decarbonization, Ahmed brings a wealth of knowledge to his...

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Business & Money | Wednesday 15 May, 2024 9:24 am

TAQA Group Reports AED 2.1 billion Net Income for Q1 2024

 Abu Dhabi National Energy Company PJSC (TAQA or the Company), one of the largest listed integrated utilities in Europe, the Middle East and Africa, reported its earnings for the period ending 31 March 2024. TAQA delivered a robust financial performance, bolstered by the recognition of...

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