Korean firm, Aramco to set up special steel project at Spark
South Korea’s steel conglomerate SeAH Group has set up a joint venture with Saudi energy giant Aramco to produce special steel pipes, a report said. SeAH Changwon Integrated Special Steel Corp, the group’s special steel maker, said the joint venture, SeAH Gulf Special Steel Industries (SGSI), will accelerate the expansion of the group in the […]
Arabian Cement’s profits hit $23.2mln in H1-22; dividends proposed
Arabian Cement Company has registered net profits after Zakat and tax of SAR 86.90 million during the first half (H1) of 2022, lower by 13.53% than SAR 100.50 million in H1-21. Revenues amounted to SAR 490.30 million in January-June 2022, an annual plunge of 11.58% from SAR 554.50 million, according to the interim financial […]
Saudi Airlines Catering turns profitable at $21.06mln in H1-22
Saudi Airlines Catering Company has turned to net profits after Zakat and tax of SAR 78.80 million during the first half (H1) of 2022, versus net losses of SAR 47.50 million in H1-21. The company generated sales worth SAR 808.10 million during the January-June 2022 period, an annual leap of 57.40% from SAR 513.40 […]