Saudi Arabia’s Kingdom Holding invests in Russian energy companies
Saudi Arabia’s Kingdom Holding invested in Russian energy groups Gazprom, Rosneft and Lukoil between Feb. 22 and March 22, it said on Twitter on Sunday. Many Western nations have imposed sanctions on Russian energy firms and their executives following Russia’s invasion of Ukraine on Feb. 24. The Kingdom Holding investments fall within the company’s 12.8 […]
J&J talc powder sold in Saudi Arabia does not contain asbestos: SFDA
The Saudi Food and Drug Authority (SFDA) confirmed that the talcum powder that is manufactured by Johnson & Johnson (J&J), which is sold in Saudi Arabia, does not contain asbestos. The SFDA’s confirmation came after a person inquired about the measures that the authority will take, especially after the published news of J&J’s decision […]
Saudi billionaire’s Kingdom Holding invested $3.4bln globally since 2020
Saudi investment firm Kingdom Holding Co. (KHC) disclosed that it has made investments worth more than SAR 12.8 billion ($3.4 billion) since 2020, including in major Russian energy companies. Kingdom’s total investments amounted to SAR 4.33 billion in 2020, SAR 3.75 billion in 2021 and SAR 4.73 billion in 2022, a filing on Tadawul bourse […]
Dubai’s Depa wins $30mln project in Saudi’s Red Sea region
Interior design and specialty contractor Depa Plc said on Monday that its interior fit-out unit won a project worth approximately AED 110 million ($30 million) within a development in the Red Sea region of Saudi Arabia. This is the second significant hospitality project awarded to Depa within this development, the Nasdaq Dubai -listed Depa said […]