MEPCO to disburse $6.6mln dividends for H1-22
The board of Middle East Paper Company (MEPCO) has decided to pay SAR 25 million as cash dividends for the first half (H1) of 2022, according to a bourse disclosure. The Saudi firm announced a dividend distribution of SAR 0.50 per share, representing 5% of the share nominal value, for 50 million eligible […]
Investors’ transition to health sector in Saudi proves to be trustworthy
The transition of investors from other sectors to invest in the health sector proves that it is a trustworthy sector, Minister of Health Fahad Al-Jalajel confirmed. Al-Jalajel made the remarks during the third session of the Global Health Forum, which is being held this year in Riyadh with the slogan “Transformation in the […]
Riyadh fair consolidates Saudi Arabia’s position as major Gulf cultural destination
The Riyadh International Book Fair 2022, the largest-ever cultural event in Saudi Arabia, comes to a close on Saturday evening. The ten-day festival of books and culture, with the participation of 1200 publishing houses from 32 countries, witnessed the flocking of an unprecedented number of male and female visitors and book fans, and thus […]
Saudi ANB acquires stake in UAE’s Cashee
Arab National Bank (ANB) has reached an agreement with Cashee, a UAE-based tech startup that provides banking services, to acquire equity in the latter. The Saudi lender however did not disclose the amount of the share it took over nor its value in its press release. The deal comes in line with ANB’s […]